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0% offer extended on Sainsbury’s Credit Card

Sainsbury’s Finance has extended the 0% introductory period on the Sainsbury’s credit card by seven months. The deal, which originally launched with a three month 0% interest period, gives card holders a typical APR of 15.9%, dropping 1% from 16.9, in comparison to the average credit rate of 18%. The supermarket giant is also offering 0% on all balance transfers for ten months too, although it is subject to a 3% fee.

The announcement comes hot on the heels of a report that noted the fact that most credit card providers have slashed the number of 0% deals on offer due to the credit crunch. Cardholders can also enjoy other benefits, including no annual fee, and fraud protection that covers customers at home, online and abroad.

Head of Sainsbury's <credit cards, Stuart Mckeggie, explained: "By increasing the 0% period on our card and decreasing the typical APR, we are bucking the trend and hopefully offering borrowers a bit of respite in what is still a tough economic climate for many people."

Compare a wide range of credit cards and find a fantastic deal online.

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