Reward cards can be rewarding, but it’s not always easy to understand how your hard earned points translate into cold hard cash. In our former Q&A section Marco asked the question “How much are my Nectar points worth?” to help we’ve created a tool to allow you to quickly and easily work out the true value of your Nectar points. How much are yours worth?
What is Nectar?
Nectar is a popular reward card used by stores such as Sainsburys, Argos, Homebase, and even ebay. Every time you make a purchase at one of these stores, your Nectar card is swiped and points are added to your account. These points can be converted into cash, vouchers, or even used for purchases. Nectar has a reputation for being one of the lowest paying reward cards (see our article on the best reward cards to carry), but while Amazon and Debenhams have both pulled out of the program, we think it’s still worthwhile for those who regularly shop at Sainsbury’s, or fill up with fuel at BP.
Tip: You can earn but not spend Nectar points when shopping on eBay. This is particularly useful when buying higher value items like used vehicles.
How do I get a nectar card?
You can apply for a Nectar card online at Nectar.com or pick one up in selected participating stores. If you do the latter, you can begin using it straight away, then register it with Nectar once you get home.
How do I work out what my points are worth?
The calculation is pretty simple. There’s roughly 200 nector points to the pound, not including bonuses or special offers. Still, rather than doing the maths yourself, simply select Nectar as the reward card type, enter the number of points you have, and the tool will return the cash value.
Tip: Our calculator displays the value of your points in pounds, but Nectar regularly runs offers that when redeemed can boost the value of your points.
Spend your Nectar points
Get Cashback instead
As mentioned earlier, Nectar is one of the lowest paying reward card out there. A better way to earn cash from your spending is to use a cashback site such as Quidco or Top Cashback. Cashback websites pay you when you spend a retailers via their links.
It doesn’t cost you anything extra and doesn’t affect your purchase or relationship with the retailer any way at all. The cashback is effectively a bribe by the retailer to the cashback website to encourage you to visit them. The cashback website then pays some or all of this money to you.
The two best cashback websites are Quicdo which is currently offering a £10 bonus if you sign up through the links on this site, and Top Cashback (also offering a £10 bonus). Your bonus will be added to your account once you’ve earned at least £5 cashback. That could be as quickly as a single purchase.
Swap your Nectar points for Avios (air miles)
The Nectar – Avios partnership means you can swap your Nectar point for Avios points which can then be spent on flights (with British Airways and partners), hotels, and car hire. Due to the limited number of places Nectar points can be spent, this can be a great way to make use of points that would otherwise be sitting doing nothing.
You’ll need a British Airways Executive Club account to collect Avios points, but once you have that you will be able to convert either Nectar to Avios or Avios to Nectar. Here is the Nectar link to connect your two accounts together and begin converting points
The conversion rate is 400 Nectar points to 250 Avios, or 250 Avios to Nectar.
There are minimum and maximum limits on the number of points you can covert. The lower limit is 250 Nectar points, and the maximum is 40,000. You must convert the points in multiples of 250, 500, 750, 1,000 etc..
We know that one Nectar points is worth 0.5p, that makes one Avios point worth 0.8p when when do the reverse conversion. That means that:
- 1,000 Avios points are worth £8 in Nectar points
- 5,000 Avios points are worth £40 in Nectar points
- 10,000 Avios points are worth £80 in Nectar points
You need around 4,000 Avios to get a free short haul flight from London to Paris, where you’ll still have to pay £17.50 in taxes. In Nectar that works out around 6,400 points or £32.