[ANALYSIS] Using Sears Club Points

Sears Canada has been on a downward spiral for a few a while now and there has even been chatter than they might shut down completely in Canada.

Below are some articles regarding the downfall of Sears in Canada:

• Is Sears Canada planning more fire sales?
• Sears Canada may be doomed but it could still be with us for years
• Sears Canada Losses Double; Weather, Store Closures To Blame

What caught my attention even more is the chatter about Sears Canada possibly being sold:

• Sears Canada may be sold by U.S. parent
• Can Sears Create Value by Cutting the Cord With Canada?
• Sears Canada for sale, but there may not be much to sell: analysts

As a result, I have decided not to earn any Sears Club points. I do not even shop at Sears, except when a store is closing and they have some great closing deals. I’ve talked a lot about diversification throughout the blog. There is a slight chance that Sears Canada can be shut down in the next few years and the loyalty program would go with it.

Keep in mind that we already seen a devaluation to its loyalty program that was effective on February 19, 2014 where we can no longer exchange Sears Club Points & Petro Points.

So I would be a little more cautious about which points I earn. For the time being, the program should be safe, but I wouldn’t wait too long to cash in the points so that you don’t risk losing all the points.

You can jump-start your Sears Club account with the following:

Chase Sears Card

• No annual fee and can only be used at Sears
• Earn $30 sign up Sears Club points
• Earn 2 points for every $1 spent on Sears purchases