HOFFMAN ESTATES, Ill., Feb.1,
2017 /PRNewswire/ -- Citi Retail Services and Sears Holdings
announced the launch of the Sears Mastercard with Shop Your Way,
available today. With an industry-leading 5-3-2-1 rewards offer,
customers can earn rewards points on all purchases everywhere they
shop. The Sears Mastercard is powered by Citi Retail Services, one
of the country's largest and most experienced private label and
cobrand credit card issuers.
Starting today, all new Sears Mastercard customers can earn more
Shop Your Way points on a complimentary basis for 12 months from
the date the account is open, which include:
- 5% back in points on eligible purchases made at gas
stations;
- 3% back in points on eligible purchases at grocery stores and
restaurants; [5% and 3% back on the first $10,000 of combined eligible purchases made on
gas, groceries and restaurants and 1% thereafter]
- 2% back in points on eligible purchases made at Sears and
Kmart; and
- 1% back in points on all other eligible purchases.
Shop Your Way points can be redeemed on purchases ranging from
everyday household products to larger items such as kitchen
appliances sold by Sears and Kmart in store or online and on
ShopYourWay.com. These rewards points can also be used in
combination with in-store promotions at Sears and Kmart.
"We are delighted to partner with Sears Holdings and announce
the Sears Mastercard with the Shop Your Way offer," said
Bill Johnson, Citi Retail Services'
Chief Executive Officer. "This attractive rewards offer will
deliver high value for customers with every purchase, anywhere they
choose to shop."
"The best-in-class Sears Mastercard with Shop Your Way is a key
component of Sears Holdings' transformation as it delivers greater
value for our Shop Your Way members and rewards them for activity
in their daily lives," said Edward S.
Lampert, Chairman & CEO of Sears Holdings. "The
initial public response for the Sears Mastercard with Shop Your Way
has been very strong based on the waiting list of prospective
cardholders created for this innovative offer. We look forward to
building on this momentum for our Shop Your Way ecosystem and
adding new ways for our members to earn rewards and make their
lives easier."
In addition to the enhanced Shop Your Way rewards offer, the
Sears Mastercard also provides a broad range of built-in,
comprehensive benefits, including:
- No annual fee
- Special financing offers at Sears and Kmart
- Exclusive cardholder savings events
- Statement credit offer for new accounts
- EMV technology
- Credit and account protection
- $0 Liability on Unauthorized
Purchases
- Citi Identity Theft Solutions
More than five million existing Sears Mastercard holders began
receiving the new 5-3-2-1 Shop Your Way offer in November 2016. Newly designed Shop Your Way
branded cards will be issued to these cardholders beginning in
March.
To learn more about the Sears Mastercard with Shop Your Way, or
to apply, please visit www.shopyourway.com/card.
About Citi
Citi, the leading global bank, has
approximately 200 million customer accounts and does business in
more than 160 countries and jurisdictions. Citi provides consumers,
corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and
credit, corporate and investment banking, securities brokerage,
transaction services, and wealth management.
About Sears Holdings Corporation
Sears Holdings
Corporation (NASDAQ: SHLD) is a leading integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve our members - wherever, whenever and however
they want to shop. Sears Holdings is home to Shop Your Way®, a
social shopping platform offering members rewards for shopping at
Sears and Kmart, as well as with other retail partners across
categories important to them. The Company operates through its
subsidiaries, including Sears, Roebuck and Co. and Kmart
Corporation, with full-line and specialty retail stores
across the United States. For
more information, visit www.searsholdings.com.
About Shop Your Way
Shop Your Way® , a
business unit of Sears Holdings (NASDAQ: SHLD), is a free social
shopping destination and rewards program offering millions of
products, personalized services, and advice. The program rewards
members for buying the products and services they want every
day. Through an extensive network, members can shop thousands
of top brands and earn points to use on future purchases. Members
also have access to special pricing, sales and digital coupons that
can be loaded directly into their account.
It's free and easy to become a Shop Your Way member and begin
enjoying benefits immediately when you visit shopyourway.com.
Download the free Shop Your Way app on iTunes or Google
Play.
Media Contacts:
Deirdre Leahy, Citi
212.559.3296
deirdre.leahy@citi.com
Howard Riefs, Sears Holdings
847.286.7562
howard.riefs@searshc.com
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SOURCE Sears Holdings; Citi Retail Services