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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 It is now over 6 months old so the content may be out of date.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.

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