Marks & Spencer | Transfer Plus credit card
Intro purchase rate: 0% for 6 months
Purchase rate: 19.9%
Marks & Spencer | Transfer Plus credit card customer reviews.
1.4 out of 5 stars
Our review of Marks & Spencer | Transfer Plus credit card
Marks and Spencer are a well-established British institution and their M&S Bank launched back in 2012. This service was based on M&S Money, which itself had a 30 year history. There are branches in the main Marks and Spencer stores, open whenever the stores are open. This keeps personal customer service in easy reach of all consumers. M&S Bank offers many different financial products, from loans to current accounts. This review is about their Transfer Plus credit card.
The Transfer Plus credit card has an introductory rate of 0% for 28 months on balance transfers. They also have a low fee of 0.99% on money that is transferred across. In a crowded market, M&S Bank offers some great extra benefits to make their card an interesting option. You’ll have expected the standard perk of earning points when you shop in any store, not just M&S. However, there is another credit card available from M&S Bank, the Shopping Plus, which is a better deal if you’re using the card for a large purchase. With the Transfer Plus card, you can also save on M&S travel money and earn a bonus points voucher for shopping at the store.
People are generally very positive about the Transfer Plus credit card, which has a score of 4/5 at the time of writing. However, some customers have had problems with the account rewards system. If you’re taking out this card for the 0% introductory offer, you will want to always make at least the minimum payment each month, if not you’ll negatively impact your credit file and the introductory period will come to an end. You should consider paying off the full balance before the end of the introductory period, to avoid being charged interest.
Our Verdict: Marks and Spencer are a reliable brand and this product is particularly popular with consumers. The Shopping Plus credit card is a good deal if you regularly shop at M&S, as you will earn more points and be able to get cheaper travel money.
- 0% on balance transfers for 28 months (0.99% fee applies)
- 0% interest on purchases for 6 months
- Earn M&S points as you shop
- 55 days' interest-free credit if you pay the balance in full and on time each month
- One additional cardholder over 18
- You must be over 18
- You must be a UK resident with 3 years' address history
- You must have a valid bank or building society account
- Not available if you've had an M&S Bank credit card in past 12 months
- Maximum APR %
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £0
About Marks & Spencer | Transfer Plus credit card
The Marks & Spencer Transfer Plus credit card offers 0% interest on balance transfers for 28 months from opening the account, and 0% interest on shopping for the first 6 months. If you already have an M&S loyalty card, it also offers points for this while you spend: one point for every £1 you spend in M&S and one point for every £5 you spend elsewhere.
Registration number: 01772585
Kings Meadow, Chester Business Park, Chester, Cheshire, CH99 9FB
Reference No: 151427
Trading names: Marks & Spencer Financial Services PLC, M & S Bank
Place of business: Kings Meadow, Chester Business Park, Chester, Cheshire CH99 9FB
Data protection registration
Registration No: Z7484152
Data controller: Marks & Spencer Financial Services PLC
Address: Kings Meadow, Chester Business Park, Chester, Cheshire CH99 9FBApply Now