UK - Supermarkets And Financial Services Products
The Guardian reports from the UK on how important financial services products have become to Sainsbury's and Tesco, the two big supermarket chains in the UK.
Supermarkets generally fare better when it comes to best buys. Sainsbury's Visa card has an introductory rate of 0 per cent for purchases in the first 10 months, which reverts to 15.9 per cent thereafter. It also has a balance transfer rate of 5.9 per cent for the life of the balance.'Sainsbury's in particular stands out amongst the supermarkets when it comes to credit cards,' says Andy Britchford of moneyfacts.co.uk. 'It has the longest introductory purchase rate on the market. The only downside is that its standard purchase rate is a bit above average.'
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