Not a lot of people know that Nectar is a transfer partner of American Express Membership Rewards. You can transfer your Amex points into Nectar points in a ratio of 1:1.
The minimum transfer to Nectar is just 1 point. This means it is a good way of emptying out an Amex Membership Rewards account if you have a few points left over after transferring to Avios, where you must move in chunks of 1,000.
Nectar has just launched ‘Double Up & More’ which runs until August 12th.
Instead of receiving 0.5p per Nectar point, some partners are now offering 1p and even 2p. This means that you would be getting very good value from your Membership Rewards points.
The best deals (ie 2p per point) are for theme park and days out tickets, eg LEGOLAND, Chessington, Tussauds. Pizza Express vouchers are available at x2, ie 1p per Amex point – although note that they cannot be used to pay for drinks, only food.
Many of these partners are also available via Tesco Clubcard Boost so you would need to decide which route offered the best deal.
If you do plan to transfer American Express Membership Rewards points to Nectar to take advantage of this, you should do it sooner rather than later as they take a few days to go across. You need to order your ‘Double Up’ vouchers from Nectar by August 12th.