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28 August 2007
In the competitive world of credit cards Sainsbury's, the supermarket giant that has diversified into financial services over the years, has changed its credit card to make it even more competitive and attractive to customers, putting it amongst the top providers on best buy tables.
The Sainsbury's credit card was already offering ten months interest free credit on its 0% purchase credit card, which was attracting a lot of interest from savvy consumers that wanted to enjoy credit card spending without having to pay interest.
However, the offer has now been extended to twelve months interest free credit on purchases, which is great news for consumers.
The standard interest rates on the credit card from Sainsbury's is currently 15.9% per annum, and once the interest free period is over the card will revert back to this standard rate.
The extended interest free period on its credit cards makes Sainsbury's one of the leading 0% purchase credit cards on the market. In addition to offers twelve months interest free credit on purchases the cards also offer a low rate life of balance transfer deal, with a competitive interest rate of 5.94% p.a. on transferred balances for the life of the balance.
Increasing the 0% purchase deal brings the card inline with the current 0% purchase bestsellers offered by HSBC with 0% for 12 months on purchases and Barclaycard Flexi-Rate with 0% for 10 months on purchases.
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