amex nectar membership fee

as the subject says the membership fee
just had a email from amex saying there nectar card fee is going up from £25 to £30 from 29 feb24

i do get my petrol on it also my council tax can be paid on it

Comments

  • WillPS
    WillPS Posts: 3,063
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    edited 3 November 2023 at 8:41AM
    Thread here, including the maths on when it makes sense and not now:

    Amex Annual Fee Hikes
  • CliveOfIndia
    CliveOfIndia Posts: 1,199
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    This ties in with what their website says.
    The question you need to ask yourself (and this applies to any card that charges a fee) is whether the points/rewards/benefits that you earn outweigh the annual fee.  If you spend enough on the card to accumulate a reasonable number of points, and these points save you more than £30 a year then it's probably worth it.  If not, then ditch it.
    There are also plenty of cards out there that offer rewards of some kind without an annual fee.  Whether the rewards are of value to you personally is a different matter.  Airmiles are pretty useless if you never (or very rarely) fly anywhere.  Clubcard points are not much use if you don't shop at Tesco or don't go to Alton Towers or use any of their "rewards partners" where you can spend them.
    It's just a case of selecting a card that offers rewards that are actually of some value to you personally - this will be different for different people.
  • WillPS
    WillPS Posts: 3,063
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    edited 3 November 2023 at 10:47AM
    This ties in with what their website says.
    The question you need to ask yourself (and this applies to any card that charges a fee) is whether the points/rewards/benefits that you earn outweigh the annual fee.  If you spend enough on the card to accumulate a reasonable number of points, and these points save you more than £30 a year then it's probably worth it.  If not, then ditch it.
    It's a bit more complicated than that - see thread linked above. The long and short is you should be spending at least £9k a year in order to justify a £30 fee, otherwise the fee-free Amex Rewards CC is a better deal.

    Airmiles are pretty useless if you never (or very rarely) fly anywhere. 
    Again, a bit of an oversimplification; particularly when it comes to Nectar points which can be exchanged with Avios. See the thread linked above.

    CliveOfIndia said:
    It's just a case of selecting a card that offers rewards that are actually of some value to you personally - this will be different for different people.
    I'm not sure what this is in answer to. The OP clearly gets benefit from Nectar points otherwise why would they already hold a Nectar Amex card?

    FWIW Nectar is an incredibly easy scheme to get value real world from - points can used at a static rate of 500 = £2.50 off at eBay, Argos and Sainsburys (including their petrol stations, my favourite redemption option). There's little to be gained from hanging on for a better burning rate because such promotions are rare now that Nectar Double Up is gone. There's also the option to trade to Avios if that's one's bag.
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