Our Verdict
On the lookout for an ‘all rounder’ credit card that offer 0% on purchases and balance transfers? If you’re also a regular customer at M&S, this deal could be a frontrunner.
Pros
- 18 months of interest-free spending
- 15 months 0% on balance transfers (2.99% fee)
- Earn M&S points every time you shop
Cons
- Rewards only redeemable at M&S
- 2.99% fee if transferring balance
- No transfers from cards within HSBC Banking Group
4.5
Our ratings take into account the card’s rewards, fees, rates along with the card’s category. All ratings are determined solely by our editorial team.
Representative APR
23.9%
Rewards
Collect M&S points on all spending
0% periods
18 months on purchases/ 15 months on balance transfers
Table of Contents
- Key features
- Charges
- Rewards
- Protection
- Will I be eligible?
- What more should I know?
- Is it the right card for me?
- What are my alternatives?
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Key features
- 0% interest for 18 months on new purchases
- 0% interest for 15 months on balance transfers (made in first 90 days, fee applies)
- Earn M&S points every time you shop
Charges
While there is no annual fee for the M&S Shopping Plus credit card, it will cost 2.99% (minimum £5) of any balance you switch over from a different card.
Any balances remaining on the card after the first 15 months will attract an annual interest rate (APR) of 23.9% (variable).
Equally, new purchases made on the card after an initial 18-month 0% period will also be charged at 23.9% APR (variable).
However, with up to 55 days’ interest-free on purchases – if you pay your balance in full every month by the due date – you won’t pay any interest.
If you are late with your credit card repayment, you will face a late payment fee of £12. The same fee will apply if you go over your credit limit. You’ll almost certainly also lose the 0% promotional offers.
Rewards
You will earn M&S points every time you shop with this card, and that applies anywhere in the world.
You will get one point for every £1 you spend in M&S and one point for every £5 you spend elsewhere, with 100 points being equivalent to £1. For context, 100 rewards points is equivalent to £1 in M&S vouchers
Points will be converted into reward vouchers four times a year and sent to you along with your loyalty statement.
Protection
As with any credit card, M&S Bank’s Shopping Plus Offer card gives you protection on all purchases you make costing more than £100 and up to £30,000 under section 75 of the Consumer Credit Act.
This applies even if you only use the card to pay for a deposit on an item or service costing between those values. Read more about this protection withour guide.
Will I be eligible?
It’s easy to find out if you’ll be in with a good chance of being accepted for the M&S Bank Shopping Plus Offer card by using an eligibility checker, which doesn’t show on your credit score.
But bear in mind, only those with top scores are likely to be accepted for a card with upfront 0% perks, as well as rewards on spending.
What more should I know?
If you have held a credit card with M&S Bank within the previous 12 months, you won’t be considered for this card.
Ideally, you should look to pay off your card in full each month by the due date. Fail to do this, and you will face interest, which is likely to wipe out any gains from the rewards.
Equally, if you fail to make at least your minimum payments on time, you will lose the promotional rates on balance transfers and purchases.
If you withdraw cash from an ATM using your card, interest will be charged straight away, from the day you make the withdrawal.
Is it the right card for me?
If you are planning to use your card for purchases in the next couple of months, but also have nuisance balances sitting on other credit cards, M&S Bank’s Shopping Plus offers card could be a worthwhile option – especially if you’re a fan of M&S.
You can benefit from interest-free spending for a period, get rewards, and also enjoy some interest-free breathing space.
1
M&S Purchase Plus Credit Card
0% interest on purchases for up to 20 months
0% on balance transfers for up to 12 months (3.49% fee)
Representative Example: At an assumed credit limit of £1,200, at a purchase rate of 24.9% p.a. (variable), the representative APR is 24.9% (variable). Credit available subject to status.
1
M&S Purchase Plus Credit Card
On M&S Bank's Website
Featured Partner Offer
2
M&S Transfer Plus Credit Card
0% interest on balance transfers for 26 months
3.49% transfer fee
Representative example: At an assumed credit limit of £1,200, at a purchase rate of 24.9% p.a. (variable), the representative APR is 24.9% (variable). Credit available subject to status.
2
M&S Transfer Plus Credit Card
Featured Partner Offer
What are my alternatives?
This among the top cards for purchases and rewards. But if your motivation is the balance transfer aspect of the deal, it’s worth considering the number of more competitive 0% balance transfer cards available on the market, both in terms of fee and 0% duration.
And if you are interested in the rewards aspect of the card, there are other points and cashback deals to consider which are not limited to just one store.
