Thread regarding Sears layoffs

What happens to points in instalments?

From the spend x get x in instalments, Will we still get them?

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Post ID: @OP+VzRD8lp

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All those installment points will be gone. Why do you think they just started that idea in the last 6 months? They knew they were going down and that was a way to not pay out points all at once and kick them down the road when they knew they would be BK

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Post ID: @1wbz+VzRD8lp

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No wonder this company is failing. They have complete mo--ns running the show.

"...What about my points?....."

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Post ID: @uue+VzRD8lp

If it’s chapter 11 you will continue to get them as it’s marketing. If it goes 7, goodbye

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Post ID: @wxf+VzRD8lp

No. Points have no cash value. Providing points or allowing customers to spend them would impact potential debt recovery by secured creditors. They would have to allow it, which is extremely unlikely. Sears could get permission from the court to continue doing business and marketing, perhaps extending a brief window to cash out points. But future point awards seem doomed.

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Post ID: @mnq+VzRD8lp

I would spend any points you have & use any gift cards. You are taking a definite chance on installment points & I would not buy a p.a. either.

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Post ID: @thb+VzRD8lp

glad i spent the last of my points yesterday

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Post ID: @ygf+VzRD8lp

They are a debt, but it depends on the bankruptcy court's interpretation. Since gift cards are wiped out, and that represents real debt, my guess is they will not be honored.

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Post ID: @nxx+VzRD8lp

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