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The Offer
No direct link to offer
- Citi has sent out some spending offers to Citi Sears cardholders. Here are some of the offers seen:
- Earn 10,000 ThankYou points when you spend $1,000 or more between July 29th and September 26th, 2019.
The Fine Print
- Varies by offer
Our Verdict
Interesting that some people have this offer and also a previous offer for 5X after $2,000 in purchases up to 25,000 TYP per month, bonuses are stackable making this even better. Massive offers like this are one of the reasons this is the #1 rated store credit card.
Hat tip to Yet Another Redditor
Anybody know how long these offers take to post? I got a small March-April offer that posted in my June statement.
I got a much better offer for May-June, but I’ve been waiting for it to post and nothing has shown up yet. Fine print says “Please allow 2 billing cycles after the end of the promotional period for the statement credit to be added to your account.” It’s October now and I don’t see anything.
I just got the 18mo free financing and 5% statement credit offer for transactions that are single purchases that are $549+ and are NOT booked at Sears, K Mart, Lands End and other affiliates. Those probably stack with other offers. Timeline on my offer is good til 1/31/20.
Thanks for the heads up! Logged into my account yesterday and saw a banner for 10x on all purchases up to $500, i clicked to activate it. Log in again this morning and i see another offer for 15x up to $500 on gas, grocery, and restaurants. hoping these stack and i can just make a single grocery store purchase to meet spend.
Could someone answer me here: Who pay those promotions? Sears (aka Eddie Lampert) or Citi? If Sears, why they burn cash on this? If Citi, why not put more promo money on more lucrative cards like Costco cards?
Cit and the Sears card is insanely profitable for them so probably why these sorts of offers get sent out
@William Charles how could this card insanely profitable? Sears is a dying brand. This card is no material difference from other cards.
The card member base is very profitable for them.
William Charles This is not making any sense either. Sears’s customer base is the most “profitable” customer among all Citi Customers? I highly doubt about it. This card has a higher transaction fee than other cards? Nope.
I’m not sure what to tell you. This card base is insanely profitable for Citi, they have talked about it multiple times. Why do you think Citi gave sears $200 m?
This is simply a guess but
1) Due to Sears’ history, generations of people have signed up for a Sears Credit Card. I am not surprised if there are millions of Sears Credit Card out there with more people having a Sears Credit Card than any other credit card in Citi’s CC portfolio.
2) Citi basically paid penny on the dollars for the millions of card holders. No expensive sign up bonuses or other such perks
3) When Sears signed the new CC deal with Citi, I suspect that Sears agreed to give up nearly all the CC fees that they would had gotten from transactions in exchange for a big upfront payment.
They have a bizarre Sears cust base that pays 27% on revolving balances, and only defaults to the tune of 6-7%, currently. That’ll change at some point though. Churners can sort of hide among all the paycheck to paycheck revolvers who are the typical Sears card clients.
They replaced my Sears MC with a ShopYourWay MC a few months ago. I thought they did that for everyone, but apparently not.
Does your card earn TYP or SYW points? Mine earns TYP and I received a notice about the conversion but just last week I had to have a replacement card issued due to an attempted account breach and was sent another Sears Mastercard. Perhaps it will be converted at a later date although in speaking to customer service they said I can keep the TYP rewards even after the conversion.
should I apply for this card….? I’m really tempted to
Yes, then convert it to earning Thankyou points.
There’s been a few reports that the conversion to the TYP card is no longer possible.
I wonder if I should try.. hmmm. thanks Steve and Mr G!