If you want to use your card to buy things in the next few months but also have balances on other credit cards that bother you, M&S Bank's Shopping Plus offers card could be a great choice, especially if you like M&S.
You can spend money without paying interest for a while, get rewards, and have breathing room without paying interest through this credit card. Learn more about M&S Shopping Plus Offer card’s features, eligibility criteria, rewards, fees, etc., in this article.
- What Are the M&S Shopping Plus Offer Card Features?
- How Can You Earn Rewards with M&S Shopping Plus Offer?
- What Are the Fees of M&S Shopping Plus Offer?
- What Are the Repayment Options for M&S Shopping Plus Offer?
- What Are the Eligibility Requirements for M&S Shopping Plus Offer?
- What Are the Other Things to Know about M&S Shopping Plus Offer Card?
What Are the M&S Shopping Plus Offer Card Features?
This card is perfect if you want to spread out the cost of an upcoming purchase, transfer existing card debt to save on interest, earn rewards from your everyday spending or any combination of the three.
Since it's an M&S card, you'll get the most out of its benefits if you shop there often. Loyalty points can be turned into vouchers you can use in-store or online. You'll get points pretty much every time you use the card, but you'll get more points for every £1 you spend at M&S.
M&S Shopping Plus is a multipurpose credit card. This card offers 21 months of 0% purchases and 18 months of 0% balance transfers.
Adding a free cardholder could help you earn reward points faster. Since you can't share credit cards, you're responsible for all spending on the account, regardless of who used it.
What Are the Other Features of M&S Shopping Plus Offer?
If M&S Bank is in a position to extend this deal to you, the terms of the deal will include a personalized credit limit determined by the bank after considering your circumstances.
This card has a minimum limit of £500, but M&S Bank does not specify what the maximum limit could be. After you've had the card for some time and proven to M&S Bank that you can be trusted, you may want to apply to raise your credit limit.
How Can You Earn Rewards with M&S Shopping Plus Offer?
Every time you use this card to make a purchase, you will be rewarded with M&S points regardless of where you do so.
When you shop at M&S, you will earn one point for every £1 that you spend, and when you shop anywhere else, you will earn one point for every £5 that you spend, with one pound equaling one hundred points.
M&S points cannot be earned on cash advances or withdrawals, balance transfers, interest charges, M&S Travel Money or foreign exchange purchases, or M&S reward certificates.
You have to remember that rewards vouchers are valid for 15 months.
How Often Can You Receive M&S Rewards Vouchers?
You will receive loyalty statements four times a year, including any reward vouchers generated from your accumulated points. You will usually get your M&S vouchers four times a year in February, May, August, and November.
They can be made up to three months in advance, so your rewards points balance might go down before you get the M&S vouchers. Remember that you need at least 200 points to get an M&S voucher. Anything less than that will be saved for the next round.
What Are the Fees of M&S Shopping Plus Offer?
You should look at the M&S Shopping Plus Offer credit card's interest rate, annual fee, and perks and bonuses before you apply for it. If you want to know more about the Shopping Plus Offer credit card fees, check them here.
- Annual Fee - £0
- Monthly Fee - £0
- Regular APR - 23.9% (variable)
- Balance Transfer Fee - 2.9% fee, min £5
- Foreign Usage (EU) - 2.99%
- Foreign Usage (Rest of the World) - 2.99%
- Cash Advance Fee - 2.9% fee, min £3
- Late Payment - £12
- Duplicate Statement Fee - £0
- Exceeding Limit Fee - £12
- Additional Card Fee - £0
- Dormancy Fee - £0
This purchase credit card doesn't have an annual fee, but it will cost you 2.9% of any new balances you transfer from another card, with a minimum of £5.
If you pay off your balance in full by the due date every month, you won't pay any interest on purchases for up to 55 days.
Is There a Minimum Payment for M&S Shopping Plus Offer?
You must make a minimum payment of either 2.5% of your outstanding balance or £5.00 each month; whichever of these two amounts is higher must be paid in full. So if you had, say, £180.00 outstanding, you'd pay £5.00, and if you had £800.00 outstanding, you'd pay £20.00.
