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Fifth anniversary of Nectar sees rewards

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by Kay Mitchell
”Fifth

It is the fifth anniversary this month of Nectar, the UK’s leading loyalty card, and the second anniversary of the joint venture between Nectar and American Express.

To recognise this accolade, new Nectar Credit Cardmembers are being offered 5,000 bonus points when they spend over £200 at participating Nectar sponsors in the first 90 days of Cardmembership.

Furthermore, up to 6 points can now be earned for every £1 spent at participating sponsors and up to 2 points for every £1 spent elsewhere.

Since its launch 5 years ago, Nectar has rewarded over £850 million and it is anticipated that this will reach £1 billion by the end of the year. Cardholders can also take out additional cards on their account, further adding to the rewards. The Nectar Credit Card has a typical rate of 15.9% APR variable.

A spokesperson for American Express said that the Nectar Credit Card is a clever way to pay for all your purchases whether at home or overseas. With additional points and the first 3 months double points offer, customers can earn treats and collect points from Nectar even quicker.

However, a survey by American Express established that 43% of credit card holders are offered no rewards at all. That is the equivalent of almost 20 million UK consumers with unrewarding credit cards.

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News posted: September 18, 2007

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