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Sainsbury’s Bank Purchase Offer Credit Card review
This card is no longer available, but you can use this page to compare alternatives.
As of May 2020, this card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to browse the range of credit cards currently available from Sainsbury’s Bank and to compare similar cards from other issuers.
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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).
20.9%
Representative APR
20 months
0% interest on purchases
£0
Account fee
Up to 7,500 points
Intro bonus
Details
| Issuer | Sainsbury's Bank |
|---|---|
| Network | Mastercard |
| Annual/monthly fees | £0 |
| Balance transfers | 0% for 3 months reverting to 20.95% |
| Balance transfer fee | 3% (min. £3) |
| Purchases | 0% for 20 months reverting to 20.95% |
| Purchases interest-free period | Up to 56 days |
| Money transfers | 25.95% |
| Cash advances | 25.95% |
| Minimum credit limit | £0 |
| Maximum credit limit | Subject to status |
| 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. |
| Travel incentive | No cash advance fee on Sainsbury's Travel Money purchases. |
Review by
Chris Lilly
chris.lilly@finder.comChris Lilly is a publisher at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.
Expert review
If you’re anticipating a large expenditure, then a card with a long interest-free period on purchases can let you spread the cost over a manageable timeframe, without it costing you any more.
Play your cards right and you could also end up with a big Nectar points bonus in your first few months – that’s in addition to an ongoing offer of Nectar points every time you use your card at Sainsbury’s (which is itself in addition to the points you already earn when you hand over or swipe your regular Nectar card). Provided you don’t get addicted to collecting points and end up making purchases you wouldn’t have otherwise, this card could be a smart choice.
And in case you already have an outstanding balance with another card issuer, this card also comes with an introductory interest-free period on balance transfers. Just beware of the transfer fee.
Pros and cons
Pros
- Earn Nectar points on all your spending, and earn points at an enhanced rate when you use your card at Sainsbury’s.
- Transfer existing card debt and enjoy a 3-month break from interest.
Cons
- There’s a balance transfer fee of 3% (min. £3).
- Depending on Sainsbury’s Bank’s assessment of your credit profile and circumstances, you might be offered a different rate or shorter 0% periods.
How does this card compare with other similar cards on the market?
Table: sorted by representative APR, promoted deals first
1 - 20 of 193
Approval for any credit card depends 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.
Compare Sainsbury’s credit cards
Table: sorted by representative APR, promoted deals first
1 - 7 of 7
Repayment options
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.
If you’re interested in this Sainsbury’s credit card because you want to spread the cost of a hefty expense, say, a new car or a wedding, then once you know what that’s going to cost you, you could divide that figure by 20 to ensure you clear the debt before the 0% period expires.
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.
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.