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Debenhams Mastercard review 2020
Debenhams' credit card is packed with rewards for its most loyal customers, but also makes a decent deal for the rest of your purchases.
0% interest on balance transfers
Up to 500 points
|Balance transfers||0% for 12 months reverting to 24.94%|
|Balance transfer fee||2.99% for 12 months reverting to 5%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£500|
|Max credit limit||Not specified|
|Additional cards available||3|
|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.|
|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|
|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|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
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.
How does this card compare with other similar cards on the market?
Other rewards cards
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.
- 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.
- 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.
With no annual fee and a fairly generous rewards points programme, the Debenhams Mastercard offers a decent rewards-based deal, especially those who do a lot of their shopping at Debenhams. And the perks don’t stop there. You’ll also get free delivery on Debenhams purchases as well as 0% interest on balance transfer for the first 12 months (albeit with a balance transfer fee).
When it comes to repayments, you can make manual repayments online or over the phone (0300 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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