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The Best M&S Bank Credit Cards

Updated: 8th April 2021

M&S Bank has a streamlined credit card offering that packs a punch. While there may not be a plethora of options in its portfolio, what it does have ticks the boxes in terms of introductory offers and rewards. If you are a fan of the high street retailer, then Marks & Spencer credit cards could make a particularly attractive package.

We’ve reviewed the cards in the M&S Bank portfolio, taking a close look at introductory offers and rewards, as well as interest rates and fees

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Here are MyWalletHero’s favourite credit cards from M&S Bank

Credit card offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about our ratings and page sort here. Offers from affiliate partners are marked with a *.

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Great for: Long 0% purchase and balance transfer, plus points
4.5 stars question mark
M&S Shopping Plus Credit Card *
Apply Now!

On M&S Bank's Secure Website

    Check Eligibility

The M&S Shopping Plus credit card ticks a lot of the boxes to make a great credit card. For starters, there’s a long 20-month 0% period on new purchases. But you can add to that a 18-month, 0% period for balance transfers made in the first 90 days and the M&S points programme. It is worth noting that there’s a 2.9% fee on balance transfers.

Read full review >

CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest on purchases for the first 20 months
  • 0% interest for 18 months on balance transfers made in the first 90 days
  • 2.9% balance transfer fee
  • Earn M&S points for shopping at M&S and elsewhere
  • Bonus points voucher for 500 M&S points (worth £5 at M&S) mailed with new card

REPRESENTATIVE EXAMPLE

Representative rate 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Assumed credit limit £1,200

* This is an offer from one of our affiliate partners. Click here to learn more about why and how we work with partners.

what we like

  • 0% interest on purchases for the first 20 months
  • 0% interest for 18 months on balance transfers made in the first 90 days (2.9% fee applies)
  • Earn M&S points for shopping at M&S and elsewhere
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    21.9%
  • INTRO OFFER:

    0% interest on purchases for 20 months
    0% interest on balance transfers for 18 months

KEY SCORES:

  • 4/5 Perks
  • 5/5Fees
  • 4/5APR

HIGHLIGHTS

  • 0% interest on purchases for the first 20 months
  • 0% interest for 18 months on balance transfers made in the first 90 days
  • 2.9% balance transfer fee
  • Earn M&S points for shopping at M&S and elsewhere
  • Bonus points voucher for 500 M&S points (worth £5 at M&S) mailed with new card

REPRESENTATIVE EXAMPLE

Representative rate 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Assumed credit limit £1,200

* This is an offer from one of our affiliate partners. Click here to learn more about why and how we work with partners.

Great for: Really long balance transfer period
4 stars question mark
M&S Transfer Plus Credit Card *
Apply Now!

On M&S Bank's Secure Website

    Check Eligibility

The M&S Transfer Plus card gives you a very long 29 months of 0% interest on balances transferred in the first 90 days. Users will have to cough up a balance-transfer fee of 2.75% though. Balancing that out, the M&S Transfer Plus also offers 0% for 3 months on purchases and M&S points on all purchases.

Read full review >

CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 0% interest for 29 months on balances transferred in the first 90 days (2.75% fee applies)
  • 0% interest on purchases for 3 months
  • Earn M&S points for shopping at M&S and elsewhere

REPRESENTATIVE EXAMPLE

Representative rate 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Assumed credit limit £1,200

* This is an offer from one of our affiliate partners. Click here to learn more about why and how we work with partners.

what we like

  • 0% interest for 29 months on balances transferred in the first 90 days (2.75% fee applies)
  • 0% interest on purchases for 3 months
  • Earn M&S points for shopping at M&S and elsewhere
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    21.9%
  • INTRO OFFER:

    0% on balance transfers for 29 months, available for 90 days from account opening
    0% on purchases for 3 months

KEY SCORES:

  • 5/5 Perks
  • 4/5Fees
  • 4/5APR

HIGHLIGHTS

  • 0% interest for 29 months on balances transferred in the first 90 days (2.75% fee applies)
  • 0% interest on purchases for 3 months
  • Earn M&S points for shopping at M&S and elsewhere

REPRESENTATIVE EXAMPLE

Representative rate 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Assumed credit limit £1,200

* This is an offer from one of our affiliate partners. Click here to learn more about why and how we work with partners.

Great for: Big points at M&S plus sign-up bonus
3.5 stars question mark
M&S Reward Plus Credit Card *
Apply Now!

On M&S Bank's Secure Website

    Check Eligibility

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.

