What is the Sears Credit Card balance transfer fee?

The Sears Credit Card does not allow balance transfers. In general, balance transfers allow you to shift high-interest debt from your current account to another issuer's credit card and pay off the balance, presumably at a reduced interest rate.

For a look at some of the top balance transfer cards on the market, check out WalletHub's … read full answerBest Balance Transfer Credit Cards page.

How to Choose a Balance Transfer Card

The objective of a balance transfer is to save money on interest, so you will want a card with a low introductory APR on balance transfers. Just be sure to pay off the transferred balance in full before the introductory rate expires. Otherwise, the remaining balance will accumulate interest daily at the card's regular APR.

You can find out how much a balance transfer card with a low intro APR will save you in interest charges by using WalletHub's balance transfer calculator. This tool will also recommend credit cards that may help you save money and get out of debt faster.

You can check your Sears Credit Card balance in the following ways:

• Online by signing in to your Sears Credit Card account.
• Through the issuer’s mobile app available both on iOS and Android.
• Over the phone by contacting Sears Credit Card customer service at (800) 917-7700.

Online is the fastest, but if you can't get online, a representative will be happy to help over the phone as well.… read full answer

No, you cannot do a balance transfer to a checking account from your credit card. A credit card balance is a debt that you owe. A checking account balance is an asset that you own. And a credit card balance transfer is when you use a credit card to pay off an existing debt, from another credit card or loan, in order to get a reduced interest rate. There is such a thing as a … read full answerbalance transfer check, but those are given out by credit card companies to perform balance transfers. They can’t be deposited into checking accounts. Typically, you can’t transfer money from a credit card to a checking account without doing a cash advance.

Tapping into your credit line to get cash and transferring the funds into a checking account is considered a cash advance. One example of this is writing a credit card convenience check to yourself and depositing it in your checking account.

If you make a cash advance, the transaction will incur a high fee (along with any ATM fees). Cash advances also accrue interest at a high rate – usually higher than the card’s regular APR – and have no grace period, so interest starts accruing right away. For more information, you can check out WalletHub’s guides on balance transfers and cash advances.