Tesco began selling mortgages in 2012, with Sainsbury’s re-entering the mortgage market in 2017, having left it for a period of 12 years to concentrate on selling insurance. finder.com is an independent comparison platform and information service Sainsbury’s is only obliged to award this rate to 51% of it Sainsbury's Bank plc, Registered Office, 33 Holborn, London EC1N 2HT (registered in England and Wales, no. Sainsbury's Bank plc, Registered Office, 33 Holborn, London EC1N 2HT (registered in England and Wales, no. Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority. Get more from Sainsbury’s. The intermediary channel is a preferred route for many of our customers and crucial to our expansion, so we’re also partnering with Legal & General’s Mortgage Club with a view to welcoming more brokers on board over the next twelve months. Last October, Sainsbury’s featured in the top 10 best rates on six of the seven types of mortgage it offered. Vouchers will only be valid until the expiry date printed on the voucher, which will be up to one month from date of issue. Following a strategic review, the bank has decided that it will no longer be open to mortgage applications with immediate effect. Sainsbury’s plots sale of banking arm as near-zero interest rates bite. But were to it to offer these rates now, only two deals would still look competitive. The changes affect the bank’s two- and five-year fixes. The added bonus of a shopper reward is an innovative move that makes the deal even more appealing for Sainsbury’s shoppers – the option to earn up to £400 vouchers off shopping over two years is not to be sniffed at.”, David Hollingworth of L&C Mortgages, said: “We welcome more competition in the mortgage market and particularly from those entrants that have put real customers at the heart of their design. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT. Sainsbury’s Bank reserves the right to alter, cancel or withdraw the offer at any time, without prior notice. Customers applying over the phone can call 0345 111 8005 between 8am and 9pm Monday to Friday or between 9am and 4pm on Saturdays and 10am to 1pm on Sunday. Rate fixed for 2 years after which reverts to the variable rate of 3.59%. Our Mortgage Service - helping you make the right decision. £9.00. Tell us about your existing mortgage and we will show the options we have for you. Our current Standard Variable Rates are: 3.84% for our Residential mortgages 4.59% for our Buy to Let mortgages If you took out your mortgage before 2005, please call us on 0345 111 8020** and we’ll confirm what rate you are currently paying Sainsbury’s Bank latest lender to cut mortgage rates. Representative 2.9% APR, annual interest rate (fixed) 2.9%. The mortgage is secured on your home. Some big high street lenders have shunned the auction of Sainsbury's Bank's mortgage book, Sky News understands. Exactly what mortgage products are available to a borrower will be dependent on both what they are looking for as well as their financial details such as the size of deposit they have and their credit history. Sainsbury's Bank will no longer offer new mortgages, but existing customers aren't affected. (fixed) with an application fee of £240.00. Sainsbury's Supermarkets Ltd is an appointed representative of Sainsbury's Bank plc. 3.In 2015, Legal & General’s operating profit (IFRS basis) was £1,455m and adjusted earnings per share were 18.58p for the period, an increase of 14% and 11% respectively. It’s likely that Sainsbury’s Bank will structure their mortgages in a similar way, with the option for borrowers to have the interest rates remain fixed or tied to the Bank of England base rate for a length of time. Charges may apply. The changes affect two- and five-year purchase and remortgage products. Fixed rate mortgages: With these mortgages, the rates are fixed for a period of 2, 3 or 5 years and provides you certainty over your Sainsbury mortgage for that time frame. You’ll earn 5 bonus Nectar points per £1 of qualifying spend at Sainsbury’s during your fixed rate offer period, up to a maximum of 20,000 points per month. J Sainsbury PLC said Thursday that it will forgo the business rates relief it received from the U.K. government and the devolved administrations … The two-year 60 per cent LTV purchase mortgage has seen its rate increased from 1.48 per cent to 1.50 per cent, alongside a series of five-year purchase […] We’ll help you throughout the mortgage process – no hidden costs or surprises, just straightforward, honest, mortgage advice. Special features of what we offer include: To investigate your mortgage options call our mortgage team on 0117 313 7780 or fill in our call back form. "The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support. We won’t send you vouchers if you earn less than £5 worth of vouchers in that quarter. Lenders generally