P545 Teletext 545 Oct27 21:12:09  With  Debt  Free —————————————————————————————— Direct SAINSBURY'S UPS STAKES IN CARD WARS Sainsbury's Bank has upped the ante in the fight for credit card customers by launching cards offering interest-free credit on purchases for a full year. The 0% interest period on its new Standard and Platinum Visa cards is the longest on the market, though balance transfers are charged at 5.9%. But as pressure mounts on consumers to cut back on borrowing, what should potential customers be aware of? ——————————————————————————————————1/7—— by Angelique Ruzicka DEBTS OVER £15,000 see ITV1 p364 Cards&loans Holiday £ Homes Racing
P545 Teletext 545 Oct27 21:14:25  With  Debt  Free —————————————————————————————— Direct SAINSBURY'S UPS STAKES IN CARD WARS The new Sainsburu's Bank visa cards charge a 0% interest rate on purchases for 12 months. The rate then reverts to 15.9%. Balance transfers in the first six months are charged at 5.9% for the life of the balance. Users can choose to receive 1 Nectar point for every £2 spent, or 0.25% cash back at the end of the year. ——————————————————————————————————2/7—— "Best buy" personal loans 546 NORTON LOANS SEE p615 ards&loans Holiday £ Homes Racing
P545 Teletext 545 Oct27 21:12:59  With  Debt  Free —————————————————————————————— Direct SAINSBURY'S UPS STAKES IN CARD WARS Stuart Glendinning of comparison site moneysupermarket.com says S!insbury's new 0% credit card is "definitely a good deal — the best for purchases". He points out that payments made to the card are deducted from the balance with the lowest interest rate first, but says "that is the case with most credit cards - it's hard to criticise". But he warns consumers should get a different card for balance transfers. ——————————————————————————————————3/7—— Are you a Premium Bond winner? 539 FOR LOTTERY, WE HAVE THE LOTTO p123 Cards&loans Holiday £ Homes Racing
P545 Teletext 545 Oct27 21:12:15  With  Debt  Free —————————————————————————————— Direct SAINSBURY'S UPS STAKES IN CARD WARS Mike Naylor, principal credit card researcher at consumer watchdog Which? welcomed the deal but warned customers must exercise discipline. "If people understand how these cards work and don't borrow more than they can afford then this is a good deal. "However there is always the risk that people will spend more than they had planned to because for a period of time, it's 'free money'." ——————————————————————————————————4/7—— "Best buy" credit cards 546 MONEY MATTERS! PERSONAL FINANCE p530 Cards&loans Holiday £ Homes Racing
P545 Teletext 545 Oct27 21:13:42  With  Debt  Free —————————————————————————————— Direct SAINSBURY'S UPS STAKES IN CARD WARS When using a card with a 0% interest rate, Frances Walker of the Consumer Credit Counselling Service advises making a note in your diary to clear the balance before the period ends. "There are lots of cards offering 0% on balance transfers," she adds. Barclaycard offers 0% on balance transfers until September 2005, while both Abbey and Virgin provide cards which offer 0% for nine months. ——————————————————————————————————5/7—— National Savings rates 540 GET AWAY FROM IT ALL! HOLIDAYS p200 Cards&loans Holiday £ Homes Racing
P545 Teletext 545 Oct27 21:15:07  With  Debt  Free —————————————————————————————— Direct SAINSBURY'S UPS STAKES IN CARD WARS Sainsbury's credit card launch comes as providers are under increasing pressure from MPs investigating the industry. A Treasury Select Committee has grilled lenders including Barclays, HSBC and Royal Bank of Scotland over lending practices and information provision. The Committee has already heard of a disabled 21-year old man who committed suicide after amassing £15,000 in debt using credit cards and a personal loan. ——————————————————————————————————6/7—— Personal finance headlines 531 CRICKET NEWS...FAST DELIVERY p160 Cards&loans Holiday £ Homes Racing
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