With the Sears MasterCard earn 2 Sears Club Points for every dollar spent at Sears and 1 Sears Club Points for every dollar spent everywhere else. Sears Club Point members also receive special Sears offers, promotions and invitations to events allowing the cardholder to earn rewards points faster. Points can be redeemed for travel through Sears Travel, gift certificates and anything at Sears. Upon approval card holders will receive a $10 Sears gift card as a bonus. There is no annual fee for this card and it comes with no included insurance benefits.