16 Nov '22: Avios TO Nectar conversion rate devalued 20%. Nectar to Avios unchanged.
Nov 2, 2022, 5:03 am
#1
Original Poster
Join Date: Jun 2008
Posts: 851
16 Nov '22: Avios TO Nectar conversion rate devalued 20%. Nectar to Avios unchanged.
To follow the news that the earning process is getting worse in flights - they’ve now devalued Avios - Nector (going from 400 Nector for 250 avios to needling 300 avios to get the same 400 Nector.
All in all a rather depressing week.
All in all a rather depressing week.
Nov 2, 2022, 5:25 am
#3
Join Date: Feb 2013
Location: LON/NYC/SIN/Peckham
Programs: BA Gold, FB Gold, *G, Hilton Diamond, Just Eat Platinum For Life
Posts: 168
On the basis that the transfer rate is the same both ways, possibly an arbitrage opportunity here to make an additional 20% on their current Avios balance?
Nov 2, 2022, 5:38 am
#4
Join Date: Dec 2015
Location: Hertfordshire, UK
Programs: BA Blue, Qatar Gold, Hilton Diamond, IHG Spire Ambassador, Marriott Gold
Posts: 494
Am I missing something? Able to transfer 50,000 Avios to 80,000 Nectar (£400) / 250 Avios to 400 Nectar.
Nov 2, 2022, 5:40 am
#5
Join Date: Sep 2012
Location: NW London and NW Sydney
Programs: BA Diamond, Hilton Bronze, A3 Diamond, IHG *G
Posts: 6,343
New rate effective 16 November.
Nov 2, 2022, 5:41 am
#6
Join Date: May 2006
Location: Godalming, Surrey, UK.
Programs: Nowt of note.
Posts: 1,628
It's being discussed in the Head For Points forum, apparently the change kicks in in two weeks on Nov 16th. https://www.headforpoints.com/forums...n-rate-change/
I haven't had any email from Nectar myself.
I haven't had any email from Nectar myself.
Nov 2, 2022, 5:44 am
#7
Join Date: Dec 2015
Location: Hertfordshire, UK
Programs: BA Blue, Qatar Gold, Hilton Diamond, IHG Spire Ambassador, Marriott Gold
Posts: 494
Nov 2, 2022, 5:47 am
#8
Join Date: Sep 2012
Location: NW London and NW Sydney
Programs: BA Diamond, Hilton Bronze, A3 Diamond, IHG *G
Posts: 6,343
If your net flow is intended to be from avios to nectar (or you aren't sure, because you will be able to undo it), then you should convert today to avoid the devaluation.
The new rate (300 avios to 400 nectar in this direction only) is in the email which I guess is going out in batches
Nov 2, 2022, 5:48 am
#10
Join Date: Dec 2015
Location: Hertfordshire, UK
Programs: BA Blue, Qatar Gold, Hilton Diamond, IHG Spire Ambassador, Marriott Gold
Posts: 494
Realised my own mistake and edited my comment - not had my coffee today!
Nov 2, 2022, 5:55 am
#11
Join Date: Jul 2014
Location: London, UK
Programs: Nandos Chillis
Posts: 196
The Avios to Nectar points conversion rate is changing
We wanted to let you know that from 16 November 2022, the conversion rate of Avios to Nectar points will be changing.
When converting Avios to Nectar points, you currently receive 400 Nectar points for every 250 Avios converted. From 16 November 2022 that will change to 400 Nectar points for every 300 Avios that you convert. The Nectar to Avios conversion rate will remain the same.
This change will take place automatically and your British Airways Executive Club and Nectar accounts will continue to be linked so you don’t need to do anything.
Find out all you need to know about the change by clicking on Learn more below
The only people benefiting from any arbitrage will be Nectar.
Last edited by TheUrbanite; Nov 2, 2022 at 6:08 am
Nov 2, 2022, 6:00 am
#12
Join Date: Dec 2015
Location: Hertfordshire, UK
Programs: BA Blue, Qatar Gold, Hilton Diamond, IHG Spire Ambassador, Marriott Gold
Posts: 494
It's not scaremongering, I had the email from BAEC.
The Avios to Nectar points conversion rate is changing
We wanted to let you know that from 16 November 2022, the conversion rate of Avios to Nectar points will be changing.
When converting Avios to Nectar points, you currently receive 400 Nectar points for every 250 Avios converted. From 16 November 2022 that will change to 400 Nectar points for every 300 Avios that you convert. The Nectar to Avios conversion rate will remain the same.
This change will take place automatically and your British Airways Executive Club and Nectar accounts will continue to be linked so you don’t need to do anything.
Find out all you need to know about the change by clicking on Learn more below
The only people benefiting from any arbitrage will be Nectar.
The Avios to Nectar points conversion rate is changing
We wanted to let you know that from 16 November 2022, the conversion rate of Avios to Nectar points will be changing.
When converting Avios to Nectar points, you currently receive 400 Nectar points for every 250 Avios converted. From 16 November 2022 that will change to 400 Nectar points for every 300 Avios that you convert. The Nectar to Avios conversion rate will remain the same.
This change will take place automatically and your British Airways Executive Club and Nectar accounts will continue to be linked so you don’t need to do anything.
Find out all you need to know about the change by clicking on Learn more below
The only people benefiting from any arbitrage will be Nectar.
Edit, I note the link does not say anything about the change.
Nov 2, 2022, 6:20 am
#14
Join Date: Jun 2013
Location: UK
Programs: BA GGL, BA Amex Prem, Amex Plat, Hilton Diamond, Sir Crazy8534 de l'ordres des aides de Pucci
Posts: 4,430
Nov 2, 2022, 6:32 am
#15
Moderator: British Airways Executive Club, Marriott Bonvoy
Join Date: May 2006
Location: Englandshire
Programs: SPG LT Plat, BA G, BD*LG, MG Blue+ ...
Posts: 16,014
So, this announcement affects the "How much are Avios worth ?" debate.
Previously : 250 Avios buys 400 Nectar points = £2, so 0.8p/Avios
New : 300 Avios buys 400 Nectar points = £2, so 0.67p/Avios
Devaulation = 20%
Previously : 250 Avios buys 400 Nectar points = £2, so 0.8p/Avios
New : 300 Avios buys 400 Nectar points = £2, so 0.67p/Avios
Devaulation = 20%
