Approval 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.
M&S Bank Reward Plus Credit Card review 2023
This card is no longer available, but you can use our review to find alternatives.
The M&S Bank Credit Card Rewards Offer Mastercard has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.
- 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 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Earn 2 points
per £1 spent with select partners
Earn 1 point
per £5 spent elsewhere
21.9%
Representative APR
0%
Balance transfer fee
Details
| Issuer | M&S Bank |
|---|---|
| Network | Mastercard |
| Representative APR | 21.9% APR (variable) |
| Annual/monthly fees | £0 |
| Loyalty scheme | Points |
| Incentive | Double 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 Info | No 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. |
| Purchases | 0% for 12 months reverting to 21.9% |
| Purchases interest-free period (days) | 55 |
| Balance transfers | 0% for 12 months reverting to 21.9% |
| Potential costs | ★★★★★ |
| Doing its job | ★★★★★ |
| Extras | ★★★★★ |
| Overall Finder rating | ★★★★★ |
Review by
Chris Lilly
chris.lilly@finder.comChris Lilly is a publisher at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. 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
Pros
- 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.
Cons
- 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.
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
Sorry – M&S Bank is no longer accepting applications for this card. However you may wish to consider one of the alternatives listed above.
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 29.9%, which is 37% 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 (£171.59), it'll cost you around £5.13 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
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
Ask an expert
One Comment
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.