Sainsburys for Nectar Cardholders Credit Card

Sainsburys Bank credit card review: Sainsburys for Nectar Cardholders

IF you're already a Sainsbury's shopper with a Nectar card the Sainsbury's Credit Card for Nectar Cardholders has a bundle of 0% offers just for you.

There's no interest charged on either purchases or balance transfers for the first year.

When there are two or more 0% offers on one credit card it always makes sense for them to be the same length: that way you can use more than one at once without any issues.

If you were thinking of going with the plain ol' Sainsbury's credit card it's a definite plus.

In all, there are only a few things to look out for with the Sainsbury's Credit Card for Nectar Cardholders.

The first is - as with most credit cards - avoid cash advance transactions.

This is particularly important with the Sainsbury's Credit Card for Nectar Cardholders since some cash advances could be mistaken for purchases which should be charged at 0%.

For example, cash back at the till and buying foreign currency count as cash advances.

The second point is that the 0% balance transfer deal is issued by HBOS so you won't be able to move over an existing Halifax credit card balance.

Finally, note that balance transfers are subject to a 3% fee. This isn't unusual but is well worth budgeting for.

With just three minor points to watch out for the Sainsbury's Credit Card for Nectar Cardholders could set a record for simplicity and that continues even after the interest-free deals are over.

There's one simple - fairly low - APR as well as an extra long 59 days to clear your purchases balance in full.

In all, Sainsbury's certainly know how to look after their Nectar card holders with a simple deal that ticks all the boxes.

Interest Rates and Fees
		Notes..
Typical APR	15.9% APR (variable)	15.9% APR (variable), 19.9% APR (variable) and 21.9% APR (variable) The rate you receive will depend upon an assessment of your circumstances. In any month where interest is incurred between 1p and 50p, you will be charged a minimum of 50p instead. The typical APR is the rate most people are offered.
Introductory Purchases	0% for 12 months
Balance Transfers	0% for 12 months
Balance Transfer Fee	3% (£3 minimum)
Cash Withdrawal Rate	24.93% p.a. (variable)
Cash Withdrawal Fee	3% (£3 minimum)
Annual Fee	None	-
Foreign Transaction Fee	2.75%	This fee will be charged if you make a purchase or cash withdrawal in a foreign currency.

Cardholder Services & Extras
Online Account Management		You can log in to the Sainsburys Bank web site and manage your Sainsburys credit card account online.
Internet Fraud Guarantee		As long as you follow the precautions, you won't be held liable for any online banking activity you haven't authorised.
Fraud Monitoring
Identity Protection
MasterCard SecureCode		An extra layer of security when shopping online. Register and set up a password-protected identity-check when you shop online with participating online retailers.
Purchase Protection Insurance
Purchase Delivery Insurance
Comprehensive Travel Insurance
Travel Accident Insurance
Travel Inconvenience Insurance
Assistance Abroad
Emergency Card Replacement
Other Extras	- Card replacement if lost - Additional cards available for family members over 18 years old.
Optional Extras	These are extras that you can choose, but you will have to pay for them. - Identitycare - Repayment cover - Card protection.

Payments & Payment Details
		Notes..
Credit Limit	£500 minimum	Maximum credit limit is subject to status.
Interest Free Period	Up to 59 days	Actual interest free period will be displayed on your statement. The interest free period is for purchases if you pay the balance in full and on time. There is no interest free period on balance transfers, cheques or cash advances.
Minimum Monthly Payment	2.25% (£5 minimum)	The minimum monthly payment will be the greater of: - 2.25% of your outstanding balance, OR - £5.
Allocation of Payments	Lowest rate balances » Highest rate balances (Default sums » Balance transfers » Purchases » Cheques » Cash advances). Except during periods of 0% interest where Sainsbury's purchases will be paid off first.	If you do not pay off your statement balance in full, your payment will be applied first towards balances where no interest is charged, then those at lower rates before those at higher rates. Where two balances are charged at the same rate of interest, your payment will be applied to transactions in the following order: default sums, balance transfers, purchases, cheques and then cash advances. During the 0% introductory offer, payments will be applied towards 0% Sainsbury's purchases first, and then 0% balance transfers and then 0% purchases.
Default Charges	£12	- Late Payment Fee: £12 - Overlimit Fee: £12 - Returned Payment Fee: £12 - Letter Fee: £10
Copy of Statement Fee	£5	This is the fee you will be charged for duplicate statements.

Card Details
		Notes..
Online Application	Yes
Card Type	Classic
Payment Company	MasterCard	The company who provides the payment technology and infrastructure to allow you to use this credit card. Retailers and ATM machines displaying the 'MasterCard' logo will accept this credit card.
Card Issuer	HBOS	The bank who issues this credit card. Sainsbury's Bank plc 33 Holborn London EC1N 2HT
Card Advertiser	Sainsbury's Bank	The company who advertises and promotes this credit card.

Review Continued...

Apply Online for Sainsburys for Nectar Cardholders credit card »