require borrowers to place a deposit on the mortgage, the ratio between how much of a property’s value has been paid for by the borrower's deposit and the mortgage loan is referred to as the mortgage ‘Loan to Value’ (LTV). We calculate the value of the voucher(s) you will receive in a quarter by taking the “points earned on” total for each transaction in that quarter and rounding it up to the next £1. Both home purchase and remortgages include a unique reward scheme for supermarket customers. This means for example for a property worth £100,000 on a 95% LTV mortgage the borrower would need to put down at least £5,000 as a deposit to make up the remaining value of the property. Sainsbury’s Bank has increased its rates across its residential product range following the Bank of England’s recent decision to raise the base rate. This would depend on who Sainsbury’s sells its mortgage loans to. Was £2.70. We will offer residential home purchase mortgages and remortgages for first time buyers, lending into retirement for certain customers and for the self-employed, across the whole of the UK. Sainsbury's banks on bids for £1.9bn mortgage book. Nationwide leads race for £1.9bn Sainsbury's Bank deal. We reserve the right to terminate this offer from the date: you fail to meet the terms of your mortgage; or you repay the mortgage; or if you move (“port”) your mortgage to another property. Sainsbury’s Bank had mortgages that offered lucrative incentive packages and many were priced competitively for borrowers with smaller deposits of 20%. Was £8.00. Special features of what we offer include: Whole of market service - Access to leading market mortgage rates; Access to exclusive loan deals not available on high street; Fast turnaround - speak to us today if you need to move quickly; We have lenders who will take into … The range includes fee-free products. Sainsbury's may sell its mortgage porfolio to another lender in the future. Most mortgages have a variable interest rate which the provider can increase or decrease to remain competitive. The telephone number must contain between 9 and 12 numeric characters. - we have access to a range of finance solutions. £0.95. Shop now. Sainsbury’s Bank had mortgages that offered lucrative incentive packages and many were priced competitively for borrowers with smaller deposits of 20%. The supermarket announced its exit from the mortgage market in September, just over two years after it re-entered the sector. Since its establishment in 1997, Sainsbury’s Bank has grown to offer insurance, travel money services, mortgages and more. A spokesperson for Nationwide told Mortgage Solutions: “We can confirm we are in discussions with Sainsbury’s Bank regarding the purchase of the mortgage book. So, even if you spend more than £1,000 in the quarter, you’ll only earn a £50 reward. Vouchers may ony be used instore as per the terms specified on the vouchers and cannot be used to buy from Sainsbury’s websites. Our range of fixed and variable rate products offers flexible features(1) that allow overpayments, underpayments, and payment holidays. Available with either two or five year fixed terms, each offers a £250 cashback incentive and free valuation, with rates starting at 3.49% (3). Direct, non-advised online applications will be launched later this year. Whether interested in a residential or buy to let mortgage, an individual may benefit from using the services of an independent mortgage adviser; advisers that offer a whole of market service can use their professional knowledge of the industry to search across lenders to try and find the right deal for their clients, as well as offering them impartial advice. A spokesperson for Nationwide told Mortgage Solutions: “We can confirm we are in discussions with Sainsbury’s Bank regarding the purchase of the mortgage book. Our qualified advisers will help you secure the best mortgage deal whether you’re a first time buyer, remortgaging your home, buying to let or moving up the property ladder. The optional information below will help us to contact you. I accept Fair Mortgages Terms & Conditions and Privacy Policy. Representative APR applies to loans of £7,500 - £25,000 up to 5 years for Nectar members. The Group has a market capitalisation of £14.6bn (as at 08 December 2016) and is responsible for investing £841.5bn worldwide (as at 30 June 2016) on behalf of investors, policyholders and shareholders. For a FREE initial conversation about your mortgage options complete our short enquiry form. Sainsbury's mortgage business could fetch £1. Over time we will review and add to our mortgage range, this will include launching buy-to-let as well as refining our entry product offers. As of 2017 Sainsbury’s Bank will offer mortgage products to UK borrowers. Sainsbury's, hit by both its botched merger with Asda and a ferocious mortgage price war, announced it would axe new home loans and intends to stop ploughing extra capital into its bank. Offloading its mortgage business would allow Sainsbury… Shop Now. Sainsbury's Bank has made changes to its mortgage range. The supermarket giant, which set up its banking arm just over two decades ago, will no longer provide mortgages to customers after reporting falling profits. To find out if Fair Mortgages could help you, fill in the contact form on this page to request a call-back or call directly on: 0117 313 7780. We’re delighted to be working with Sainsbury’s Bank as initial intermediary pilot partner.”