Citi® Platinum Select® MasterCard® or the Sears Mastercard
Before you apply for that store card, there are some money saving tips to learn about. Citibank is the issuer of the Sears Mastercard, so, it is important to look at the best offers that Citibank has to offer, first. Learn the downfalls of a store card vs a bank issued credit card before you apply below.Reasons you should choose a bank issued Citibank credit card vs a store credit card:
- 0% Balance Transfer Offer
- Lower Interest Rate
- Better rewards / perks
- Store cards rewards are usually exclusive to the retailers terms.
- Use your Citibank card at Sears and millions of other locations
Sears Mastercard Terms
- Your default interest rate is going to be around 25%
- There may or may not be a balance transfer offer, and if so, there may not be 0% intro apr.
- According to credit experts, store cards can lower credit scores up to 20 points, in addition to the credit inquiry ding, which results in higher interest rates on mortgages and auto loans.
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