Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
Sainsbury’s Bank Dual Offer Credit Card review 2021
There's no interest to pay on purchases or balance transfers for a lengthy period with this Sainsbury's rewards card.
You say: ★★★★★We say: ★★★★★
Doing its job: 4/5
In a nutshell:
0% interest on balance transfers
0% interest on purchases
|Balance transfers||0% for 19 months reverting to 21.95%|
|Balance transfer fee||3% (min. £3)|
|Purchases||0% for 19 months reverting to 21.95%|
|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 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere.|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
One of the few cards offering 0% periods on both purchases and balance transfers and earning rewards at the same time, this is a really solid deal.
If you’ve got a big purchase coming up but you’re also still clearing an outstanding credit card balance, this is one of the longest “matched” or “balanced” deals you can find on the market. It will give you plenty of time to clear your debt without charging any interest.
However, there’s a 3% (min. £3) balance transfer fee that isn’t exactly on the cheap side of things and makes this card less competitive when it comes to transferring big balances.
Once the 0% deals are over, any outstanding balance will accrue interest at the card’s standard rate (which isn’t especially low). You need a plan to make sure your debt is paid back before that happens. Draft a budget, stick to it and try to pay back something every month.
The rewards are also competitive, especially considering that there’s no annual fee to worry about. As you may have guessed, people who regularly shop at Sainsbury’s will be able to make the most of this card. You’ll earn Nectar points every time you shop there (on top of those you get on your regular Nectar card!). The rest of your card spending will also be earning Nectar points, although at a much lower rate.
The Sainsbury's Bank Dual Offer Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.
Pros and cons
- Over a year of 0% interest to focus on reducing existing card debt
- Over a year to spread the cost of purchases
- Earn points on day-to-day spending
- Up to 7,500 points introductory bonus
- No annual fee
- Minimum annual income requirement of £10,000
- Applicants with low credit scores are unlikely to be eligible
- Don't forget that balance transfer fee! If cutting the interest on existing card debt is your main reason for considering this card, check out no-fee deals first
- Relatively high money transfer fee
How does it compare with other matched 0% deals?
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
You can make manual repayments through Sainsbury's Bank's app, by logging in to your online banking or over the phone (08085 40 50 60). Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result. You could use a fixed-amount direct debit to ensure you've cleared your debt before the 0% period expires – simply divide your outstanding balance by 19 to see what you'll need to pay each month (this assumes you don't use the card for additional spending).
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
If you've compared cards and settled on the Sainsbury's Bank Dual Offer Credit Card, 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.
Frequently asked questions
Can I withdraw cash using the Sainsbury's Bank Dual Offer Credit Card?
Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.
The cash advance fee on the Sainsbury's Bank Dual Offer Credit Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.
The interest rate on this part of your balance will be 25.95%, which is 18% more than the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).
How much does it cost to use the Sainsbury's Bank Dual Offer Credit Card abroad?
Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£174.17), it'll cost you around £4.79.
What is the minimum payment on the Sainsbury's Bank Dual Offer Credit Card?
Each month you must pay at least 2.25% of your balance at that point or £5.00 – whichever of the two figures is greater. So if you had, say, £200.00 outstanding, you'd pay £5.00, and if you had £888.89 outstanding, you'd pay £20.00.
Paying only the minimum required amount each month is generally not advisable as it makes it much harder to get debt-free before that introductory 0% period expires.
Can I request an additional Sainsbury's Bank Dual Offer Credit Card?
Yes, you can request one more. There's no fee for additional cards. Plus, with additional cards, you could earn Nectar points at a faster rate. Bear in mind that card debt accrued by additional cardholders is the sole responsibility of the account holder – not the additional cardholder.