Paying only the minimum amount required each month is generally not a good idea because eliminating debt is much more difficult before the introductory period of 0% interest expires.
What Are the Repayment Options for M&S Shopping Plus Offer?
You can make manual repayments using the M&S Bank app, online banking, or the phone. You can also set up a direct debit, as it will keep you from forgetting to make a payment, which could cause you to lose your promotional interest rate, hurt your credit score, and pay a £12 late payment fee.
You could use a fixed-amount direct debit to pay off your debt before the 0% interest period ends. Just divide your outstanding balance by 18 to determine how much you need to pay each month, assuming you don't use the card for other purchases.
When you apply for a credit card, you can set up a direct debit to pay off your debt. You should pay off your card by the due date each month. If you don't do this, you'll have to pay interest, which will likely cancel out any rewards you get.
Can You Withdraw Cash with M&S Shopping Plus Offer?
Even though it's possible, taking cash out of a credit card account is usually a bad idea. This is because "cash-like transactions" like getting cash at an ATM, getting cash back at the register, spending at a casino, or buying foreign currency often come with high fees and higher interest rates.
The M&S Bank Shopping Plus Credit Card has a cash advance fee of 2.99%, with a minimum of £3. For instance, if you take out £50, you'll be charged £3.00. If you take out £250, it will cost you £7.48.
This part of your balance will have an interest rate of 29.9%, 25% higher than the normal purchase rate. Interest will be charged from the day of the transaction, and the card's usual grace period of up to 55 days without interest won't apply.
What Are the Eligibility Requirements for M&S Shopping Plus Offer?
To begin, you may determine whether or not you are likely to be approved for the M&S Bank Shopping Plus Credit Card by using the eligibility checker provided by Finder. Your credit score will not be affected in any way by this.
However, people with high credit scores are more likely to be approved for a card with 0% interest upfront and rewards for spending. If it's excellent news, you can then move on to the online application for M&S Bank, which can be finished in 10–15 minutes.
To give you a heads up, they will need proof that you earn at least £6,800 and you’re of legal age. However, the M&S Plus Offer Credit Card is available to new customers.
If you've had a credit card with M&S Bank in the last year, you won't be able to get this one.
How Can You Apply for M&S Shopping Plus Offer?
To apply, you can do it online through the M&S Bank official website. You must present proofs for these information.
- Place of residence
- Work history
- Email address
- Your bank's or building society's account number and sort code
- If you have lived at your current address for less than three years, your previous address.
If your application is accepted, the bank will send your PIN first, then your M&S Credit Card a few days later. Your new card and PIN should arrive within ten working days.
What Are the Other Things to Know about M&S Shopping Plus Offer Card?
Your M&S Credit Card can be used to make purchases at any of the millions of locations worldwide that display the Mastercard logo.
Under Section 75 of the Consumer Credit Act, which applies to all credit cards, the M&S Bank Shopping Plus Offer card provides you with protection on any transactions that cost more than £100 and up to £30,000, regardless of the amount.
Even if you simply use your plastic to pay a deposit on a product or service with a price that falls within those numbers, this rule still applies to you. Utilize our guide to learn more about the safeguards that are in place.
What Is M&S Bank’s Address and Contact Information?
Marks & Spencer Financial Services plc is the company that does business as M&S Bank. Registered in England with the number 1772585, its office is at Kings Meadow, Chester, CH99 9FB.
You may call them at 0800 997 996 to discuss your online application. There’s also the "Chat with us" service to get in touch with us quickly and easily about your account. You can find this on the Internet Banking page or in M&S Bank Mobile Banking app.
The M&S Shopping Plus Offer credit card is ideal if you're looking to do any of the following: make smaller monthly payments, transfer high-interest balances to a lower-interest card, accumulate rewards for your regular purchases, or all of the above.
Disclaimer: There are risks involved when applying for and using M&S Bank credit products. Consult M&S Bank credit card’s Terms and Conditions page before agreeing to anything.