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Sainsbury's Bank

Important information about your balance transfer

Thanks for transferring a balance to your Sainsbury’s Bank Credit Card. When you completed your request, we gave you some important information about the balance transfer. You can find a copy of that information here.



If you make your balance transfer request online or via the mobile app, you’ll be shown details including your balance transfer interest rate; the last day to get this rate; the duration of the balance transfer period; and any transfer fee in the section ‘Your balance transfer details’. After the balance transfer is applied to your account, you will also be able to see these details on your credit card statements. This balance transfer interest rate will only be applied to any balances you transfer before the last day to get this rate.

Balance transfers are also subject to our credit card terms and conditions. The balance transfer interest rate will apply for the duration we stated unless you breach our credit card terms and conditions, for example if you fail to make at least your minimum monthly repayment by the payment due date or if you exceed your available credit limit at any time. If you breach our conditions, then the standard interest rate on balance transfers will apply to the remaining balance from the breach date and your credit file may be impacted as a result.

Any balance remaining after the balance transfer period ends will be charged at your standard balance transfer interest rate. See your statement for details of this rate.

The amount of any balance transfer you make will depend on the credit available on your card. Each balance transfer must be for a minimum of £100. The total amount of the balance to be transferred must not exceed 95% of your available Sainsbury’s Bank Credit Card limit, taking into account your existing balance.

A balance transfer fee may be charged and if so, it’ll be shown under ‘Your balance transfer details’ when you make your request. It’ll also be on your next statement after the transfer is applied to your account. If a balance transfer fee is charged it may not show against your available balance for up to 2 working days from your request. Please take this into account when using your card.

You can only transfer a balance from a card that is in your name and registered at your current address.

Although we can transfer balances from most credit cards, we can’t transfer balances from some store cards, charge cards, and also some credit cards (e.g. other cards issued by Sainsbury’s Bank). Also, balance transfers can’t be made from loan companies and bank accounts.

All transfers are subject to our approval. We may need to call you for more information before proceeding. Once approved, we should receive your balance transfer on the next working day, although occasionally it may take longer if we need to make further validation checks.  

Helpful information on your balance transfer

You should continue to make payments to your other card issuer until your balance transfer request is processed and they receive payment from us.

If you don’t pay off the full outstanding balance each month, any payments you make will be used first to pay off any transactions on which we charge the highest interest rate, then those charged at the next highest rate, and so on down to the lowest rate of interest.

If you’re not on a 0% purchase interest rate, any purchases you make won’t be interest-free unless you pay off your entire balance every month (your balance includes any balance transfers).

If you apply for a balance transfer after the last day to get this rate, we’ll charge a fee on the transfer and interest will be applied at your standard rate on the amount transferred.