Sainsbury's is on a roll. After the table-topping success of its market-leading personal loan, charging just 6.3pc, the supermarket bank has launched a Nectar credit card. Unlike some of its more specialist rivals, the Nectar credit card is attempting to be the everyman card – offering loyalty points, 0pc on balance transfers and 0pc on purchases. We'll see how the all-rounder stacks up and give our verdict on two other new credit cards to hit the proverbial shelves.

Sweet Nectar

Sainsbury's new Nectar card is a rarity – only 2pc of credit cards offer 0pc terms on purchases and balance transfers as well as loyalty points. The Sainsbury's card has 0pc on balance transfers for 15 months, 0pc on purchases for six months and offers double Nectar points on Sainsbury's shopping. Other purchases earn 1pc cashback. After the 0pc term is up, customers are charged 16.9pc.

Read more on todays story-----> Wealth workout: new credit cards reviewed - Telegraph