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American Express Nectar Credit Card

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      20.06.2009 00:57
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      Good for some people - depends what you are looking for from a card

      I have an American Express Nectar card and whn i got it i used it to balance transfer at a rate of 5.9% for the life of the balance transferred which was really good for me at the time.

      The card is purple in colour with the American Express logo on the bottom right hand side and the nectar logo in the corner. You can earn Nectar points on any balance transfers and purchases you make.

      When i first got it i made quite a few Nectar points using the card which was really handy but now that i use it less i don't make so many but as they say every little helps!

      The only problems if you only carry an American Express card (which i wouldn't recommend) is that a number of places don't accept it...it does seem to be more widely accepted now but for a long time i would have to ask in restarants and bars particularly and few accepted it - i think this has changed now.

      One thing to remember with an American Express card is that the security number (if you need to use it for over the phone or online purchases) is the four digits on the right above the long card number - if you give the last three on the back as standard with other credit cards it will get declined - this happened to me a few times so i'm just warning you in advance!

      Now the rate is at 19.9% i use the card for occasional purchases and when travelling abroad but i always pay it off within the interest free period or i could end up paying a lot of interest. I still make some Nectar points but not as many as when i first had the card.

      If you need to call American Express about a complaint on your card be prepared for them to take a while - although very friendly they can take ages to locate the correct person to deal with your problem and since the credit crunch they are forever changing credit limits etc which can be a pain.

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      31.01.2009 20:16
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      A nice little earner!

      The American Express Nectar Credit card is one of the nicest cards I have ever used. First off, it looks very different to the standard credit card. It has a transparent top part and a purple (nectar's colour) bottom part and has a swirl in the middle. Quite classy looking, but often misleading people to think that it is not a real credit card! I have been told a few time " Ma'am, this is your nectar card, sorry"! and I have to clarify that it is in fact a credit card!

      Secondly, the benefits on the card are quite good. If you apply for the card online via the nectar website, you get 5000 nectar points (equivalent of £25). The card is obviously linked to the Nectar card and hence is a great source of earning nectar points. Note: If you choose American Express from the nectar e-stores, you get an additional 2000 nectar points (equivalent of £10) but unfortunately, I did not know this at the time of application, so I missed out on this!

      The card arrived quickly and had a very respectable credit limit. The downside is, you must be earning a minimum of £20,000 per year to qualify. They do actually check this by requesting a copy of the last payslip!

      The card is accepted in most stores as is contrary to normal belief. Most of the big stores accept it and there is always the odd store that doesn't! However, I must point out that there are more stores that accept AMEX than people think.

      The first 3 months, you double you nectar points on all purchases making a very easy addition to the nectar points. After that, it is the usual 2 points per pound spent! I made nearly 9000 points within this period (just by the introductory bonus and spending in the first 3 months) that I managed to buy a printer from Argos using my nectar points (worth £40). Amazing, I think!

      Overall, I think it is a great card and a must try for anyone that has a nectar card and fancies an additional bonus!

      Its a great little quite earner!

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