Deal of the week

Published by on 02 October 2008.
Last updated on 03 October 2008

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.”

How does it compare?

Credit card Purchases Balance transfers Typical APR Cash APR Other?
M&S Money 0% 10 months 0% 10 months
(2% fee)
15.9% 23.9% M&S points
Halifax All in
One MasterCard
0% 10 months 0% 10 months
(3% fee)
15.9% 23.95% n/a
Capital One
Platinum MasterCard
0% 01/11/09 0% 01/11/09
(3% fee)
16.9% 25.9% Free ID services
Lloyds TSB Advance 0% six months 4.9% 12 months
(3% fee)
11.9% n/a n/a

Virgin Money
MasterCard


0% three months 0% 15 months
(2.98% fee)
15.9% 24.9% n/a
Barclaycard
Breath MasterCard
0% 12 months 12.9%
(2.5% fee)
12.9% 27.9% Shopping reward
points
Egg Visa Credit 0% 01/01/09 0% 01/01/10
(3% fee)
16.9% 24.9% Cash back rewards
Source: Moneywise Compare & Buy and Moneyfacts 02/10/08

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