The Sainsbury's Platinum card is a MasterCard issued by Sainsbury's Bank, the first UK supermarket bank. Since 1997, Sainsbury's has been providing in-store banking and financial services to its customers. Their credit card offerings include the Sainsbury's Platinum card, the Sainsbury's Standard card and the Sainsbury's Advantage card. The Sainsbury's Platinum credit card is a great choice for anyone who wants the benefits of a low interest credit card combined with the flexibility of a balance transfer card.
In fact, if you're paying off other credit card accounts at a high interest rate, then this Sainsbury's card may be just what you need. Unlike most other balance transfer card providers, Sainsbury's doesn't charge a balance transfer fee which is typically as high as 2.5%. That means that if you transfer a £1,000 balance from another credit card to the Sainsbury Platinum card, you won't pay the £25 most other balance transfer cards would charge you. After that, you'll pay a low interest rate (typically about 1/3 of the interest rate you're currently paying on that balance) on your transferred balance until it's completely paid off. The savings on your balance transfer fee plus the life of balance guarantee could very easily save you money over even one of the 0% balance transfer deals.
Of course, you should always compare the total cost of transferring your balance to another balance transfer credit card before making a decision. You'll find all the information you need to compare and apply at airaid.co.uk if you decide the Sainsbury's Platinum card is right for you.
