Monday, May 21, 2018

Sears gets financial boost to upgrade its credit card

Chain Store Age
Sears Holdings is upping the rewards for its credit card holders.

Citi and Sears Holdings on Monday announced a long-term extension of their 15-year co-brand and private label credit card relationship along with enhancements to the Shop Your Way Mastercard rewards program. In conjunction with the agreement, Citi will pay Sears $425 million ($400 million of which has been received).

Sears said its cardholders will now enjoy benefits every day that previously were only available on a promotional basis. . . more