Get 7,500 Nectar points (with a catch) when you take out the (free) Sainsburys credit card

Sainsbury’s Bank has three different Nectar-earning MasterCard cards. Most of the time, we don’t think much of them here at Shopper Points when looked at purely from a points earning perspective.

One version offers a low rate on balance transfers, one version has a low interest rate and the other has a bonus deal on new purchases.

All three versions of the card earn Nectar points when you spend. However, as you can read on this page of Shopper Points the Nectar points earning rate is not great. You earn just 1 Nectar point for every £5 you spend. Since every transaction is being rounded down to the nearest £5, you will earn no points at all on purchases of £4.99 or less even though you are spending money. This is very poor indeed.

At least there is now a new sign up bonus of 7,500 Nectar points – 2,500 more Nectar points than last time. This comes with a catch, however, as I will explain below.

There is no annual fee, so it might be worth taking another look at the credit cards.

Here are the three options:

  • The balance transfer credit card gives you up to 30 months 0% interest – but after that period the APR is 20.9% variable
  • The purchase credit card offers up to 29 months 0% interest – APR is also 20.9% variable afterwards
  • The dual offer credit card offers up to 29 months 0% interest on purchases and balance transfer –  APR is 19.9% variable afterwards

This is how you get the 7,500 Nectar points

In order to qualify for the 7,500 Nectar points you need to be a new customer.

Unlike previous promotions you can earn the points with a minimum spend of £350 rather than £800.

You get 750 bonus Nectar points every time you spend £35+ in Sainsbury’s stores. General spend elsewhere does not count. You can earn up to a maximum of 7,500 bonus points within the first two months.

That means you will have to use your card for a while and cannot just take it out for the points sake and cut it in pieces to prevent yourself from using it. You can put it away in a drawer, or cancel it, once you’ve spent 10 x £35+ of course.

The offer of 7,500 bonus Nectar points doesn’t seem to have an expiry date – but as we’ve seen different points offers with this credit card in the past, I’m sure Sainsbury’s Bank will change it again at some point..

Depending on what credit card you are looking for you might want to look at the American Express Nectar card Rob wrote about which is a lot better, both in terms of bonus and Nectar earning rate. This card is only free for the first year but, of course, there is no requirement to keep it after the first year either. The sign up bonus on the American Express Nectar credit card is an attractive 20,000 Nectar points and the APR during the first free year is 19.9% variable.

Want to earn more Clubcard or Nectar points? Click here to visit the Shopper Points home page for the latest news and offers. Come back every day for new deals or join our email list.

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. Stephen C says:

    On the credit card it’s simple to get the bonus:
    – Take out the 0% purchases card
    – Go to Sainsburys and buy 10 gift cards, put £35 on each via 10 separate transactions
    – Put the card in a drawer

  2. Since every transaction is being rounded down to the nearest £5, you will earn no points at all on purchases of £4.99 or less even though you are spending money. This is very poor indeed.

    “very poor indeed” and yet the tesco card is never criticised for this despite earning nothing for any spend under £8

      • “It has an impact on your earnings if you put through lots of small transactions but on larger transactions it is not a major issue”

        vs

        “This is very poor indeed”

        Not exactly equivalent statements. Did I miss the criticism of the tesco card?

        • The Tesco credit card is actually better than the Sainsbury’s card – if you do most of your shopping at Tesco.
          1 Nectar points is worth 0.5p whilst a Clubcard point is worth 1p
          When you use your card at Tesco you get 1 point for every £4 – elsewhere you get 1 point for every £8
          Plus you can get 3 x face value for your Clubcard points (Uber, etc)…
          The obvious issue though is that there is no sign up bonus for the Tesco card

  3. the streets says:

    do you know how long it takes for the points to post? I just received my latest statement and despite making the 10 x £35 spend there is no sign of the bonus points

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