gul hes already wound too tight dont feed the troll

Citi - You're dead on. I thought this was a joke until I called Sears card today. They swore that I was sent a notice---but I know better! There was never a note telling me some new yearly fee is going to be added to my card. I told em if that happens I will just cut the card up. The dude culd care less! The supervisor was even worse..........Its like they just WANT me to close this account out. Anybody finding out the same thing?

Hi MikeMechanic- At Sears, the customers' satisfaction is important and they have pledged to stand behind them now more than ever, in the face of recent legislative and regulatory changes (CARD Act and UDAP).

As a result of these new regulations, banks are making changes to their credit terms and conditions. Plus, many banks - including those that issue the Sears credit card - are making significant changes that will have a direct impact on all card holders including raising interest rates and lowering credit lines.

Beginning this fall, Sears pledges to offer cardholders more savings options, more benefits and more flexible financing. One important new-and exclusive-benefit to cardholders is the ability to get and track their credit score at no additional cost.

Well, that's good. Does "No addtional cost" mean that this annual fee is going away? I'm not willing to pay $50 to get my credit score.

My Kohl's statement today (Chase Bank) had changed rates too - like the regulations you spoke of. There's no annual fee, though.....

I don't need no flexible financing - just a store card without annual fees. Do you people have that part fixed yet, or do you plan to accept Kohl's charge?

Let's not forget about the fantastic alternative of the new, innovative, layaway program described on page 1.

Why don't we all just suck up these new $50 annual Sears Card account fees? It certainly doesn't seem to offend any readers on this site besides Mike.

I-Hate-Citibank said…

Let's not forget about the fantastic alternative of the new, innovative, layaway program described on page 1.

Why don't we all just suck up these new $50 annual Sears Card account fees? It certainly doesn't seem to offend any readers on this site besides Mike.

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cancel your card and shut the hell up or atleast change that broken record of yours its getting old

The reality is it has annoyed others, and you can read their comments in the forums on credit card review sites. However, the other reality is not everyone was impacted. I was told it's a bit of a test, and only a certain segment of holders were impacted.

The most annoying thing to me is that they couldn't tell me for sure that I wasn't impacted. I don't believe I was, but I want to be sure I didn't misplace a letter. I'll probably cancel in December if they can't tell me for sure then. But, what can you do? People will speak with their cancellations.

B of A goes to annual fees...

"Annual fees for credit cards are a rarity today, but more cardholders may soon have to decide between paying them or forfeiting their cards. Bank of America this week said it's "testing" annual fees of $29 to $99 on select customers starting next year."

http://www.google.com/hostednews/ap/article/ALeqM5jH5t2u9Xw6xStEwoV-sBkSG1ZjWQD9BBPKV00

Today Citibank still advertises Citibank Mastercard and Sears Card with no annual fee.

http://www.citibank.com/us/cards/srs/credit_options.jsp

It's only available through in-store sign up.  What's the real deal?

I never got a letter either saying there will be a fee come the new year. I don't remember getting the letter saying they were taking my intrest rate from 13% to the 24.99% they are charging now. I always paid my bill on line and they never e-mailed me the info, and on the online statement it had never given me tthe new intrest rate so it took me months to realize what Sears/ Citi had done. I'm sure they will be adding that fee to my account too. I have good credit, so there should be no issues with my account. They do keep changing the due date and this last month I was hit with a late fee since it was one day late since they changed the date again. My other credit card through RCU doesn't do this and my intrest rate from when I first got it has gone down to 8% now and it is a rewards card with no fees. I will no longer do any business with sears. They can say it's citi bank but it sears who doesn't switch banks. Sears has the power to tell citi to shove it and do what they want. But Sears doesn't care.

New, "Platinum" cards are coming.

My new Sears card statement came yesterday, and I saw nothing unusual on it to pi** me off.

Read the change of terms and disclosure forms that Citibank sent out in September to all Sears Mastercard holders. The new rates (yes, the annual fees) don't start until January, dog!

If you can't find the notice, call 'em up and ask them. That's what they explained to me.

The new Platnum thing is a joke too, Same terms are the gold card, just some new gimmicks so they can tell you that you're "getting something" in exchange for the $50 annual account fee.

Yeah, but with the Platinum, your $50 yearly fee gets you a look at your credit score.