Marks & Spencer &More credit card (Marks & Spencer Financial Services)

Member Name: Mrs JW

Product:	Marks & Spencer Financial Services
Date:	13/05/06 (867 review reads)
Rating:

Advantages: 0% balance transfer, interest free period

Disadvantages: The advantage combined

I ordered a Marks and Spencer credit card, its advert looked good with the points, the free interest period of up to 55 days if paid off by the allocated date and the 0% Balance Transfer for 6 months which I took advantage of.

So I went ahead and transferred £600 from another card and off I go shopping spending a few hundred pounds, or thereabouts. The statement came in and I paid off all but the £600 which reached the account in plenty of time.

When the next statement came in, interest had been added. I rang the call centre up and they said it was because I hadn’t paid the balance off..... apparently they take your payment off the balance transfer and then charge you interest. They also confirmed, when I asked the question, that if I had only used them for the balance transfer purpose I wouldn’t have paid any interest.

Summary: I did not expect to pay interest