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  • FIRST POST
    • MSE Callum
    • By MSE Callum 3rd Dec 18, 8:37 AM
    • 543Posts
    • 188Thanks
    MSE Callum
    0 WOW
    'I collected almost £7,000 in Nectar points in four years' - MSE News
    • #1
    • 3rd Dec 18, 8:37 AM
    0 WOW
    'I collected almost £7,000 in Nectar points in four years' - MSE News 3rd Dec 18 at 8:37 AM
    A dad of four has amassed almost £7,000-worth of Nectar points in the past four years - and is now hoping to use them to buy a family holiday to Florida...
    Read the full story:
    ''I collected almost £7,000 in Nectar points in four years''

    Click reply below to discuss. If you havenít already, join the forum to reply.
    Read the latest MSE News
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Page 1
    • VT82
    • By VT82 3rd Dec 18, 9:12 AM
    • 1,039 Posts
    • 878 Thanks
    VT82
    • #2
    • 3rd Dec 18, 9:12 AM
    • #2
    • 3rd Dec 18, 9:12 AM
    Seeing as there's no PIN or ID required to spend Nectar points, isn't that a bit like carrying seven grand around in your pocket? Banks will have excellent procedures in place to help you out if someone robs your credit card and racks up £7k of debt, but do you really think Nectar would be that helpful?


    Also, there's no guarantee that Nectar redemption offers, or even the scheme itself, will even be here tomorrow. Would MSE really recommend keeping £7k held as an undrawn Quidco cashback for example, or in a non-FSCS protected savings account?!


    All seems very naÔve to me.
    • mjm3346
    • By mjm3346 3rd Dec 18, 9:58 AM
    • 40,401 Posts
    • 311,918 Thanks
    mjm3346
    • #3
    • 3rd Dec 18, 9:58 AM
    • #3
    • 3rd Dec 18, 9:58 AM
    Surprised MSE is not making it clear how silly it is to have that number of points, if they were worth £100s that would be bad enough but in the £1,000s is completely stupid and not following previous MSE advice whatever he claims about using the site.

    If he had taken advantage of the numerous offers Nectar have had over the time he has been collecting and put the money saved into a bank account, not only could he have saved at least twice the basic value of the points, the funds would be protected, earning interest and with complete freedom on where to spend the cash he could negotiate a far better deal for a holiday than by using the points.
    Internet goodness £26636
    • michaels
    • By michaels 3rd Dec 18, 10:41 AM
    • 22,511 Posts
    • 103,504 Thanks
    michaels
    • #4
    • 3rd Dec 18, 10:41 AM
    • #4
    • 3rd Dec 18, 10:41 AM
    Note it is possible to have a nectar card set as 'collect only' - anyone with a large balance should do this and only enable spending of points when ready.

    Nectar systems are very old fashioned and points balances are often only updated overnight. With a stolen card it is often used to collect a single point at both a Sains and an Argos which enables the card for redemption at these stores and then the whole balance is spent at both stores leaving the card with a negative balance equal to the previous positive balance once the system updates the next day - so you can't just lose your points balance but in fact twice the balance!

    The website also requires just a single password so if your password has been compromised on another site then potentially a fraudster can log in, change your address and order a new card....
    Cool heads and compromise
    • somethingcorporate
    • By somethingcorporate 3rd Dec 18, 11:44 AM
    • 9,119 Posts
    • 8,806 Thanks
    somethingcorporate
    • #5
    • 3rd Dec 18, 11:44 AM
    • #5
    • 3rd Dec 18, 11:44 AM
    I guess it helps cycling £200-300k worth of petrol from his job through it. I wonder what his employer would say...?
    Thinking critically since 1996....
    • KxMx
    • By KxMx 3rd Dec 18, 11:51 AM
    • 7,595 Posts
    • 11,110 Thanks
    KxMx
    • #6
    • 3rd Dec 18, 11:51 AM
    • #6
    • 3rd Dec 18, 11:51 AM
    The most I saved up was £90 on there towards a new mobile.

