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New Sainsbury’s Credit Card Offers Include Longest 0% Interest On Both Purchases & Balance Transfers And A 33 Month 0% Interest Balance Transfer Card (1)

08 September 2014

Monday 8th September

Sainsbury’s Bank is today (Monday 8th September) making its already competitive credit card offering even more attractive. Two new offers are now available: the market’s longest ever balance transfer and purchase credit card, both for 18 months(1), and a card offering 0% interest on balance transfers for 33 months(2).

According to research by MoneyComms.co.uk(1), the new Sainsbury’s Nectar Purchase Credit Card offers the longest combined 0% interest period for both balance transfers and purchases. It is also the first card to ever offer such favourable terms even before the value of its reward scheme is considered.

The research(1) also shows the new Sainsbury’s Nectar Balance Transfer Credit Card offers the joint-longest 0% interest period for balance transfers(1).

Simon Ranson, Head of Banking, Sainsbury’s Bank said: “Our new credit card offers reinforce our commitment to providing good quality, competitive products that add value by rewarding our customers each and every time they use their card.”

The new Sainsbury’s Nectar Purchase Credit Card offers:

The new Sainsbury’s Nectar Balance Transfer Credit Card offers:

To keep the promotional rate, customers must pay at least the minimum payment by the due date and stay within their credit limit. Nectar rewards listed above are available on all Sainsbury’s Bank credit cards currently available.

For information on all Sainsbury’s Bank credit cards, visit www.sainsburysbank.co.uk

– Ends –

This press release is information for journalists only and is not intended to be a promotion to be acted upon by consumers.

For further information, please contact:

Emma Murphy / Phil Anderson

Citigate Dewe Rogerson

020 7282 1072 / 1031

Lorna Gilmour

Sainsbury’s Bank

0131 338 2863 / lorna.gilmour@sainsburysbank.co.uk

Rates and information correct at date of issue.

Notes to editors:

(1)   According to research conducted by MoneyComms.co.uk on 21st August, 2014.

(2)   18.9% APR Representative Variable.

(3)   Customers using their Sainsbury’s Nectar Credit Card instore or online at Sainsbury’s earn 2 points per £1 spent and 2 Nectar points per £1 spent when using their Nectar card. Therefore, the combined post-introductory reward is 4 points earned per £1 spent. Points are not available on a limited range of Sainsbury’s goods and services. Travel Money purchases are not eligible for points. Nectar points are awarded to customers by Sainsbury’s Supermarkets Limited and Sainsbury’s Bank plc. Nectar points may take up to six weeks to appear on customers’ accounts. More information is available at sainsburysbank.co.uk.

Sainsbury’s Bank:

To view our latest press releases and product information, please visit the Sainsbury’s Bank online media centre at www.sainsburysbank.co.uk/media

Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Bank provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times. Our products consistently top best buy tables and regularly win awards for quality, price and service.

Sainsbury’s Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514). Sainsbury’s Bank is a member of the Financial Services Compensation Scheme.