Sainsburys Credit Card
Independent review with up to date rates, fees and special offers for this card...
- 0% at Sainsburys for 12 months
- 0% on all other purchases for 9 months
- 0% balance transfers for 9 months (3% fee)
Sainsburys Bank credit card review: Sainsburys
SAINSBURY'S are about more than Jamie Oliver as the Sainsbury's credit card amply demonstrates.
The card offers holders 0% interest on Sainsbury's purchases for the first twelve months (excluding telecoms and energy) and a very respectable nine months 0% interest on all other purchases and balance transfers.
Since Sainsbury's sells just about everything - from white goods and homewares to clothing - that 12 months is more than likely to come in handy.
However, payments will be applied to 0% balances first so make sure that you clear other balances before borrowing interest-free for your Sainsbury's shopping in those last three months.
To avoid the above problem it's worth noting that just getting a nectar card (it's free!) will entitle you to apply for the Sainsbury's Credit Card for Nectar Cardholders which offers three extra months at 0% on balance transfers and ordinary purchases.
Having said that, nine months interest-free should be more than enough if you have specific goal in mind - either spreading the cost of some spending or clearing a high-interest balance from elsewhere - and you won't have to bother will filling your wallet with even more plastic.
Once the 0% offers are over the Sainsbury's credit card still offer decent credit card service with a lengthy 59 days to clear your balance in full without incurring interest charges - a full two weeks more than some cards offer.
In all, whether you're a Sainsbury's fiend or a merely a friend of orange colour schemes the Sainsbury's credit card offers a smart package of offers as well as a solid basic performance in the longer term.
| Interest Rates and Fees |
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Notes.. |
| Typical APR |
15.9% APR (variable) |
15.9% APR (variable), 19.9% APR (variable) and 21.9% APR (variable)
The rate you receive will depend upon an assessment of your circumstances.
In any month where interest is incurred between 1p and 50p, you will be charged a minimum of 50p instead.
The typical APR is the rate most people are offered. |
| Introductory Purchases |
0% for 9 months |
You'll also receive 0% on Sainsbury's purchases for 12 months.
Payments will be applied towards 0% Sainsbury's purchases before 0% balance transfers or other 0% purchases. |
| Balance Transfers |
0% for 9 months |
Payments will be applied towards 0% Sainsbury's purchases before 0% balance transfers. |
| Balance Transfer Fee |
3%
(£3 minimum) |
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| Cash Withdrawal Rate |
24.93% p.a. (variable) |
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| Cash Withdrawal Fee |
3%
(£3 minimum) |
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| Annual Fee |
None |
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| Foreign Transaction Fee |
2.75% |
This fee will be charged if you make a purchase or cash withdrawal in a foreign currency.
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| Cardholder Services & Extras |
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| Online Account Management |
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You can log in to the Sainsburys Bank web site and manage your Sainsburys credit card account online. |
| Internet Fraud Guarantee |
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As long as you follow the precautions, you won't be held liable for any online banking activity you haven't authorised. |
| Fraud Monitoring |
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| Identity Protection |
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| MasterCard SecureCode |
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An extra layer of security when shopping online. Register and set up a password-protected identity-check when you shop online with participating online retailers. |
| Purchase Protection Insurance |
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| Purchase Delivery Insurance |
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| Comprehensive Travel Insurance |
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| Travel Accident Insurance |
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| Travel Inconvenience Insurance |
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| Assistance Abroad |
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| Emergency Card Replacement |
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| Other Extras |
- Card replacement if lost
- Additional cards available for family members over 18 years old. |
| Optional Extras |
These are extras that you can choose, but you will have to pay for them.
- Identitycare
- Repayment cover
- Card protection. |
| Payments & Payment Details |
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|
Notes.. |
| Credit Limit |
£500 minimum |
Maximum credit limit is subject to status. |
| Interest Free Period |
Up to 59 days |
Actual interest free period will be displayed on your statement.
The interest free period is for purchases if you pay the balance in full and on time. There is no interest free period on balance transfers, cheques or cash advances. |
| Minimum Monthly Payment |
2.25%
(£5 minimum) |
The minimum monthly payment will be the greater of:
- 2.25% of your outstanding balance, OR
- £5. |
| Allocation of Payments |
Lowest rate balances » Highest rate balances (Default sums » Balance transfers » Purchases » Cheques » Cash advances). Except during periods of 0% interest where Sainsbury's purchases will be paid off first. |
If you do not pay off your statement balance in full, your payment will be applied first towards balances where no interest is charged, then those at lower rates before those at higher rates. Where two balances are charged at the same rate of interest, your payment will be applied to transactions in the following order: default sums, balance transfers, purchases, cheques and then cash advances.
During the 0% introductory offer, payments will be applied towards 0% Sainsbury's purchases first, and then 0% balance transfers and then 0% purchases. |
| Default Charges |
£12 |
- Late Payment Fee: £12
- Overlimit Fee: £12
- Returned Payment Fee: £12
- Letter Fee: £10 |
| Copy of Statement Fee |
£5 |
This is the fee you will be charged for duplicate statements. |
| Card Details |
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Notes.. |
| Online Application |
Yes |
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| Card Type |
Classic |
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| Payment Company |
MasterCard |
The company who provides the payment technology and infrastructure to allow you to use this credit card.
Retailers and ATM machines displaying the 'MasterCard' logo will accept this credit card. |
| Card Issuer |
HBOS |
The bank who issues this credit card.
Sainsbury's Bank plc
33 Holborn
London
EC1N 2HT |
| Card Advertiser |
Sainsbury's Bank |
The company who advertises and promotes this credit card. |
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At a glance
Typical APR:
(variable) |
15.9% APR |
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| Purchases: |
0% for 9 months |
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15.94% p.a. thereafter |
| Balance Transfers: |
0% for 9 months |
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3% transfer fee - £3 min |
| Interest Free Period: |
Up to 59 days |
| Annual Fee: |
£0 |
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This card includes:
| Online Account Management |
| Fraud Security |
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| You should only apply if you are: |
- Have a permanent UK address
- Aged 18 years or over
- Not have been declined credit in the last month
- Not have a history of bad credit
- Not be an existing Sainsbury's Bank credit card holder
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Review Continued...
0% deals
Collecting Nectar points twice as fast is not the only great thing about the Sainsbury's credit card.
You'll get a full 12 months' interest free on all Sainsbury's purchases (excluding telecoms or energy).
Whilst it's probably not a good idea to keep 12 months worth of groceries on your card without paying it off, this is a great idea if you're planning a large purchase from Sainsbury's, like kitchen appliances, or a new TV or stereo.
The Sainsbury's credit card also comes with a 10-month 0% non-Sainsbury's purchases and a 10-month 0% balance transfer deal too, with a 3% balance transfer fee.
Payments will be applied towards Sainsbury's purchases first - so you'll need to stock your cupboards and clear all Sainsbury's shopping transactions to get any non-Sainsbury's purchases and balance transfers repaid before their 10-month 0% period is up.
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Apply Online for Sainsburys credit card »
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