The Sears Credit Card exchange rate is Mastercard's exchange rate on the date you make a purchase, plus any foreign transaction fees. While Mastercard exchange rates change daily, the Sears Credit Card foreign fee is always 3% of the transaction.
It's best to use a credit card with no foreign transaction fee when making purchases from international merchants. As long as you have such a card and avoid dynamic currency conversion, the exchange rates you'll pay on international spending with a credit card will be much lower than those you'd get from converting cash with banks, credit unions, or airport currency exchange services.
The Sears Credit Card interest rate is 25.99% (V). This Sears Credit Card interest rate is variable, meaning it can change based on certain economic conditions.
The Sears Credit Card gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Sears Credit Card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.… read full answer
In addition to the regular interest rate, Sears Credit Card also charges a separate 27.90% (V) interest rate on cash advances. All Sears Credit Card interest rates will be listed on your statement and on your online account summary.
The Sears Credit Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the Sears Credit Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Sears Credit Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Sears Credit Card credit score requirement. You can check your credit score for free on WalletHub.
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