Sears trick and trying to get at customers with their promotion of one year no payment and interest.
First, I signed up for 1 year no payment/ no interest credit card to buy appliances. In addition, I bought a shoe for $3 while I as at Sears.
The thing is that I made sure by asking if I should pay it in cash or a clerk suggested me to use the card. So, I did. When the first bill came, I called Sears to make sure if I have to pay the balance because this is my first time signing up for promotion like this. And the representative said I should ignore all the balance if I signed up for the program.
Three months later, I noticed that the balance got really higher. In the following week, I got a notice letter saying that I am not paying the bills.
As soon as when I found out, I paid all the bill plus $1000 of finance charge.
But, the Sears reported to credit bureau for late payments. I tried to fight for it and I found out why my agreement for 1 year no payment/ no interest was cancel. The reason is why I did not pay my $3 for the shoes and the the whole agreement was canceled.
I never had a problem with credits till now.
Now, my credit score is bad because of it.
So, Please do not fall for the Sears's trap. Stay away from SEARS!!
Review about: Sears Credit Card.
Monetary Loss: $1000.