How does it compare with other Amex rewards deals?
Table: sorted by representative APR, promoted deals first
Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
You can make manual repayments through American Express's app by logging in to your online banking or over the phone (0800 917 8015). Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.
You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
How to apply
First, you can use Finder's eligibility checker to find out if you'd be likely to get approved for the American Express® Nectar Credit Card. This won't impact your credit score. If it's good news, you can then proceed to American Express's online application, which takes 10–15 minutes to complete.
The bottom line
If Sainsbury’s is your supermarket of choice, and you’re looking to get something back on your weekly shop, the American Express Nectar credit card lets you earn additional Nectar points. You’ll also be able to earn bonus introductory points, and benefit from a generous referral scheme if you have friends or family who also sign up for the card.
Of course, there’s also an annual fee that kicks in after the first year, which means you’ll need to be using your card relatively regularly to come out ahead.
Frequently asked questions
How many Nectar points can I earn?
You can earn 20,000 bonus Nectar points if you spend more than £2,000 in the first three months, and can then get two points for every full £1 you spend using your card. You can also get up to 90,000 bonus points per year by referring friends to American Express, provided they are approved.
Where can I use my Nectar points?
What will my credit limit be?
The minimum credit limit is £700, but your specific credit limit will depend on factors like your credit rating and financial situation.
How much does it cost?
This depends on whether you manage to pay off your balance each month. If not, you'll pay a variable rate of 30.7% on purchases, as well as a 3% (min. £3) cash advance fee. There's no annual fee for the first year, but you'll then pay £25 for each subsequent year.
Finder credit card ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts score rewards credit cards to determine their value against similar products on the market. We look at a number of important factors, like welcome bonuses, introductory and ongoing earn-rates, any caps or restrictions on the points you can earn, plus the potential costs involved with running the card both in the short and longer term.
You can read more about our scoring criteria on our credit card methodology page.
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. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.