Sainsbury's credit cards

This card is likely to suit those who shop regularly at Sainsbury's. For the first two years, Nectar Credit Card holders will get double Nectar points on their shopping when spending in Sainsbury's stores and petrol stations, as well as online. You get one Nectar point for every £5 you spend elsewhere, and there is no limit to the amount of points customers can earn. The double points offer excludes Sainsbury's Telecoms and Energy which are treated as non-Sainsbury's purchases. The Sainsbury's Nectar Credit Card offers a reasonably competitive 0% on balance transfers for 15 months, with a 3% transfer fee, and 0% on spending for 6 months. After the 0% period you will be charged 16.9% interest on all balance transfers and spending so you should therefore ensure that you are able to pay off the balance before the 0% period expires. If you are a regular Sainsbury’s shopper though it is worth using this card after the 0% period expires to earn your points as long as you can pay your balance off in full every month. You can either use the points you earn through the reward scheme to get back money-off vouchers on your Sainsbury's shopping, or any other company that is part of the Nectar scheme. Please be aware that unless you already have a Nectar card when you apply you will not be eligible for the reward points.

This card offers a 0% introductory rate on both balance transfers and purchases for a year, making it a competitive offer. There are longer interest-free balance transfer offers available if you are looking to move debts from another credit card. Balance transfers are subject to a 3% handling fee, so remember to factor in this cost before making the move. Once the interest free period comes to an end, the card has a representative APR of 16.9%, so you should try to clear any debts while you are still on the 0% introductory rate. One restriction is that only Nectar Card holders can apply for the card, but as the Nectar scheme is free to join, this is worth doing, although it is worth noting you do not receive Nectar points for spending on this card. Once you have received your Nectar Card, all you have to do is use it whilst making a purchase at Sainsbury's or one of the other Nectar Card partners and then you will be eligible to apply for the credit card. You will not be able to complete the application for this card if you do not hold a Nectar card. The card has no annual fee, and you must be aged 18 or over to apply for this card. To be eligible for this card you must not have been declined for credit in the last month and must not hold another Sainsbury's Bank credit card.

This low rate card, which is only available to customers with a Nectar card, offers a representative APR of 6.9% on new purchases and balance transfers, and does not impose balance transfer fees. Those who may previously have switched cards for introductory offers can therefore avoid incurring a balance transfer fee while enjoying a low rate. This makes it a good choice for those who know they aren’t going to be able to clear their balance every month, as interest charges are low. However, bear in mind that unless you have an impeccable credit history, you may be offered a higher representative APR of either 9.9% variable or 12.9% variable. Even if you do qualify for the lowest rate, if you are transferring a large balance, you will need to work out if you may be better off with a card offering a lengthy 0% period on balance transfers with a balance transfer fee. While you have to have a Nectar card to apply for the card, you do not get any Nectar points when you spend. You should not use this card to make cash withdrawals, as these are charged interest at a hefty 24.93%. You will also be charged a withdrawal fee of 3%, with a minimum charge of £3. The card does not have an annual fee.