    Given that the vast majority were earned for free via a Survey site, I was willing to risk letting them build up that much.
    • Candyapple
    • By Candyapple 3rd Dec 18, 1:19 PM
    • 3,165 Posts
    • 2,637 Thanks
    Candyapple
    • #7
    • 3rd Dec 18, 1:19 PM
    • #7
    • 3rd Dec 18, 1:19 PM
    I guess it helps cycling £200-300k worth of petrol from his job through it. I wonder what his employer would say...?
    Originally posted by somethingcorporate
    Exactly. Another pointless and annoying click-bait article by MSE.

    Title should have read: 'How to collect loads of points with Clubcard or Nectar if you are a lorry driver'.
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
    • kerri gt
    • By kerri gt 3rd Dec 18, 5:12 PM
    • 7,993 Posts
    • 53,473 Thanks
    kerri gt
    • #8
    • 3rd Dec 18, 5:12 PM
    • #8
    • 3rd Dec 18, 5:12 PM
    I guess it helps cycling £200-300k worth of petrol from his job through it. I wonder what his employer would say...?
    Originally posted by somethingcorporate
    I don't think employers tend to mind people picking up points as part of business spending, so long as they are not doing it to the detriment of the business (so purposefully filling up at BP if a petrol station the other side of the road was 10p a ltr cheaper, or driving additional miles out of his way to a BP station).
    Feb 2015 NSD Challenge 8/12
    JAN NSD 11/16


    • Fletchasketch
    • By Fletchasketch 3rd Dec 18, 5:23 PM
    • 398 Posts
    • 620 Thanks
    Fletchasketch
    • #9
    • 3rd Dec 18, 5:23 PM
    • #9
    • 3rd Dec 18, 5:23 PM
    Using nectar for holidays is one of the worst redemption s going. He's unlikely to be able to negotiate as you normally would on a holiday and as another poster pointed out, could get much better value from nectar double-up and similar deals.
    Mortgage overpayments 2017: 17K, 2018: 32K, 2019: 12K

    Debt @0% Jan '16; £9162, Jun '16 £5845, Jul '16 £3824, Aug '16 £3105, Mar '17 £2600 May '17 £2342 Jan '18 £1985 May'18 DEBT FREE!
    • 20aday
    • By 20aday 3rd Dec 18, 11:45 PM
    • 2,448 Posts
    • 1,046 Thanks
    20aday
    I once had nearly £400 worth of Nectar points and even I was worried, at times, that they could've been lost for whatever reason!

    Side note: is he using a Nectar for Business card? Just wondering as I'm pretty sure it's against their Terms and Conditions to use a personal card for business use?
    It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.
    • somethingcorporate
    • By somethingcorporate 4th Dec 18, 9:56 AM
    • 9,119 Posts
    • 8,806 Thanks
    somethingcorporate
    I don't think employers tend to mind people picking up points as part of business spending, so long as they are not doing it to the detriment of the business (so purposefully filling up at BP if a petrol station the other side of the road was 10p a ltr cheaper, or driving additional miles out of his way to a BP station).
    Originally posted by kerri gt

