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.
You no longer have a "STORE" card... ...BUT otherwise sounds good...12% is better than 20%+ $8,600+ is great!!!
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.
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.
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?
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