M&S Bank Reward Plus Credit Card review 2022

Earn M&S points while you spend with the most rewarding card available from M&S Bank.

The M&S Bank Reward Plus Credit Card is designed to reward you every time you use it, and not surprisingly, if you’re already a regular customer, you’ll stand to benefit more than most.

  • Earn points when you spend in-store and elsewhere.
  • More specialised 0% deals are available for balance transfers or large expenditures.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

Earn 2 points

per £1 spent with select partners

Earn 1 point

per £5 spent elsewhere


Representative APR

12 months

0% interest on balance transfers


IssuerM&S Bank
Representative APR19.9% APR (variable)
Annual/monthly fees£0
Loyalty schemePoints
IncentiveDouble points on spend in M&S for first year (2 points per £1). Then 1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
Additional Rewards InfoNo cash advance fee & 55 days interest free when buying M&S Travel Money with the card, with free home delivery when purchasing £500 in currency or more. 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 to receive triple points on M&S purchases, triple points on purchases abroad, unlimited free next day delivery on M&S.com, 3x £15 Clothing and Home vouchers, 32 hot drinks vouchers worth £88 pa, £20 Christmas Clothing and Home voucher, a birthday M&S voucher worth £12.
Purchases0% for 12 months reverting to 19.9%
Purchases interest-free period (days)55
Balance transfers0% for 12 months reverting to 19.9%

Review by

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.

Expert review

The Reward Plus card offers introductory and ongoing rewards on spending both in-store and elsewhere, and the rewards you’ll earn come in the form of M&S points. All this means that you’ll need to be a very regular Marks and Sparks shopper to get the most out of the card, both in terms of earning and redeeming points.

Provided that sounds like you though, there are additional appealing perks you’ll be able to enjoy besides earning points – especially if you opt to upgrade to “Premium Club” for a small monthly fee.

If you currently carry an outstanding balance on another card, don’t worry – that needn’t stop you switching, as you can enjoy a 0% interest period on balance transfers. However if transferring a balance to pay less interest and clear debt faster is your main objective, there’s a more specialised M&S Bank card for that.

If you’re anticipating a large expenditure on your new credit card, this deal also comes with 12 months of 0% interest on purchases, allowing you to spread the cost at no additional expense.

The card is issued on the Mastercard network, meaning it can be used at more than 35 million merchants and ATMs worldwide.

Pros and cons


  • Earn points when you spend in-store and elsewhere.
  • Earn reward points faster with additional cardholders.
  • An “all-rounder” – allowing you to earn rewards, transfer a balance and spread the cost of forthcoming purchases.
  • Enjoy tailor-made offers and priority access to new-season previews and sales.


  • More specialised 0% deals are available for balance transfers or large expenditures.
  • The rewards offered by this card are not surprisingly heavily-biased towards shopping at M&S – when shopping elsewhere the rewards may disappoint.
  • Fees charged when using the card abroad.

Approval for any credit card will depend 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.

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 either damaging your credit score, getting hit with a penalty fee (£12) 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

How to apply

First, you can use Finder's eligibility checker to find out if you'd be likely to get approved for the M&S Bank Credit Card Rewards Offer Mastercard. This won't impact your credit score. If it's good news, you can then proceed to M&S Bank's online application, which takes 10-15 minutes to complete.

Frequently asked questions

What credit limit will I get with the M&S Bank Credit Card Rewards Offer Mastercard?

If M&S Bank is able to offer you this deal, the offer will specify a personalised credit limit based on M&S Bank's assessment of your situation. The minimum limit offered on this card is £500 and M&S Bank does not specify a maximum. Once you've had the card for a while and shown M&S Bank that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the M&S Bank Credit Card Rewards Offer Mastercard?

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 cash advance fee on the M&S Bank Credit Card Rewards Offer Mastercard is 2.99% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.48.

The interest rate on this part of your balance will be 23.9%, which is 20% more than the standard purchase rate (chargeable from the day of the transaction – the card's usual "up to 55 days interest-free" grace period won't apply).

Can I transfer a balance from another M&S Bank-branded card to the M&S Bank Credit Card Rewards Offer Mastercard?

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 Credit Card Rewards Offer Mastercard abroad?

Non-sterling transactions are subject to a 2.99% charge (which is very standard). For example, if you spend 200 euros (£172.07), it'll cost you around £5.14 in fees.

What is the minimum payment on the M&S Bank Credit Card Rewards Offer Mastercard?

Each month you must pay at least 2.5% of your balance at that point or £5.00 – whichever of the 2 figures is greater. 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 required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

Can I request an additional M&S Bank Credit Card Rewards Offer Mastercard?

Yes, you can request one more. There's no fee for additional cards. Plus, with additional cards, you could 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.

Finder credit card ratings

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Our experts score rewards credit cards to determine their value against similar products on the market. We look at a number of important factors, like welcome bonuses, introductory and ongoing earn-rates, any caps or restrictions on the points you can earn, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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One Comment

  1. Default Gravatar
    May 16, 2020

    I opened an m& s account about 6 months ago, ny statement shows my points have been deducted way back in February to date ni vouchers have been received, I have contacted m& s on 2 occasions to be told my vouchers are on the way, £20.00 of vouchers still not received. So dissatisfied I have stopped using my card.

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