. Rate fixed for 2 years after which reverts to NatWest variable rate of 3.59%. Sainsbury's Bank will no longer offer new mortgages, but existing customers aren't affected. Joining the rate-cutting club alongside Leek United and Tesco Bank, Sainsbury’s Bank will offer improved mortgage rates within its residential and buy-to-let product range from Monday 9 July.. The financial products and services subsidiary of Sainsbury’s, Sainsbury’s Bank was the first bank in the UK launched by a supermarket. However, recent years have proved difficult for smaller lenders, with low mortgage rates making it much harder to profit from mortgages, and compete with the big banks. The two-year purchase product changes are as follows: 60 per cent LTV increased to … Shop now. Terms and conditions apply to all our flexible features. Market analysis commissioned by Sainsbury’s Bank Mortgages found that currently just under 8 per cent of mortgage products offer an LTV of 95% or more (2). Mortgages can be placed into three categories based upon how the debt balance is repaid. The supermarket giant has begun exploring a sale of the banking arm it launched in 1997, Sky News learns. A n industry source, however, said that Sainsbury’s could struggle to sell because its costs are too high, something the supermarket chain rejects. 1. “We’ve built our new mortgages in response to our customers’ needs, they told us they wanted to feel supported through the whole process, that they wanted the flexibility to pick the advice that suits them, and to receive a good deal.”. Sainsbury's, hit by both its botched merger with Asda and a ferocious mortgage price war, announced it would axe new home loans and intends to stop ploughing extra capital into its bank. Invalid value. Tag Result: sainsbury’s mortgage rates. Joining the rate-cutting club alongside Leek United and Tesco Bank, Sainsbury’s Bank will offer improved mortgage rates within its residential and buy-to-let product range from Monday 9 July.. Published: 17:15 EST, 26 December 2020 | … Switching your existing Sainsbury’s Bank Residential Mortgage to a new product with us could save you time, money and hassle. Apply for one of our mortgages by 26th February 2018 (inclusive) and if your application is approved, you’ll be eligible to receive 5% of your grocery shopping bill back in vouchers for two years from the start date of your mortgage. TONY HETHERINGTON investigates. Fixed rate mortgages: With these mortgages, the rates are fixed for a period of 2, 3 or 5 years and provides you certainty over your Sainsbury mortgage for that time frame. Mortgages; Interest rates; Sainsbury’s PLC; H omeowners who took out a mortgage with Sainsbury’s Bank risk having their accounts transferred to a … The following spend is excluded from this offer and we won’t include it when we work out the value of the voucher(s) you receive:-. Our range of fixed and variable rate products offers flexible features (1) that allow overpayments, underpayments, and payment holidays. It's therefore possible that many of its customers are still within their fixed periods. Whether you're stepping up, moving on or staying put, when it comes to finding competitive rates and a mortgage deal that's right for you, TSB is here to help. This website uses cookies to improve user experience. The UK's biggest building society is closing in on a deal to buy Sainsbury's Bank's £1.9bn mortgage book, Sky News learns. Sainsbury’s Bank is extending its mortgage range with the launch of new Buy to Let (BTL) products solely available via its ever growing network of broker partners, a key stage in its expansion. Your first voucher(s) will be based on your eligible spend in the first three months from the start date of your mortgage. Most starkly, last year’s 1.39% on a two-year fix at 60% LTV would now only be the 18th cheapest deal on the market, down from third place last year. How to Get an Interest Only Mortgage in Retirement, Case Study - Mortgage For Auction Property And Finance Raise For HMO, Case Study - Remortgage Of 4 Flats To Buy New Buy To Let Property, Bridging Loans For Property Refurbishment, Access to exclusive loan deals not available on high street, Fast turnaround - speak to us today if you need to move quickly. But