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

Former_MSE_Helen

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

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

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

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

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

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

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

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

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.

Mersey_2

londonTiger wrote: »

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.

PasturesNew

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!