Sainsbury's has updated the terms of its credit cards, giving new cardholders the chance to earn up to 7,500 Nectar points in their first two months.
The details of this offer are as follows: New cardholders can earn 750 bonus points every time they spend £35 or more on Sainsbury's shopping with their new Sainsbury's credit card. Cardholders are able to do this up to ten times in the first two months, earning up to 7,500 points. This welcome bonus offer changes from time to time, so be sure to check the latest offerings here.
What is this Nectar Offer Worth?
Since nectar points are worth approximately £0.005 each, the value of the 7,500 Nectar points is potentially £37.50. Given you need to spend £350 to earn the 10,000 Nectar points, the potential rewards rate during these first two months is 11% (£37.50/£350).
|Nectar Points||Value Per Nectar Point||Potential Value of Bonus Offer|
For more information on some of the Sainsbury credit cards, see here.