Pros and cons of Nectar.
Wulet is not the only company to try and include many companies in an aggregate loyalty program. Let’s take a quick look at Nectar, to see what it have come up with and what Wulet has to offer in comparison.
Nectar, one of the biggest and oldest. loyalty programs in the UK appearing in 2002. It allows customers to collect points per pound spent at a rate of 1 point per £1 at Sainsbury’s and at other rates depending on the retailers. These points may then be redeemed at the counter in certain stores, or put towards a discount in others as well as used in any of the 400 participating online retailers using the Nectar app or physical Nectar card. Nectar boasts at least 16.8 million users and continue to attract new members.
Nectar include shops of all categories from groceries, to home appliances, technology, gas and clothing. Nectar is partially successful thanks to the reach of it’s partner companies like Sainbury’s and Argos which have over 1,500 locations in the UK.
However, Nectar is limited to the nation that it was founded in, unlike Wulet. With Wulet you don’t have to pick and choose. Thanks to the Wulet exchange you can collect points from absolutely any store, and trade them for points which you wish to use in another. Wulet is not limited to geography due to the blockchain. You are guaranteed to get the most out of your bonus points and be rewarded for your loyalty to any brand, and above all save money and use your points as you see fit.