Sainsbury's Bank Balance Transfer Credit Card Mastercard Review September 2019
Take advantage of an interest-free period with Sainsbury's Bank's longest balance transfer card.
0% interest on balance transfers
0% interest on purchases
|Balance transfers||0% for 28 months reverting to 19.95%|
|Balance transfer fee||3% (min. £3)|
|Purchases||0% for 3 months reverting to 19.95%|
|Purchases interest-free period||Up to 56 days|
|Min. credit limit||£0|
|Max credit limit||Not specified|
|Additional cards available||1|
|Incentive||Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.|
Sainsbury’s customers can earn extra Nectar points as they shop while managing their existing debts with the Sainsbury's Bank Balance Transfer Credit Card Mastercard.
This headline-making deal offers users an opportunity to get their finances on track with a long break from interest on balance transfers, as well as a short interest-free period on purchases.
You’ll also earn bonus Nectar points on large Sainsbury’s shops for a limited period, on top of the standard Nectar rewards with every Sainsbury’s shop or fuel. Crucially, the points you can earn using a Sainsbury’s Bank credit card are in addition to the points you earn when you hand over or swipe your regular old Nectar card.
What you’ll like
- Earn Nectar points on all your spending, and earn points at an enhanced rate when you use your card at Sainsbury’s.
- Approved applicants will enjoy the full 28 months’ 0% period (other cards may be offered to some applicants with a shorter 0% period than advertised).
What to watch out for
- To transfer a balance there’s a fee of 3% (min. £3).
How does this card compare with other similar cards on the market?
When it comes to repayments, you can make manual repayments online or over the phone (08085 40 50 60), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
How to apply for the Sainsbury's Bank Balance Transfer Credit Card Mastercard
If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.