Sears Complaint - Credit Card APR Highjack!!
I always thought Sears was a respectable company. I got a Sears card and charged a few things. Over a year went by and I never missed a payment and all was good.
In January, I was late on a payment, 2 days late.
Sears charged me the 29 dollar late fee, which was expected...but then they raised my APR to a whopping 30%!!!
They stated that if I pay on time for the next six months, it would go back to normal. Of course, my statement was why didn't it lower for last year when I was never late. No response to that, of course.
So for six months they think they are going to literally rape me? I think not.
getting a bank loan (at 4%) paying them off and cutting up the card.
Sears, kiss my as...