Sears, Roebuck and Co. has hit another roadblock in its quest to join a nationwide bank card association.

MasterCard International on Monday said it rejected the Chicago retailer's application to issue MasterCards through Mountainwest Financial, a Utah thrift it bought in 1990.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.