I've had a Sears store card since '96 and I noticed it was missing from my report today. After further examination, I discovered that it's showing up as "Citibank USA NA - SE". I guess the SE designates Sears accts. None of the info changed...everything is correct. Just thought I'd let ya'll know about the change.
MY "PRINTER FRIENDY" REPORT (EQUIFAX) SAYS--->SBUSASEARS IT WAS IN WITH THE "S" GROUP (LAST MONTH) TODAY IT IS IN THE "C" GROUP
That was on PG...it showed up in all bureaus. Somehow managed to get a 1pt increase in score during the process.
Re: My Sears now shows up as Citiba On the Sears Card terms, it shows: The information below indicates the costs associated with a Sears Card account issued by Citibank USA, N.A. The information was printed and is accurate as of November 3, 2003, but may change after that date. To find out what may have changed, write to: National Account Authorization Center, 13200 Smith Road, Middleburg Heights, OH 44130-7802 Sears Card/Mastercard account online has Citigroup privacy Terms and Conditions at the bottom of right hand corner of the page. link: https://www.searscard.com/SearsCard/online_account_center.asp Ron.
Re: My Sears now shows up as Citiba EXPERIAN still says SEARS (and is in the "S" group)...BUT it is a report from 10/05/03
Re: My Sears now shows up as Citiba Citigroup Privacy Promise Terms, conditions, caveats and small print Copyright © 2003, Citicorp AT THE BOTTOM (CONTACT US)
Re: My Sears now shows up as Citiba Investor Relations > News Release News Release << Back Sears, Roebuck and Co. Announces Regulatory Approval of Credit Sale and Plans To Commence Tender Offers to Purchase for Cash Approximately $11.8 Billion Of Debt Securities HOFFMAN ESTATES, Ill., Oct. 16 /PRNewswire/ -- Sears, Roebuck and Co. (NYSE: S) ("Sears") announced today that it received notice that the Office of the Comptroller of the Currency has approved the previously announced acquisition by Citibank USA, N.A., an affiliate of Citigroup, Inc., of substantially all of the credit card accounts of Sears National Bank, an affiliate of Sears (the "Credit Sale"). Pursuant to the federal banking laws of the United States, Sears and Citicorp may only consummate the Credit Sale on or after the expiration of a 15-day waiting period following receipt of today's approval. The waiting period will expire on Friday, October 31, 2003 and the Credit Sale is currently expected to close promptly thereafter, subject to the satisfaction of the remaining conditions under the definitive purchase agreement relating to the Credit Sale. Proceeds from the Credit Sale are intended to be used primarily to retire debt, return cash to shareholders and for general corporate purposes. Sears and its wholly owned subsidiaries, Sears Roebuck Acceptance Corp. ("SRAC") and Sears DC Corp., formerly known as Discover Credit Corp. ("SDC"), expect to commence promptly cash tender offers to purchase any and all of their respective unsecured public term debt securities maturing after 2003, which include 214 series of securities with an aggregate principal amount of approximately $11.8 billion. Delivery of offering materials to registered security holders will begin upon commencement of the offers. The offers will relate to various series of debt securities, including approximately $9.7 billion in aggregate principal amount of term debt securities originally distributed primarily to institutional investors and issued by each of Sears, SRAC and SDC (collectively, the "Institutional Notes") and approximately $2.1 billion in aggregate principal amount of debt securities originally distributed primarily to individual investors and issued by SRAC (the "Retail Notes"). The offers for Institutional Notes and Retail Notes (together, the "Notes") are subject to the terms and conditions that will be included in the applicable offering materials. Each offer for each series of Notes will be independent and will not be conditioned upon any other offer, and each offer may be amended, extended or terminated individually. The offers will not be conditioned on any minimum amount of Notes being tendered. Noteholder consent is not required to consummate the Credit Sale and will not be sought as part of the offers. The offers will be based on either a fixed price or a price that relates to a fixed spread over the yield to maturity of certain US Treasury securities, plus, in both cases, accrued and unpaid interest. Consideration offered on the fixed price securities, primarily redeemable in 2004, generally will be par plus Sears' estimated cost of carry through redemption, net of acquisition costs. Additional information will be available upon commencement of the offers. Tender spreads for other securities are shown in Schedules 1 and 2 for the Institutional Notes and Schedule 3 for the Retail Notes, each of which is attached hereto. The terms of the offers will be specific to each series of Notes and, in the case of the Institutional Notes, will include an early tender premium that will be offered to holders that validly tender and do not withdraw their notes prior to an early tender date, which is anticipated to be on or after Wednesday, October 29, 2003. In each case, the consideration to be paid for Notes properly tendered and accepted for payment will be determined in accordance with the procedures described in the applicable offering materials. Each tender offer for each series of Notes will be made pursuant to the terms and conditions contained in two separate Offers to Purchase and related Letters of Transmittal. The offers are expected to expire 20 business days following commencement of the offers, unless earlier extended or terminated. Withdrawal rights for each offer may differ and security holders are urged to read the Offers to Purchase and related Letters of Transmittal for more details. The offers are conditioned on, among other things, consummation of the Credit Sale. This announcement is not an offer to purchase or a solicitation of an offer to purchase with respect to any securities. The tender offers will be made solely pursuant to the Offers to Purchase and related Letters of Transmittal and are not being made in any jurisdiction in which such an offer would be unlawful.
Re: My Sears now shows up as Citiba "That was on PG...it showed up in all bureaus. Somehow managed to get a 1pt increase in score during the process." I have a "closed" SEARS account and it showed up that way on my PG report today as well. Since SEARS has pulled three non pp reviews in the past six months I wonder if I should direct my non pp letter to Citibank rather than SEARS. I got a 14 point raise in my PG FAKO since 10/28 with no other changes.
Re: My Sears now shows up as Citiba My Sears MasterCard is showing up on all three bureaus as Citi. The problem is that my Sears store card (closed when converted to MasterCard) is now showing as an open account on Equifax!! It was closed, sold/transferred. Now it looks like I have two cards. One more thing to dispute! It never stops!!
Re: Re: My Sears now shows up as Citiba "IF" it really is open... ASK TO COMBINE AND CLOSE... (just a thought) BDD
Re: Re: My Sears now shows up as Ci I just logged on the Experian to check my credit report and I found out that Sears Mastercard moved up to Citi column but Sears Store still down there in S column. It report as Sears NOT Sears/CB USA and the adress is 13200 Smith Road, Cleveland Ohio 44130. Ron.
Re: Re: My Sears now shows up as Ci GEORGE, It shouldn't be an open account. Sears sent me the MasterCard and said it replaced my store account. Might be interesting to see, though. Maybe I'll call them. But I don't have a problem with Citi. If they don't keep the 0% financing on things like appliances I'll probably cancel the Sears and combine with one of the other ones anyway.
I pulled again today and now it's showing as "CBUSASEARS". Guess they're having a hard time deciding what to call it. I don't care what they call it as long as it doesn't disappear.
