Get 30,000 Nectar points for taking out the (first year free) Amex Nectar credit card!

(EDIT:  There was a mistake in the first draft of this article.  EVERYONE gets the first year of card membership for free now.  It is no longer restricted to people who have no other Amex cards. )

Nectar has launched a generous sign-up bonus with their American Express credit card. This offer seems to not be targetted as you can find it on the Nectar website without having to log into your account.

In general we don’t cover credit cards on Shopper Points a lot. If you want to find out more about loyalty credit cards (at least the travel ones), head over to our sister site Head for Points.

However every now and then you can get a great sign-up bonus on High Street loyalty cards (either Tesco Clubcard or Nectar points) with a new credit card and we don’t want you to miss out on this one.

Full details of the American Express Nectar credit card can be found on the American Express website here. As you can see, the standard sign-up bonus is 20,000 Nectar points. This isn’t a bad deal on its own.

However, until 1st November you will receive 30,000 Nectar points if you apply via the link on the Nectar website and spend £2,000 on the card within 90 days.

This is a generous deal although last year the sign up bonus was 40,000 Nectar points for a short time.

The Nectar credit card has a representative APR of 28.2%, including the £25 fee, based on a notional credit limit of £1,200.

American Express Nectar credit card review

What can I get for 30,000 Nectar points?

In 90% of cases, a Nectar point is worth 0.5p.

You will get 0.5p if you swipe your Nectar card in Sainsbury’s to pay for your shopping, use the points to pay for Expedia flights or hotels, or book an easyJet flight or for one of the many other Nectar partners. This means that in the worse case scenario, your points are worth £150.

If you are prepared to sit on your points for a while, you could do better.

Over the last year Nectar has been offering special deals on redemptions. Here are some we have covered on Shopper Points:

Nectar Summer Rewards – 2 Pizza Express pizzas or 2 Vue cinema tickets for 1000 points (2p per point)

via the link on the Nectar website – 1p per point when you convert your points into eBay credit

via the link on the Nectar website – 1p per point in certain product categories at Sainsbury’s

via the link on the Nectar website – 50 points for a £2+ coffee (4p+ per point)

Let’s imagine that you hold on to your points until a ‘1p per point’ deal comes along. Your sign-up bonus would be worth £300.

This is an exceptional deal on a FREE (for the first year) credit card. Even if you don’t manage to get £300 of value, you should be able to manage more than the usual £200-worth if you keep reading Shopper Points for news of good redemption offers.

You need to spend £2,000 within three months to receive the 30,000 points. You cannot apply if you have held the Nectar credit card in the last six months.

Note that you receive the bonus in two parts. American Express will award the standard 20,000 points via your statement whilst Nectar will add an additional 10,000 points directly to your Nectar account.

What is the on-going earning?

You earn 2 Nectar points per £1 of general spend. This is effectively 1% cashback at the very least. This is not a bad deal, especially if you hold on to your points for a deal worth more than 0.5p per point.

What is the annual fee?

Your first year of card membership is free. You will pay £25 per year after that if you do not cancel before the first year is over.

Conclusion

This is a generous deal and well worth a look, especially as the card is free for the first year.

Remember that you need to spend £2,000 within three months to qualify to receive the sign-up bonus. This does include the Christmas period, however, which makes it easier.

You can learn more about the card here but do not apply from that page. Remember that you MUST apply via the special promotional page.

Should you convert Tesco Clubcard points into London Bridge Experience tickets?
1 extra Clubcard point per £4 when using Pay + (formerly PayQwiq)
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Do you earn Clubcard or Nectar points from your credit card?.  If not, you're missing out. We review the best options in this article.

Do you convert Clubcard points into Avios or Virgin Flying Club? If you do, visit our sister site, Head for Points, which is full of tips for maximising your frequent flyer miles.



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Comments

  1. I applied on Friday last week and was surprised to find the new card in yesterday’s mail already. No PIN in the post but once registered, I found the PIN online.

    I had a remarkable limit of just £700. 😀 This meant that it would have been very difficult to spend £2,000 in 3 months. My BAPP limit is a smite below £30,000. A quick phone call shifted £2k from the BA card to the Nectar card. I can reverse this after 3 months if/when I cancel the Nectar card.

    I have no mention of the current BA card affecting the Nectar bonus or fee. The fee is a straightforward £0 in the first year.

  2. My wife and i share the same nectar account, if i get a card and she gets a card – would that be 60,000 nectar points total or 50,000?

    • To clarify, i am an additional nectar card holder on her account with my own (different) nectar card number.

      • Only primary cardholders get rewards. Though the spending considered will include additional cards.

        • Jonathan is talking about being a secondary card holder on the nectar account. Not being secondary card holder on the credit card account.

  3. I took out the Nectar Card back in July when there was the same offer and the 20,000 hit my account in august. But I am still waiting for the remaining 10,000. I have contacted Nectar a few times but they keep saying to wait.

    Any idea when the 10,000 is usually received once you hit the target? Thanks

    • Ant. be afraid. Be very afraid. I did the 40,000 offer last year and it took upwards of six months to get the Nectar 20k. the issue They kept fobbing off to Amex. Keep at it though and if they are slow ask for compensation- I got 10k..

  4. Thanks, Anika – decent deal, have applied (will be 3rd churn of this card!)

  5. Will this card affect churn on Gold rewards or BAPP?

  6. Graham Temple says:

    I did this and definitely used the right link. Once you get on to the next page it starts talking about 20,000 instead of 30,000. First time I thought I must have done something wrong so I started again, but no exactly the same. I got the card very quickly and the accompanying letter is all about 20,000 not 30,000 points. So I just rang them and they explained that the extra 10,000 points is a NECTAR offer not an American Express one. Therefore they will add the 20,000 (when you qualify) and subsequently Nectar will add the 10,000 bonus. In fairness it is true you start on a nectar.com page and then the link takes you to americanexpress.com. Remains to be seen how well it works in practice.

    Perhaps SHP/HFP might like to update the article because I am sure a few others must be wondering about this.

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