Sainsbury’s gives cards a boost | Product News - Moneyfacts

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Sainsbury’s gives cards a boost

Sainsbury’s gives cards a boost

Category: Credit cards
Date: 08/09/2014

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 It is now over 6 months old so the content may be out of date.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 responded to activity in the balance transfer and purchase market by honing the terms on two of its credit cards. As a result, both cards have stepped up their game against market rivals.

The basics…

Nectar Credit Card MasterCard now has a 0% introductory offer on purchases and balance transfers for 18 months.

The terms on the Nectar Balance Transfer Credit Card MasterCard have also been improved. The card now has a 33-month introductory 0% offer on balance transfers.

The finer details…

The purchase APR on the Nectar credit card and balance transfer card now stands at 18.9%.

On the Nectar credit card, the standard purchase and standard balance transfer rates have risen to 18.95% per annum, while on the balance transfer card the balance transfer fee has increased to 3%.

Both cards benefit from Nectar point rewards. Two points are earned for every £1 spent in a Sainsbury's store, while one point is earned for every £5 spent elsewhere.

Rates are dependent upon the applicant's credit history.

Why we like them…

The Nectar credit card now has a very impressive 0% offer on purchases and transfers for 18 months, which ensures it a place in our best buy chart. Meanwhile, the balance transfer card has a very competitive 0% balance transfer period of 33 months, which makes it a joint market-leader for its sector. Both of these cards are sure to attract those keen to transfer their balances and spread the cost of their spending.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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