they will also factor in to the calculation other considerations such as the borrower’s credit score, existing credit commitments, dependants and any other regular outgoings. Shop now. Mortgage pricing has been set to ensure Sainsbury’s Bank products are competitive and affordable with rates starting from 1.34%. To do so they will assess the combined income of all the applicants for the mortgage compared to the amount they wish to borrow. The two-year 60 per cent LTV purchase mortgage has seen its rate increased from 1.48 per cent to 1.50 per cent, alongside a series of From the start date of your mortgage, we’ll send you vouchers every quarter, for a period of two years (unless we remove the offer in accordance with these terms and conditions). Viewing your mortgage account online. 1.Established in 1836, Legal & General is a leading provider of insurance, savings and investment management products in the UK. www.landc.co.uk. This means that profit margins are extremely low and only companies selling high volumes of mortgages, i.e. You have to use your Nectar card each time you shop at Sainsbury’s and the maximum reward you can earn in each 3 month period (“quarter”) is £50, even if 5% of your spend amounts to more than this. You can view your mortgage account and get your up-to-date balance through Internet Banking and our App. Sainsbury's personal loan is also cheaper than the best-buy two-year and five-year fixed-rate mortgages for borrowers with a 5pc deposit. The launch marks the start of our expansion into the mortgage market. Shop now. Both home purchase and remortgages include a unique reward scheme for supermarket customers. Sainsbury’s has followed supermarket rivals and revealed plans to pay back £440 million in business rates relief it received during the coronavirus crisis. Sainsbury’s Bank latest lender to cut mortgage rates. 3. Tag Result: sainsbury’s mortgage rates. The mortgages reward the customer loyalty of Sainsbury’s shoppers, by letting them earn up to £200(3) a year (in vouchers) off their shopping, for two years. A mortgage of £166,000 with an assumed start date of 30/06/2018 payable over 25 years initially on a fixed rate for 2 years at 3.69% and then on our current variable rate of 4.24% for the remaining 23 years would require 24 monthly payments of £848.05 and 276 monthly payments of £894.95. Catherine More, Head of Mortgages Sainsbury’s Bank said: “Mortgages and grocery shopping are some of our customers’ biggest household expenditures and we’re uniquely placed to help them out with both. The additional telephone number must contain between 9 and 12 numeric characters. If you are looking to retain your mortgage with Sainsbury’s Bank, we’ll allow you to switch to a new deal within 90 days of your existing deal ending, without any early repayment charges being applied. The firm, which has only been selling mortgages since 2017, offered a range of fixed-rate mortgages including two-year and five-year fixed mortgages. Vouchers can be redeemed in any Sainsbury’s supermarket or Sainsbury’s Local in the UK. The supermarket giant has begun exploring a sale of the banking arm it launched in 1997, Sky News learns. However, Whether you are looking for a residential mortgage to buy your first home or move, looking for finance to buy a second home, or perhaps looking for a buy to let mortgage for investment property it is wise to first shop around a variety of different lenders before taking out a mortgage, to try and find the best deal on a product that fits your specific needs. By Tony Hetherington, Financial Mail on Sunday. Sainsbury’s Bank has increased rates across its residential purchase and remortgage product range by up to 0.33 per cent. Remortgage customers will benefit from fee-assisted valuations and legal advice. Offer available to new residential mortgage account customers only. We have lenders who will take into account previous defaults and missed payments. Customers can contact the Bank direct over the phone and speak to our team of mortgage advisers, or apply through initial intermediary pilot broker partner, L&C Mortgages. Should you decide to move your mortgage to another lender, early repayment charges will apply up to the expiry of your existing mortgage deal. Remortgage customers will benefit from fee-assisted valuations and legal advice. Mortgage Calculator. If you give us your Nectar card number after the start date of your mortgage, we’ll backdate your reward to the start of the current quarter only, and you’ll benefit from the reward from then, for the remainder of the offer, i.e. It also ran its popular Nectar scheme as an additional perk for mortgage customers too. "We know that the internet is the first port of call for many people when looking for mortgage solutions; our view is, yes use the internet to do your own research , but then bring