Press Release
5 September 2006
0% interest on purchases for a year for new M&S &MORE credit card customers
3.9% interest on balance transfers for the life of the balance – with no balance transfer fee
Marks & Spencer Money has launched a special offer on its &MORE Credit Card for new customers which features 0% interest on all purchases for 12 months* and balance transfers at 3.9% p.a. for the lifetime of the balance**. In addition M&S Money remains one of the few credit card providers not to charge a fee for balance transfers.
Every time customers spend on the &MORE Credit Card they earn loyalty points towards M&S reward vouchers which they receive four times a year to spend in stores. Shoppers who use their &MORE Credit Card to buy M&S furniture in-store can also take advantage of 0% interest for 2 years.
Brendan Cook, chief executive of M&S Money, said; "This is a great way for customers to get the most out of their credit card. With interest‑ free shopping for a year, loyalty rewards for shopping at M&S and elsewhere, and no fees on balance transfers it's no wonder that the &MORE Credit Card is so popular.
"We now have over three million cardholders and since launch customers spending on the card have earned over £100 million in &MORE vouchers."
For more information customers can call 0845 900 0900 or go online at www.marksandspencer.com/money
ENDS
For further information please call the Marks & Spencer Money press office:
James Thorpe on 020 7992 1433
jamesthorpe@hsbc.com
Liz Neild on 01244 686 068
liz.a.neild@mandsmoney.com
Rob Skinner on 020 7992 1571
robskinner@hsbc.com
Notes to editors:
* 0% on all purchases fixed for 12 months from the date of the account opening
** 3.9% p.a. fixed for the life of balances transferred within 6 months of account opening
*** 0% fixed for 2 years from the date of purchase of M&S furniture instore over £1,000 (maximum purchase £3,000 for new card applicants)
- Typical 16.9% APR variable
- No fees for balance transfers
- &MORE reward points on every purchase - 1 point per £1 for purchases made within Marks & Spencer stores, 1 point per £2 for purchases made elsewhere
- Additional &MORE bonus points on offers in Marks & Spencer stores and online
- Up to 10% off millions of holidays with the &MORE Travel Club
- Card issued by Marks and Spencer Financial Services plc
- Credit subject to status us to UK residents aged 18 or over
- &MORE reward scheme subject to terms and conditions