Credit card giant American Express (Amex) has announced a new credit card featuring the Nectar reward points program. For some users the card could make a good replacement for Sainsbury’s or Barclaycard cards which have recently pulled out of the scheme.

Users of the card will earn 1 Nectar point per pound they spend using the card, which is doubled up to 2 points per pound if the card is used at Nectar-participating retailers such as Debenhams, Sainsbury’s or BP.

The points earned are in addition to the 2 points per pound you earn by showing your normal Nectar rewards card, meaning that you could earn up to 4 points per pound you spend if you play your cards right.

At release, the card features a standard APR of 12.9%, an introductory balance transfer rate of 5.9% for the life of the balance, and a bonus of 1000 Nectar points when you first use the card.

For up to date details on this card, see our Amex Nectar details page

This entry was posted on Friday, September 16th, 2005 at 8:53 pm and is filed under New Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.