M&S Bank Purchase Plus Credit Card review
- Representative example:
- Representative 24.9% APR variable. Based on assumed borrowing of £1,200. Rate of interest 24.9% p.a. (variable).
- 0% interest on purchases
- 26 months
- Account fee
- £0
- Earn rate
- 1 point per £5 spent
Our verdict
Spread the cost of purchases whilst collecting M&S points on your day-to-day spending.The big draw of the M&S Bank Purchase Plus Credit Card is its offer of up to 26 months interest-free on purchases. There’s no annual fee to factor in with this card either, plus you can add an additional cardholder.
You’ll earn reward points every time you make a purchase using the card as well, and these points are then converted into M&S vouchers. You get 1 reward point per £5 spent in M&S and or elsewhere. 100 reward points equals £1 in M&S vouchers.
This is something of a dual credit card, as you can also get 0% interest on balance transfers for up to 6 months. This is on balances transferred within 90 days of opening your card account, and a balance transfer fee of 3.49% applies (with a minimum charge of £5).
However, if a balance transfer is the main feature you’re looking for, there’s also the M&S Bank Transfer Plus Credit Card, which offers 0% on balance transfers for up to 30 months and 0% on purchases for up to 3 months.
If you’re planning a big purchase and want to spread the cost of repayment over a long period of time without incurring interest charges, then the M&S Bank Purchase Plus Credit Card is worth a look - particularly if you’re a regular M&S shopper and want to earn some reward points too.
Pros
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No annual fee
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0% on purchases for up to 26 months
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0% on balance transfers for up to 6 months
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Earn M&S reward points every time you shop
Cons
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Applicants with a low credit score are unlikely to be accepted
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Relatively high balance transfer fee
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Low earn rate on reward points outside of spending at M&S
Details
Product Overview
| Issuer | HSBC Bank plc |
| Network | Mastercard |
| Representative APR | 24.9% |
| Annual/monthly fees | £0 |
| Balance transfers | 24.9% |
| Balance transfer fee | 3.49% |
| Purchases | 0% for 26 months |
| Purchases interest-free period | Up to 55 days |
| Cash advances | 29.9% |
| Minimum credit limit | £500 |
| Maximum credit limit | Subject to status |
| Additional cards available | 1 |
| Incentive | Earn rewards points every time you shop and they'll be converted to M&S vouchers for you to spend. These turn into Rewards vouchers up to 4 times a year, which are either sent to you or are available in your M&S Sparks account. T&Cs apply. |
| Additional Rewards Info | No cash advance fee & 55 days interest free when buying M&S Travel Money with the card. Preferential rates on Travel Money for M&S Credit Card customers purchasing from M&S Bureaux. 54 currencies available. Opt-in to Club Rewards for £10 pm receive 2 extra points for every £1 spent at M&S. receive £100 in Clothing and Home vouchers, £20 in vouchers to spend on M&S food, 32 hot drinks vouchers worth £88 pa and a birthday treat of extra points or a M&S voucher. |
| Potential costs | 9.9Excellent |
| Extras | 9.9Excellent |
| Overall Finder Score | 9.9Excellent |
Fees and charges
| Minimum monthly payment | Greater of: 1% of the underlying balance plus the month's interest and any applicable fees and charges; 2.5% of the underlying balance; £5; or the outstanding balance. |
| Annual/monthly fees | £0 |
| Balance transfer fee | 3.49% |
| Money transfer fee | 0% |
| Foreign usage charge (EU) | 2.99% |
| Foreign usage charge | 2.99% |
| Cash advance fee | 2.99% |
| Late payment fee | £12 |
| Duplicate statement fee | £5 |
| Exceeding limit fee | £0 |
| Additional card fee | £0 |
| Dormancy fee | £0 |
Application Requirements
| Minimum Age | 18 |
| Minimum income | £0 |
| Availability | Available to new customers |
The M&S Bank Purchase Plus Credit Card is issued on the Mastercard network, so it's accepted at more than 100 million merchant locations across more than 210 countries and territories.
How does it compare with other 0% purchases deals?
Finder Score for credit cards
To make comparing even easier we came up with the Finder Score. Costs, perks and suitability across 120+ cards are all weighted and scaled to produce a score out of 10. The higher the score the better the card – simple.
Read the full methodologyApproval for any credit card depends on your status. The representative APRs shown represent 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. Most of the data in Finder's comparison tables is provided by Defaqto.
Repayment options
You can make manual repayments through M&S Bank's app by logging in to your online banking or over the phone (0800 997996). Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and losing your promotional interest rate as a result (as well as damaging your credit score and incurring the late payment fee of £12). If you're planning a major expenditure, you could use a fixed-amount direct debit to ensure you've cleared the debt before the 0% period expires – simply divide your initial expenditure by 26 to see what you'll need to pay each month (this assumes you don't use the card for ongoing spending).
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 |
How to apply
If you've compared cards and settled on the M&S Bank Purchase Plus Credit Card, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible.
This card offers the longest 0% purchase period of all M&S credit cards, at up to 20 months, plus there’s the option of 0% interest on balance transfers for an introductory period too. There’s no annual fee with the M&S Bank Purchase Plus Credit Card, so providing you clear your balance by the end of the interest-free period, it could be a good option to spread the cost of large purchases.”
M&S Bank and Finder Awards
Our Finder Awards celebrate brands that truly stand out in their field. M&S Bank was named our 2025 0% Purchase Credit Card Provider of the Year Award winner!
Frequently asked questions
What credit limit will I get with the M&S Bank Purchase Plus Credit Card?
If M&S Bank offers you this deal, it will specify a personalised credit limit based on M&S Bank's assessment of your situation. Once you've had the card for a while and shown M&S Bank you're reliable, you may wish to apply for a credit limit increase.
Can I withdraw cash using the M&S Bank Purchase Plus Credit Card?
Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.
The interest rate on this part of your balance will be 29.9%, which is 20% more than the standard purchase rate. That's chargeable from the day of the transaction – the card's usual "up to 55 days interest-free" grace period won't apply. On £500-worth of cash paid off 2 weeks later, that would mean £5.04 of interest.
Can I transfer a balance from another M&S Bank-branded card to the M&S Bank Purchase Plus Credit Card?
No. M&S Bank doesn't accept balance transfers from credit cards issued through HSBC group, which includes M&S Bank, John Lewis and first direct cards.
How much does it cost to use the M&S Bank Purchase Plus Credit Card abroad?
Non-sterling transactions are subject to a 2.99% charge (which is very standard). For example, if you spend 200 euros (£166.76), it'll cost you around £4.99 in fees.
Can I request an additional M&S Bank Purchase Plus Credit Card?
Yes, you can request one more. There's no fee for additional cards. Plus, with additional cards, you could be able to earn points at a faster rate. Bear in mind that card debt accrued by additional cardholders is the sole responsibility of the account holder – not the additional cardholder.
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