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Viking is halving its Nectar points earning rate

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Office supplies group Viking has been a Nectar partner for many years, even as many (many, many) other companies have walked away.

It has clearly lost its enthusiasm for the programme, however.

From 1st January, the earn rate with Viking with halve from 2 Nectar points per £1 spent to 1 Nectar point.

Viking halves the Nectar points earn rate

I don’t how excited you are about getting 0.5p back for every £1 you spend, before VAT and delivery, but it’s not doing much for me.

We should give Viking full marks for spin, however. In the announcement of the cut to your rewards, it says:

At Viking, we’re committed to making your shopping experience as rewarding as possible. Based on your feedback, we’ve expanded our range of rewards!

It’s not clear which Viking customers asked for their Nectar rewards to be halved. It’s probably the same people who told Virgin Atlantic to get rid of the 12 guaranteed award seats on every flight and the same people who trialled BA’s ‘breakfast for lunch’ brunch service and encouraged them to roll it out. We need to root these people out and have a quiet word with them.

The ‘new customer’ bonus seems to be ending too

Viking is still running a Nectar bonus for new customers. However, the Nectar app implies that this will go away on 1st January at the same time as the reward rate is cut.

As you can see here, Viking is currently offering 1,000 bonus Nectar points with your first purchase of £29 + VAT after you add your Nectar number to your Viking account. This is worth an extra 625 Avios on your order.

If you’ve never used Viking it may be worth trialling them now whilst the new customer offer is still there.

As an office supplies group, Viking is an obvious place to pick up your next printer cartridge or similar. It also has a lot of ‘office use but usable domestically’ products, such as coffee capsules and bulk supplies of bottled water.

Don’t forget to link your Nectar account to your Viking account before ordering. The instructions are here.

Comments (7)

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  • ChasP says:

    It’s not clear which Viking customers asked for their Nectar rewards to be halved…… We need to root these people out and have a quiet word with them.

    Love it !

    Iin reality you can phrase a question to get the answer the accountants want eg Virgin would like more seats to be available for reward bookings – even at a slightly higher price

    • AJA says:

      This retired accountant would caveat that sentence with “But beware of unintended consequences. If by slightly higher prices you actually mean a lot higher such that your savvy long-standing customers will see through this and realise it is a massive devaluation then think twice before you implement this change. There are risks to your reputation with such a strategy.”

      An accountant (and indeed any other business decision maker) who, to quote Oscar Wilde, knows the price of everything and the value of nothing is a bad accountant. Merely being able to quantify things, to measure things, to compare and analyse can make it easy to miss the bigger issues and opportunities of doing something different.

    • Scott says:

      I would assume the same people who want BA to “enhance” this and that 😉

  • Dubious says:

    Aside from the new customer sign up promotion I’ve noticed they often have Nectar Bonus point promotions during the year – sometimes requiring a promo code Not enough to swing it but worth checking.

    Does Viking Direct get some benefit of being a Nectar partner aside from the direct marketing role? E.g. data?

  • Callum says:

    They obviously mean that customers expressed more interest in the rewards than the nectar points, so they’re expanding the rewards and cutting back on nectar.

    They didn’t say that customers want to earn less, so I have no idea (other than trying to be sensational) people always act like this every time cuts are made…

  • Greenpen says:

    I suspect most of the Nectar earning is done by employees of smaller companies who use it to order work stationery. A nice perk for them. Viking maybe interested in larger orders?

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