42 months interest free balance tranfers on a CC @ sainsburys bank (Nectar card bonus) - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HotUKDeals, you accept our cookie and privacy policy.
Get the HotUKDeals app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit
259Expired

42 months interest free balance tranfers on a CC @ sainsburys bank (Nectar card bonus)

£0.00 @ Sainsbury's Bank
Want a credit card with interest free transfer for a long period of time?.... look no further! Only a 4% fee for transfer then a long 3 and a half years interest free! Also 3 months interest … Read More
Danjw91 Avatar
9m, 1w agoFound 9 months, 1 week ago
Want a credit card with interest free transfer for a long period of time?.... look no further!

Only a 4% fee for transfer then a long 3 and a half years interest free!

Also 3 months interest free on purchases!

Nectar cardholders exclusive: 0% interest on balance transfers for your first 42 months. Apply by by 31st October 2016
4% balance transfer fee applies to transfers made within your first 3 months, 3% afterwards (min. £3 at all times).*
Pay 0% interest on purchases for your first 3 months
No annual fee
Deal Tags:
More From Sainsbury's Bank:

All Comments

(16) Jump to unreadPost a comment
Comments/page:
1 Like #1
Quirky, 4% in first 3 months, 3% after that :)
#2
Sainsbury's Bank Nectar Low Balance Transfer Fee Credit Card
0% interest on balance transfers for your first 33 months
Balance transfer fee of 0.69% by refund (1.5% initial fee reduced by refund).
Applies to transfers made within your first 3 months, 3% afterwards (min. £3 at all times)*
0% interest on purchases for your first 3 months
No annual fee
total cost of £12 based on £1,800 & £60pm

https://www.moneysupermarket.com/credit-cards/balance-transfer/


Edited By: watson44 on Oct 16, 2016 21:54
#3
4% fee. Ouch
#4
manicmidlander
4% fee. Ouch


Yeah, "only a 4% fee..." double ouch!
1 Like #5
Or 2 months less with 2.42% transfer fee - 40 Months
#6
compared to the normal 12-20% interest on credit cards 4% doesnt sound too bad
#7
Seems like transfer fees are creeping up these days. But, still an excellent offer and better than a straight loan due to the more flexible payments (IF you are the organised/disciplined type!) and lower interest rate.

Edited By: bellboys on Oct 17, 2016 09:59
1 Like #8
Can someone please explain to me how balance transfer cards work? Am I right in thinking that I take out one of these cards and then I am able to transfer the total limit of the card as cash direct to my bank account which I then have 42 months to pay off before the interest starts to kick in?

How much limit do these cards have? I am going through a house move so could do with one of these to purchase house furnishings without having to worry about paying interest.
1 Like #9
MrGamer123
Can someone please explain to me how balance transfer cards work? Am I right in thinking that I take out one of these cards and then I am able to transfer the total limit of the card as cash direct to my bank account which I then have 42 months to pay off before the interest starts to kick in?

How much limit do these cards have? I am going through a house move so could do with one of these to purchase house furnishings without having to worry about paying interest.


Think you need a money card for what you are describing, there was a deal on here a while back for a virgin one, worth looking at for the comments section alone :D:D
#10
MrGamer123
Can someone please explain to me how balance transfer cards work? Am I right in thinking that I take out one of these cards and then I am able to transfer the total limit of the card as cash direct to my bank account which I then have 42 months to pay off before the interest starts to kick in?

How much limit do these cards have? I am going through a house move so could do with one of these to purchase house furnishings without having to worry about paying interest.


No you need to do a money transfer for that. Your existing credit card may already offer you the ability to do this, give them a call. Otherwise just get a card that offers interest free on purchases for a long period (2/3 years)
#11
MrGamer123
Can someone please explain to me how balance transfer cards work? Am I right in thinking that I take out one of these cards and then I am able to transfer the total limit of the card as cash direct to my bank account which I then have 42 months to pay off before the interest starts to kick in?
How much limit do these cards have? I am going through a house move so could do with one of these to purchase house furnishings without having to worry about paying interest.


Most cards depend on your credit score and what they're willing to give you on that score. I mainly posted this deal for the fact I get CCs and when the interest free runs out I'll get another one with like 32 months or more to transfer the money over. What you're after which has been stated is a money transfer which most cards will do and it's basically if you have a limit of say '£2000' then you can transfer all that into your bank and pay it off monthly. Just search on Google "Interest free credit cards" and read the ones that have 'money transfer'

But if you're wanting to do a money transfer then you might as well just get a CC that's got interest free on purchases. I've just done a Virgin on with 25 months interest free on transfers and purchases, so why not buy one with 25 months interest free on purchases and just do it that way.

Edited By: Danjw91 on Oct 17, 2016 11:17
#12
Thanks guys, ill take a look at interest free credit cards. As you can tell I have never got a credit card in my life :D so this will be my first and last hopefully.
#13
MrGamer123
Thanks guys, ill take a look at interest free credit cards. As you can tell I have never got a credit card in my life :D so this will be my first and last hopefully.


You'll probably struggle to get an interest free card if you've never had one before. By all means give it a go though.
#14
MrGamer123
Thanks guys, ill take a look at interest free credit cards. As you can tell I have never got a credit card in my life :D so this will be my first and last hopefully.

The ironic thing is you may struggle to get a card like this if you have never had a credit card before. Credit card companies like to see a history of you being in debt and paying what is due on time each month.
#15
great!! cheers!!
#16
What kind of card are you more likely to be accepted for? A balance transfer one or a 12/24 month interest free one?

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Top of Page
Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!