Sainsbury's launches 0%-on-purchases credit cardNew Best Buy credit card charges 0% for 10 months
29 September 2009
Sainsbury's Finance has launched a new Best Buy credit card deal, offering 0% on purchases for up to 10 months.
The move by the grocery giant means that the top three slots in the 0%-on-purchases Best Buy table are now held by retailers rather than traditional banks, with Tesco offering the longest period of 12 months and Marks & Spencer taking joint second place with Sainsbury's. All three providers scored above average for customer satisfaction in our most recent survey too.
Martyn Saville, Which? credit card expert, commented: 'It's a logical step for Sainsbury's to launch a competitive 0% deal on purchases - coupled with the extra Nectar points you'll earn on your spending, this card offers strong competition to Tesco's own market-leading credit card.
'However, make sure you pay off your bill in full at the end of the 0% deal period - with a standard APR of 15.9%, the Sainsbury's credit card is not a good option for borrowing once the promotional deal runs out. And make sure you pay at least the minimum payment each month during the offer, otherwise you may find you lose the 0% deal altogether.'
To find the best credit card for you, check out Which? Best Buys. And see how much cash you could save by transferring existing balances to a new credit card by using our credit card balance transfer calculator.
Which? Money when you need it
You can follow @WhichMoney on Twitter to keep up-to-date with our Best Rates and Recommended Provider product and service reviews.
Sign up for the latest money news, best rates and recommended providers in your newsletter every Friday.
Or for money-saving tips, and news of how what's going on in the world of finance affects you, join Melanie Dowding and James Daley for the Which? Money weekly money podcast
For daily consumer news, subscribe to the Which? news RSS feed here. And to find out how we work for you on money issues, visit our personal finance campaigns pages.