AMEX - Nectar vs. Platinum Cashback £25

Options
Poq
Poq Posts: 205 Forumite
I think that the only place where I shop that does Nectar is a Sainsbury's Local (I don't do my big shopping there though).

So that's probably the only benefit of the Nectar?

Too bad that the Platinum cashback AMEX has a £25 fee.

What criteria to use to decide which one to get? How can I estimate which will be more "rewarding"?

Comments

  • thesaver79
    thesaver79 Posts: 189 Forumite
    Options
    Poq wrote: »
    I think that the only place where I shop that does Nectar is a Sainsbury's Local (I don't do my big shopping there though).

    So that's probably the only benefit of the Nectar?

    Too bad that the Platinum cashback AMEX has a £25 fee.

    What criteria to use to decide which one to get? How can I estimate which will be more "rewarding"?

    Overall, the cashback reward is more generous. you get 1.25p per £1 spent. The value of a Nectar point is 0.5p per £1 spent.

    Consider, however, that - intro bonus aside - you need to spend £2000 before repaying with cashback for the £25 annual fee.
  • Poq
    Poq Posts: 205 Forumite
    Options
    thesaver79 wrote: »
    Overall, the cashback reward is more generous. you get 1.25p per £1 spent. The value of a Nectar point is 0.5p per £1 spent.

    Consider, however, that - intro bonus aside - you need to spend £2000 before repaying with cashback for the £25 annual fee.

    Hmm, good point...

    ...and they don't take AMEX everywhere so who knows if it'll get that high. I use my Metro Bank debit card when I'm abroad for holiday (good exchange rate), and buying flights online I have to use a debit card or pay more fees.

    Damn...

    Maybe I'll just give the regular, free AMEX a try... then again, the Nectar is free as well.

    But the regular AMEX looks cooler and feels more like an AMEX :(
  • DJBenson
    DJBenson Posts: 445 Forumite
    First Anniversary Combo Breaker First Post
    Options
    I think you'll be surprised who actually accepts Amex these days. I got my first card a couple of weeks ago after hearing years of rumors of people stuggling to use Amex in the UK; so far, I haven't been to a single retailer (excluding the likes of Aldi and co who only accept debit cards) who have refused my card.

    You can also link it to Paypal and use it for purchases through eBay and pretty much anywhere else where Paypal is a payment option.

    Tesco, Asda and Sainsburys all accept it, so do Shell, BP etc. so I'll have no trouble racking up the £2000 in 3 months to get the 22K bonus points on my Amex Gold Card.
  • Poq
    Poq Posts: 205 Forumite
    Options
    DJBenson wrote: »
    I think you'll be surprised who actually accepts Amex these days. I got my first card a couple of weeks ago after hearing years of rumors of people stuggling to use Amex in the UK; so far, I haven't been to a single retailer (excluding the likes of Aldi and co who only accept debit cards) who have refused my card.

    You can also link it to Paypal and use it for purchases through eBay and pretty much anywhere else where Paypal is a payment option.

    Tesco, Asda and Sainsburys all accept it, so do Shell, BP etc. so I'll have no trouble racking up the £2000 in 3 months to get the 22K bonus points on my Amex Gold Card.


    Ah interesting.

    But my PayPal account is tied to my debit card and gets taken directly from it, credit card is only a backup, how cna I make it primary source for funds?



    I don't buy in Shell/BP/etc. (environment hehe), but point taken.
  • JakeGreen
    JakeGreen Posts: 168 Forumite
    Options
    Poq wrote: »
    But my PayPal account is tied to my debit card and gets taken directly from it, credit card is only a backup, how cna I make it primary source for funds?

    When you checkout, you can change the funding source to an existing card, or a new card.
  • Poq
    Poq Posts: 205 Forumite
    Options
    JakeGreen wrote: »
    When you checkout, you can change the funding source to an existing card, or a new card.

    Ah really, even via eBay?
  • DJBenson
    DJBenson Posts: 445 Forumite
    First Anniversary Combo Breaker First Post
    Options
    Poq wrote: »
    Ah really, even via eBay?

    Yup :beer:
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 609K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards