Comparing UK 0% credit cards online since 2002Are there any current Sainsbury’s credit card offers for existing customers?
Sainsbury’s Bank used to offer a wide range of credit card deals and offers. At one time the bank offered some of the longest 0% introductory offers available in the UK market.
However, recently the number of Sainsburys 0 credit card deals have been greatly reduced. The bank has removed many of their credit card from the market. In addition the remaining Sainsburys 0 credit card offer is now much shorter, than it once was.
There are two main reasons why the Sainsbury’s credit card offers for existing customers, as well as for new customers, have been reduced.
Firstly, the current cost of living crisis has led many banks to shorten their 0% introductory offers. This is due to rising levels of consumer debt.
In addition, Sainsbury’s Bank is now up for sale, and is open to offers. The supermarket retailer plans to exit from the financial business, and concentrate on food and retail.
Sainsburys Bank Balance Transfer Offers For Existing Customers
In general, if you have a bank account, or mortgage for example, with a particular bank, then you are often more likely to be accepted for a credit card issued by that bank. This is because the bank is likely to have a greater understanding, as an existing customer, of your overall use of money.
The Sainsbury’s credit card offers for existing customers are all available online. These current Sainsbury’s Bank interest free credit cards are now no different from the deals and offers, also available to all new customers.
However in the past there have been some Sainsburys bank balance transfer offers for existing customers only. These offers were only ever available to a small number of existing customers.
These carefully selected customers would receive an additional 0% balance transfer offer. This was designed to encourage them to transfer a balance, from another card, to their existing Sainsbury’s credit card.
As a result of Sainsbury’s Bank being up for sale, these Sainsbury’s credit card offers for existing customers are now unlikely to be available going forward.
However, there are Sainsburys bank balance transfer offers for existing customers available from a number of the other card companies. All of the following featured cards will accept balance transfers from Sainsbury’s credit cards.
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- 0% for up to 26 months on balance transfers made within 90 days of account opening
- 3.49% balance transfer fee, minimum £5
- 0% on purchases for 3 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
- 0% interest for up to 16 months on balance transfers made within first 60 days of account opening
- 3.49% balance transfer fee applies (minimum £5)
- 0% interest on purchases for up to 18 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
- 0% for up to 12 months on balance transfers made within 90 days of account opening
- 3.49% balance transfer fee, minimum £5
- 0% on purchases for up to 20 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
- 0% interest for up to 26 months on balance transfers made within first 60 days of account opening
- 3.49% balance transfer fee applies (minimum £5)
- 0% interest on purchases for 3 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
- 0% on balance transfers for 12 months from the date your account is opened
- 3% balance transfer fee in first 60 days, 5% fee applies after 60 days
- 0% on purchases for 3 months from the date your account is opened
- Discounts on Virgin holidays, Virgin trains and Virgin experience days
- Contactless payments to quickly and securely pay for purchases up to £100
- Online card servicing
- Annual Fee: None
- You are a UK resident
- You have a bank or building society account
- You have a good credit history
- You are aged 18 or over
Sainsburys 0 Credit Card
In past years the Sainsburys 0 credit card deals had offered 0% introductory deals on balance transfers which were for 0% for 40 months or more. The 0% purchase credit cards offers were never as long. However, Sainsbury’s did lead the market at one time in offering 0% for 24 months on purchases.
The Sainsbury’s credit card offers for existing customers, when available for selected customers were never as long as this. Generally these offers for the chosen customers were more likely to be 0% for 12, or 18 months.
These existing customer offers would also often have a higher balance transfer fee than the fee available to new customers.
The current Sainsbury’s credit cards are issued using the Mastercard payment network. Mastercard credit cards are accepted at millions of shops, restaurants, hotels and petrol stations around the world.
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