Debenhams’ credit card is packed with rewards for its most loyal customers, but also makes a decent deal for the rest of your purchases.
With stores in most major towns and cities, Debenhams is one of the most widely-known retailers in the UK. In April 2019, it went into administration, and it’s planning the closure of 22 stores in 2020. However, its credit card works as usual and you can safely continue to enjoy its benefits.
For no annual fees, it lets you earn points every time you spend (more so when you shop at Debenhams, unsurprisingly) and rewards you with Debenhams vouchers at a very decent rate.
You can also transfer your old balance on the card and enjoy its 0% for 12 months reverting to 24.94%, but keep in mind that its 2.99% for 12 months reverting to 5% balance transfer fee isn’t exactly the cheapest available on the market.
Debenhams’ credit card is provided by NewDay Ltd, a specialist UK-based provider of storecard and loyalty card schemes, and is issued on the Mastercard network, meaning it can be used at more than 35 million merchants and ATMs worldwide and you can also enjoy Mastercard’s special Priceless Cities benefits.
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Key details, features and benefits
|Rep. APR||24.9% (variable)|
|Incentive||Earn 3 points for every £1 spent at Debenhams, and 1 point for every £2 spent elsewhere. 500 points equals a £5 voucher which is issued quarterly.|
|Incentive on opening||500 bonus points and 10% off online for a week after account opening.|
|Additional Rewards Info||10% discount in Debenhams cafes & restaurants. Free standard delivery from Debenhams online when using the Mastercard. Access to Mastercard Priceless Cities. Invitations to special shopping events.|
|Purchases interest-free period (days)||56|
|Balance transfers||0% for 12 months reverting to 24.94%|
|Minimum monthly payment||1% or £5 (whichever is greater) or the total of any interest, default fees and charges plus 1% of the outstanding balance.|
|Balance transfer fee||2.99% for 12 months reverting to 5%|
|Foreign usage charge (EU)||2.75%|
|Foreign usage charge (rest of world)||2.75%|
|Cash advance fee||3% (min. £3)|
|Late payment fee||£12|
|Exceeding limit fee||£12|
|Additional card fee||£0|
|Residency||UK resident, lived in the UK for last 12 mths, current UK bank account, a home or mobile phone number and regular income|
|Availability||Available to new customers|
Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
How does it compare to the competition?
Marks & Spencer is a rival to Debenhams both on the high street and in the credit card arena. The live-rate table below shows how the two popular card issuers compare for rates, rewards and more.
The Debenhams Credit Card offers a balanced range of features and incentives especially aimed shoppers. Obviously if you’re already a big fan of the brand, you’ll stand to benefit more than most.
You’ll earn points each time you use the Debenhams credit card, but at a better rate when you use it in Debenhams. Every three months the points are converted into vouchers and sent to you along with your statement. Debenhams also regularly run introductory offers such as “welcome points”. The card also comes with an array of additional benefits.
Learn more about rewards cards
- 0% on balance transfers.
If you have an outstanding balance on another credit card, that needn’t stop you from switching to a new card issuer. With a 0% balance transfer facility, you can bring outstanding debt across to the new card and enjoy an interest rate of 0% on it for a promotional period. Remember however that there is normally a transfer fee to pay for this service, which is usually a percentage of the balance.
Learn more about 0% balance transfer cards
- 0% on selected purchases.
If you’re planning a significant expenditure and want to spread the cost, a card with 0% interest on purchases can allow you to do so without paying interest. You’ll want to make sure that your particular purchase is allowed under the terms, and make a note of when you’ll start paying interest on purchases.
Learn more about 0% purchase cards
Want more perks?
You’re in luck! But remember perks are there to lure you in, and you’re going to want to carefully assess whether the perks will leave you better off than if you opted for competitor card. Try to work out roughly how much money you’d actually earn through the perks and reward points, and take this figure into account when you compare cards. Once you’ve taken out a reward card, try not to obsess on your running points total and end up making purchases you don’t need.
- Discounts in Debenhams cafes. Every time you pay for your restaurant or cafe purchases using your Debenhams Credit Card, you’ll get 10% off your bill.
- Free delivery on your Debenhams purchases. If you make a purchase on Debenhams’ website, you’ll get standard free delivery.
- Additional cards. You can nominate up to three additional cardholders, provided they are aged over 18, are your spouse, partner or other close relative, a UK resident, and live at the same address as you.
- Travel money. If you use your card to buy foreign currency at Debenhams Travel Money bureau, you won’t pay a transaction fee, provided the amount requested is lower than 75% of your credit limit, or less than £1,000 a day.
- Online account management. You can register to use Debenhams’ online account management facility. Through this, you can make payments, check the available balance on your card, update your details and carry out a range of other tasks involved in servicing your account.
When it comes to repayments, you can make manual repayments online or over the phone (0333 220 2519), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
Applying for a Debenhams credit card
It’s quick and easy to check your eligibility and apply for the Debenhams credit card online. During the application, you should expect a search to be made of your credit history, which allows the lender to make a quick decision on your application.
To qualify for a Debenhams credit card, you must:
- Be 18 years or over
- Be a permanent UK resident and have lived in the UK for the last 12 months (unless you’re HM Forces Personnel)
- Have a current UK bank account and a mobile phone number
- Not already have a Debenhams Card
- Have a regular income
- You must ensure that you can meet the repayments as missed payments incur a charge and could have severe consequences on your ability to obtain future credit
Why might your application not be approved?
If you meet the broad criteria outlined above, but have a history of bad debt or no credit history, you could be rejected. Also, if you have been made the subject of a CCJ you may not be accepted, and are unlikely to be given a card if you have ever declared bankruptcy.
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