Sainsbury’s Bank credit card - 12 month 0% deal on purchases

Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk, comments: “Sainsbury’s Bank announced yesterday that it would be increasing its 0% purchase offer from 10 months to 12 months. The standard and platinum deals were already competitive, but extending its offer to 12 months pushes its standard card to hold joint top position of the moneyfacts.co.uk best buys, along with Halifax and HSBC, with all three offering a standard revert to rate of 15.9% APR. The Platinum card offer is market leading, with the next best interest free offer at 11 months.

“These cards also come with the added benefit of a lifetime balance transfer deal at 5.94% pa, which in today's market is a pretty competitive. Combined with the 0% offer, these deals are a very attractive overall package.

“More recently card providers have been focusing their attention on the balance transfer market, with deals currently found up to 15 months. Nevertheless it’s pleasing to see more providers offering excellent deals for purchases too.

“The Sainsbury’s cards receive a thumbs up from Moneyfacts.co.uk – a five star product”