2 points per £1 spent. Year 1 - £0, Year 2 onwards - £25 per annum. 31% APR (variable) Earn 20,000 bonus Nectar points when you spend £2,000 in your first 3 months. Earn a minimum of 3 Nectar points for virtually every £1 spent at Nectar partners, and 2 Nectar points for virtually every £1 spent elsewhere.