This Sainsbury's Bank* card offers the joint longest-ever 0% period with no fee to shift your debt. Plus, if you're accepted for the card you'll definitely get the full 0% period.
Need-to-knows
If you're accepted, you'll definitely get the full 25mths at 0%. Sainsbury's isn't one of the lenders that will accept you, and then offer fewer 0% months.
After the 0% period ends, it’s 18.9% interest. But poorer credit scorers will get either 21.9%, or 28.9%.
If you transfer your balance after the first three months you'll pay 3% fee (min £3).
Always pay at least the minimum monthly repayment, or you'll lose the 0% deal.
Don't spend/withdraw cash on this card. It usually isn't at the cheap rate and cash withdrawals hit your credit file.
All comments (23)
Silhouette
6 Jan 171#1
Isnt Halifax doing a longer term than this?
Silhouette to Silhouette
6 Jan 17#2
Ah, its a draw at 25 months at 0% fee on transfers.
If you pay a 0.7% fee on your transfer, you can have 32 months.
Or 3.5% and take 41 months.
lovelybeer to Silhouette
6 Jan 17#5
It was something like 32 months a short while back I think? Might have been purchases though.
rooney10
6 Jan 17#3
Any TCB with this ?
jude7219
6 Jan 17#4
I had an email from nectar regarding this earlier. There are also £80 worth of points up for grabs if you go through them. You do need to spend £2000 in the first three months tho. I don't do credit cards tho so giving it a miss, would have been nice to get the points though.
muffboy to jude7219
6 Jan 171#7
You wouldn't want to be spending anything at all on a balance transfer card!
rooney10 to jude7219
6 Jan 17#8
Personal Offer or open to everyone , do you happen to know ?
luvsadealdealdeal
6 Jan 17#6
wow I saw this in this week's MSE bulletin!
amazing old world, full of coincidences that make you sit up and say: hey!
rooney10
6 Jan 171#9
Why not ? Could you not spend £700 for 3 consecutive months and pay in the £700 + min payment each month to get the £80 worth of points (or £160 worth if you save them for the next double up event) ??
GAVINLEWISHUKD
6 Jan 171#10
No you would be better off getting the 0% on purchases credit card. Don't mix purchasing with balance transfers on the same card.
jude7219
6 Jan 17#11
I think it was personal but worth checking your nectar account. Sometimes everyone gets them and other times they are selective.
rooney10
6 Jan 17#12
Why is that , I'm not sure I follow.
If I was going to spend £2000 on my normal visa debit card (ie directly from funds in my bank account) , then can I not spend the £2000 using this new card and make the additional payments to the card manually each time I spend ?
This way I get to shift over £3500 of debt from another 0% interest cc that is due to expire at the end of this year and I will get a further 12/13 months before this needs paying off.
The £80 would be a free bonus if I was going to spend the £2000 over the next 3 months anyway , receiving no incentives on it if paying with my visa debit.
Can someone explain why this would not work please , sorry if I sound dumb, I assure you I am not :wink:
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Opening post
Need-to-knows
If you're accepted, you'll definitely get the full 25mths at 0%. Sainsbury's isn't one of the lenders that will accept you, and then offer fewer 0% months.
After the 0% period ends, it’s 18.9% interest. But poorer credit scorers will get either 21.9%, or 28.9%.
If you transfer your balance after the first three months you'll pay 3% fee (min £3).
Always pay at least the minimum monthly repayment, or you'll lose the 0% deal.
Don't spend/withdraw cash on this card. It usually isn't at the cheap rate and cash withdrawals hit your credit file.
All comments (23)
http://www.halifax.co.uk/creditcards/landing/popular-cards-ppc.asp?WT.mc_id=NETGOOGLMULTIPPC01&WT.srch=1&gclid=Cj0KEQiAnb3DBRCX2ZnSnMyO9dIBEiQAOcXYHxk5OzslQCPwn-d8ifvhgsyzYDy_jrHusKphNRfa8W0aAjDV8P8HAQ
If you pay a 0.7% fee on your transfer, you can have 32 months.
Or 3.5% and take 41 months.
amazing old world, full of coincidences that make you sit up and say: hey!
If I was going to spend £2000 on my normal visa debit card (ie directly from funds in my bank account) , then can I not spend the £2000 using this new card and make the additional payments to the card manually each time I spend ?
This way I get to shift over £3500 of debt from another 0% interest cc that is due to expire at the end of this year and I will get a further 12/13 months before this needs paying off.
The £80 would be a free bonus if I was going to spend the £2000 over the next 3 months anyway , receiving no incentives on it if paying with my visa debit.
Can someone explain why this would not work please , sorry if I sound dumb, I assure you I am not :wink: