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You can obtain a Sears card with rates anywhere from 8 to 28 percent. It all depends where you apply and what kind of a credit risk you are and your past credit history.

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What is the average interest rate on sears credit cards?

Credit card interest rates vary with individuals' credit scores and worthiness. Sears offers three different credit card options with a stated average interest rate of 25 percent


Does the Sears Credit Card have an annual fee?

A Sears credit card does not have an annual fee charged. However the regular interest rate is approximately 22.79%. A Visa or Mastercard may give you a better option.


Does a Sears credit card have high interest rates?

"Yes - consumer reviews indicate that the Sears credit card has interest rates so high they're problematic for many card carriers. The Sears card has an APR (annual percentage rate) of 25.24%, which is very high compared to other credit cards. Sears also uses gimmicks like ""deferred interest"" to make money from customers: they offer a year-long promo period after you get your card in which there is zero interest on items purchased, but if you don't pay back the interest in full by the end of the promo period, you end up paying all the back interest for the entire year."


Is the interest rate on this credit card variable or fixed?

The interest rate on this credit card is fixed.


What are the differences between a credit card with a fixed interest rate and a credit card with a variable interest rate?

A credit card with a fixed interest rate has a consistent interest rate that does not change over time, providing predictability in monthly payments. On the other hand, a credit card with a variable interest rate can fluctuate based on market conditions, leading to potential changes in the amount of interest charged on the balance.

Related Questions

What is the average rate on sears credit card?

Credit card interest rates vary with individuals' credit scores and worthiness. Sears offers three different credit card options with a stated average interest rate of 25 percent


What is the average interest rate on sears credit cards?

Credit card interest rates vary with individuals' credit scores and worthiness. Sears offers three different credit card options with a stated average interest rate of 25 percent


Does the Sears Credit Card have an annual fee?

A Sears credit card does not have an annual fee charged. However the regular interest rate is approximately 22.79%. A Visa or Mastercard may give you a better option.


Does a Sears credit card have high interest rates?

"Yes - consumer reviews indicate that the Sears credit card has interest rates so high they're problematic for many card carriers. The Sears card has an APR (annual percentage rate) of 25.24%, which is very high compared to other credit cards. Sears also uses gimmicks like ""deferred interest"" to make money from customers: they offer a year-long promo period after you get your card in which there is zero interest on items purchased, but if you don't pay back the interest in full by the end of the promo period, you end up paying all the back interest for the entire year."


Is the interest rate on this credit card variable or fixed?

The interest rate on this credit card is fixed.


What does a low interest rate credit card do?

When something has low interest, that means basically that the payer of that interest doesn't have to pay much. A low interest rate on a credit card basically does the same thing- it gives the card holder a low interest rate over time than a card holder with a normal rate.


What are the differences between a credit card with a fixed interest rate and a credit card with a variable interest rate?

A credit card with a fixed interest rate has a consistent interest rate that does not change over time, providing predictability in monthly payments. On the other hand, a credit card with a variable interest rate can fluctuate based on market conditions, leading to potential changes in the amount of interest charged on the balance.


What is an advantage of having an interest rate credit card?

The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.


How can I find out my credit card interest rate?

You can find out your credit card interest rate by checking your monthly credit card statement or by contacting your credit card issuer directly.


Is the interest rate on a Debenhams credit card high?

The interest rate on your Debenhams credit card will be dependent on your credit score and your likelyness to pay your credit card on time. The first 6 months to years interest rate is usually free.


How do I find out my credit card interest rate?

To find out your credit card interest rate, you can check your most recent credit card statement or contact your credit card issuer directly.


What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?

1.75%