We present deep V, I photometry of the globular cluster Terzan 7, a probable member of the globular cluster system of the Sagittarius dwarf spheroidal galaxy. The metallicity, estimated from a new method based on analytic RGB fits, agrees with previous estimates based on color-magnitude diagrams ([Fe/H]= −0.9 ± 0.1 dex). This result confirms a discrepancy between photometric and spectroscopic determinations. Using both the horizontal and vertical methods to estimate relative ages, we confirm that the age of Terzan 7 is about 70% that of 47 Tuc. A rich population of blue stragglers is found, strongly concentrated toward the center of the cluster.