No. of Recommendations: 0
Just a note to point out that if you are a Sears Credit Card holder they are trying to convert everyone to a Sears Gold MasterCard. I got the notice yesterday. In the fine print it stated that if I didn't want the new Sears Gold MasterCard, but just wanted to keep my Sears Card, I had to call them by March 9, 2001. I really don't want the MasterCard, I already have one as my one and only credit card, but I do like the Sears Card once in a blue moon to take advantage of the delayed payment (interest free) on some major appliance purchases. I also find that it is easier to deal with return and repair issues when appliances are purchased with the Sears Card, don't ask me why, it just seems to be so. Anyway I called the 800 number they provided (800-941-6338) and after about a twenty minute wait (they probably only have one customer rep assigned to the “I don't want the card” line) I get the rep to make the change.

I guess in truth this may signal Sears getting out of the Credit or Credit Card business. I know single merchant cards aren't as popular or as financially rewarding to the issuers as the broader VISA and Master cards are and I guess it is only a matter of time before I get a notice from Sears saying that they are no longer going to accept their own card. While I have been credit card debt free for the last eight years and plan on remaining so, it will seem a shame to see that card go. They have the year the original card was issued on the face of the card ……. mine says 1965 …. like me, it's almost an antique!!

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