M & S Money &More Credit Card loses its shine - Credit cards - News - Moneyfacts


Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

M & S Money &More Credit Card loses its shine

M & S Money &More Credit Card loses its shine

Category: Credit cards

Updated: 31/10/2008
First Published: 26/10/2007

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The &More MasterCard from Marks & Spencer Money continues to offer its competitive loyalty rewards scheme, but today its purchase rate increases by 1% to 18.9% and sadly its competitive life of balance deal, previously at 5.9%, now becomes 7.9% for only two years.

The nine months 0% on purchases is competitive, but the standard rate it reverts to of 18.9% means it could be a costly way to borrow once your deal finishes. With very few life of balance transfer deals on offer; the market is virtually disappearing before our eyes. With 4.9% fixed for five years available from First Direct, the new Marks & Spencer deals does not come close.

Best buy credit cards - 0% balance transfers

Best buy credit cards – rewards

Best buy credit cards - cashback

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Credit card mistakes cost borrowers £948m

At this time of year, many people could be turning to balance transfer credit cards in an attempt to overcome their Christmas debt. However, many of these borrowers could get caught out in the year ahead, and they could end up paying for it.

6 of the best balance transfer credit cards

Does the thought of opening your credit card bills fill you with fear? If so, you're not alone! Christmas may be over, but unfortunately, many people will still be paying for it, after turning to credit to cover the cost of their festive spend.

Get a better credit score for the New Year

A new year means a fresh start, and one of the best things you can do is take a cold, hard look at your finances – particularly when it comes to your credit score.