Sears converts me to MasterCard

Discussion in 'Credit Talk' started by cherie, Jul 30, 2002.

  1. cherie

    cherie Well-Known Member

    Today's mail.
    Sears will convert our card from a 1,100 store card to a 9,700 Mastercard by September.. unless I write in and refuse the increase.. The interest rate goes to 12% and somthing.. a BT offer of 5.9% for six months.
     
  2. GEORGE

    GEORGE Well-Known Member

    You no longer have a "STORE" card...

    ...BUT otherwise sounds good...12% is better than 20%+

    $8,600+ is great!!!
     
  3. drmgirl6

    drmgirl6 Well-Known Member

    I know something is going on with Sears. When I went to rent a car a week ago, a recording comes on the customer service line that they will no longer be accepting the Sears card at Budget Rentals beginning in Sept ,I think.
     
  4. keepmine

    keepmine Well-Known Member

    That happened to me last year. But, I just got a card in the mail with the TOS. I guess they finally realized to grow your cc receivables you have to offer a product that people can use everywhere.
     
  5. rooms222

    rooms222 Member

    I think Budget just declared bankruptcy that may be why they no longer will be taking the Sears card.


    Were you heavily using the sears card when they converted it to M/C?
     
  6. GEORGE

    GEORGE Well-Known Member

    BUDGET IS BK
     
  7. GEORGE

    GEORGE Well-Known Member

    YOURS~~~$1,100 X 8.8 = $9680

    MINE~~~$5,300 X 8.8 = $46,640 (THIS WOULD BE NICE)...
    ADD THE "GEORGE FACTOR" = $5,000 (LOST $300) X 1.0 = $5,000
     

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