MSE News: British Gas to shake-up Nectar loyalty scheme

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British Gas is axing its existing Nectar rewards scheme and replacing it with a new one next February...
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British Gas to shake-up Nectar loyalty scheme

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  • rusty_f
    rusty_f Posts: 119 Forumite
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    I am really starting to question the value of Nectar. Surely, if Sainsburys puts its name to something, they should be plugging their own reward scheme. It was bad enough when they reduced the number of points you could earn by shopping at their supermarkets!
  • cifpower
    cifpower Posts: 6,502 Forumite
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    rusty_f wrote: »
    I am really starting to question the value of Nectar. Surely, if Sainsburys puts its name to something, they should be plugging their own reward scheme. It was bad enough when they reduced the number of points you could earn by shopping at their supermarkets!

    Margins are being cut to the bone in the grocery sector so cost savings anywhere need to be found. Tesco is operating with a 1% margin. Think about that. For every £100 of stuff they sell they make £1 to pay all the bills.
  • Daz2009
    Daz2009 Posts: 1,084 Forumite
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    cifpower wrote: »
    Margins are being cut to the bone in the grocery sector so cost savings anywhere need to be found. Tesco is operating with a 1% margin. Think about that. For every £100 of stuff they sell they make £1 to pay all the bills.

    If Tesco only have a 1% margin they are doing something drastically wrong because they aren't even the cheapest place to shop by a long way
  • cifpower
    cifpower Posts: 6,502 Forumite
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    Daz2009 wrote: »
    If Tesco only have a 1% margin they are doing something drastically wrong because they aren't even the cheapest place to shop by a long way

    No. But Tesco has higher costs than, say, Aldi or Lidl.
  • zerog
    zerog Posts: 2,478 Forumite
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    Giving £10 off a Sainsbury's shop per year is basically worthless anyway, though better than nothing if BG was the cheapest for you (it very rarely is, and is the only energy company that can actually ruin your credit rating if they make a mistake)
  • zerog
    zerog Posts: 2,478 Forumite
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    cifpower wrote: »
    No. But Tesco has higher costs than, say, Aldi or Lidl.

    What, like giving at least 1% of their revenue back in clubcard points?
  • londonTiger
    londonTiger Posts: 4,903 Forumite
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    lol "shakeup", mse is full of hyperbole sometimes.

    they used to give you £4 in cashback a year in nectar, and now they're removing it. most people wont even notice the change.

    some "shake" up
  • Mersey_2
    Mersey_2 Posts: 1,679 Forumite
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    zerog wrote: »
    Giving £10 off a Sainsbury's shop per year is basically worthless anyway, though better than nothing if BG was the cheapest for you (it very rarely is, and is the only energy company that can actually ruin your credit rating if they make a mistake)



    In fact it was just under a fiver pa for supplying meters readings, as 500 points are worth £2.50 I think.
    Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.
  • Mersey_2
    Mersey_2 Posts: 1,679 Forumite
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    lol "shakeup", mse is full of hyperbole sometimes.

    they used to give you £4 in cashback a year in nectar, and now they're removing it. most people wont even notice the change.

    some "shake" up



    You're right - it should have said cut.
    Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
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    I've a nectar card. I use it every time I'm in a relevant buying situation .... it adds up to about £5/ two years.... and then I struggle to spend it as spending it comes with its own traumas.

    I thought I had it cracked once, I had to buy somebody an easter egg "Great, on the nectar" I thought: No, "this is not your home store". Other times I can't spend enough to get to their minimum spend limits to be able to use the points to pay for my groceries.

    I hate all cards and all points. Just reduce the s0ddin' prices and be done with it. People gathering points, searching for cards, having a "laughing chat" about fumbling with the cashier.... receiving a sticker/voucher, then fumbling to put it away - all makes the queues slower/longer!
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