Money for nothing! (Marks & Spencer Financial Services)

Member Name: mrsgladwin

Product:	Marks & Spencer Financial Services
Date:	13/05/09 (34 review reads)
Rating:

Advantages: Easy to rack up points that turn into vouchers

Disadvantages: Only really worth it if you shop in marks and spencer

My husband hates having credit cards, he's a 'pay in cash so we know where we're up to' kind of guy and hates owing anything to anyone. So when I heard about the M&S card it took some persuading but we signed up for it. We now pay for everything on it! It's great. You earn 1 point for every £1 spent at Marks & Spencer and 1 point for every £2 spent elsewhere, which is any where that accepts Mastercard. Each point equates to 1 penny, so 100 points would give you a £1 voucher to spend in M&S. It might not seem like a lot but it soon adds up. We pay for all our shopping, petrol etc on it, then pay it off in full at the end of the month.

Every month or so you get bonus vouchers, for example, "Get 5x points when you buy women's clothing from M&S" or "200 extra bonus points when you spend online" . These special offers are really worth using. Then every three months you get your points turned into money vouchers to spend on anything in Marks. This may not be useful if you don't shop there often but we always use them, even if its only on food.

At the time of writing they are also offering 10 months 0% interest, which is another bonus.

We think this card is great. Just by using it to pay for things when we'd usually use the debit card, we gained £11 worth of vouchers last pay out...for doing nothing!

Summary: Easy money, works like cashback on your shopping