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Sainsbury’s improves 0% interest credit card

Sainsbury’s improves 0% interest credit card

Category: Credit cards
Date: 31/01/2017

Sainsbury's Bank has increased the introductory 0% interest term on its balance transfer and purchase credit card, which sees it move up the Best Buy chart for its sector and earn the highest Moneyfacts rating.

The basics…

The Sainsbury's Bank Nectar Dual Offer Credit Card MasterCard now boasts an introductory interest-free term of 28 months on both purchases and balance transfers, making it the joint market-leader for its terms. It comes with an introductory balance transfer fee of 3.00% (min £3.00).

The finer details…

After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.95% with the same 3% fee, while standard purchases will be charged at 18.9% APR.

As an added bonus, new customers will be able to earn 5,000 bonus Nectar points if they spend £250 on Sainsbury's shopping or fuel within 40 days from account opening (offer expires 26.03.2017). In general, loyal Sainsbury's shoppers will be delighted by the two Nectar points earned on every £1 spent on Sainsbury's shopping or fuel, with one Nectar point earned for every £5 spent elsewhere.

Borrowers must be at least 18 years old and should remember that rates are representative and dependent on credit ratings.

Why we like it…

The increased interest-free period on both purchases and balance transfers has certainly made this credit card even more appealing, with the Nectar points making it particularly enticing to Sainsbury's shoppers. It has therefore easily managed to move up the Best Buys and deserves our highest 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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