NEW YORK and HOFFMAN ESTATES, Ill., Oct. 26, 2016 /PRNewswire/ -- Starting
November 1st, more than five million
current Sears MasterCard holders whose cards are linked to the Shop
Your Way program will earn more Shop Your Way points at many of
their favorite places. 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.
These Sears MasterCard holders will automatically earn more Shop
Your Way points on a complimentary basis through December 31, 2017, including:
- 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.
Points can easily be redeemed on purchases ranging from everyday
household consumables to larger items such as kitchen appliances
sold by Sears and Kmart in store or online and on ShopYourWay.com.
There is no minimum redemption threshold and no need for
certificates or gift cards – members can see their points online or
on their Shop Your Way app and instantly redeem them towards their
purchases in store or online. Points earned with the card are also
combinable with other Shop Your Way point offers through Shop Your
Way partners such as Uber, Liberty Mutual Insurance, Pure Talk,
Groupon, Avis Budget Group and more. Visit shopyourway.com/partners
to view current partner offers.
"We are pleased to partner with Sears Holdings to bring this
innovative new Shop Your Way offer through the Sears MasterCard to
market," said Bill Johnson, Citi
Retail Services' Chief Executive Officer. "This offer delivers the
highest value on those categories that are most important to
consumers and provides cardholders with the opportunity to earn
considerably more Shop Your Way points in more places."
"By deepening our longstanding relationship with Citi through
this important partnership, it enables us to deliver a
best-in-class offer that rewards Shop Your Way members for activity
in their daily lives," said Edward S.
Lampert, Chairman & CEO of Sears Holdings. "We are
focused on making the card a core element of the Shop Your Way
member offering as it supports the program's generous rewards,
partnerships and experiences. Enhancing Shop Your Way benefits for
Sears MasterCard holders is the latest step in the evolution of the
Shop Your Way program and is another example of how we are
transforming Sears Holdings to focus on serving our members in a
wide variety of ways."
In addition to the enhanced Shop Your Way rewards benefits, the
Sears MasterCard also provides a broad range of built-in,
comprehensive benefits, including:
- Special financing offers at Sears and Kmart;
- Exclusive cardholder savings events;
- EMV technology;
- Online account access; and
- Zero liability on unauthorized purchases.
The more than 5 million Sears MasterCard holders will
automatically receive the new 5-3-2-1 Shop Your Way offer on a
complimentary basis starting November 1st,
2016, through December 31,
2017. Newly designed Shop Your Way branded cards will be
issued to members starting March
2017.
The new offer will also be made available to existing Shop Your
Way members and new members early next year. Those who are
interested in the 5-3-2-1 offer can visit www.shopyourway.com/card
to request an application.
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 Corporation