The Sears Credit Card Payment refers to the payments that need to be made by the consumer into the Sears Credit Card Account to keep availing of the services of the Sears Credit Card that is in fact issued and circulated by the Citibank (South Dakota), N.A.
The consumers of the Sears Credit Card services have to make payments towards different fees and charges that are levied by the Citibank (South Dakota), N.A. The Citibank (South Dakota), N.A. imposed fees and charges towards the Sears Credit Card Payment include the following :
A variable Annual Percentage Rate (simply, APR) for total purchases is charged an amount of just over 25 percent over all kinds of purchases made during a single billing cycle using the Sears Credit Card.
The variable Cash Access Annual Percentage Rate of just over 26 percent is applied only to a few select Sears Credit Card account.
All the APRs that are levied upon the different types of Sears Credit Card accounts may rise up to a default APR that is over 30 percent, if the Sears Credit Card Payment has not been made within the regulated time period by the Sears Credit Cardholder in question, to the Citibank (South Dakota), N.A.
Different APRs are calculated upon the U.S. Prime Rate that is released in The Wall Street Journal, and these may therefore vary in every billing cycle.
The Sears Credit Card Payment that is made by the Sears Credit Cardholders are subjected to a grace period of a minimum of twenty days, provided the Sears Credit Card Payment is made in full by the due date of every billing cycle.
The Sears Credit Card Payment also includes a 3 percent fee that is imposed upon transactions such as cash access and the transfer of balances, to a minimum of USD5.
The Sears Credit Card Payment that have to be paid by the credit cardholders for different credit balances include :
Sears Credit Card Payment of USD15, for Credit balances up to the amount of USD50.
For Credit balances up to the amount of USD1000, a Sears Credit Card Payment of USD29.
Those with credit balances over USD1000, are liable to make a Sears Credit Card Payment of USD35.
However, no Sears Credit Card Payment have to be made by consumers of creditcard services by way of Annual fees.