M&S Shopping Plus Credit Card Offering 0% Interest For 20 Months

Customers of Marks & Spencer looking for credit card options will be glad to know that the company’s Shopping Plus Credit Card offers 0% interest for 20 months on both purchases and balance transfers.

For individuals who are interested in getting the credit card, this bank offer could be a pleasing choice. With no annual fee, cardholders can take advantage and earn reward points every time they shop.

Powered by MasterCard, this credit card can gain access to more than 43 million outlets around the world. Other perks that come with this credit card include earning 1 point for every £1 spent in Marks & Spencer, and 1 point for every £5 spent elsewhere.

M&S Bank also provides a bonus offer of 500 M&S points worth £5 for new cardholders. This will be activated upon using the card in Marks & Spencer stores to purchase clothing, food, and home items.

Application and Eligibility

Interested individuals who wish to qualify for an M&S Shopping Plus Credit Card need to be a resident of the United Kingdom and must at least be 18 years of age. Moreover, applicants are also asked to submit to a credit register search and credit scoring assessment from the bank.

For applicants applying online, the bank provides a free credit card eligibility check without affecting the individual’s credit rating.

To apply, applicants must provide their personal information. This includes their residential address, employment history, income, and email address. Furthermore, applicants must also provide the account number and sort code of their bank or building society. The bank also requires applicants to provide their residential history.

The M&S Shopping Plus credit card has a minimum credit limit of £500. Applicants with good credit standing may be granted a higher credit limit.

Fees and Charges

The best thing about this credit card is that it does not have an annual fee whatsoever. After the introductory offer of 0% interest rates for purchases and balance transfers valid for 20 months, the APR will revert back to an affordable 19.9%, with an interest-free period of up to 55 days.

Foreign transaction fees are dependent on the type of transaction. A non-sterling transaction will incur 2.99% of the amount value, while a cash fee of 2.99% of the cash advance transaction will be acquired.

Other charges associated with this credit card include the cash fee of 2.99% (minimum of £3), the late payment fee of £12, and the over limit fee of £12.