After 27 years as a "loyal" (their words, not mine) Sears credit customer, I had a credit limit of $6,500 on a card I rarely use. I would make occasional big ticket purchases and then pay them off within 6 months (I hate 30% interest).
On Saturday, April 2, I went to use my card, believing I had the same credit limit. I have a zero balance outstanding for automotive repairs. The bill came to over $1400.00. I was informed that the purchase was declined due to insufficient credit available. My limit, somehow, was reduced from $6,500 to $250 without any prior notification.
I asked them to at least consider a temporary increase, as I would have this amount paid off in three months. I have never missed a payment with Sears, and I have been a credit client since 1985. No dice.
I will never shop at Sears again, or any of their affiliates. I now shop at their competitors and pay cash.
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