What are the current Marks and Spencer balance transfer offers in the UK in 2020?
The longest Marks and Spencer balance transfer offer is available on the M&S Transfer Plus card. This credit card offers new customers 0% for 28 months on balance transfers with a 2.85% balance transfer fee, minimum £5 and a representative 19.9 APR variable. This M&S balance transfer card also offers customers 0% for 6 months on purchases, from account opening.
An alternative M&S balance transfer offer is available on the M&S Shopping Plus credit card. This balance transfer offer is slightly shorter. The M&S Shopping Plus card offers new customers, 0% for 20 months with a 2.9% balance transfer fee, minimum £5 and a representative 19.9 APR variable. This card also offers a longer 0% for 20 months on purchases from account opening.M&S Balance Transfer Credit Card
Marks and Spencer Balance Transfer
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M&S Balance Transfer Credit Card
The M&S balance transfer credit cards, are issued as Mastercard cards. The M&S credit cards can be applied for by customers who are UK residents, aged 18 or over, with a bank or building society account.
The Marks and Spencer balance transfer cards offer customers preferential rates when you use your M&S balance transfer card to order M&S travel money. There is no cash advance fee charged when using the card for travel money purchases at M&S travel bureau.
The Marks and Spencer balance transfer credit card is a popular credit card within the UK market. The card is promoted by Marks & Spencer to new and existing customers, both on the high street and also online.
The Marks and Spencer balance transfer offers from M&S Bank were last changed in November 2018. The bank reduced the length of the introductory offers from the previous 32 month offer on balance transfers. This follows many of the other credit card companies which have also reduced the length of their 0% introductory offers.
M and S Balance Transfer For Existing Customers
M&S Bank is run as a joint venture arrangement between Marks & Spencer and HSBC Bank. This means that the M and S Balance Transfer credit cards are issued by HSBC bank.
As a result, balance transfers can not be made to the Marks and Spencer balance transfer cards from any other HSBC balance transfer card. These include the First Direct credit cards as well as the John Lewis credit cards.
M&S Reward Points
In addition to the above M&S balance transfer offer, the M&S balance transfer credit cards offer customers M&S points on purchases. Every time you shop with your Marks and Spencer credit card in both Marks and Spencer and elsewhere on the high street, or online you collect M&S points. Customers receive 1 point for every £1 spent in M&S and one point for every £5 spent elsewhere.
The M&S Rewards Plus credit card offers customers double M&S points on all your M&S shopping using the card, for your first 12 months.
M&S points are converted into M&S reward vouchers four times a year. These reward vouchers are then posted directly to the customer. The reward vouchers can be used either in the M&S high street stores or online.
The M&S credit cards have, in past years, been seen as more of a rewards credit card, than a balance transfer credit card. However, the current Marks and Spencer balance transfer offers are now very competitive in the UK credit card market.