The Sears CITI Credit Card is a revolving credit card that is offered to consumers with a good credit standing. To get this card you have to make your payments on time and in full every month. This means that you are not allowed to miss one single payment. Also, you will not be able to make over limit charges.
With the Sears CITI Credit Card, you have the option to choose the different cards that are offered. You can opt for the regular card or a prepaid one. If you do not have any spending limits, you can go for the prepaid credit card. You are required to pay $100 as an initial deposit which you must return every month. Then you will receive a standard credit card with a fixed amount of money and no interest rate for a specified period of time. The period can be anywhere from six months to two years.
There are many perks with the Sears Credit Card. One is that you do not have to pay annual fees and you can request for an extended credit card. One other perk is that you can pay your bill online which will help you avoid extra fees. You can also have your monthly statements delivered to your email. In addition, you are also entitled to one free movie ticket each month as well as one free drink per month. Finally, if you want to buy gift cards and store cards from the Sears website, you can do so.
There are many disadvantages with the Sears CITI Credit Card. One disadvantage is that you cannot withdraw cash from your card. However, if you need to make a purchase at a participating store, they will help you by delivering the items to your home. Also, the percentage of interest you will pay will depend on the outstanding balance of your credit card.
Once you have used your Sears Credit Card at a participating store or online store, you will only be required to pay for the items you bought. This means you can run up your bill very quickly. If you don't pay your bill, you will then suffer high late payment charges. One last disadvantage is that the low interest rate may tempt you to get into debt. The interest rate at some times is higher than the average credit card interest rate. You need to be careful when using your Sears credit card.
It is easy to qualify for a Sears Credit Card. All you need is to prove to Sears that you have a steady job and that you make at least a certain amount of monthly income. In addition, you must also have a steady source of income. This includes a paycheck from your employer and every month you must be able to come up with at least the minimum payment required. After all, you don't want to get into debt and then not be able to afford to pay back the credit card company!