Sainsbury’s Bank has bumped up the 0% period on balance transfers and purchases to 18 months on its Nectar Purchase Credit Card.
In response to increasing competition on the market, the supermarket has decided to step up its game and improve on its previous 16-month offer.
What is an all-round credit card?
These cards suit borrowers who need to move debt but also want a card that will help them break up the payments for a bigger purchase. For a limited period, they can get both, interest-free.
The big plus point of an all-round credit card is that it does two jobs at once, meaning you don't need separate cards for purchases and balance transfers. Not only is that lighter on your wallet, but it also means there's (hopefully) only one application on your credit record rather than two.
Getting more for your money
With the Sainsbury’s Bank Nectar Purchase Credit Card, you collect two Nectar points for every £1 spent on Sainsbury’s fuel and one Nectar point for every £5 spent elsewhere. A major draw is the chance to double your points on your Sainsbury’s shopping.
How it compares
To give you an overview, we’ve gathered some of the best all-round credit cards, all of which offer lengthy 0% periods on both purchases and balance transfers.
|
Credit card |
0% period on balance transfers |
0% on purchases |
Balance transfer fee |
Cost of transferring £2,000 balance |
Representative APR |
| Nationwide Select Credit Card* | 26 months | 15 months | 2.4% | £48 | 15.9% |
|
Halifax 19 Months Balance Transfer and 16 Months Purchase Credit Card |
19 months | 16 months | 2% | £40 | 18.9% |
| Barclaycard Platinum Purchase Credit Card | 19 months | 14 months | 2.49% | £49.80 | 18.9% |
|
18 months |
18 months |
3% |
£60 |
16.9% |
|
|
Bank of Scotland Platinum 18 Month Balance Transfer Credit Card |
18 months |
16 months |
2% |
£40 |
18.9% |
|
18 months |
16 months |
2% |
£40 |
18.9% |
|
| Halifax Online All in One | 15 months | 15 months | 0.8% | £16 | 17.9% |
| Tesco Bank Clubcard Balance Transfer and Purchases | 15 months | 15 months | 0.85% | £17 | 18.9% |
| Bank of Scotland Platinum 13 Month Purchase Credit Card | 13 months | 13 months | 1% | £20 | 17.9% |
| TSB Platinum Purchase Card | 13 months | 13 months | 1% | £20 | 17.9% |
| Lloyd's Bank Platinum Purchase Credit Card | 13 months | 13 months | 1% | £20 | 17.9% |
| Marks & Spencer Bank Mastercard | 12 months | 15 months | 2.9% | £58 | 16.9% |
*Exclusively for Nationwide current account holders
Not the right deal for you? Compare more cards with lovemoney.com
A little less spending, a little more debt recovery
While an all-round credit card does two jobs pretty well, if you are primarily focused on balance transfers or purchases, then they can be beaten.
For example with balance transfers you can now enjoy an incredible 34 months of 0% interest, as the table below highlights.
|
Credit card |
0% period on balance transfers |
Balance transfer fee |
Cost of transferring £2,000 balance |
Representative APR |
|
34 months |
2.99% |
£59.80 |
18.9% |
|
|
33 months |
2.79% |
£55.80 |
18.9% |
|
|
33 months |
2.9% |
£58 |
18.9% |
|
|
33 months |
3% |
£60 |
18.9% |
|
|
32 months |
2.65% |
£53 |
18.9% |
|
|
32 months |
2.69% |
£53.80 |
18.9% |
|
|
32 months |
2.8% |
£56 |
18.9% |
|
|
Bank of Scotland Platinum 32-Month Balance Transfer MasterCard |
32 months |
2.8% |
£56 |
18.9%
|
Alternatively, if getting a lengthy 0% deal on purchases is your main priority, you can get up to 20 months free of interest on your spending. Check out The best 0% purchase credit cards for more.
Compare more credit cards with lovemoney.com
Would you go for an all-round credit card? Let us know in the comments below.