M&S Bank Credit Cards — Rewards, 0% Purchase & Balance Transfer Offers Compared
M&S Bank is the trading name HSBC UK Bank plc uses for Marks & Spencer's financial services. It offers three M&S Credit Cards — Rewards, Purchase Plus and Transfer Plus — that earn M&S Rewards points turned into M&S vouchers (100 points = £1), plus savings, personal loans, insurance and travel money. All three are Mastercards with a 3.49% balance transfer fee (minimum £5), Section 75 protection and up to 55 days' interest-free credit.
Live offers
- M&S Rewards Credit Card
- M&S Credit Card Purchase Plus Offer
- M&S Credit Card Transfer Plus Offer
| Operated by | HSBC UK Bank plc, trading as M&S Bank |
|---|---|
| Cards | M&S Rewards, Purchase Plus Offer, Transfer Plus Offer (Mastercard) |
| Representative APR | 23.9% (Rewards) or 24.9% (Purchase Plus, Transfer Plus), variable |
| Longest 0% offers | Up to 26 months on purchases (Purchase Plus); up to 30 months on balance transfers (Transfer Plus) |
| Rewards | 1 point per £1 at M&S, 1 point per £5 elsewhere (Rewards card); 100 points = £1 in M&S vouchers |
| Balance transfer fee | 3.49% (minimum £5) |
| Products | Credit cards, savings, personal loans, insurance, travel money |
| Best for | Regular M&S shoppers, and anyone wanting a long 0% purchase or balance transfer period |
| Alternatives | Tesco Bank, Sainsbury's Bank, Barclaycard |
Best for
- Regular M&S shoppers who want to earn M&S vouchers on everyday spending
- Spreading the cost of a large purchase over up to 26 months at 0%
- Moving an existing card balance to 0% for up to 30 months
Not ideal for
- Non-M&S shoppers — the Rewards card earns only 1 point per £5 spent elsewhere
- Anyone who will carry a balance after the 0% period ends (23.9%–24.9% APR)
M&S Credit Cards
M&S Bank's three Mastercards, as shown on M&S Bank's credit card page.
- M&S Rewards: 23.9% APR, 0% on purchases and balance transfers for 9 months, 1 point per £1 at M&S and 1 point per £5 elsewhere, plus a £40 M&S voucher offer when you spend £150 across 2+ transactions at M&S in the first 3 months
- Purchase Plus Offer: 24.9% APR, 0% on purchases for up to 26 months and on balance transfers for 6 months
- Transfer Plus Offer: 24.9% APR, 0% on balance transfers for up to 30 months and on purchases for 3 months
- No cash advance fee when you buy M&S Travel Money with the card
Best for: M&S shoppers, or borrowers who want a long 0% period.
Compare credit cards in M&S Bank in United Kingdom: 3 live plans compared
M&S Bank vs alternatives
M&S Bank vs Tesco Bank
Tesco Clubcard rewards on a credit card. M&S gives M&S Rewards points; Tesco gives Clubcard points. Tesco's Clubcard Balance Transfer card is listed on Giraffy at 0% for 36 months (3.45% fee) and 24.9% APR, versus up to 30 months (3.49% fee) on M&S Transfer Plus. Pick the retailer you shop at most.
M&S Bank vs Sainsbury's Bank
Nectar points on a credit card. M&S gives M&S Rewards points; Sainsbury's gives Nectar. Compare rewards rates on Giraffy.
M&S Bank in M&S Bank in United Kingdom: 3 live plans compared — FAQ
What is M&S Bank?
M&S Bank is a trading name of HSBC UK Bank plc. It provides Marks & Spencer's credit cards, savings, personal loans, insurance and travel money. Compare with Tesco Bank on Giraffy.
Which M&S Bank credit card should I choose?
The M&S Rewards card (23.9% APR) suits regular M&S shoppers: 1 point per £1 at M&S, 1 point per £5 elsewhere and 0% on purchases and balance transfers for 9 months. Purchase Plus (24.9% APR) gives the longest 0% on purchases, up to 26 months; Transfer Plus (24.9% APR) the longest 0% on balance transfers, up to 30 months. Balance transfers cost 3.49% (minimum £5).
How do M&S credit card rewards work?
You earn M&S Rewards points on your spending and they are turned into M&S vouchers: every 100 points equals £1. The Rewards card earns 1 point per £1 at M&S online and in store and 1 point per £5 elsewhere; Purchase Plus and Transfer Plus earn 1 point per £5 everywhere.
Can I check if I'm eligible for an M&S credit card?
Yes. M&S Bank's eligibility check takes a few minutes and does not affect your credit score; you sign in or join Sparks to start it. Cards are for UK residents aged 18 or over and credit is subject to status.