it to us and we’ll let you know how your findings compare and then give you the information and advice you need - so that you can make the right decision for your future.” Adam Arnott, Head of Mortgages & Protection. The range includes fee-free products. Sainsbury's Mortgages Compare Sainsburys Mortgage Rates. The new Sainsbury’s boss is reportedly planning a sale of the supermarket’s banking arm as the impact of near-zero interest rates hit. Representative Example:Mortgage of £100,000 on property valued at £200,000 over term of 25 years. We’ll post your voucher(s) to the mortgage address no later than 60 days after the end of the quarter. Was £2.00. Over 1 million people have already come to L&C Mortgages for expert, fee free mortgage advice. £7.00. We count spend on all Nectar cards linked to the Nectar card number you give us at the time of your application. The changes affect the bank’s two- and five-year fixes. Sainsbury’s Bank has increased its rates across its residential product range following the Bank of England’s recent decision to raise the base rate. Additionally, Sainsbury’s shoppers often benefit from extra rewards and better deals when using the Bank. More information about our Personal loans The bank launched their mortgage product in 2017 and has blamed competition for its withdrawal from the marketplace. Underlying profits were £24m in 2018, down from £62m the year before. £2.00. It also ran its popular Nectar scheme as an additional perk for mortgage customers too. The new range, which can be seen in detail at sainsburysbank.co.uk initially includes a two (fee and no fee options), and five-year fixed rate product, and a two-year tracker with us offering loan-to-values (LTVs) of up to 90%, and we will consider customers aged up to 70 years old. Sainsburys Bank Interest Rates. So if you’re two years into a five-year fixed-rate deal, the new lender won’t be able to immediately raise your interest rate and monthly repayments, for example. Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Sainsbury’s Bank has increased rates across its residential purchase and remortgage product range by up to 0.33 per cent. Lending subject to status. Compare mortgage rates and fees . Sainsbury’s Bank is launching mortgages especially designed and developed for the Sainsbury’s customer. For more information on Legal & General, please see www.legalandgeneralgroup.com, Launching with flexible features that allow overpayments, underpayments, and payment holidays, Available for first time buyers, lending into retirement and for the self-employed, We’re offering mortgages that come with a shopping reward, Flexibility – mortgages available direct and through intermediaries, Range includes fixed and variable mortgages with LTVs of up to 90%. Sainsbury’s is just the latest in a series of lenders increasing rates. We won’t carry any amount into the next quarter. I enquired about automatic increases with Sainsburys Bank but they tell me that they only notify customers about reductions in interest rates, ... Mortgage Best Buys. Sainsbury’s Bank has trimmed a number of two and five-year fixed mortgage rates, as lend... Aug 24, 2018 • 0; Sainsbury’s scraps base rate tracker mortgages. They will also ‘stress test’ the calculation to see if the borrower would still be able to afford their monthly mortgage payments if its interest rates were to rise. Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? 2. NatWest withdraws lending into retirement product range. Our Mortgage Service - helping you make the right decision. Barclays and NatWest are among other lenders to have recently pushed up costs citing market conditions. Sainsbury’s completed £1.1bn in new mortgage lending in 2018 and its overall loan book stood at £1.4bn, with net interest margin cut by a full 1.1 per cent to 3.8 per cent as the competitive market took hold. The changes affect the bank’s two- and five-year fixes. However, recent years have proved difficult for smaller lenders, with low mortgage rates making it much harder to profit from mortgages, and compete with the big banks. The two-year 60 per cent LTV purchase mortgage has seen its rate increased from 1.48 per cent to 1.50 per cent, alongside a series of Sainsbury’s Bank has trimmed a number of two and five-year fixed mortgage rates, as lend... Aug 24, 2018 • 0; Sainsbury’s scraps base rate tracker mortgages. Changes are are as follows: Two-year fixed rate purchase range: 60% LTV increased to 1.57% with a £995 product fee 60% LTV increased to 1.92% with no product fee 75% LTV increased to 1.61% with a £995 product fee 75% LTV in Sainsbury’s has announced that it will no longer be providing mortgage loans, following rival supermarket Tesco out of the mortgage market. Natasha Virtue, Sainsbury’s Bank on 0131 286 0010 / bank_communications@sainsburys.co.uk / Citigate Dewe Rogerson 020 7368 9571, We calculate the amount you receive in vouchers based on the “points earned on” total shown on your till receipt when you spend in Sainsbury’s stores or at Sainsbury’s online. It may mean that if you want to remortgage at the end of that fixed term, you’ll have to move to a new lender. Our Mortgage Service - helping you make the right decision. Why won't Sainsbury's just say who stole my 6,000 Nectar points? By using our website you consent to all cookies in accordance with our Cookie Policy. Sainsbury’s declined to say how many customers it has, but in May it said it had lent £1.4 billion in mortgages. 