Guide to Sainsbury's credit cards
Sainsbury's Bank offers four credit cards.
The Nectar Credit Card and the Cashback Credit Card both offer 15 months interest-free on balance transfers and six months 0% on purchases, plus you will earn either Nectar points or cashback depending on the card. Meanwhile, the Nectar Low Rate Credit Card and the Cashback Low Rate Credit Card charge an APR of 7.8% and also allow you to earn either Nectar points or cashback.
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Guide to Sainsbury's credit cards
Traditional banks and building societies are facing more competition than ever from the supermarket finance arms, as they continue to launch increasingly eye-catching deals – including credit cards. So what’s Sainsbury’s Bank offering?
Nectar Credit Card
You can earn Nectar points on your shopping with the Sainsbury's Nectar Credit Card which allows you to collect 10 points for each £1 spent on Sainsbury's shopping for the first three months, and four points for each £1 spent after that. You'll also get one point for every £5 spent elsewhere.
On top of that, cardholders can take advantage of 0% interest on balance transfers (for a 3% fee) for 15 months and 0% on purchases for six months. After this you'll be charged a representative APR of 17.9% (variable). However, it's usually best not to transfer a balance and spend on the same card.
Nectar Low Rate Credit Card
The Sainsbury's Nectar Low Rate Credit Card allows you to collect Nectar point in exactly the same way, but this time, charges an APR of 7.8% on both balance transfers and purchases. However, it doesn’t charge a balance transfer fee.
Cashback Credit Card
The Sainsbury’s Cashback Credit Card allows you to earn cash instead of Nectar points. Again, it offers 0% interest on balance transfers for 15 months (for a 3% fee) and 0% on purchases for six months. After this you'll be charged the same representative APR of 17.9% (variable).
Cashback Low Rate Credit Card
Finally, the Sainsbury’s Cashback Low Rate Credit Card also offers cashback, but charges a representative APR of 7.8% (variable) on both balance transfers and purchases. Again, there is no fee to transfer a balance from another card.
You will not need a Nectar card to apply for all of these credit cards – but it could be worth getting one anyway. You can pick up an application form in any Sainsbury’s store or online at nectar.com – totally free of charge. And, as well as earning points each time you shop in Sainsbury’s you can also collect points from the supermarket’s partners including Homebase, amazon.co.uk and EDF Energy.