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Sainsbury's Bank Credit Cards

Sainsbury's Bank offers an array of personal credit cards with features including 0% on purchases and balance transfers. In fact, almost all of Sainsbury's credit cards offer both balance transfer functionality and a 0% purchases period. Where they differ is in months of no interest on balance transfers, months of no interest on purchases and the balance transfer fee. Choosing the right card for you will depend on your individual needs. With a Sainsbury's credit card, you earn extra Nectar points when you make purchases.

Until 28 December, 2017, new Sainsbury's cardholders can earn extra Nectar points. Specifically, you can earn 1,000 bonus points every time you spend £35 or more on Sainsbury's shopping with this credit card. You're able to do this up to ten times in the first two months, earning up to 10,000 points - new cardholders only!

Sainsbury's Credit Cards

In analyzing Sainsbury's credit cards, we considered how features like 0% periods on purchases and balance transfers and balance transfer fees compare to other offers in the market.

Longest 0% on Purchases: Sainsbury's Purchase Credit Card

While the market changes regularly, the Sainsbury's Purchase Credit Card supplies a longer-than-average interest-free purchases period: 32 months. Cardholders therefore have 32 months to spread the cost of purchases without incurring any interest charges - so long as minimum payments are made on time. In addition to the interest-free period, cardholders earn 1% additional rewards on their Sainsbury's shopping and fuel, through extra Nectar points. You will earn Nectar points on other spending, too, but those rewards are only about 0.1%. If you are accepted you will receive the full 32 months as advertised.

While this card also offers balance transfer functionality, this is not where the card shines because the balance transfer fee is higher-than-average at 3% for 3 months.

Summary

  • 0% interest on purchases for 32 months
  • Earn 2 Nectar points for every £1 spent at Sainsbury’s
  • Earn 1 Nectar point for every £5 spent outside Sainsbury’s
  • 0% interest on balance transfers for 3 months (2.88% balance transfer fee, min £3)

Balance Transfers: Sainsbury's No Balance Transfer Fee Credit Card

The Sainsbury's No Balance Transfer Fee card acts as a rewards card as well as a balance transfer card. While you don't earn rewards on transferred balances, you will earn Nectar points on new purchases with the card. Nectar points are accumulated at a rate of 2 points per £1 spent on Sainsbury's shopping and fuel, and 1 point for every £5 spent elsewhere. This leads to a rewards rate of 1% on your Sainsbury's shopping and fuel purchases, but only 0.1% elsewhere. There is no interest-free period on purchases with this card.

Summary

  • No balance transfer fee
  • 0% on balance transfers for 28 months
  • If approved, you get the full, advertised duration
  • Offer good for balances transferred within first three months
  • Earn 2 Nectar points for every £1 spent at Sainsbury’s
  • Earn 1 Nectar point for every £5 spent outside Sainsbury’s

Dual Offer: 0% on Purchases and Balance Transfers for 30 Months

The dual offer card provides a 0% interest period for both new purchases and balance transfers. As with all introductory 0% periods, be sure to pay at least the minimum monthly amount to keep the zero percent interest rate, or else your rate will jump up to a representative 18.95% APR.

Summary

  • Initial 2.74% balance transfer fee (then 3%), minimum £3
  • 0% on balance transfers for 30 months
  • 0% on purchases for 30 months
  • If approved, you get the full, advertised duration
  • Offer good for balances transferred within first three months
  • Earn 2 Nectar points for every £1 spent at Sainsbury’s
  • Earn 1 Nectar point for every £5 spent outside Sainsbury’s

Longer Balance Transfers: Sainsbury's 39 Month Nectar Balance Transfer Credit Card

Sainsbury's longest balance transfer offer is 0% interest for 39 months, which will cost Nectar cardholders a fee of 2.39% for transfers made in the first three months (initally 2.89%, later partially refunded). Balances transferred after that will incur a 3% fee.

Summary

  • Initial effective balance transfer fee of 2.39% for Nectar cardholders (then 3%), minimum £3
  • If approved, you get the full 39 months at 0%
  • Offer good for balances transferred within first three months
  • Earn 2 Nectar points for every £1 spent at Sainsbury’s
  • Earn 1 Nectar point for every £5 spent outside Sainsbury’s

Summary of Sainsbury's Bank Credit Cards

For...CardQuick Overview
Large PurchasesSainsbury's Purchase Card0% on purchases for 29 months
Cheapest Balance Transfer FeeSainsbury's No Balance Transfer Fee Card0% balance transfer fee; 28 months of 0% interest for balance transfers
Balance Transfer and PurchasesSainsbury's Dual Offer Card0% on purchases for 30 months; Initial 2.74% balance transfer fee; 30 months of 0% interest for balance transfers
Longest Time to Pay Existing DebtSainsbury's 39 Month Balance Transfer Card2.89% fee is reduced to 2.39% for Nectar cardholders; 39 months of 0% interest for balance transfers