3279730) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Register no. So your qualifying spend needs to be at least £100 in the quarter to earn the minimum £5 reward. The changes affect two- and five-year purchase and remortgage products. up to the end date of two years from the start date of your mortgage. Sainsbury's Indian Takeaway For 2 Chicken Tikka, Jalfrezi and Naan. I ts total income edged up 1.8pc to £332m from £326m. Sainsbury’s has around 10,000 mortgage customers and in 2018, it completed £1.1bn in mortgage lending. Sainsbury's Bank says it will continue to provide a full service to existing customers, and for now nothing will change. As your mortgage is such an important transaction, good advice is imperative. Representative Example:Mortgage of £100,000 on property valued at £200,000 over term of 25 years. We use your Nectar card to work out your qualifying spend so you must hold a valid Nectar card in your name and tell us your Nectar card number to receive this offer. 2.Legal & General has over seven million customers in the UK for life assurance, pensions, investments and general insurance plans and over one million customers in the US who rely on us for life assurance. Invalid value. Your home may be repossessed if you do not keep up repayments on your mortgage. Mortgage pricing has been set to ensure Sainsbury’s Bank products are competitive and affordable with rates starting from 1.34%. Variable rate mortgages: You can access a host of variable mortgages through Sainsbury mortgages and this mortgages will have a variable rate which can be increased or decreased at any time by Sainsbury mortgages. Mortgages come with different LTV bands and mortgages with lower LTVs tend to offer better interest rates than comparable mortgages with higher LTVs. Sainsbury's may sell its mortgage porfolio to another lender in the future. The exit of Tesco and Sainsbury’s from the mortgage market, along with AA in February, takes place against the backdrop of a fierce price war in the industry. You can give us your Nectar card number when you apply for your mortgage or at any time during the first year of your mortgage. Sainsbury’s declined to say how many customers it has, but in May it said it had lent £1.4 billion in mortgages. 184514). Tesco Bank this week raised its fee-free five-year fixed-rates for purchase and remortgage from 60% – 80% LTV . Andrew Hagger of Moneycomms said: “It is good to see a provider entering the mortgage market with such a competitively priced range of products across the full range of LTVs. For borrowers with a 10 per cent deposit or equity, a two-year fixed rate starts at 2.09 per cent with a £995 fee, monthly repayments of £642.37 and an overall cost … The total amount repayable will be £10,744.20. It re-entered the mortgage market in April 2017, having withdrawn its previous offering in 2004. Doritos Cool Original Tortilla Chips 180g. Was £11.50. Lender’s carry out affordability checks upon mortgage applicants in order to assess if they will be able to afford to keep up with their mortgage payments. Sainsbury’s Bank has taken the decision to withdraw from the mortgage market. Residential mortgages tend be available with smaller deposits than buy to let products. Economic uncertainty has led to historically low rates and a tendency towards longer fixed-term mortgages. Sainsbury's Cauliflower Cheese, Taste the Difference 400g. You can find a full list of these in the FAQ section at sainsburys.co.uk/Nectar. purchases made at Sainsbury’s Telecoms, Energy or at Argos or Habitat; purchases made at Sainsbury’s Petrol Filling Stations; items on which you don’t collect Nectar points at Sainsbury’s. The two-year purchase product changes are as … Sainsbury’s (SBRY.L) is exploring the sale of its banking operation as ultra-low interest rates eat into the lenders profits. Sainsbury's Mortgages Compare Sainsburys Mortgage Rates. 184514). The supermarket announced its exit from the mortgage market in September, just over two years after it re-entered the sector. Rate fixed for 5 years after which reverts to NatWest variable rate of 3.59%. We are also introducing a mortgage that comes with an added shopper reward. 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