0% purchase term is extended to win chart place | Product News - Moneyfacts

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0% purchase term is extended to win chart place

0% purchase term is extended to win chart place

Category: Credit cards
Date: 20/10/2015

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 It is now over 6 months old so the content may be out of date.

Sainsbury's Bank has boosted the length of its introductory purchase term on its 0% purchase credit card to 25 months, cementing its position in the Moneyfacts charts.

The basics…

Nectar Purchase Credit Card MasterCard now has a 25-month interest-free purchase term, enabling it to hold a coveted place in the charts. It also offers borrowers a 0% balance transfer term for 18 months, which carries a 3.00% fee.

The finer details…

Once the introductory offers expire, standard purchases will be charged at 18.9% APR while balance transfers will carry a charge of 18.95% per annum along with the 3.00% fee.

Borrowers must be at least 18 years old and Nectar cardholders in order to apply. Applications can be made by phone or online. As an added bonus, borrowers will earn 2 Nectar points for every £1 spent in store or on Sainsbury's fuel and 1 point for every £5 spent elsewhere using the card.

Borrowers should remember that rates are representative and dependent on their credit rating.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian CreditExpert to investigate your credit report.

Why we like it…

The extension to this card's 0% purchase term is sure to catch the attention of borrowers who are looking to spread the cost of their borrowing. The added bonus of extra Nectar points further sweetens the deal for shoppers and ensures that this card fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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