Sainsbury's credit card offers alternative rewards

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Sainsbury's credit card offers alternative rewards

Sainsbury's Finance has released a new credit card which offers customers the chance to earn loyalty points and cash back rewards.

The new piece of plastic offers up to two per cent cash back on any items purchased at Sainsbury's, which are given to customers as Nectar points and can be used in stores.

This level of cash back is higher than the average 0.52 per cent reward offered on other credit cards currently on the market.

In addition, Sainsbury's customers who take out the new card will be able to get double Nectar points in shops, at petrol stations or when shopping at the Sainsbury's online store.

Research from Sainsbury's found that, compared to four years ago, the credit card market does not currently offer as many cash back rewards to users.

Out of the 224 credit cards which UK customers can take out, only 13 per cent offer cash back on spending, compared with 43 cards back in 2005, Sainsbury's revealed.

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