Interesting eBay offer if you convert Amex Membership Rewards to Nectar

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One option for using your American Express Membership Rewards points which is often forgotten about is converting them to Nectar points.

The transfer rate is 1:1. The minimum transfer is just 1 point which makes this a useful way of using up the last few hundred points on your account if you are closing down your Amex card as most partners only accept transfers in chunks of 1,000.

Few Nectar deals are desperately exciting because most Nectar offers are only worth 0.5p per point. This page on our sister site Shopper Points shows the best value Nectar redemptions – ie everything which gets you more than the standard 0.5p per point. You can do a lot better with your Amex points by converting to airline or hotel points.

Until the 25th June, however, there is an interesting eBay promotion available.

You need to check that you are targeted for this by logging in at the Nectar website and looking at My Bonus Offers.

Assuming you can see the offer, if you cash in your Nectar points for eBay credit by the 25th June, you will get a 50% rebate of the points back into your Nectar account.

Let’s look at how this works.

Imagine you move 10,000 Membership Rewards points to Nectar. If you convert those to eBay credit, you would receive £50 – the usual 0.5p per point.

However, on this occasion, Nectar will refund you 50% of the points! This means that you have only paid 5,000 points for your £50 of eBay credit. That is 1p per Nectar point (and so 1p per American Express Membership Rewards point) which is an excellent deal.

(An easy way of using up the eBay credit is to buy supermarket gift vouchers. You will pay very close to face value including postage but it is an easy way to liquidate your credit.)

There is one snag though.

You are NOT really getting 1p per Membership Rewards point because you need to factor in what you do with the rebated points. Take a look at this example:

Transfer 10,000 Amex points to Nectar

Spend 10,000 Nectar points on a £50 eBay voucher

Get 5,000 Nectar points refunded to your Nectar account

And then …. you need to use the rebated points for another Nectar deal at just 0.5p per point (£25) of value

You would actually have got £75 of value in total for your 10,000 Nectar points which is 0.75p per point.

If you already have Nectar points in your account then this is an excellent deal and you are genuinely getting 1p per point. If you are transferring in from Amex, you will only be getting 0.75p per Amex point. Hope that makes sense …..

American Express transfers to Nectar are usually very quick so you have a very good chance of a transfer made today arriving on or by the 25th. This is an additional risk, of course.

Note that there is a maximum conversion of 40,000 Nectar points (£200 of eBay credit) allowed under this offer. You will not receive the 50% points rebate on any figure above this.

Want to earn more points from credit cards? – December 2021 update

If you are looking to apply for a new credit or charge card, here are our November 2021 recommendations based on the current sign-up bonus.

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the top current deals:

British Airways BA Amex American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and an Economy 2-4-1 voucher for spending ….. Read our full review

British Airways BA Premium Plus American Express Amex credit card

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Earning miles and points from small business cards

If you are a sole trader or run a small company, you may also want to check out these offers.

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

American Express Business Platinum

40,000 points sign-up bonus and a long list of travel benefits Read our full review

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard for a limited company Read our full review

For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending:

Barclaycard Select Cashback Credit Card

1% cashback and no annual fee Read our full review

Category

American Express Membership Rewards

This article is closed to new posts. Discussion continues in the HfP Forums.

Nick says:

22 Jun22 June 05:54

Not sure how long it takes but I converted Nectar points to an eBay voucher several days ago to take advantage of this and I haven’t received a rebate yet so it doesn’t appear to be instant (just an observation, not a complaint).
- Head for Points says:
  
  22 Jun22 June 08:17
  
  The rebate is definitely not instant.
  
