Sainsburys Credit Card
Sainsburys is a bank in the UK that offers many products including a MasterCard to customers or non customers of the bank. This card has several features that can make it attractive to the right person. All cards have something to offer in the way of benefits, it is up to you to decide what benefits you are looking for and then find them. In this article we are going to review the options that you have.
The MasterCard is the one of the top logos on cards to be accepted worldwide. Only visa has a larger retail circuit. This makes the card more attractive to some customers. Another feature of appeal is in the introductory rates. Sainsbury’s card offers you zero percent for twelve months on balance transfers. This is an average length of time for this time of feature. Many cards have the same deal, so at the moment there is nothing to set this card apart, but that will change. You will be charged 3 percent for a handling fee regarding the balance transfers.
They also offer an intro period on purchases. If you buy Sainsbury’s products by shopping through them you will earn zero percent interest for twelve months. This period starts when the account is opened. For other shopping that you might do you will have zero percent interest for three months from the date of the account opening. This is a little different than other options. Usually purchase deals are offered for three months for any item. So you get a little benefit for shopping at Sainsbury’s rather than another location.
Once the introductory period is over the balance transfers and purchases will be charged 15.9 percent. This interest rate is average for the current market at the moment. There are some cards that are lower, but most are the same or higher. It is a standard variable rate. This means it is subject to change at any time for specific reasons found in the terms and conditions. It does have the universal default APR as well which means if your credit rating drops you could shoot up to 30 percent interest very easily.
The Sainsbury’s card also has rewards to offer you. You can collect double points on this card if you use it with a Nectar Card. There are cards through Nectar that offer rewards and combing them together in one card. This is a difference from other cards on the market. Most of the time you can’t combine cards to get better rewards. This is truly what sets this card apart from the rest. The other feature is of course the purchase option that varies from any other card that has been on the market.
When shopping for a card it is good to know how best to use the card. The Sainsbury’s card is great for those who need a balance transfer offer to save money. It also works for purchases, but these offers shouldn’t be combined as you pay off the balance transfer rate.
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