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Supermarket loyalty programs have become even more important in recent years as the two giants, Tesco and Sainsbury’s, have launched Clubcard and Nectar Prices.
But although the cards offer lower prices, the accumulated points still mean prizes for some followers of loyalty programs.
So what happens if a scammer steals your points? This is Money’s Angharad Carrick recently tracked down some stolen Nectar points and uncovered a story that raised as many questions as it answered.
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In this podcast, Ang, Georgie Frost and Simon Lambert discuss the mystery of the stolen Nectar Points and how our reader received little attention from Sainsbury’s, Action Fraud and the police when he was robbed of £230.
Also, are these loyalty cards any good and are they worth having anyway? Why is the competition watchdog investigating them?
Also on this week’s show:
Many more people are taking out mortgages than are over state pension age, but with work and retirement blurring and changing, does this matter? Simon explains why he thinks so, but for another reason.
Would you buy fake money for a reduced price on social media? It sounds silly, but this is a real thing: we watch it happen.
Charles Stanley Direct’s Rob Morgan explains why the FTSE 100 has hit a record 12 closing peaks in one month.
And should a reader who is still working at 77, worth £2.6m and doesn’t want a huge inheritance tax bill, start giving money away and splurging it on himself and his family? ?
This is the money podcast
