M&S Bank Shopping Plus Credit Card review 2020

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Earn M&S points as you shop while organising your finances with this rewarding interest-free deal.

This versatile all-rounder from M&S gives you a lengthy break from interest on both purchases and balance transfers, and even earns rewards on your spending.

You say: ★★★★★We say: ★★★★★

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).

16 months

0% interest on balance transfers

19.9%

Representative APR

18 months

0% interest on purchases

£0

Account fee

Details

IssuerM&S Bank
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 16 months reverting to 19.9%
Balance transfer fee2.9% (min. £5)
Purchases0% for 18 months reverting to 19.9%
Purchases interest-free periodUp to 55 days
Cash advances23.9%
Min credit limit£500
Max credit limitNot specified
Additional cards available1
IncentiveEarn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.

Expert review

Chris Lilly

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

Whether you’re looking to spread the cost of an upcoming purchase, transfer existing card debt to save on interest or to earn rewards from your day-to-day- spending (or any combination of the above, for that matter) this card fits the bill.

As an M&S branded card, you’ll get the most from the card’s perks if you’re a regular M&S shopper – with loyalty points translating into vouchers to spend in-store or online. Although you’ll be able to earn points pretty much whenever you use the card, you’ll earn points at a better rate per £1 when you spend with M&S. If you’re looking for rewards you can redeem elsewhere, you might prefer to check out a more versatile rewards programme or even a cashback credit card.

Don’t forget, it’s free to add an additional cardholder, and doing so could help earn loyalty points faster. You’ll be solely responsible for all spending on the account, regardless of which card was used, since credit cards cannot be held jointly.

The M&S Bank Shopping Plus Mastercard is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.

Pros and cons

Pros

  • Extended 0% purchase and balance transfer period
  • Competitive regular purchase rate
  • No annual fee

Cons

  • You’ll need to be an M&S devotee to get the most out of this card

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). You could use a fixed-amount direct debit to ensure you've cleared your debt before the 0% period expires – simply divide your outstanding balance by 16 to see what you'll need to pay each month (this assumes you don't use the card for additional 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

First, you can use Finder's eligibility checker to find out if you'd be likely to get approved for the M&S Bank Shopping Plus 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 Shopping Plus 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 Shopping Plus Mastercard?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on the M&S Bank Shopping Plus 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 purchases 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 Shopping Plus 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 Shopping Plus Mastercard abroad?

Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£177.37), it'll cost you around £5.30.

What is the minimum payment on the M&S Bank Shopping Plus Mastercard?

Each month you must pay at least 2.5% of your balance at that point or £5.00 – whichever of the two 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 makes it much harder to get debt-free before that introductory 0% period expires.

Can I request an additional M&S Bank Shopping Plus 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.

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