Credit Card Review & Application
Sainsbury's Credit Card
- Every time you shop at Sainsbury's with your Credit Card we'll give you 2 Nectar points for every £1 you spend in the first 2 years. That's doubling your Nectar points on every Sainsbury's shop when you swipe your Nectar card.
- 0% for the first 12 months on Sainsbury's shopping
- 0% for the first 12 months on all other shopping
- 0% for the first 12 months on balance transfers (+3% fee)
- Collect 1 point per £5 when you use your Sainsbury's Credit Card elsewhere
- Representative Example: 16.9% APR Representative (variable). Based on 3% balance transfer fee, credit limit of 1200.00, annual interest rate (variable) 16.9%.
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| Intro APR: | 0%* |
| Intro Period: | 12 months |
| Representative APR: | 16.90% (variable) * |
| Annual Fee: | £0.00* |
| Issuer: | Sainsbury's Bank |
| Card Network: | MasterCard® |
| Card Category: | Consumer (Regular) |
| Card Type: | - Co-Branded Credit Card - Instant Decision Card - Low Interest Card - Reward Card |
| Credit Needed: | Good* |
The Sainsbury's Credit Card is one of the most unique financial products that you will find in the United Kingdom. You can tie it with your Nectar card, which is an innovative UK-based shopping rewards program that earns you points towards gifts and incentives on everything that you buy. If you have a Nectar card, you can apply for the Sainsbury's Credit Card using that information, and of course every time you use your Sainsbury's card you will earn points on your Nectar account.
Aside from this, the standard features are still very attractive. The APR is indeed an average amount, which is not necessarily easy to find these days. However, this APR does not apply until after the first year because upon approval you can take advantage of introductory rates as low as 0% on both Sainsbury's shopping and standard purchases. In order to maintain these rates, though, you need to keep your account current every month.
Credit customers who are interested in a card with balance transfer options will also like the Sainsbury's Credit Card. For the first twelve months you can get an introductory rate that is as low as 0% if you qualify. This will allow you consolidate your existing credit card balances under one rate that is probably much lower than any of your other cards. You can take advantage of the full year at this rate and pay off your balances, improving the state of your credit. Keep in mind, though, that there is a very small balance transfer fee if you choose to use this feature.
Of course, you want a credit card because it is convenient, and that is another proprietary feature of the Sainsbury's Credit Card. You can apply for your account online and manage it through the internet as well. If you have any issues that are not pressing, this is the best avenue to solve it since customer service is not available 24/7. Of course, you can always send an e-mail too if you just have a simple question.
| Reward Types: | - Merchandise Reward Cards - Other Rewards Cards - Universal Reward Cards |
| Reward Unit: | Point |
| Rewards: | - 2 Nectar points for every £1 you spend in the first 2 years. That's doubling your Nectar points on every Sainsbury's shop when you swipe your Nectar card. - 1 point per £5 when you use your Sainsbury's Credit Card elsewhere |
| Other Benefits: | See Terms and Conditions of the card |
| Comments: | To be eligible you must: - be over 18 or over and have a permanent UK address - not have been declined for credit in the last month - not have a history of bad credit - not be an existing Sainsbury's Bank Credit Card holder To speed your application along be sure to have the following to hand when applying: - your bank/building society account details - details of any loans, credit cards, store cards you have - your employers name and address - your Nectar card |
| Online Account Access: | Yes |
| Introductory APR: | 0%* |
| Applied Towards: | Purchases, Balance Transfer |
| Introductory Period: | 12 months* |
| Representative APR: | 16.90% (variable)* |
| Annual Fee: | £0.00* |
| Grace Period: | up to 55 days* |
| Min Finance Charge: | £0.50 |
| Min Credit Line: | £500 |
| Late Payment Fee: | £12.00* |
| Over Limit Fee: | £12.00 |
| Balance Transfer: | Yes |
| Transfer Fee (%): | 3.00% |
| APR Cash Advances: | 24.93% |
| Cash Advance Fee: | 3.00% |
| Minimum Fee: | £5.00 |
| Additional Fees | Returned Payment Fee: £12.00 Letter Fee: £10.00 |
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† Information concerning the Sainsbury's Credit Card is confirmed to be accurate at the time of publication (Aug 20, 2011). We strive to keep this information updated but cannot guarantee its accuracy. Readers are strongly advised to go through appropriate terms and conditions attached to a product before submitting the application.
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