M&S offers 0%

M&S Money has confirmed it is offering 0% interest for 6 months on the M&S Credit Card for purchases and balance transfers - effective immediately.

The 0% interest deal applies on all shopping for 6 months from account opening and on balance transfers made within 6 months of account opening (2% fee, minimum £5).

Customers earn M&S points every time they use their card, and can also collect extra points with regular bonus point offers. Four times a year their points are converted into M&S Reward Vouchers to spend at M&S.

M&S points on every purchase work out to 1 point for £1 spent at M&S, 1 point for every £2 spent elsewhere. 100 points = £1 Reward Voucher.

The card charges a typical rate of 18.9% APR variable.

In a separate initiative, M&S Money is offering a 25% cashback reward on personal loans - the cashback reward is available to customers taking out a personal loan between April 1st and June 3rd 2008.

The offer is available on all personal loans taken out over 36 months or more, giving back to customers 25% of the interest they have paid once their final repayment has been made.

When the cashback reward is taken into account, the typical rate of 8.9% APR on loans between £7,500 and £20,000 is equivalent to a rate of 6.9% p.a.

The offer is also available with M&S Car Buying Plan, which allows customers to defer a fixed percentage of their loan, giving them the following options at the end of the term: Keep the car and carry on making monthly payments until the whole of the loan is repaid; Keep the car and pay off the remainder of the loan with a lump sum; Sell the car and use the money to pay off the remainder of the loan

25 April 2008 © Moneyextra.com

PERSONAL LOANS - CREDIT CARDS - ONLINE CREDIT CARDS - BALANCE TRANSFER

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