By: Kate Anderson | Updated: 1st February, 2019
The M&S Rewards Plus Card calls itself a reward card, and it is just that. If you take out this card, you stand to benefit from a 2,000-point welcome offer, double points and six months interest free on purchases and balance transfers.
On M&S Bank's Secure Website
For M&S shoppers, the M&S Reward Plus card may look like an outstanding option. Over the first year, users get 2 M&S points for every £1 spent at M&S, along with 1 point for every £5 spent elsewhere. You get a nice boost from the beginning too, as M&S will send you a 500-point voucher with the card, and another 2,000-point bonus just for using the card in the first 90 days.Read full review >
|Purchase rate p.a.||19.9% (variable)|
|Representative APR||19.9% (variable)|
|Assumed credit limit||£1,200|
This card rewards highly if you are an M&S shopper, with double points on money spent at M&S plus a 500-point bonus voucher and 2,000-point welcome bonus. The rewards are the main offer, but the card also has 0% interest for six months on purchases and balance transfers.
If rewards are what you are after and you are an M&S shopper, there is a lot to like about this card.
I worked on the front line of personal-finance best buys for over eight years at one of the world’s largest research companies, Nielsen. I reported daily on the developments of the 2008 financial crisis and beyond, keeping up with the changing financial landscape and providing insights to all the major banks in the UK. I know the key players in the market and the tactics behind how they behave. All of which I will apply to highlight the best deals and give honest reviews to help you in your search.
If you are already an M&S shopper, then this could be a great option for you – but if you aren’t, there are definitely limitations to this card.
In terms of the rewards available, the M&S Rewards Plus Card does deliver if you are an M&S shopper. It is not uncommon for loyalty schemes to reward more highly for spend in store, with Tesco and Sainsbury’s doing the same, but you do need to take into account that the vouchers are also specific to M&S and not as generic as rewards from other reward cards. The introductory 0% interest periods add to the package, but at six months they are unlikely to sway your decision.
M&S states that it will undertake a credit register search and view your credit score as part of the application. Meanwhile, M&S requires applicants to be UK residents and be aged 18 or over.
Applications can be made through the M&S Bank website and will apparently take only seven minutes.
You will need to provide your address details for the past three years, employment history, income, email address and the account number and sort code for a UK bank or building society.
Once you have completed the online application, the bank will send you the paperwork to sign and return before it opens your account.
If you are an M&S shopper looking for a card that will give you something extra, then the M&S Rewards Plus Card would be a great option for you. However, as the loyalty scheme is very much tied to spending at M&S and the rewards come in the form of M&S vouchers, if you don’t shop in M&S you will not see much benefit. The introductory 0% period for purchases and balance transfers does give the card an added element, but if you are in the market for these sorts of offers there are other cards available more suited to your needs.
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