Sainsbury’s credit card increases 0% introductory period on purchases from three to 10 months and reduces typical APR.
In this article:
  • % APR for 12 months on Sainsbury's purchases
  • Four Nectar points awarded for every £1 spent on the card at Sainsbury's – equivalent to 2% cash-back
  • A standard APR of 15.9%

Credit Card News: Sainsbury’s Extends 0% Introductory Period

Going against the current trend in the credit card market Sainsbury’s Finance has increased the 0% introductory period on purchases on its credit card from three months to 10 months and has reduced its typical APR from 16.9% to 15.9%.

Credit Card News: Cut the Cost of Borrowing

In July 2009 MoneyExpert claimed that credit card credit card firms have slashed the number of zero per cent purchase deals by a fifth in the past year, and have increased rates across the industry to an all-time high of 18%, after an increase in 0.5% in the previous 12 month period.

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Credit Card News: Sainsbury’s Credit Card Reduces Typical APR

Stuart McKeggie, Head of Sainsbury’s Credit Cards said: “By increasing the 0% period on our card and decreasing the typical APR we are bucking the trend and hopefully offering borrowers a bit of respite in what is still a tough economic climate for many people.'

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The Sainsbury’s credit card also offers Nectar points equivalent to 2% cash-back on Sainsbury’s purchases – allowing customers to earn up to four points for every £1 spent. Pay with your Sainsbury’s Credit Card and collect two points for every £1 you spend, or hand over your Nectar card at the same time and collect an additional 2 points for every £1 you spend.

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