Avios to Nectar conversion rate nerfed 2 November 2022 at 11:49PM in Credit cards 14 replies 574 views

WillPS

Avios to Nectar conversion rate devalued! What should you do? (headforpoints.com)

Effectively an Avios point will convert to 0.67p to spend at Sainsburys/Argos/Ebay from the 16th, down from 0.8p.

Absolute bummer for anyone doing the Barclays Premier/Avios 100k incentive currently for that, as it's lost £150 worth of value before it's even been sent out. (In fairness it is still a deal worth doing, ~£650). 

The Barclaycard (free) Avios card remains the leader in the no-annual-fee non-Amex category, at effectively 0.67% back, but no longer a no brainer.

JPears

I've not had any notification of this reduction in "exchange" rate from 16th November.

Either from Avios or Nectar. Poor.

MrFrugalFever

Read this on HfP's last week. The suggestion is to convert AVIOS to Nectar before 16th as you there's no devaluation from Nectar to AVIOS.

Its just something else that is slowly being eroded.....

I still have my free BC Avios Card and just use it for everything. 

vacheron

JPears said:

I've not had any notification of this reduction in "exchange" rate from 16th November.

Either from Avios or Nectar. Poor.

My message notifying me arrived in my inbox on the 3rd of November, the rates change on the 16th. 

I converted 50,000 Avios to 80,000 Nectar last month, and have just done another 50,000 - 80,000 in the last 20 minutes.

Frustratingly, it looks like I will miss out on the 100K Premier/Avios incentive at the last hurdle as they won't give me the Avios Barclaycard. I already have a Platinum Balance Transfer Barclaycard, and when I select "change card" in the app it comes up "no other cards are available"...  so the de-valuing softens the blow... a little! 

Marchitiello

vacheron said:

JPears said:

I've not had any notification of this reduction in "exchange" rate from 16th November.

Either from Avios or Nectar. Poor.

My message notifying me arrived in my inbox on the 3rd of November, the rates change on the 16th. 

I converted 50,000 Avios to 80,000 Nectar last month, and have just done another 50,000 - 80,000 in the last 20 minutes.

Frustratingly, it looks like I will miss out on the 100K Premier/Avios incentive at the last hurdle as they won't give me the Avios Barclaycard. I already have a Platinum Balance Transfer Barclaycard, and when I select "change card" in the app it comes up "no other cards are available"...  so the de-valuing softens the blow... a little! 

Even if the Avios card was available you would only qualify for a much reduced bonus as an existing customer. 

WillPS

Marchitiello said:

vacheron said:

JPears said:

I've not had any notification of this reduction in "exchange" rate from 16th November.

Either from Avios or Nectar. Poor.

My message notifying me arrived in my inbox on the 3rd of November, the rates change on the 16th. 

I converted 50,000 Avios to 80,000 Nectar last month, and have just done another 50,000 - 80,000 in the last 20 minutes.

Frustratingly, it looks like I will miss out on the 100K Premier/Avios incentive at the last hurdle as they won't give me the Avios Barclaycard. I already have a Platinum Balance Transfer Barclaycard, and when I select "change card" in the app it comes up "no other cards are available"...  so the de-valuing softens the blow... a little! 

Even if the Avios card was available you would only qualify for a much reduced bonus as an existing customer. 

Not true. The 100k is available to existing customers so long as either you haven't held the Avios Plus credit for the last 6 months or you haven't had Avios Rewards enabled for the last 6 months. 

It's really quite generous.

MoneyMate

still waiting for mine to transfer 5 days so far.

WillPS

MoneyMate said:

still waiting for mine to transfer 5 days so far.

It takes 2-3 weeks in my experience. As long as you put the request in before the deadline you're golden.

jay1804

Btw if you set up auto conversion, you can transfer another 25K Avois / 40k Nectar Points before the rate decreases. 

Marchitiello

WillPS said:

Marchitiello said:

vacheron said:

JPears said:

I've not had any notification of this reduction in "exchange" rate from 16th November.

Either from Avios or Nectar. Poor.

My message notifying me arrived in my inbox on the 3rd of November, the rates change on the 16th. 

I converted 50,000 Avios to 80,000 Nectar last month, and have just done another 50,000 - 80,000 in the last 20 minutes.

Frustratingly, it looks like I will miss out on the 100K Premier/Avios incentive at the last hurdle as they won't give me the Avios Barclaycard. I already have a Platinum Balance Transfer Barclaycard, and when I select "change card" in the app it comes up "no other cards are available"...  so the de-valuing softens the blow... a little! 

Even if the Avios card was available you would only qualify for a much reduced bonus as an existing customer. 

Not true. The 100k is available to existing customers so long as either you haven't held the Avios Plus credit for the last 6 months or you haven't had Avios Rewards enabled for the last 6 months. 

It's really quite generous.

I missed this, thanks, I have already missed on the original offer as I was already a Barclays Premier Customer and  had already two Barclaycard accounts (which I have yet to convert to Avios).

it may be the time to finally let go of my legacy Barclaycard Cashback (black card, ed Amex duo, 0.5% cashback -I believe)

WillPS

Marchitiello said:

WillPS said:

Marchitiello said:

vacheron said:

JPears said:

I've not had any notification of this reduction in "exchange" rate from 16th November.

Either from Avios or Nectar. Poor.

My message notifying me arrived in my inbox on the 3rd of November, the rates change on the 16th. 

I converted 50,000 Avios to 80,000 Nectar last month, and have just done another 50,000 - 80,000 in the last 20 minutes.

Frustratingly, it looks like I will miss out on the 100K Premier/Avios incentive at the last hurdle as they won't give me the Avios Barclaycard. I already have a Platinum Balance Transfer Barclaycard, and when I select "change card" in the app it comes up "no other cards are available"...  so the de-valuing softens the blow... a little! 

Even if the Avios card was available you would only qualify for a much reduced bonus as an existing customer. 

Not true. The 100k is available to existing customers so long as either you haven't held the Avios Plus credit for the last 6 months or you haven't had Avios Rewards enabled for the last 6 months. 

It's really quite generous.

I missed this, thanks, I have already missed on the original offer as I was already a Barclays Premier Customer and  had already two Barclaycard accounts (which I have yet to convert to Avios).

it may be the time to finally let go of my legacy Barclaycard Cashback (black card, ed Amex duo, 0.5% cashback -I believe)

No worries, glad you didn't miss out.

I made exactly the same decision, it was a wrench to give up on it as I probably won't get a straightforward cashback rate as good as that one on a non-Amex product again; but nor will it ever earn me £500+ as this offer will. It also leaves me with no Visa credit, can't decide whether or not that's a problem.