So one of my friends recommended the Sainsbury’s credit card to me, for the nectar point benefits. Now I’m a hardcore Tesco credit card person, so I thought…great idea for a blog. Which card nets the savvy shopper the most benefits..read on you will be surprised. Don’t forget to like Mrs Mummypenny on facebook. https://www.facebook.com/MrsMummypenny
So firstly the basics…this research is done today 30th July. Both offer deals on balance transfers and purchases. Tesco will give you 27 months interest free on balance tfrs…but you’ll have to pay a fee of 3.15%…so a tfr of £5,000 will cost you £157.70. Or they offer 18 mths interest free period on purchases. Sainsbury’s offer 15 months interest free for balance tfrs and 6 months interest free for purchases. Again theres a 3% fee. But I’m not focussing on that…..
I’m interested in the free stuff you get with clubcard vouchers and Nectar points/vouchers.
So 2 examples, one for Tesco then one for Sainsburys.
For both assume you push all your monthly spending through the credit card and pay the full balance each month. Spend £1500 each month, £600 on grocery, £300 on petrol and the remaining £600 elsewhere (ie not in Tesco or Sainsburys).
|Tesco Clubcard Rules|
|Tesco stores – five Clubcard points for every £4 you spend.|
|Tesco fuel – five Clubcard points for every £4 you spend (excludes Esso Fuel).|
|Everywhere else – one Clubcard point for every £4 you spend.|
|Sainsbury’s Clubcard Rules|
|10 Nectar points per £1 spent on Sainsbury’s shopping for the first 3 months from account opening (capped at £1,000 spend per month)|
|and 1 Nectar point for every £5 spent on your card elsewhere|
|After the first 3 months collect 4 points per £1 on Sainsbury’s shopping# and 1 Nectar point for every £5 spent on your card elsewhere|
|Tesco Clubcard Voucher Tracker|
|£ Spent||Points Earnt||Value of vouchers per month||Double Up value per mth|
Sainsbury’s Nectar Point
|£ Spent||Points Earnt||Value of Nectar Points||£2.50 vouchers for every 500 points|
|1500||9120||27360||After mths 1-3||55||£137|
To be fair, compare the value of vouchers earnt over 1 year..and guess what they are pretty much the same!!! Tesco wins by £2…..but amazingly they are both worth £300 each in clubcard vouchers or nectar vouchers per year.
|Overall Voucher Value|
In the short term the Sainsbury’s card gives you more, but then slows down beyond month 3. And to be fair to Tesco I have assumed that the vouchers are used in double up promotion periods. If yo are extra savvy clubcard rewards will more often give you 3 times the value and sometimes 4. I have had a tesco credit card for years, here is what I’ve got for free over the past 2 years.
1) 1/2 Diamond necklace from Goldsmiths (3 x voucher value)
2) Legoland tickets for family (£10.50 in vouchers for 2 adults and 2 children)
3) Complete replacement of Denby dinner set (4 x voucher value in special promotion)
4) Eurotunnel ticket to france for our holiday in June (2 x voucher value for tickets)
5) 5 months worth of contact lenses (2 x voucher value spent in tesco opticians in store)
I really do love my clubcard vouchers;-)
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