Sainsbury's Credit Card
From Sainsbury's
Summary
Sainsbury's Credit Card is provided by Sainsbury's.
The representative APR is 15.9%APR variable.
New customers will receive an introductory balance transfer rate of 0% for 12 months and an introductory purchase rate of 0% for 12 months.
This makes Sainsbury's Credit Card a great option for people looking to transfer an existing credit card balance whilst using the card for purchases, within the promotional period.
The representative APR is 15.9%APR variable.
New customers will receive an introductory balance transfer rate of 0% for 12 months and an introductory purchase rate of 0% for 12 months.
This makes Sainsbury's Credit Card a great option for people looking to transfer an existing credit card balance whilst using the card for purchases, within the promotional period.
How long will it take to repay with the Sainsbury's Credit Card
Balance transfer
Purchases
Fixed payment
By switching to the Sainsbury's Credit Card, you could pay off £1000 in by budgeting £50 each month. This would effectively cost you £50.
Minimum payment
By comparison, if you only make the minimum payment each month, it would take 17 years and 9 months to repay, costing you a total of £2,052 on top of the original balance!
If this seems high, that's because your minimum payment is calculated as a percentage of your balance. This means each payment will be slightly lower than the month before which will have less effect on clearing your balance. So be smart and pay as much as you can afford!
Customer reviews (1)
"good rewards"
I have had my sainsbury's Standard Visa card now for a few years, i usually use it to pay for my shopping, internet purchases and some occasional bills, or large purchases.
The reason i first got my Sainsbury's Visa was my old credit card had very high interest, even if monthly balances were paid off and Sainsbury's were offering an introductory rate of 0% interest for up to 6 months and no annual fee. Which is still available now.
I could have transferred my old credit card balances onto my new visa but decided to just pay it off instead. Also you can transfer any store card balances onto it.
I find Sainsbury's Visa customer services usually very helpful and polite and not had any problems with them as yet.
You can apply for a card on line through Sainsbury's Bank web site, which is quite a good site and easy to use.
My personal opinion is i find this a good card if paid up well, if not can be quite costly. The Nectar rewards is a great bonus also.
Rates & Charges
Introductory rates
Balance transfers
0% for 12 months 52 cards better than this
Balance transfer fee
3% or £3 minimum 92 cards better than this
Purchases
0% for 12 months 6 cards better than this
Ongoing rates
Typical APR
Balance transfer rate
Balance transfer fee
3% or £3 minimum
Balance transfer limit
Unknown
Cash advance rate
24.9%
Fees and Charges
Annual fee
£0
Cash advances
3% or £3 minimum 82 cards better than this
Foreign currency transactions
Late payment fee
£12
Over limit fee
£12
Returned payment fee
£12
Insurance and Protection
Payment protection
Payment protection
Free payment protection
Free warranty cover
Free price protection insurance
Online fraud protection
Online fraud protection
Travel insurance
Travel insurance
Lost luggage cover
Travel delay insurance
Travel insurance upgrade
Requirements to qualify
Minimum credit history
Good
Minimum age
18
Minimum income
£0.00
Must be employed
Yes
Repayment
Interest charged from
Debit
Interest-free period
59 days
Interest-free period on cash advances
None
Time to make payment after statement date
28 days
Minimum payment
2.25% of balance or £5
Payment by direct debit
Available
Rewards
Not available
Better deals on balance transfers
Better deals on purchases
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