Sainsbury’s Bank Dual 21 Month Offer Credit Card review 2021

Get long interest-free periods with no annual fee, plus extra rewards, when you sign up to Sainsbury’s Bank Nectar Dual Offer Credit Card.

Plus, Sainsbury’s Bank Nectar Dual Offer Credit Card also comes with the chance to earn up to 7,500 bonus Nectar points in your first two months.

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Representative example: When you spend £1,200 at a purchase rate of 20.95% (variable) p.a., your representative rate is 20.9% APR (variable).

21 months

0% interest on balance transfers

20.9%

Representative APR

21 months

0% interest on purchases

£0

Account fee

Details

IssuerSainsbury's Bank
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 21 months reverting to 20.95%
Balance transfer fee3% (min. £3)
Purchases0% for 21 months reverting to 20.95%
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 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere. Earn 500 bonus points each time you spend £35 or more on Sainsbury's shopping with your credit card, up to ten times in your first 2 months, offer available for new customers.

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

The Sainsbury’s Bank Nectar Dual Offer Credit Card is true to its name with a two-for-one approach to its key features. With no annual fee and the chance to earn up to 7,500 bonus Nectar points every time you spend £35 or more at Sainsbury’s in your first two months, plus extra rewards with every shop, the Nectar Dual Offer Credit Card is great for everyday spending.

And with 0% on balance transfer and purchases for up to 21 months, it could also be a useful card to consolidate existing credit card debt or spread the cost of a large upcoming purchase. A 3% fee applies on balance transfer made at application and you have to be a pre-existing Nectar member for a minimum of six months to be eligible for the card.

The Sainsbury's Bank Dual 21 Month 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.

Avios and Sainsbury’s Nectar points scheme

From 25 January 2021, Sainsbury’s Nectar points can be exchanged for Avios air miles, as part of an agreement between Sainsbury’s and British Airways. This means that any Nectar points you earn on your card can be converted to Avios and spent on BA flights, accomodation, car hire and other travel-related products and services. Under the scheme, points can be swapped at a rate of 400 Nectar points to 250 Avios.

Pros and cons

Pros

  • Almost two years of 0% interest to focus on reducing existing card debt
  • Almost two years 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
  • 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
Name Product Balance transfers Money transfers Purchases Annual/monthly fees Representative APR Link Incentive Representative example
M&S Bank Shopping Plus Credit Card
0% for 20 months
(2.9% fee)
N/A
0% for 20 months reverting to 21.9%
£0
21.9% APR (variable)
Check eligibility
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 21.9% (variable) p.a., your representative rate is 21.9% 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% APR (variable)
Check eligibility
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).
Sainsbury's Bank Dual 21 Month Offer Credit Card Mastercard
0% for 21 months
(3% fee)
25.95%
(4% fee)
0% for 21 months reverting to 20.95%
£0
20.9% APR (variable)
Earn 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere. Earn 500 bonus points each time you spend £35 or more on Sainsbury's shopping with your credit card, up to ten times in your first 2 months, offer available for new customers.
Representative example: When you spend £1,200 at a purchase rate of 20.95% (variable) p.a., your representative rate is 20.9% APR (variable).
MBNA 0% Transfer and Purchase Credit Card
0% for 21 months
(2.99% fee)
0% for 12 months
(4% fee)
0% for 21 months reverting to 21.93%
£0
21.9% APR (variable)
Earn up to 15% cashback on purchases through Smart Rewards at popular retailers.
Representative example: When you spend £1,200 at a purchase rate of 21.93% (variable) p.a., your representative rate is 21.9% APR (variable).
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Compare up to 4 providers

Approval for any credit card will depend on your status. The representative APRs shown represent 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 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 21 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 21 Month 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 21 Month Offer Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Sainsbury's Bank Dual 21 Month 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 24% 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).

What should I do with my old credit card after transferring the balance to the Sainsbury's Bank Dual 21 Month Offer Credit Card?

Transferring a balance doesn't automatically close your old account. In most cases, you'll want to close the old account(s) straightaway, especially if they have an annual/monthly fee or if you might be tempted to use them in the future. There is an argument that you should keep the old account open to help your credit score. That's because doing so keeps your "credit utilisation ratio" lower (that's a measure of how much credit you're using compared to what's available to you), and helps the average age of your credit accounts. However, unless you're just about to apply for a new mortgage, it's probably fair to say that most people would prefer to have no more bank accounts open than was truly necessary.

How much does it cost to use the Sainsbury's Bank Dual 21 Month Offer Credit Card abroad?

Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£170.88), it'll cost you around £4.70 in fees.

What is the minimum payment on the Sainsbury's Bank Dual 21 Month 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 21 Month Offer Credit Card?

Yes, you can request one more. There's no fee for additional cards. Plus, with additional cards, you could earn 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.

Finder credit card ratings

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Our experts score matched/balanced credit cards to determine their value against similar products on the market. We look at a number of important factors, like the length of the introductory offer, balance transfer fees, any restrictions to the offer, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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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