Sears Informative - Rip Off Interest Rate
SHEBOYGAN, WISCONSIN -- I have had a credit card with Sears for Over 30 years. My wife and I have spent thousands of dollars on appliances, clothing, and other things. We have Never been late on a payment, always paid more than the standard payment and have a credit score 0f over 800. Our interest rate was 28%. We called a supervisor and asked if they would lower it. To our surprise, the answer was NO. They told us that Sears gave great deals so therefore they would not lower the rate.
I told them we would pay them off in full immediately and cancel the card. They said fine. We did just that and have taken our business elsewhere.