One of the UK’s most sought-after credit cards with numerous benefits. We’ll give you all the lowdown on the M&S credit card, its benefits and how to apply for yours.

Marks & Spencer is one of a host of high street retailers which have moved into financial services and banking.

M&S Bank launched in 2012, on the foundations of Marks & Spencer Financial Services (which first launched in 1985). M&S has a long-standing reputation in the UK as being a quality brand. M&S Bank operates as a joint venture arrangement with HSBC. But it has its own banking licence.

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.

The bank offers a range of products, including loans, savings and general insurance products (such as travel, car and pet) as well as travel money. Its current accounts are now closed.

M&S Bank’s suite of credit cards includes a competitive 0% balance transfer deal, a 0% purchase offer, and a reward credit card. Credit is subject to status and terms apply. The reward and purchase credit cards let you earn points on everyday spending, and the points can be converted into M&S vouchers.

Marks & Spencer regulars could easily pocket more than £50 worth of M&S vouchers simply by paying things they were going to buy anyway with this rewards credit card. As the name suggests, the M&S Reward Plus Credit Card (representative APR 19.9%) is suitable for anyone looking to rack up loyalty points with the retailer.

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. While there is no annual fee for this purchase credit card, it will cost you 2.9% (minimum £5) on any new balances you switch over from a different card.

Any balances remaining on the card after the first 24 months will start incurring an annual interest rate (APR) of 21.9%. Equally, new purchases made on the card after an initial 24-month 0% period will also be charged at 21.9% APR.

However, with up to 55 days’ interest-free on purchases – if you pay your balance in full every month by the due date and you won’t pay any interest. If you are late with your credit card repayment, you will face a late payment fee of £12. The same fee will apply if you go over your credit limit. You’ll almost certainly also lose the 0% promotional offers.

See below for available Marks and Spencer credit card options:

Purchase card – a card to use for shopping. Offers a long interest-free period on both purchases and balance transfers, as well as points when you spend, both in M&S and elsewhere.

Balance transfer card – a card to use if you are looking to reduce existing debts. Offers a lengthy 0% period.

Rewards card – a card which offers big points when you shop in-store, as well as points when you shop elsewhere, along with a sign-up bonus. Points are converted into M&S reward vouchers to be spent in-store or online.

Cards offer a competitive annual percent rate (APR) after the introductory period and competitive 0% interest introductory periods and there is no annual fee on some cards.

Additional cardholders can be added – meaning you can earn more points. You can monitor your balance and keep track of how many points you’ve earned online through internet banking and the M&S banking app. You’ll have the option to pay a monthly fee to upgrade to M&S Club Rewards, and get access to more rewards.

Shall we request yours? Click on the button below and we will direct you to it.