Nectar Credit Card
From American Express
Summary
Nectar Credit Card is provided by American Express.
The representative APR is 19.9%APR variable.
The representative APR is 19.9%APR variable.
How long will it take to repay with the Nectar Credit Card
Fixed payment
By switching to the Nectar Credit Card , you could pay off £1000 in by budgeting £50 each month. This would effectively cost you £50.
Minimum payment
By comparison, if you only make the minimum payment each month, it would take 18 years and 11 months to repay, costing you a total of £2,360 on top of the original balance!
If this seems high, that's because your minimum payment is calculated as a percentage of your balance. This means each payment will be slightly lower than the month before which will have less effect on clearing your balance. So be smart and pay as much as you can afford!
Rates & Charges
Introductory rates
Balance transfers
Not available
Balance transfer fee
Not available
Purchases
Not available
Ongoing rates
Typical APR
Balance transfer rate
Not allowed
Balance transfer fee
Not available
Balance transfer limit
Unknown
Cash advance rate
27.9%
Fees and Charges
Annual fee
£0
Cash advances
3% or £3 minimum 103 cards better than this
Foreign currency transactions
Late payment fee
£12
Over limit fee
£12
Returned payment fee
£12
Insurance and Protection
Payment protection
Payment protection
Free payment protection
Free warranty cover
Free price protection insurance
Online fraud protection
Online fraud protection
Travel insurance
Lost luggage cover
Travel delay insurance
Travel insurance upgrade
Requirements to qualify
Minimum credit history
Good
Minimum age
18
Minimum income
£30,000.00
Must be employed
Yes
Repayment
Interest charged from
Debit
Interest-free period
56 days
Interest-free period on cash advances
None
Time to make payment after statement date
25 days
Minimum payment
2.5% of balance or £5
Payment by direct debit
Available
Rewards
Rewards Point Descriptions
5,000 Bonus points when you spend £500 on the Card in the first 3 months. 500 More Points when you spend £500 on the Card in any calendar month 2 Nectar points for every full £1 you spend at participating Nectar partners. 1 Nectar point for every full £1 you spend everywhere else. Up to 4 Nectar points for every full £1 you spend when you use both your Nectar Credit Card & your Nectar loyalty card at participating Nectar partners. Refund Protection Benefit - refunds on eligible items within 90 days of purchase. No annual fee. Terms & conditions apply.
Better deals on balance transfers
Better deals on purchases
