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Sainsbury's Bank

Sainsburys Low Rate Credit Card

Sainsburys Low Rate credit card

Provider website

Available to those who are:

- Have a Nectar loyalty card
- Have a permanent UK address
- Aged 18 years or over
- Have not been declined credit in the last month

- Please check the full criteria before applying.

Exclusively for Nectar loyalty cardholders

Simple low interest rate for purchases

Same low rate for balance transfers

No balance transfer handling fee

Representative Example: 6.95% p.a. variable on purchases. This is equivalent to 6.9% APR representative variable based on a credit limit of £1,200. Sainsbury's Bank plc. Registered Office: 33 Holborn, London EC1N 2HT.

What's on offer?

Main summary of this credit card's rates, rewards and services.

Purchases:	Balance transfers:	Rewards:	Cardholder services:
6.95% p.a. variable	6.95% for life of balance 6.95% p.a. variable thereafter No transfer fee	Not offered	Online Account Management Fraud Guarantee MasterCard SecureCode

Further details

A closer look at the rates, rewards and services of this credit card.

Please ensure you read the full terms and conditions and the summary box on the provider's website before applying for any product.

Please see below for more important information relating to the content of this page.

Application criteria

	Detail
Only apply if you are:	- Have a Nectar loyalty card - Have a permanent UK address - Aged 18 years or over - Have not been declined credit in the last month - Do not have a history of bad credit - Are not an existing Sainsbury's Bank credit card holder

Interest rates

	Detail	Additional
Representative APR (variable)	6.9% APR	Rates 6.9% APR (variable), 9.9% APR (variable) and 12.9% APR (variable) depending upon individual circumstances. Based on a £1,200 credit limit.
Introductory Purchases	-	Not offered
Introductory Balance Transfers	6.95% for life of balance	-
Standard Purchases	6.95% p.a. variable	Rates 6.95% or 9.93% or 12.92% p.a. variable.
Standard Balance Transfers	6.95% p.a. variable	Rates 6.95% or 9.93% or 12.92% p.a. variable.
Standard Cash Advances	24.93% p.a. variable	-

Fees and charges

	Detail	Additional
Balance Transfer fee	None	-
Cash Advance fee	3% (£3 min)	-
Foreign fee	2.75%	This fee is charged for transactions made in non-sterling currency.
Annual fee	None	-
Default charges	£12	This charge is made for late payments, returned payments and exceeding the credit limit.

Repayment details

	Detail	Additional
Credit limit	£1,200 assumed	Credit limit is subject to status.
Interest free period	Not stated	Actual interest free period will be displayed on your statement. The interest free period applies only to purchases if you pay the balance in full and on time.
Minimum monthly payment	2.25% (£5 min)	Each month you must repay the greater of: - a) an amount equal to the total of any CCRC premiums, interest, default sums, plus 1% of the balance; b) 2.25% of the balance shown on your statement; or c) £5, or the full balance if less than £5, plus any amount you owe that is more than your credit limit.
Allocation of payments	If you do not pay your balance in full the issuer will allocate your payments to balances with the highest interest rate before balances with lower interest rates.

Cardholder services

	Offered	Additional
Online account management		-
Fraud Guarantee		If you're a victim of online fraud Sainsbury's Bank offer an online fraud guarantee and where appropriate you will be reimbursed in full.
Fraud Monitoring		-
Identity Protection		-
Credit Report Access		-
3D Secure		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.
Contactless Payments		-
Purchase Protection Insurance		-
Purchase Delivery Insurance		-
Travel Insurance		-
Travel Accident Insurance		-
Travel Inconvenience Insurance		-
Assistance Abroad		-
Emergency Card Replacement		-

Go to provider website

Please read the following notice:

This page is part of an advertisement of this product.

The information on this page is intended to provide general information only and does not attempt to give advice that relates to your specific circumstances. If you are unsure as to the suitability of any financial product, you should discuss this with an independent financial advisor.

While we make every effort to ensure and maintain current and accurate information on this site and the content on this page will be periodically updated inline with product changes, it could contain rates, deals or facts which have now changed and therefore should not be solely relied upon.

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