    That's exactly where I was going with it. Are they choosing the more expensive pertrol station to the detriment of their employer.
    Thinking critically since 1996....
    • dont_use_vistaprint
    • By dont_use_vistaprint 4th Dec 18, 10:00 AM
    • 429 Posts
    • 122 Thanks
    dont_use_vistaprint
    Its not that much, I have Nectar AMEX with £10K limit so get 5 points per £1 spend. Some months I make £50-£60. If you use your AMEX for large purchases like Cars and holidays it really adds up. If you use it for business too its easily achievable. I also have it linked to a large number of Ebay accounts so it collects each time friends or family spend on Ebay
    Last edited by dont_use_vistaprint; 04-12-2018 at 10:02 AM.
    • PasturesNew
    • By PasturesNew 4th Dec 18, 10:06 AM
    • 66,295 Posts
    • 389,783 Thanks
    PasturesNew
    Sainsbobs is my closest supermarket, I use them less these days as they've nothing of interest ..... I managed to get up to about £3 after two years of trying. Stopped bothering after that as there are rules about how you spend it.... you have to be buying something worth more than £X AND be in your "home store", so I struggled to cash them in.
    • kellyp
    • By kellyp 4th Dec 18, 12:27 PM
    • 151 Posts
    • 27 Thanks
    kellyp
    I have £50 and desperately want to spend them .....but where??!! Can only see Argos and Sainsbury’s as options. Thought there used to be loads of places to spend them!
    • dont_use_vistaprint
    • By dont_use_vistaprint 5th Dec 18, 7:12 AM
    • 429 Posts
    • 122 Thanks
    dont_use_vistaprint
    I have £50 and desperately want to spend them .....but where??!! Can only see Argos and Sainsburyís as options. Thought there used to be loads of places to spend them!
    Originally posted by kellyp
    The list has been reduced so unless you regularly shop at Sainsbury, Argos or Ebay its really not worth bothering. Occasionally you can use for fuel. The list has become very specialised, some others you might find useful include:

    Go Ape
    Playstation magazine
    Eurostar
    Virgin Trains
    • Gerry1
    • By Gerry1 5th Dec 18, 10:48 AM
    • 27 Posts
    • 29 Thanks
    Gerry1
    Book via Transpennine Express to get Nectar points on ANY rail tickets !
    The Transpennine Express website is far better than those of Virgin Trains and LNER because you get Nectar points at the same rate but can book with any train operator.
    • mmmsnow
    • By mmmsnow 5th Dec 18, 12:07 PM
    • 372 Posts
    • 1,178 Thanks
    mmmsnow
    Saving up £7k in Nectar points seems... well, a bit pointless.

    If he used them on his weekly shop, he could put the money he would have used into a savings account and earn interest (1.5% on £7k is £105). Then, in a couple of years when he has enough in that account, he can go to any travel agent and use the money.

    I spend all my vouchers asap, as a previous commenter noted, the schemes may not be around tomorrow - or, like Nectar, they may change drastically. It used to be that 500 points was £5, now it's £2.50. Imaging having your £7k halved overnight! I wouldn't take the chance.

    I used to work in Boots and we had a lady who was in almost every week (in fact, every day in the run up to Christmas). She had almost £1k of Advantage Card points and would constantly tell us how long she'd been saving them up and how she didn't want to spend them now. It had become a bit of a game to her, seeing how many she could collect, but I was always worried that she was basically wondering around with £1k in cash and everyone in the store knew it.
    • 50Twuncle
    • By 50Twuncle 5th Dec 18, 12:57 PM
    • 9,279 Posts
    • 2,368 Thanks
    50Twuncle
    £7,000 would have meant spending 7000*200 = £1,400,000 - REALLY ?


    More fibs from MSE - Methinks
    Last edited by 50Twuncle; 05-12-2018 at 1:01 PM.
    • dont_use_vistaprint
    • By dont_use_vistaprint 6th Dec 18, 8:58 AM
    • 429 Posts
    • 122 Thanks
    dont_use_vistaprint
    If he used them on his weekly shop, he could put the money he would have used into a savings account and earn interest (1.5% on £7k is £105). Then, in a couple of years when he has enough in that account, he can go to any travel agent and use the money.
    Originally posted by mmmsnow
    If he did his weekly shopping at Sainsbury's it's unlikely he would of saved anything :-)
    "It is not the critic who counts..." - Theodore Roosevelt
    • mmmsnow
    • By mmmsnow 6th Dec 18, 12:23 PM
    • 372 Posts
    • 1,178 Thanks
    mmmsnow
    If he did his weekly shopping at Sainsbury's it's unlikely he would of saved anything :-)
    Originally posted by dont_use_vistaprint
    I'm seeing fewer differences in prices between Tesco, Asda and Sainsburys these days.

    Anyway, you know what I meant in my comment - spending £100 per week at Sainsburys, paying with a £100 voucher and transfer £100 into a savings account would be more money saving than amassing 1.5 million Nectar points.
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