Interesting eBay offer if you convert Amex Membership Rewards to Nectar
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One option for using your American Express Membership Rewards points which is often forgotten about is converting them to Nectar points.
The transfer rate is 1:1. The minimum transfer is just 1 point which makes this a useful way of using up the last few hundred points on your account if you are closing down your Amex card as most partners only accept transfers in chunks of 1,000.
Few Nectar deals are desperately exciting because most Nectar offers are only worth 0.5p per point.
Until the 25th June, however, there is an interesting eBay promotion available.
You need to check that you are targeted for this by logging in at the Nectar website and looking at My Bonus Offers.
Assuming you can see the offer, if you cash in your Nectar points for eBay credit by the 25th June, you will get a 50% rebate of the points back into your Nectar account.
Let’s look at how this works.
Imagine you move 10,000 Membership Rewards points to Nectar. If you convert those to eBay credit, you would receive £50 – the usual 0.5p per point.
However, on this occasion, Nectar will refund you 50% of the points! This means that you have only paid 5,000 points for your £50 of eBay credit. That is 1p per Nectar point (and so 1p per American Express Membership Rewards point) which is an excellent deal.
(An easy way of using up the eBay credit is to buy supermarket gift vouchers. You will pay very close to face value including postage but it is an easy way to liquidate your credit.)
There is one snag though.
You are NOT really getting 1p per Membership Rewards point because you need to factor in what you do with the rebated points. Take a look at this example:
Transfer 10,000 Amex points to Nectar
Spend 10,000 Nectar points on a £50 eBay voucher
Get 5,000 Nectar points refunded to your Nectar account
And then …. you need to use the rebated points for another Nectar deal at just 0.5p per point (£25) of value
You would actually have got £75 of value in total for your 10,000 Nectar points which is 0.75p per point.
If you already have Nectar points in your account then this is an excellent deal and you are genuinely getting 1p per point. If you are transferring in from Amex, you will only be getting 0.75p per Amex point. Hope that makes sense …..
American Express transfers to Nectar are usually very quick so you have a very good chance of a transfer made today arriving on or by the 25th. This is an additional risk, of course.
Note that there is a maximum conversion of 40,000 Nectar points (£200 of eBay credit) allowed under this offer. You will not receive the 50% points rebate on any figure above this.
Want to earn more points from credit cards? – April 2024 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
Barclaycard Avios Plus Mastercard
Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review
Barclaycard Avios Mastercard
5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
British Airways American Express Premium Plus
25,000 Avios and the famous annual 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review
The Platinum Card from American Express
40,000 bonus points and a huge range of valuable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 bonus points and 1.5 points for every £1 you spend Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers:
SPECIAL OFFER: Until 12th May 2024, the Capital on Tap Business Rewards Visa card is offering a bonus of 30,000 points, convertible into 30,000 Avios. You must have a Limited Company to apply. Click here to learn more and click here to apply.
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
American Express Business Platinum
40,000 points sign-up bonus and an annual £200 Amex Travel credit Read our full review
American Express Business Gold
20,000 points sign-up bonus and FREE for a year Read our full review
Capital on Tap Business Rewards Visa
Huge 30,000 points bonus until 12th May 2024 Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.
Barclaycard Select Cashback Business Credit Card
1% cashback uncapped* on all your business spending (T&C apply) Read our full review
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