Sainsbury’s Bank has made a major change to its Nectar points deal, slashing the rewards consumers can earn by 75%.
The bank has emailed its 1.8 million customers in the UK to tell them of the change, from November 1, which has prompted a torrent of complaints. The scheme currently rewards customers with two points for every £1 they spend at Sainsbury’s, Argos, Habitat and Tu clothing, but the new system will offer just a quarter of that, with customers collecting just one Nectar point for every £2 spent. So £100 worth of shopping at Sainsbury's will earn the cardholder 200 Nectar points now, but only 50 points after November 1. Shoppers need 200 Nectar points go get £1 to spend.
Customers have taken to Twitter to complain about being dealt the blow during the cost-of-living crisis which is seeing inflation rise to record levels and shoppers looking to make savings where they can.
