So, you’ve spent the last year (or possibly 10) collecting them, but what is the best way to spend your Nectar points and what gives you the best value?
Don’t get me wrong, I do love a loyalty point or two. The issue I have is that people see them as ‘free money’, a bit of something for nothing. But the truth is, we all pay for these schemes some how, whether we use them or not. Look at some of the biggest providers like Tesco and Sainsbury’s, why are they more expensive compared to Aldi and Lidl? They aren’t free to run, which means the added cost goes onto our shopping.
But that’s why it makes it even more important that you get the best value when exchanging your Nectar points. So what are your options when it comes to spending Nectar points?
What are Nectar points?
The Nectar scheme was introduced back in 2002 and now boasts over 18 million customers. By joining the scheme you collect points every time you shop with one of Nectar’s partners. Points can then be spent in certain shops or exchanged for different rewards.
How much are Nectar points worth?
1 Nectar point is the equivalent to 0.5 pence. That means:
- 2 Nectar points = 1 pence
- 200 Nectar points = £1
- 500 Nectar points = £2.50
- 1000 Nectar points = £5
- 5000 Nectar points = £25
However, there is a special event held by Sainsbury’s every year that doubles the value of your points. This is usually held around October or November and you can find out the latest Double Up event here.
Where can I collect Nectar points?
In store/in person, you can collect at
- Great Western Railway
- South Western Railway
- TransPennine Express
Online, there are over 500 stores you can collect points. Merchants cover fashion, travel, dining, entertainment, healthcare and insurance.
All you need to do is click on the link to your chosen retailer through the Nectar site and make your purchase. The points will then be credited to your Nectar account. Some of the most popular include
Of course, with so many retailers on offer, I can’t list them all. However, before you rush off to collect your Nectar points, it’s important to note that most of the Nectar partners only offer 2 Nectar points for every £1 you spend which is the equivalent to 1%.
These partners are usually found on other cashback sites and can pay as much as 10%. Take a look at the best cashback sites. But, with that said, you can find some special boosts now and again where you can collect up to 5x extra Nectar points.
Where can I spend Nectar points?
There are plenty of places you can spend your points, although the deals aren’t quite as good as the Tesco offers which give you 3 x their value.
- Sainsbury’s – in store you can just swipe your card or you can spend your points online
- Argos – again, just swipe your card in an Argos store or use them towards an online purchase
- eBay – you need to convert your points to an eBay voucher in your Nectar account. The voucher can then be applied at checkout
- London North Eastern Railway – convert your points to a voucher to spend on the LNER website
- Eurostar – redeem your points for vouchers in £10, £25, £50 and £100 values. Then, convert your Nectar voucher code(s) to a Eurostar E-code here https://partner.eurostar.com
- Dulux – to redeem your points (minimum 4000) for a voucher simply call Nectar on 0344 811 0811 and select option 3 to spend your points
- Caffe Nero – get a QR code voucher online by redeeming just 350 points. This will be stored in your app and can be shown when you make a purchase
- Sky Store – click “Get Voucher Code” and choose the points value you want to spend. This will be then emailed to you and you can enjoy a night in
- Vue – just present your Nectar card at a Vue cinema and tell them how many points you want to redeem
The best way to spend your Nectar points
As I mentioned above, every year Sainsbury’s holds a Double Up event that allows you to trade in your Nectar points for double their value. The vouchers can be claimed online or through the app and can be spent in-store. Most of the Sainsbury’s departments are included, except for groceries.
The event usually takes place in November, so this is a great opportunity to buy some gifts for Christmas. Alternatively, if there’s nothing that takes your fancy, you can buy some items with an eye for selling them on. I find that video games sell particularly well at the beginning of November and you can advertise them for free on Facebook.
If you’re a big fan of Nectar, take a look at how you can collect even more points.
Can I collect Nectar points at Homebase?
No, Homebase has left the Nectar scheme.
Do Nectar points have an expiry date?
No they don’t. But if you don’t use your account for one year, Nectar will assume you no longer want it and will close it.
Can I spend Nectar points on fuel?
Yes you can. When you visit a Sainsbury’s petrol station, you will need to go into the kiosk and swipe your card. You cannot redeem your points at the pump.