If you’re in a bit of a financial crunch and looking for a card that’s going offer you low-interest rates with rewards then the M&S 0% Purchase Credit Card could be for you. There are many factors to consider before getting into the application process of a new credit card. You’ve got to write down what goals you are trying to achieve by getting a new card into your wallet.
Are you looking for rewards on money you already spend? Or do you need a card that’s going to give you low-interest rates in case you need to pay late. You also need to think about your other requirements like cash back and balance transfer fees.
Each time you fill out a credit card application form, it affects your credit score. So it is important that you make a thoughtful decision. Check out what the requirements of acceptance for the card are so you are not denied. We’ve compiled information on the M&S 0% Purchase Credit Card so you can make an informed decision about whether or not it is right for you.
Benefits of an M&S 0% Purchase Credit Card
M&S credit cards are not like other ordinary credit cards. In fact, their host of cards boast excellent features. In this article, we’re going to look closely at the benefits that come with the M&S 0% Purchase Credit Card.
This credit card offers good news for frequent travelers. You can get access to a competitive foreign exchange rate using the Click & Collect feature. Simply choose the currency you need and collect cash from a local store that is convenient for you.
On top of this, the M&S Purchase Credit Card is powered by Mastercard, so cardholders have access to a myriad of merchant discounts and promotions at 43 million locations worldwide. And just like other purchases, the interest-free period is up to 55 days.
Shopping online is secured with the M&S Credit Card. The bank uses advanced fraud detection systems so cardholders can get peace of mind every time they use the card. Now that online scams are evident, it is important to have a card that can protect you from fraud.
Another reason to choose this credit card is the rewards system. For every £1 spent at M&S, you can earn 1 point that can be used to redeem cash and discounts. Spend more, and you will receive more points that can convert into gift cards. And as a bonus, you can enjoy 500 M&S points worth £5 with your new card!
Now that you’re familiar with some of the great perks of using this credit card, read on to learn about rules of eligibility and how you can apply for one.
What are the Fees of an M&S 0% Purchase Credit Card
Note that this list of fees and rates is not comprehensive, and for more information on the charges you can expect with this credit card, it’s advisable to speak with an M&S representative or refer to the website. It’s always advisable to pay your card on time, too, so that you don’t badly hurt your credit score. Take a look at some of these representative fees you can expect.
- Representative APR – 19.9% variable
- Balance transfers fee – 2.9% or minimum £5
- Introductory purchase interest rate – 0% for the first 20 months
How to Apply for an M&S 0% Purchase Credit Card
The success of your application depends on your qualifications. First, you must be a UK resident, at least 18 years old, employed, and have a consistent income stream. The bank will also ask for supporting documents, including salary slips, employment history, and residential address.
Meanwhile, the credit limit is set by the bank, depending on your financial circumstance. However, the assumed limit is £1,200. Applying for this credit card is possible online. Head to the M&S Bank website and click on the Apply Now button. The application can be completed quite quickly as long as you’ve got all your paperwork in order.
How to Contact M&S 0% Purchase Credit Card
Marks and Spencer Group plc
35 North Wharf Road
London, W2 1NW
Telephone: 020 7935 4422
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.