font loading for Top nav
 

Representative Example

What do these rates mean?

23.9%

Purchase rate p.a. (variable)

23.9% APR

Representative (variable)

£1,200

Assumed credit limit

What do these rates mean?
 
Representative example

Lenders offer different rates and credit limits depending on people's personal circumstances, but when you first start searching for a credit card you'll typically see the representative example. It shows the rate that at least 51% of those accepted for the credit deal will get on any given product. However, that does mean that almost half the people who are approved for the deal may not be eligible for the advertised rate and will get a different rate – usually a higher one.

Representative APR (Variable)

APR stands for Annual Percentage Rate and it refers to the yearly cost of borrowing money. APR factors in how much interest you will have to pay. Variable APR means that the APR isn't fixed, and can change over time. So, the amount of interest you are charged each month will vary depended on the APR at that time. There are lots of reasons your APR might change, though it will usually be to stay in line with the Bank of England interest rate.

Purchase rate p.a. (Variable)

It is the annual interest rate on purchases. If you pay your credit card bill in full and on time, then you won't have to pay any interest on your purchases. It's only when you carry a balance over into a new month that you will have to pay interest.

Assumed credit limit

For standard credit cards, representative APR is based on a credit limit of £1,200 – this is the same for all lenders. Representative APR assumes you spend the full £1,200 on the first day and then pay it back in equal, regular instalments over a year without spending anything else. The credit limit you will get depends on your specific account and unique credit score.

We’ll reward your spend too with £5 back in M&S vouchers for every £100 you spend at M&S for your first six months.*

Extra benefits, no annual fees

 
0% interest on purchases for 9 months
Shop interest free when you pay at least your minimum payment on time each month.
0% interest on balance transfers for 9 months
Available for 90 days from account opening. 3.49% fee applies, minimum £5.
 
Unlock M&S vouchers
Earn £5 in M&S vouchers for every £100 you spend at M&S on your card for your first six months.*
 
Up to 55 days interest-free credit
When you pay your balance in full and on time each month.
 
No cash advance fee
When you buy your M&S Travel Money with the M&S Credit Card.
 
Add an additional cardholder
So you can both earn Rewards Points on all your shopping. Additional cardholder must be 18+.
200
Rewards Points
=
£2
in M&S vouchers
Points are converted to M&S vouchers and sent to you quarterly to spend at M&S.
 

Rewards Calculator

Calculate how much you'll get back each year to enjoy in M&S vouchers.

Monthly spend at M&S

Rewards Points: 0

Monthly spend elsewhere

Rewards Points: 0

Voucher amount per year

Your voucher amount per year

£0

Total Rewards Points: 0

M&S Rewards Points cannot be earned on balance transfers, cash advances/withdrawals, interest charges, M&S Travel Money, foreign currency or M&S Rewards Vouchers*.

Checking your eligibility will not affect your credit score.

How to earn your vouchers

1

Simply shop using the M&S Rewards Credit Card and collect points

2

We’ll convert your points to M&S vouchers and send them to you every quarter.

3

Treat yourself and spend your M&S vouchers in-store or online

88% of M&S Bank customers in Finder.com’s customer satisfaction survey would recommend the brand to a friend.