If you have a Sears MasterCard, you will find that you are able to transfer your balance directly to your new Sears Gold MasterCard, as long as your account is open. You may even be able to transfer balances on your other credit cards. In order to do this, you must have an active account with a major credit card company. You may want to transfer your balance from your local Sears store card to your local Sears Gold card. Or, you may want to transfer your balance from your local Sears store card to a prepaid debit card or to a regular credit card at a major bank or financial institution.
To transfer your balance, simply log onto your account at Account Online and choose Transfer Balance. Under the Manage Account tab, choose the “Transfer Balances” link and then follow the instructions on your screen. Or, if your account is closed, call your local bank or financial institution and ask for assistance. They will likely let you transfer your balance online for free.
In addition, Sears offers a special feature for customers who transfer their balance from their Sears MasterCard to their Sears Gold MasterCard or Sears Platinum MasterCard. When you make a payment using your MasterCard, the money is automatically transferred to the account associated with your Sears Gold card or Sears Platinum card. If you would like to transfer your balance to a different card, just log onto the Account Online site and follow the directions on the page. Once you have signed in, you will be prompted to enter your password.
Online transfer rates can vary widely from site to site, so be sure to shop around for the best rate. Remember that transferring your balance to a different card can be a temporary fix. If you already have to pay a balance due, you might be better off paying the balance in full.
The best time to transfer your balance to a different Sears store card is when you are transferring the majority of your balance between cards. Otherwise, you may be transferring the wrong balance. Sears allows customers to transfer only their balance from one card to another. and not their entire balance.
Other factors to keep in mind when transferring your balance between different store cards is that you may not be able to move your credit card . . . . . . to a MasterCard in some stores. If you have to pay your balance in full at the end of the month, you may not have access to your store card at the end of the month. You may also be limited by the availability of your MasterCard in certain locations.