Sainsbury's Credit Cards wants interest-free Christmas

www.moneynews.co.uk > Credit cards > Sainsbury's Credit Cards wants interest-free Christmas

Sainsbury's Credit Cards wants interest-free Christmas

Wed 28th Dec 2005

Much Christmas shopping was left to the last minute and boosted spending on cards, Sainsbury's Credit Cards has said.

Almost half (42.8 per cent) of adults intended to go shopping on Christmas Eve, spending to the tune of £1.59 billion, research by the bank predicted.

An estimated 19 per cent of this sum was to be placed on credit cards, totalling £300 million.

Donald MacLeod, Sainsbury's credit cards manager, said: "A card with a long interest-free period can be a good way to spread the cost of Christmas."

Sainsbury's credit cards include the Bank Standard and the Platinum, which offer an introductory zero per cent annual percentage rate on purchases for ten months.

Related News : Credit cards
	Brits spent less in the run-up to Christmas 2011
	Credit card spending fell in 2011
	Credit cards 'can be a useful budgeting tool'
	Credit card usage 'to rise this month'
	New measures to help Brits with finances
	Credit card spending 'less prolific in the last 12 months'
	AA Launches new reward credit card
	Borrowings 'still need to be repaid' during a gap year
	Clear information in credit agreements called for
	Brits 'focusing on zero per cent cards'

Related News : Sainsbury
	Sainsbury's Finance announces loan rate reduction
	People pay out 7m per year due to 'cowboy' traders, claims Sainbury's
	Sainsbury's sees 43% increase in lost or stolen holiday possessions
	Sainsburys Finance highlights benefits of credit card shopping
	Sainsburys Finance encourages customers to read terms and conditions
	Watch out for frosting thefts, advises Sainsburys Finance
	Sainsburys Finance warns consumers over crucial checks
	Sainsburys Finance lauds 'savvy shoppers'
	Sainsburys Finance 'offers extra cash to travellers'
	Sainsburys Finance highlights affordability issues relating to pets