  If it WAS instant it would make it an exceptionally good deal, because you could immediately redeem the rebate for another slug of eBay vouchers and get 1p on the rebate.
John G says:

22 Jun22 June 08:02

There is a Vue cinema offer starting next week where 1000 nectar points = 2 adult cinema tickets. This would be excellent value for any remaining balance, although by all accounts it takes a very long time to get your 50% back from the eBay offer.
tje says:

22 Jun22 June 08:19

The reason they hold back crediting the 50% is to stop people with less than 40k points churning the same points around and around – eg 20k points would yield 10k, then 5k, then 2.5k in rebate each time you sent them to ebay.

I did quite well out of this over the weekend. I had just over 40k points, redeemed them for £200 in ebay vouchers. 8TB hdd I’d had my eye on from the Argos outlet was £258, I stacked the £200 voucher with a 10% off code, meaning I got the HDD for 20k nectar and £28. Can’t be bad!
Marcus says:

22 Jun22 June 08:55

OT: I received a (paper) letter from Shell today, offering 1000 bonus points for filling up 5 times with 20 litres minimum of V-Power nitro+ unleaded between 22nd June and 11th August (50 days). This looks targeted. Their further information website shell.co.uk/fivefillchallenge however was not working this morning.
- Marcus says:
  
  22 Jun22 June 08:58
  
  …and for the next few days this can add to the AMEX Shell offer.
takke says:

22 Jun22 June 09:40

Slightly OT Raffles but any idea how long it takes East Coast Rewards to transfer to Nectar? I sent some across at the weekend in the hopes of using them for this offer, do you think they will arrive in time?
Alan says:

22 Jun22 June 09:49

Anyone know if this eBay credit will be applied against seller fees? Also how long is it valid for? Have a wee stash of Nectar points that I may as well cash out via this route rather than the usual 0.5p ones!
- flood says:
  
  22 Jun22 June 12:24
  
  No, cant be used for fees (unfortunately), only purchases. Voucher valid for 12 months. Still not bad value…
  - Rob says:
    
    22 Jun22 June 12:29
    
    Note that you need to spend £10 including postage on eBay for the Nectar vouchers to be accepted. Not a massive restriction but may catch you out if planning to buy something cheap.
  - Alan says:
    
    22 Jun22 June 12:29
    
    Yep – just tried it myself and found that. Ah well, still pretty good value for Nectar so glad I made the conversion!
Nick says:

22 Jun22 June 09:50

Can someone please advise, once you have an ebay credit, how do you go about purchasing a supermarket gift voucher? Do you do it through an ebay outlet? I can’t find gift vouchers on the Tesco outlet site. Thanks in advance.
- TimS says:
  
  22 Jun22 June 10:10
  
  I think Raffles is suggesting buying a voucher in a normal ebay transaction (ie where private sellers have unwanted vouchers that they are looking to sell on to private purchasers).
  
  Essentially a secondhand, but unused voucher.
  - sam wardill says:
    
    22 Jun22 June 10:33
    
    Is this not a bit risky to do with Nectar credit. Do you not lose the normal Paypal buyer protection?
    - Alan says:
      
      22 Jun22 June 10:57
      
      I don’t think so – you have to use PayPal checkout to make use of the voucher…
      
      Conditions to apply your voucher:
      £10 minimum total purchase is required (including P&P)
      You must use Paypal at eBay checkout
      Your eBay voucher will expire in 12 months
      Your eBay voucher can’t be converted back into Nectar points
      - Rob says:
        
        22 Jun22 June 12:33
        
        I have bought a few supermarket gift vouchers because I normally use my Nectar points for eBay credit just to get rid of them. Never had a problem.
      - Nick says:
        
        22 Jun22 June 14:33
        
        Thanks all for your replies. 🙂
        Nick
sarah says:

22 Jun22 June 11:41

Does anyone know if you get one big eBay voucher that you need to spend in one go, or is it like credit that you can spend down as you purchase things?
- flood says:
  
  22 Jun22 June 12:25
  
  You get one big voucher, but I believe it can be spent over multiple smaller transactions, as long as each is over £10
  - Rob says:
    
    22 Jun22 June 12:31
    
    Correct. I have done this.