So long as you use your card before September 30, you’ll be sent a £30 voucher via email, which you can redeem against wine or champagne at any M&S store. If you're tea-total, you can choose to redeem it against soft drinks instead.
It doesn’t matter how much you spend on your first purchase – so long as you put it on your card and it’s made before the end of September.
But the card has longer-term benefits too – so here’s everything you need to know…
Have a drink on us
Summer might have made an abrupt exit from much of the UK, but at least our exclusive MoneySuperMarket deal sticking around for a while longer.
The Marks & Spencer credit card offers 15 months at 0% on purchases, and 12 months at 0% on balance transfers, subject to a 2.9% fee. What’s more, the card will earn you M&S points on your shopping.
You will earn points at a rate of one per pound spent in M&S, and one for every £2 spent elsewhere.
You can then cash in your points in exchange for M&S vouchers. For context, 100 points is worth £1 of M&S vouchers. There’s also a bonus 500 M&S points on offer when you spend £5 in the supermarket’s food, clothing or home departments.
Cardholders can also buy M&S travel money, in 57 currencies, with no cash advance or foreign exchange fees. Orders over £500 also come with free delivery (smaller deliveries cost £5). So if you are heading for a later summer holiday that could also come in handy.
Some finer details
You’ll want to clear the card’s balance of any purchases within 15 months, or else you’ll start paying interest at a variable representative annual percentage rate (APR) of 16.9%. And this will quickly wipe out the card’s benefits, including the free wine.
The same goes for any balance you transfer onto the card, except you’ll have a shorter 12 months to pay it down before it starts accruing interest.
If you’ve had another M&S card within the last 12 months, then you won’t be eligible for this deal. You’ll also need to be over 18 and a UK resident.
While you can swap the wine vouchers for soft drinks vouchers, the £30 needs to be spent in the same transaction, so be prepared to stock up on orange juice and cola.
Plenty of alternatives
If you’re not a regular M&S shopper but looking for rewards on your spending, there’s plenty more choice of cards on the market.
One of the best is from American Express, which pays up to 1.25% cashback on purchases made ANYWHERE with its Platinum Everyday Cashback credit card. It also offers 18 months at 0% on purchases with a representative 19.9% APR (variable) thereafter.
If it’s just interest-free purchases you are interested in, there's a new market leader in this camp, Halifax, which is now offering the first 20 months interest-free on spending you make on its credit card. If you are a big Tesco shopper though, and want to collect Clubcard points at an accelerated rate, then Tesco Bank has a 0% purchase card deal at 19 months which - though shorter - could be fitter for purpose.
But if your main motivation is switching existing debt to the longest 0% shelter possible, there’s MUCH better deals out there. So long as you don’t object to paying a 2.9% fee, Barclaycard is offering a leading 33 months at 0% on balance transfers, for example.
If you can afford to pay down your debt in 10 months though, look at Tesco’s new offer, which - as there is no fee at all - won’t cost you a penny if you play your cards right.
Bear in mind, you won’t be able to transfer card debt if it’s already held with the same provider.
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.