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Posted on 15 November 2019 | 2,875 views

Credit Score Needed for a Sears Store Credit Card

Sears is a popular department store that specializes in consumer electronics, house wares, tools, clothing and other basic needs. The Sears credit card is designed for consumer purchases. It can be used for any merchandise in the store, warranty packages, and even servicing of appliances, tools, or other gadgets. This is a popular consumer store card that offers membership rewards to cardholders, as well as different coupons and members-only deals throughout the year.

As with most department store credit cards, the Sears department store credit card, issued through Citibank, is a card designed for those with ranging credit scores from fair to excellent. It is recommended that you have a credit score of at least 650 which is the average approved credit score, if applying for this store credit card. This does not guarantee approval, but your chances for approval are far higher with a score of 650 or higher. There are other factors that are considered when you apply for a Sears credit card including credit history and income guidelines. If you have no bankruptcies or negative judgments and a reliable source of income, you are more likely to be approved. The same is true for your credit score, the higher your credit score, the more likely you will be approved.

The credit limit issued with this card is dependent on your credit worthiness. The higher your credit score, the higher your limit is likely to be. If you are approved for a Sears card with a less than perfect credit rating, you are likely to be extended only a small line of credit, but this can be an excellent way for younger people to begin to build a credit history or for those with bad credit who are trying to improve their credit scores. Just be careful about making excessive purchases on the card and carrying a balance.

One of the problems with this, and most department store credit cards in general, is the high interest rate. Regardless of credit score, the current interest rate on the Sears credit card is a whopping 25.24%. Unless you can pay off your balance in full during the grace period, it is advised that you consider looking into getting a traditional credit card for making these types of purchases with. If you are able to pay the balance in full each month, or each time you use the card, this is a great way to take advantage of members-only offers and sales.

Credit Score Needed for a Sears Store Credit Card

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