The Sears MasterCard is probably the better choice (for comparison purposes) over the regular Sears credit card offered by the company. Aside from being able to join cardholder-only shopping events, you will also earn points which can then be redeemed for purchases in the two stores.
The main differences between the two cards are as follows: Sears offers a free gift each time a purchase is made using the card, and the customer can choose the amount of the rewards earned. The MasterCard does not have a limit on the amount of points that one can earn.
Although the cost of this card is lower than the regular Sears credit cards, the rewards offered are just as good as those of the regular MasterCard. The only difference is that the money you have to pay every month is not reduced; instead, it becomes automatically deducted from your account. The money you have deducted is given to you after a grace period of up to 12 months.
There are limitations on the use of this card, since one can only make purchases using it at Sears stores. But since it offers more cash back and frequent flyer miles, it may be more beneficial than the regular Sears credit cards if you are going to frequent the stores owned by the company.
Another benefit is that the Sears MasterCard cannot be used to make purchases anywhere else, not even at online merchants. It can only be used at the two stores.
Another benefit is that with the MasterCard, you can earn up to two free gifts per year with an annual percentage rate of at least 0.99 percent. With the regular Sears credit card, the interest rate can be up to 5 percent and the total card balance can go up to $500. And because there are no annual fees associated with the MasterCard, it is an easy way to start building your credit history.
The great advantage of these cards is that they help keep your finances organized. By using the card to make purchases at both the regular stores and the special Sears stores, you can easily make a checkbook out of it.
Because of the convenience it offers, many people have chosen to transfer their balances from the regular cards to the MasterCard to save both time and money. These cards can also be used for frequent flyer miles, which you can use to earn discounts when traveling.
If you have always been looking for a card that gives you benefits and rewards, this card is definitely a great option. since it can give you the same benefits as the regular Sears card and at half the cost.