Consumer Payment Card News

Kmart MasterCard

Kmart has switched the “Blue Light” on for a new MasterCard. Capital One and Kmart are hitting the mailboxes across the country with a new co-branded bank credit card. The new Kmart MasterCard combines the store card benefits with MasterCard’s global acceptance. Kmart MasterCard cardholders will receive benefits such as special promotions and a 0% interest rate for six months on all Kmart purchases made with the new MasterCard. Furthermore, all purchases made with the Kmart MasterCard at Kmart’s Web site ( can be returned or exchanged at any local Kmart store. The APR for non-Kmart purchases and for Kmart purchases after the intro period is prime +10.3%. There is no annual fee for the new MasterCard. However accounts 30+ days past due will incur a $4 monthly membership fee. Consumers can apply for the Kmart MasterCard via 1. any Kmart store (except Puerto Rico, Guam, and the US Virgin Islands); 2. Phone at 1-800-GO-KMART; 3. Online at; or 4. by responding to the offer in your mailbox.

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