Credit card offer from M&S : Credit Card Guide

Credit card offer from M&S

Marks and Spencer has announced that it will be offering six months' worth of interest free credit on its credit card, with customers able to enjoy the 0% interest rate for six months on both balance transfer and on purchases. Customers will be able to benefit from the six months' interest free credit from the date of opening their credit card account – balance transfers have to be made within six months of account opening, and the transfer fee that will be charged by Marks and Spencer will be 2% with a minimum charge of £5.

In addition to enjoying interest free credit on balance transfers and purchases, customers will also be able to earn points for their spending, with bonus points available for certain purchases. All points that are collected on the card are concerted to Marks and Spencer vouchers four times a year, and customers can then use these vouchers to spend on goods instore. The interest rate charged on the credit card is 18.9% variable.

Marks and Spencer has also been trying to tempt customers with a cash back offer on personal loans, enabling borrowers to earn 25% cash back on a personal loan taken out with the company. Customers that take out a personal loan by 3rd June of this year will be able to qualify for the cash back offer, and can earn back 25% of the interest that they have paid once their final repayment has been made, providing the loan was taken out over thirty six months or longer.

The interest free credit offer on the Marks and Spencer credit card is offered with immediate effect, and could attract interest from a number of people that want to transfer expensive balances or wish to enjoy interest free credit on their spending.

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