Apply for a credit card, do £100 of normal day-to-day spending and Bob's your auntie...
With Christmas coming and money tight, this is an easy(ish) way to get money off at M&S. Sadly you won't get the vouchers before Christmas, but you will get them to help ease the pressure in the New Year. Just DON'T use it as an excuse to overspend. Here's how it works:
Ends Thu. Get £45 in M&S vouchers when you spend £100. In a nutshell, accepted new M&S Bank* cardholders who apply via our link by Thu 30 Nov and spend £100 on the card, making sure some of it is at M&S, get £45 of vouchers to spend on most things at M&S.
Applying leaves a mark on your credit file (trivial unless you do lots in a short time or are about to make an important credit application, eg, a mortgage), so use our free eligibility calc to see your chances of getting it and other top cards without affecting your score.
- How do I get the vouchers? This deal's split into three parts. Spend anything - even just 1p - within 90 days to get £20-worth of M&S points. Then spend £100 by 31 Jan 18 and you'll be emailed a £20 vch by 28 Feb. You're also sent a vch with the card. Swipe it at the till or use online alongside your card to buy most things at M&S and you'll get pts worth £5.
- What other rewards do I get? You earn 2pts (worth 2p) for every £1 spent at M&S in the first year (1pt per £1 after) and 1pt for every £5 elsewhere. There's a 6mth 0% period on spending, yet make sure you clear after that or repay IN FULL each month to avoid the 18.9% rep APR.
- Is it for everyone? Only go for it if you're debt-free, have a good credit history and are a disciplined spender. You can even cancel the card as soon as you get the vouchers, though the ongoing rewards aren't bad if you shop at M&S and clear the card every month.
- The Credit Card Golden Rules. Full help and more options in Top Credit Card Rewards (APR Examples).
a) Repay IN FULL each month, preferably by direct debit, to avoid interest which'll dwarf the gain.
b) Never withdraw cash. You pay interest on it even if repaying in full, and it hits your credit score.