|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    24th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Cared card News feed Credit card News

All Financial News feed All Financial News

Fifth anniversary of Nectar sees rewards

Bookmark and Share

by Kay Mitchell

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.

Discuss this in the Finance Markets forums

Story link: Fifth anniversary of Nectar sees rewards

News posted: September 18, 2007

Financial Services:

Related financial stories to: Fifth anniversary of Nectar sees rewards:
Previous: «
Next: »

Visited 2445 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.