Sears, Roebuck and Co., one of the biggest holdouts from credit card cobranding, has begun testing a product with MasterCard International.

The nation's second largest retailer has been promoting the card in several markets in the Midwest and Texas, with an eye to rolling it out nationwide. The card is issued by Sears National Bank, a small institution based in Phoenix.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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