Marks & Spencer is one of several high street retailers that has moved into financial products and services. Now part of the HSBC Group, M&S Bank offers a range of deals from current accounts to credit cards and pet insurance.
One of the most popular products offered by M&S Bank is its credit card, which allows you to buy now and pay later for your shopping – without paying interest. It also offers rewards which can be redeemed in store. The credit card is not just valid in M&S stores though. As it carries the MasterCard logo, it's also accepted in millions of outlets all over the world.
Guide to M&S credit cards
M&S credit cards are designed for purchases and balance transfers, and also reward shoppers, offering points when you shop in-store or elsewhere.
M&S converts the points into rewards in the form of vouchers that you can spend in an M&S store. Another perk of M&S credit cards is that there is no cash advance fee if you use them to buy M&S Travel Money. The cards also give you access to preferential rates on selected M&S Bank products.
M&S credit cards are fully regulated by the city regulator the Financial Conduct Authority (FCA)
Credit cards give you valuable consumer protection that cash and debit cards don’t. Under Section 75 of the Consumer Credit Act, if you pay for goods or services using a credit card, the card provider is jointly liable with the retailer if something goes wrong.
This protection only applies to items or services costing between £100 and £30,000. So, for example, if you ordered a bed costing £500 and the shop you bought it from goes bust before it is delivered, the credit card provider should provide you with a full refund.
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Moneysupermarket is a credit broker – this means we’ll show you products offered by lenders. We never take a fee from customers for this broking service. Instead we are usually paid a fee by the lenders – though the size of that payment doesn’t affect how we show products to customers.