Sainsbury’s Bank Dual Offer Credit Card review 2020

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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: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 21.95% (variable) p.a., your representative rate is 21.9% APR (variable).

21.9%

Representative APR

20 months

0% interest on balance transfers

20 months

0% interest on purchases

£0

Account fee

Details

IssuerSainsbury's Bank
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 20 months reverting to 21.95%
Balance transfer fee3% (min. £3)
Purchases0% for 20 months reverting to 21.95%
Purchases interest-free periodUp to 56 days
Money transfers25.95%
Cash advances25.95%
Min credit limit£0
Max credit limitNot specified
Additional cards available1
IncentiveEarn 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.

Expert review

Chris Lilly

Review by


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.

Expert review

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

Pros

  • 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

Cons

  • 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?

Table: sorted by length of 0% offer.
Data indicated here is updated daily
Name Product Balance transfers Money transfers Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
M&S Bank Shopping Plus Mastercard
0% for 20 months
(2.9% fee)
N/A
0% for 20 months reverting to 19.9%
£0
19.9% (variable)
Check eligibility
More Info
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
HSBC Purchase Plus Credit Card Visa
0% for 18 months
(2.9% fee)
N/A
0% for 18 months reverting to 22.9%
£0
22.9% (variable)
Check eligibility
More Info
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Santander All in One Credit Card
0% for 26 months
(0% fee)
N/A
0% for 26 months reverting to 15.9%
£3 per month
21.7% (variable)
More Info
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).
TSB Platinum Purchase Card
0% for 20 months
(2.95% fee)
N/A
0% for 20 months reverting to 19.95%
£0
19.9% (variable)
More Info
Representative example: When you spend £1,200 at a rate of 19.95% (variable) per annum, your representative APR is 19.9% APR (variable).
Sainsbury's Bank Dual Offer Credit Card Mastercard
0% for 20 months
(3% fee)
25.95%
(4% fee)
0% for 20 months reverting to 21.95%
£0
21.9% (variable)
More Info
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.
Representative example: When you spend £1,200 at a purchase rate of 21.95% (variable) p.a., your representative rate is 21.9% APR (variable).
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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.

Repayment options

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 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 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.

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 (£180.67), it'll cost you around £4.97.

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.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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6 Comments

  1. Default Gravatar
    Silvia
    April 15, 2019

    If you don’t feel confident enough with this card can you cancel it?

    • Avatarfinder Customer Care
      johnbasanes
      April 16, 2019

      Hi Silvia,

      Thank you for reaching out to Finder.

      Yes, you have the ability to cancel this card when you want but please note to zero out the balance first to ensure that penalties are not incurred. Hope this helps!

      Cheers,
      Reggie

  2. Default Gravatar
    Catherine
    November 19, 2018

    I have saved my partly filled in online application. How do I get the form back up on screen?

    • Avatarfinder Customer Care
      Charisse
      November 27, 2018

      Hi Catherine,

      Thanks for reaching out to finder.

      If you’re able to save your online application by entering a memorable word and clicking on “Save”, your application will be saved for 30 days.

      You will be able to retrieve your application by simply entering the memorable word you used and the application reference number that Sainsbury’s bank sent to the email address you supplied during your application.

      I hope this helps.

      Cheers,
      Charisse

  3. Default Gravatar
    Andy
    November 13, 2018

    hi, how do i transfer my overdraft onto a 0% transfer card? i am waiting for the sainsburys dual card to be delivered to me after being accepted.

    • Avatarfinder Customer Care
      Joshua
      November 29, 2018

      Hi Andy,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Once you received your card, you can call Sainsbury’s Bank. They are available Monday to Friday from 8am-midnight and on weekends from 8am-6pm. Make sure you have your Sainsbury’s Bank credit card number ready before you request a balance transfer from another card. Both cards need to be in your name.

      If in case you requested the transfer during your card application, activate your card before the transfer can be completed.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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