"Shocked To Be Approved."
Sears MasterCard® Review
Written by: islandlo36 on 2010-10-03
Overall Satisfaction
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islandlo36's review: 
Went into Sears to make a small purchase. The cashier suggested I apply for the card. I did, and to my surprise, I was approved for a for a 600.00 cl. This is a huge surprise.
Went into Sears to make a small purchase. The cashier suggested I apply for the card. I did, and to my surprise, I was approved for a for a 600.00 cl. This is a huge surprise.
14 Comments
Comment 1 by thomas1
Re: Shocked To Be Approved. 
on 2010-10-03
Congrats!
HSBC picked up with the Sears Mastercard after they found out that Citi was denying over 70% of the credit applications for possible new credit with Sears.
As some may know, Citi is not the easiest to be approved for, and I believe it might be the same thing as the Discover card, who bumps the application over to HSBC when denied for their card. Citi still offers the Sears Mastercard.
More approvals are being done in-store, thus more accounts. HSBC limits from what I've read are a little better than the standard from HSBC, and some have AF's, and others not.
From a business stand point, Sears should have done this long ago.
on 2010-10-03 Congrats! HSBC picked up with the Sears Mastercard after they found out that Citi was denying over 70% of the credit applications for possible new credit with Sears.
As some may know, Citi is not the easiest to be approved for, and I believe it might be the same thing as the Discover card, who bumps the application over to HSBC when denied for their card. Citi still offers the Sears Mastercard.
More approvals are being done in-store, thus more accounts. HSBC limits from what I've read are a little better than the standard from HSBC, and some have AF's, and others not.
From a business stand point, Sears should have done this long ago.
Comment 2 by wanderer
Re: Shocked To Be Approved. on 2010-10-03
Congrats! Good to see credit coming back to the world. Enjoy your new Mastercard.
on 2010-10-03 Congrats! Good to see credit coming back to the world. Enjoy your new Mastercard.
Comment 3 by locnguyun
Re: Shocked To Be Approved. on 2010-10-03
I'm a little confused, so HSBC has taken over sears alongside with Citi? When you're approved for the card, it should either say either HSBC or Citi right? Also, how can a person apply for Citis sears card but be approved for HSBC instead? Sorry for my ignorance, I'm still a newbie.
on 2010-10-03 I'm a little confused, so HSBC has taken over sears alongside with Citi? When you're approved for the card, it should either say either HSBC or Citi right? Also, how can a person apply for Citis sears card but be approved for HSBC instead? Sorry for my ignorance, I'm still a newbie.
Comment 4 by cfmdev49
Re: Shocked To Be Approved. on 2010-10-03
You'll know who's backing the card when you get it... It will say Citibank on the back of the card... The HSBC cards typically go to lower tier borrowers. So if you don't make the Citibank cut... Hsbc will pick you up. Sears doesn't care... They just want to get paid. The limits are usually relatively low... And geting cli's are few and far between and tend to be on the low end. But I guess it's a start... At sears tho you can easily spend 3 or 4 thousand bucks just buying stuff for your house so you kinda need a card with a decent limit... Don't think HSBC normally starts out with that much... Good luck in any event tho...
on 2010-10-03 You'll know who's backing the card when you get it... It will say Citibank on the back of the card... The HSBC cards typically go to lower tier borrowers. So if you don't make the Citibank cut... Hsbc will pick you up. Sears doesn't care... They just want to get paid. The limits are usually relatively low... And geting cli's are few and far between and tend to be on the low end. But I guess it's a start... At sears tho you can easily spend 3 or 4 thousand bucks just buying stuff for your house so you kinda need a card with a decent limit... Don't think HSBC normally starts out with that much... Good luck in any event tho...
Comment 5 by locnguyun
Re: Shocked To Be Approved. on 2010-10-04
So it will specifically say either Citi or HSBC right?
on 2010-10-04 So it will specifically say either Citi or HSBC right?
Comment 6 by rob72830
Re: Shocked To Be Approved. on 2010-10-04
Yes it will specify which bank. A couple of years ago I applied for the Citi Sears but was approved for HSBC Sears instead and found out immediately when I applied. The cli was an oddball amount also. I believe it was for $380. Right now I am up to a whopping $420. Really is a piece of crap card. Anyway good luck!
on 2010-10-04 Yes it will specify which bank. A couple of years ago I applied for the Citi Sears but was approved for HSBC Sears instead and found out immediately when I applied. The cli was an oddball amount also. I believe it was for $380. Right now I am up to a whopping $420. Really is a piece of crap card. Anyway good luck!
