John Lewis is not offering a welcome bonus at this time (April 2020).
The Partnership Card is offering a welcome bonus of 1,000 points to new cardholders (or those who haven't held a Partnership Card for at least 6 months). Since each point is worth 1p, the value of this reward is £10 and is what you'd earn on £1,000 of regular Waitrose or John Lewis spending. The reward is delivered in the form of Waitrose/John Lewis vouchers within a month, and will come along with your next voucher issuance (February, June or October). For more information on the Waitrose/John Lewis credit card, please see our full Partnership Card Review.
How to Quality for the Bonus
In order to qualify, you must spend £500 (in one or more transactions). This spend is not restricted to John Lewis and Waitrose but can be made anywhere MasterCard is accepted. As an option you can use a £500 balance transfer to hit the target minimum instead, but the card charges a 2.9% fee for transferred balances—given the offer is for 18 months of no interest on transferred balances, we don't really recommend doing so. There are better balance transfer offers available in the market that offer longer 0 interest periods for no fee. Cash withdrawals, interest, fees, charges and returned purchases do not count towards the £500 minimum spent requirement.
If you have held a Partnership Card in the past 6 months, you won't be eligible for this offer. In order to qualify for the card, you must be at least 18 years old, a UK resident (not Channel Islands) and make at least £6,750 per year.
Partnership Card Rewards
Besides the current 1,000 bonus points on offer, the Partnership Card offers Waitrose and John Lewis shoppers 1 point on every £1 spent at John Lewis and Waitrose, and 1 point for every £2 of other spending. These points translate into a rewards rate of 1% on in-store shopping and 0.5% on purchases made elsewhere. Every 500 points earned is worth £5 in gift vouchers that can be redeemed at John Lewis or Waitrose.
Rewards Rates on First £500 of Spend and Ongoing Spending
|Type of Spend||Effective Rewards Rate|
|Rewards Rate on First £500 of Spend||2%|
|Ongoing Rewards Rate on John Lewis/Waitrose Shopping||1%|
|Ongoing Rewards Rate on Other Shopping||0.5%|
The rewards rates on the Partnership Card are very competitive relative to others in the market, especially when it comes to out-of-store spending. To learn how the Partnership Card compares to other rewards cards, see our full review or our article on Best Rewards Credit Cards.