This rewards credit card now doesn't charge a fee for the first year you have it.
The American Express Nectar credit card, which rewards you with Nectar points on your spending, is now fee free for the first year.
The card normally charges an annual fee of £25, but this won't kick in until the second year you have the card.
What's more, if you spend £2,000 in the first three months you'll get 20,000 bonus Nectar points
You then earn two points for virtually every pound spent anywhere on your Nectar card.
What can I get with my points?
Broadly speaking, points translate into cheaper days out, fuel and purchases for yourself and your loved ones.
But how much are they actually worth? 500 Nectar points is worth £2.50 in vouchers to spend with Nectar partners, so that 20,000 welcome bonus is worth £100. However, certain partners offer boosted deals, meaning you get even more for your points. For example, between 24th and 28th September you can convert 500 points into a £5 voucher to spend at Pizza Express.
A good deal?
There are plenty of other rewards cards out there, offering everything from money off motoring purchases to Tesco Clubcard points. As such, it's not always easy to compare them. The table below breaks down what's on offer from some of the best rewards cards around.
|
Credit card |
APR |
0% purchase period |
Annual fee |
Perks |
|
25% |
N/A (19.9% variable) |
Free for first year (£25 thereafter) |
20,000 Nectar points welcome offer when you spend £2,000 in the first three months Collect up to four Nectar points for every full £1 spent at Nectar partners One Nectar point for virtually every pound spent elsewhere |
|
|
18.9% |
19 months |
N/A |
Five Clubcard points for every £4 spent at Tesco, one point for every £4 spent elsewhere |
|
| AA Rewards Credit Card | 16.9% | 10 months | N/A |
Earn one point for every £1 spent on motoring and fuel purchases, or £2 spent everywhere else. 4,000 points can be converted into £10 cashback or vouchers with partners, or £20 off at AA. |
|
16.9% |
15 months |
N/A |
Collect one M&S point for every £1 spent in M&S and every £2 spent elsewhere. 100 points equates to £1 in M&S vouchers. Bonus 500 points when you take out the card |
|
|
John Lewis/Waitrose Partnership Card |
16.9% |
6 months |
N/A |
Earn one point for every £1 you spend at John Lewis and Waitrose or £2 elsewhere Every 500 points earned is worth £5 in vouchers |