Read full review >

CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • 2 M&S points for every £1 spent at M&S in first year (1 points per £1 spent after that)
  • 1 M&S point for ever £5 spent elsewhere
  • 500 point M&S voucher (worth £5) sent with card
  • 0% interest for 6 months on purchases
  • 0% interest for 6 months on balances transferred in the first 90 days (2.9% fee applies)
  • No annual fee

REPRESENTATIVE EXAMPLE

Purchase rate p.a. 19.9% (variable)
Representative APR 19.9% (variable)
Assumed credit limit £1,200

* This is an offer from one of our affiliate partners. Click here to learn more about why and how we work with partners.

what we like

  • Double M&S points for M&S shopping in first year (2 points per £1 spent)
  • 1 M&S point for every £5 spent elsewhere
  • 0% interest for 6 months on purchases and balance transfers made in the first 90 days
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    19.9%
  • INTRO OFFER:

    Double points at M&S for first year

KEY SCORES:

  • 3/5 Perks
  • 5/5Fees
  • 4/5APR

HIGHLIGHTS

  • 2 M&S points for every £1 spent at M&S in first year (1 points per £1 spent after that)
  • 1 M&S point for ever £5 spent elsewhere
  • 500 point M&S voucher (worth £5) sent with card
  • 0% interest for 6 months on purchases
  • 0% interest for 6 months on balances transferred in the first 90 days (2.9% fee applies)
  • No annual fee

REPRESENTATIVE EXAMPLE

Purchase rate p.a. 19.9% (variable)
Representative APR 19.9% (variable)
Assumed credit limit £1,200

* This is an offer from one of our affiliate partners. Click here to learn more about why and how we work with partners.


Marks & Spencer Credit Cards

Whether its food, furniture or clothes, M&S is known throughout Britain as a quality brand. But does this translate to its credit cards? As a joint venture with banking giant HSBC, M&S Bank has grown in size and in terms of what it has to offer since its conception in 2004. While it may have been slow to adopt credit cards as part of its financial line-up, it now has some serious contenders on the market.

As a relatively immature player, compared to some of the other more established credit card groups, Marks & Spencer Bank’s credit card portfolio is still small. But what it does offer looks to reward customers for their loyalty through its M&S points scheme. Added to that a range of competitive introductory offers, and if you are already an M&S shopper, you could secure yourself an attractive all-round package with one of these cards.

What does M&S Bank do well?

Rewarding loyal customers is at the heart of Marks & Spencer Bank’s credit card portfolio. Each of one of its credit cards, whether it’s a specific reward card or not, includes the provider’s M&S points reward scheme. So if you are a credit card customer you could earn points on all your spending. However, there is a higher points yield if you choose to use your card at M&S, compared to if you use it at other retailers. Rewards are given in the form of quarterly M&S vouchers, which can then be used to purchase anything from food to clothes at the store.

And for those customers who want a bit more, M&S Bank has its premium club. For a monthly fee you can triple your reward points and receive additional vouchers for hot drinks and other treats. The cards also often carry bonus offers or welcome awards for first-timers.

Rewards do not just come in the form of points. Marks & Spencer also uses its extensive product network to offer cardholders preferential exchange rates when using their card to purchase M&S Travel Money. There are definitely perks to taking out a card with a brand that has a large and varied infrastructure.

Putting the reward benefits to one side, M&S Bank also offers competitive interest-free introductory periods. Each of its cards offer something in the way of 0% on purchases and 0% on balance transfers. Its promotional rates tend to be competitive with some of the top options on the market. But the key difference is that with any Marks & Spencer credit card you can benefit from interest-free periods on both balance transfers and purchases, although these will vary in length depending on what card you choose.

Where does M&S Bank fall down?

M&S Bank looks to reward its customers, so if you are not a Marks & Spencer shopper you are unlikely to feel any real benefit. Earning points are skewed to spending at M&S and the rewards themselves come in the form of M&S vouchers. Added to that, vouchers are only sent out quarterly, making the scheme quite limited.

It’s also worth considering the fees attached to the cards. While M&S Bank does offer competitive interest-free introductory periods, it also has a balance transfer fee attached which sits around the market average. Other card providers offer fee-free options with a shorter 0% introductory period, but M&S Bank has no such option at the moment.

Meanwhile, Marks & Spencer Bank credit cards are not the ones to use abroad. Although the cards offer advantages for buying travel money, they all carry a foreign transaction fee and a cash fee for ATM withdrawals made outside the UK. This is not unusual as these cards are not marketed as travel credit cards. But it is something to be aware of if you are after a card you can use on your hols.

What will you find in M&S Bank’s credit card portfolio?

As I have mentioned, M&S’s credit card portfolio is not extensive, but what it does have on offer is pretty streamlined. You can choose between an all-rounder, a specific rewards card or a balance transfer card. However, the beauty of the M&S Bank portfolio is that whatever card you choose you will receive an element of rewards, purchases and balance transfers, but just in differing amounts.

Each card includes the M&S points reward scheme and each card has some sort of 0% purchases and 0% balance transfer offer. It’s just up to you to decide which combination you prefer.

What do you need to remember?

M&S Bank credit cards are no different to other cards that carry promotional rates. Keeping your interest-free rate is often dependent on making sure you keep up with your monthly payments. The good thing about M&S Bank is that you will have access to its internet banking service, so you can easily set up a direct debit to ensure that you make your minimum payment each month.

How to apply

You can apply online through the M&S Bank website, in branch or on the phone. With the online application, you can choose to do a ‘soft search’ which will see if you are likely to be accepted for an Marks & Spencer credit card without affecting your credit score.

When you are ready to apply the application will take around seven minutes. You will need to provide information regarding your employment history and income, as well as your personal details. M&S Bank asks that applicants are aged 18 or over, live in the UK and are happy for the provider to undertake a credit register search and credit scoring as part of the application.

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