Sainsbury’s Bank in the UK has announced the launch of two cashback credit cards with low charges and new rewards, reports ThisIsMoney.co.uk. Customers who use the Low Rate Nectar Credit Card will receive 2 percent back from their in-store shopping, and get Nectar card points towards Sainsbury’s petrol stations. The second card, named Low Rate Cashback Credit Card, will award customers with 5 percent cash back towards purchases at the grocery store for a total of three months. There is a maximum limit of £1,000 per cardholder each month. After the three months are up, they will no longer receive the 5 percent cash back offer, but will get £5 off if they spend up to £250 at Sainsbury and £250 at other merchants each month.
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