I'll try to answer for Shop Your Way Mastercard, I'm not sure about the other variants.
Originally Posted by
EasternTraveler
I am considering pulling the trigger on this card.
1. What is the best sign up offer available?
I think 225:
Citi Sears/Shop Your Way Card: Signup & Get $225 Cash Bonus With $1,500 Spend - Doctor Of Credit
Originally Posted by
EasternTraveler
2. Is the only redemption method for the points a gift card?
Yes, but some of the promotional offers are for statement credit