Sainsbury’s introduces new credit card offers
Two new offers are now available: the market’s longest ever balance transfer and purchase credit card, both for 18 months, and a card offering 0% interest on balance transfers for 33 months.
According to research by MoneyComms.co.uk, the new Sainsbury’s Nectar Purchase Credit Card offers the longest combined 0% interest period for both balance transfers and purchases. It is also the first card to ever offer such favourable terms even before the value of its reward scheme is considered.
The research also shows the new Sainsbury’s Nectar Balance Transfer Credit Card offers the joint-longest 0% interest period for balance transfers.
Simon Ranson, Head of Banking, Sainsbury's Bank said: “Our new credit card offers reinforce our commitment to providing good quality, competitive products that add value by rewarding our customers each and every time they use their card.”
The new Sainsbury’s Nectar Purchase Credit Card offers:
0% interest on purchases for 18 months
0% interest on balance transfers for 18 months
3% balance transfer fee
No Cash Advance fee on Sainsbury’s Travel Money purchases
Double Nectar points on all Sainsbury’s shopping – online and instore – and two Nectar points per £1 spent on Sainsbury's fuel (plus 1 point per litre when the customer also swipes their Nectar card)
One Nectar point for every £5 spent when the card is used anywhere outside of Sainsbury’s
The new Sainsbury’s Nectar Balance Transfer Credit Card offers:
0% interest on balance transfers for 33 months
0% interest on purchases for six months
3% balance transfer fee
No Cash Advance fee on Sainsbury’s Travel Money purchases
Double Nectar points on all Sainsbury’s shopping – online and instore – and two Nectar points per £1 spent on Sainsbury's fuel (plus 1 point per litre when the customer also swipes their Nectar card)
One Nectar point for every £5 spent when the card is used anywhere outside of Sainsbury’s
To keep the promotional rate, customers must pay at least the minimum payment by the due date and stay within their credit limit. Nectar rewards listed above are available on all Sainsbury’s Bank credit cards currently available.
For information on all Sainsbury’s Bank credit cards, visit sainsburysbank.co.uk.