What will happen to Sears credit card holders?
The Sears credit card is issued and managed by Citibank. Further, if your Sears card is a MasterCard, you will be able to continue to use at other merchants it even if Sears goes out of business. If you have a balance on your account, you will continue to make payments to Citi, just as you have for years.
Will Sears settle credit card?
You can settle your credit card debt with Sears through a process called debt settlement. Debt settlement allows you to settle your balance for less than the full amount owed. Generally, Sears will not allow a settlement of your account unless it is seriously delinquent and about to be charged off.
How do I pay off my Sears credit card?
To pay your Sears Credit Card bill by phone, call the automated Sears Credit Card Services system at 800-815-7701. This toll-free line is open 24/7, and the automated system will take you through the process of making a payment.
Should I close my Sears credit card?
Yes. Even if you didn’t choose to close the account, it will still have an impact. If you held the card for a long time, it can affect the average length of credit history, which is a factor in determining your score.
Where else can I use my Sears credit card?
The Sears Card is accepted at Sears, Kmart, Sears.com, Sears Essentials, Sears Grand, Sears Hardware, Sears Auto Centers, Sears Hometown Stores, Lands’ End and landsend.com (all members of the Sears Holdings family of companies).
How do I close my Sears credit card account?
You can cancel your Sears credit card by just calling their customer service at 800-669-8488. You will be asked to provide either your account number or your Social Security Number. As soon as you do that, you will be connected to a representative.
Can you pay Sears credit card with another credit card?
Typically, you can’t simply pay your credit card bill with another card as if you were paying your utility or phone bill. But that doesn’t mean you can’t use one credit card resource to pay off or make payment on another’s balance. Cash advances and balance transfer offers are two ways you can make this happen.
Can I cancel my Sears credit card online?
You can cancel your Sears credit card by just calling their customer service at 800-669-8488. You will be asked to provide either your account number or your Social Security Number. Then, you can tell them that you’d like to permanently close your account.
What is the difference between Sears Card and Sears Mastercard?
The Sears MasterCard is the superior option (as compared to the Sears Credit Card) available for frequent shoppers of Sears or Kmart. In addition to being invited to cardholder-exclusive shopping events, you’ll earn points that can be redeemed on purchases at the two retailers.
Why did Sears close my credit card?
— The account gets closed. — The card can still be used for online or other purchases within that brand. — The issuer will assign your line of credit to another retailer. If your card is closed because a retailer goes out of business — or due to your own inactivity — it will still appear on your credit report.