According to multiple sources, one Nectar point is worth 0.5p. This means that if you earn 1 point from a purchase, it’s the equivalent of 0.5% cashback. For example, 100 points are worth 50p, 200 points are worth £1, and 500 points are worth £2.50. The value of Nectar points is half the value of Tesco Clubcard points. Nectar points can be redeemed at Sainsburys, Argos, and other retailers. At Sainsburys and Argos, 500 Nectar points have a value of £2.50. However, the value of Nectar points can be boosted during special offers and promotions.