Sainsbury’s credit card on song - Credit cards - News - Moneyfacts


Sainsbury’s credit card on song

Sainsbury’s credit card on song

Category: Credit cards

Updated: 22/09/2009
First Published: 22/09/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Changes to the Sainsbury's Finance Mastercard credit card have sent it soaring towards the top of the charts.

The standard purchase rate has been reduced and 0% introductory purchase deal extended for online applications, making it one of the market leading introductory deals around.

The purchase rate has dropped to 1.24% per month, 15.9% APR, while the introductory 0% purchase deal has been extended from the first three months to ten.

Already offering a deal on balance transfers of 0% for ten months, the changes make the card perfect if you're looking to make both purchases and balance transfers over the ten month term, as the order of repayments will have no detrimental effect on any savings.

Its all round performance earns the product four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

It’s looking to be a credit Christmas

We are now less than 70 days away from Christmas, and with 70% of people admitting they haven’t started saving yet, millions will be needing to play catch-up - and plenty planning to turn to credit for some Christmas spending relief.

Can no credit score be as damaging as a bad one?

Debt is becoming an increasing problem, which is why those who have no credit commitments often feel pretty smug about it. However, while not relying on credit is admirable, having no credit score can actually be just as damaging as having a bad one.

Know your credit score – key to better borrowing

We all know how important it is to be credit savvy. It’s the only way to make credit work, which is why it’s so concerning that so few people know their credit score – and some don’t even know how much they’re borrowing.