HSBC still affiliated with Sears credit card
LA in Pennsylvania said: “I work at Sears. You post that Sears is no longer affiliated with HSBC. This is wrong. Sears currently has two banks running their credit cards: Citibank and HSBC. When a customer applies for a Sears Card, his credit report is first run by Citibank. If Citibank approves him, then he never has any contact with HSBC, but if Citibank is unable to approve him for a Sears Card, his credit report is then run by HSBC. This is automatic. If the customer is approved by HSBC, he is given a preapproved offer for a Sears Solutions Card by HSBC. The customer is given the chance to refuse or accept the offer. Most people accept. The majority of people who apply for Sears Cards are either approved by Citibank or denied by both. But I would say about 15% of applicants do end up being offered an HSBC card.”
Editor’s note: We knew HSBC had an association with K-Mart, but lost track of the situation when Sears and K-Mart became one. Our apologies.
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