Nectar loyalty card is a loyalty card scheme that works in the United Kingdom and it was launched by the founder of Air Miles, Sir Keith Mills. It appeared from a partnership of suppliers (Sainsbury supermarket chain, credit card American Express, the Debenhams store, petrol distributors BP) in 2002.
Nectar Credit Card benefits:
- 2 points for almost every £1 spent on the Nectar Credit Card at Nectar participating sponsors;
- 5,000 bonus Nectar points when you use your Card for the first time;
- No annual fee;
- PIN and Chip security;
- Clear plastic design.
Nectar points are not earned on Balance Transfers, Cash Advances, American Express Travellers Cheque purchases, Foreign Exchange and Express cash transaction, interest, any spending in excess of your credit limit, credit card charges for dishonoured cheques, late payment or referral credit card charges and American Express Credit Card finance credit card charges.
The Nectar Credit Card interest rate for Cash Withdrawals is 25.9% p.a. including cash transaction charge.
Purchase Protection Benefits: Up to £20,000 for every 365 day period, for eligible items stolen or accidentally damaged within 90 days of purchase. Exclusions apply. See Summary of Benefits for full details and requirements.
Refund Protection Benefits: Up to £200 per eligible item and £750 for every 365 day period. Exclusions apply. See Summary of Benefits for full details and requirements.
American Express Services Europe Limited (AESEL) makes various benefits available to Cardmembers. These benefits derive from contracts which AESEL has made with third parties which AESEL is free to amend, extend or terminate at its sole discretion.
