Martin Lewis, Money Saving Expert, appeared on This Morning today to tell viewers not to spend their Sainsbury’s Nectar points.
The financial expert, 45, told Eamonn and Ruth that shoppers should be saving their points – as they will be worth much more in a week’s time.
In fact, you should avoid spending the supermarket’s awards system credits until Wednesday next week.
Martin said: “Hold on to your Sainsbury’s Nectar points as from next Wednesday 8 November you’ll be able to exchange them for double the value in vouchers, which you can then use from Wednesday 15 November until Tuesday 21 November.”
He added: “So, you’ll be able to swap 1,000 points for a £10 voucher instead of the usual £5 – though the most you can exchange is up to 4,000 points per department, so max £40.
“Exchanged vouchers can only be used on Tu clothing, toys, electricals, entertainment, houseware, seasonal items and Taste the Difference wine.”
Martin also repeated advice he gave viewers on Wednesday’s episode of Good Morning Britain and urged them to ask British Gas for a 12 per cent discount.
He said: “British Gas has launched rare, far cheaper dual-fuel direct debit deals open to anyone who pays by direct debit. But if you’re an existing customer you won’t get the new tariff automatically.”
“These will save most British Gas existing customers over £100 and guarantee no price hikes for at least a year, though you can save much, much, more with other suppliers – and I think you should.
“Yet about 60 per cent of people stick with their existing firm, so if you’re with British Gas and won’t do anything else at least do this.”
Martin Lewis suffered an embarrassing blunder on Good Morning Britain, as he gave the advice.
The daytime television regular was left floundering as his screen failed to update when he tried to discuss British Gas’ price updates.
Earlier in the week Martin Lewis appeared on various television and news segments across different channels to tell listers and viewers his advice on how to take advantage of the Bank of England interest rate hike.
He said: “Low-interest rates have been a plague for many with savings, especially those who retired and expected to live off the interest. So rate rises are generally good news for them – indeed we’ve already seen rates crawl up in expectation.
“The top easy access deal is now 1.3 per cent, compared to just 1 per cent a few months ago. This means I doubt we’ll see the top best-buys rise by the full 0.25 per cent over the next few weeks.”
Martin has predicted they will max out at 1.4 per cent to 1.5 per cent.