M&S Money has launched a 0% credit card offering for new customers, which benefits from 0% interest on all purchases for 10 months and on balance transfers for six months.

The deal then reverts to a typical APR of 15.9%. A balance transfer fee of 2% applies, and cash withdrawals attract an APR of 23.95%. The card also rewards shoppers with M&S points, plus 55 days interest free when buying M&S Travel Money with the card.

Brendan Cook, chief executive of M&S Money, says: "While a number of other providers have recently been raising their interest rates and shortening their 0% offers, we're delighted to be bucking this trend - at a time when consumers will appreciate this the most.

“This new card means that M&S is now one of the few providers in the market to be offering excellent 0% deals on both purchases and balance transfers.”

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