Comment 7 by islandlo36
Re: Shocked To Be Approved. on 2010-10-04
The papers I received from the Sales Rep says Citi bank and she did say Citi MasterCard. She said Hsbc only issued the Sears store card. I was approved on 9-28-10. Still waiting for my new card.
on 2010-10-04 The papers I received from the Sales Rep says Citi bank and she did say Citi MasterCard. She said Hsbc only issued the Sears store card. I was approved on 9-28-10. Still waiting for my new card.
Comment 8 by locnguyun
Re: Shocked To Be Approved. on 2010-10-05
I know my BB store card is back by HSBC. They recently gave me $400 CLI. Well thanks for the informations!
on 2010-10-05 I know my BB store card is back by HSBC. They recently gave me $400 CLI. Well thanks for the informations!
Comment 10 by colonative
Re: Congrats! on 2010-10-06
If it is a Citibank issued card it will have the Citi Arc on the front and the BIN will be 5121. If it is an HSBC issued card it will be called Sears Solutions MasterCard.
Thomas said that Sears should have offered the HSBC card a long time ago for the subprime borrowers... Actually, Sears should never had sold off their credit division-then they could have had full control in the first place.
on 2010-10-06 If it is a Citibank issued card it will have the Citi Arc on the front and the BIN will be 5121. If it is an HSBC issued card it will be called Sears Solutions MasterCard.Thomas said that Sears should have offered the HSBC card a long time ago for the subprime borrowers... Actually, Sears should never had sold off their credit division-then they could have had full control in the first place.
Comment 11 by islandlo36
Re: Shocked To Be Approved. on 2010-10-08
I got my new credit card in the mail today guys. It is indeed a Citi Mastercard from Sears. I don't understand why everyone has been so skeptical. I have been taking great care with the credit I do have and that is why I've been rewarded. I've been using less than 20% of my available credit.
on 2010-10-08 I got my new credit card in the mail today guys. It is indeed a Citi Mastercard from Sears. I don't understand why everyone has been so skeptical. I have been taking great care with the credit I do have and that is why I've been rewarded. I've been using less than 20% of my available credit.
Comment 12 by wanderer
Re: Shocked To Be Approved. on 2010-10-08
Part of the confusion in all this comes from the switching around between credit suppliers/banks (vendors). Often you will find one creditor managiing the department store cards while another creditor is handling the Merchant's Mastercard Visa or American Express accounts. To make it even more confusing, there has been some further switching since the economy dumped and the banks have shared some of what I just said was seperate and changes in who was doing what. Even between creditors from Canada to the US (i. E. Best Buy was in this one) and it goes on... So different people get cards from the same store at different times and the credit backer banks have changed (i. E. Target Stores). So people don't even realize all these changes have taken place and only know what they know. There that said, you are doing a great job of getting yourself back where you wanted to be. Congrats! Keep on truckin'.
on 2010-10-08 Part of the confusion in all this comes from the switching around between credit suppliers/banks (vendors). Often you will find one creditor managiing the department store cards while another creditor is handling the Merchant's Mastercard Visa or American Express accounts. To make it even more confusing, there has been some further switching since the economy dumped and the banks have shared some of what I just said was seperate and changes in who was doing what. Even between creditors from Canada to the US (i. E. Best Buy was in this one) and it goes on... So different people get cards from the same store at different times and the credit backer banks have changed (i. E. Target Stores). So people don't even realize all these changes have taken place and only know what they know. There that said, you are doing a great job of getting yourself back where you wanted to be. Congrats! Keep on truckin'.
Comment 13 by islandlo36
Re: Shocked To Be Approved. on 2010-10-09
@Wanderer, thanks for your encouragement! It is much appreciated.
on 2010-10-09 @Wanderer, thanks for your encouragement! It is much appreciated.
Comment 14 by ari
Re: Shocked To Be Approved. on 2010-10-12
I do apologize for being skeptical. Enjoy your new Sears card from Citibank. Citibank is a prime lender and very conservative in its lending practices. If you have earned a credit card from them, you must be doing pretty well. I again wish you continued sucess with your future financial endeavors.
on 2010-10-12 I do apologize for being skeptical. Enjoy your new Sears card from Citibank. Citibank is a prime lender and very conservative in its lending practices. If you have earned a credit card from them, you must be doing pretty well. I again wish you continued sucess with your future financial endeavors.
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Disclaimer: This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citibank. Review content is powered by Finance Globe.
