Well, if you apply for a Marks & Spencer credit card via MoneySuperMarket during the course of this month, the first time you use it you’ll be sent a voucher worth £30 which you can exchange for wine or champagne from any M&S store.
The card comes with other perks too, including cheap travel money and points which can be used for discounts on your M&S shopping.
Read on to find out more about this new and exclusive summer deal.
What’s the deal?
Apply for the Marks & Spencer Credit Card between now and August 31 and, so long as you use the card for the first time before September 30, you’ll be sent a £30 voucher by email which you can then redeem on wine or champagne at any M&S store.
There’s no minimum spend to qualify, so you can buy something for just a few pounds and still get the voucher.
If you don’t drink, the voucher can be swapped for soft drinks too – but terms and conditions state that you’ll need to spend the full £30 all in one go.
This summer deal is only available through MoneySuperMarket and Money Saving Expert, so you won’t find it anywhere else.
What else does it offer?
Wine and champers may be the most eye-catching for some but the M&S card has several other selling points too. For example, cardholders benefit from a 0% introductory rate on purchases for the first 15 months and for 12 months on balances transferred to the card. (There is a 2.9% fee for this and any transfers must be made within 60 days of opening the account).
The card also enables you to earn M&S points on your shopping – you’ll receive one point for every £1 you spend in M&S and one point for every £2 you spend elsewhere. (For context 100 points is equivalent to £1 in M&S reward vouchers).
The card also entitles you to buy M&S Travel Money with no cash advance or foreign exchange fees. There are up to 57 currencies available and delivery is free for orders of £500 or more, or £5 for orders under £500.
You’ll also receive a bonus points voucher for 500 M&S points worth £5 when you spend in either the food, clothing or home departments at M&S, which will be sent with your new credit card.
To apply for an M&S Credit Card, you must be aged 18 or over and a UK resident.
Who’s it good for?
This card is a great option for regular M&S shoppers who can make the most of all the rewards on offer.
It’s particularly useful for those who want to be able to spread the cost of any purchases, and anyone who perhaps has a balance to transfer too, but only wants to carry one card.
The wine offer is only available for the month of August, so you’ll need to get your skates on if you want to take advantage.
You will need to clear what you spend within 15 months else the interest you are charged at 16.9% APR (variable) could soon wipe out the benefit of any special perks. By the same token, if you’re moving a balance across, you should repay this debt within 12 months as the same rate will kick in then.
If you aren’t sure you can do this, you may be better off opting for a separate balance transfer card with a longer introductory period, in addition to the M&S card. You can compare the best of these deals on our tables.
Finally, you cannot open a new M&S Credit Card account if you have held an M&S card within the previous 12 months.
What’s the verdict?
The M&S Credit Card is a good deal even without the added extras, but the free £30 wine or champagne voucher makes it even more tempting.
If you aren’t a regular M&S shopper, however, it might be worth looking at alternative reward and cashback cards before applying.
For example, American Express has just launched a Platinum Everyday Cashback credit card which pays cashback on all your spending, and also gives you 18 months to pay off your purchases before interest is charged at a representative APR of 19.9% (variable). You can read more about this deal with my Focus On.
Tesco and Sainsbury’s both offer credit cards which reward shoppers with points on their spending, so these are worth considering if you regularly shop in either store.
Remember that you’re only likely to be accepted for the best credit card deals like this one if you have an excellent credit score. If you don’t, you may be offered the card you want, but with a higher APR, or you could be turned down altogether.
You can apply for a copy of your credit report by visiting our credit monitoring channel.
And if you want to see your chances of being accepted for a card without your credit score being disturbed, you can click on the 'will I get this card?' button next to the card deal you have selected.
Please note: any rates or deals mentioned in this article were available at the time of writing. Click on a highlighted product and apply direct.