posted on
July 08, 2010 at 06:10PM
Sure.
When a purchase is made, and the SYWR card is presented, 10 points will be applied to the account per dollar spent. When you redeem points, every 1000 points will equal $1. So, a $100 purchase will yield 1000 points, which will yield $1 of rewards upon redemption. So, still 1%. Points will expire 1 calendar year from the date they're earned. So, if you earn 10,000 points today, they'll expire July 8, 2011. I believe, if memory serves, that SYWR converts to points July 9 (tomorrow).
There is also a test in certain markets (including mine - YAY!) for a supplemental program called Xtreme Points, where certain items will yield much larger amounts of points. There are restrictions to the program, as with anything, but the rewards available can be pretty impressive. I don't know that I can divulge all the details yet, as it hasn't been fully rolled out yet, so I'll just keep it at that.
If you happen to be in one of the test markets - and I don't know which markets are part of the test other than mine - then watch the Sears flyers for the next couple weeks. If, by the end of July, you haven't seen Xtreme Points, you'll know you're not in one of the test markets. If it proves successful, you may see Xtreme Points rolled out on a nationwide scale.
I know there have been lots of discussions within the company about expanding the role of SYWR, and this is one of the first steps. Hopefully, more ways of utilizing the SYWR program can be developed, to increase convenience and savings for our customers. This is just another way Sears is working to improve the shopping experience.