Sears has ridiculous rates...BUT they frequently offer 0% interest for various periods of time...these offers can come in handy when you are in the market for appliances and other "big ticket" items.

Sure, if you're Foolish, you could pay cash for a new refrigerator. But if you're REALLY Foolish, you could charge it at Sears for 6 months 0 interest, put the $800 into your money market, and at the end of your interest free period, pay it off, AND have a few dollars in interest that you've earned.

Sears also sends their card holders nifty coupons ($5 off a purchase of $5 or more)...using these I've gotten some tremendous deals. I usually get them in batches of four -- I'll go and buy some on-sale items, and after I use the 4th, I'll make a payment at the register totalling what I've just charged (you must charge the purchase to use the coupon).

SO while I agree that Sears has high rates, they also have some excellent perks.