In today’s mail, Mrs. B got an offer from Sears Credit Cards to “upgrade” her Sears store card to the Sears Mastercard®." The link at the top of the letter is cardoffer.searscard.com, which resolves to a citibankonline.com page.
Excerpts from the letter: “Great news! You’re one of a select group of cardmembers…with new terms taking effect on 01/17/18…If you would prefer not to receive this upgrade, you can decline it by calling…or visiting cardoffer.searscard.com by 01/17/18…your account history will transfer to your new card.”
In addition, it appears that Shop Your Way Rewards (pertains to Sears and Kmart) remains intact at present.
Excerpts from the FAQ: “Your Sears Mastercard will have a new account number…After you receive the Sears Mastercard, your Sears Card account will automatically be replaced on the credit bureau [sic] with the new Sears Mastercard account number. Your entire account history and original account open date will remain the same.”
For Sears card holders contemplating getting another Citi card – Assuming some kind of limit on the number of Citi cards one person can have, I wonder whether it makes sense for him/her to apply for, say, Citi Double Cash before 01/17/18 to avoid hitting that limit. We may do that, or we may just ask Citi to convert a sock-drawered Citi card (Simplicity or other) to Citi Double Cash or other good Citi card.
And, does anyone know whether the Sears store card counts as a Citi card for purposes of the number-of-cards limit?