Compare Credit Cards

If you want to make purchases quickly and easily, a credit card could help make your shopping trips go much smoother. A credit card can help you buy items safely, with a delayed payment system so you don't have to spend money immediately.

Lender Product APR Minimum Credit Maximum Credit Apply
M&S Balance Transfer Credit Card Representative 18.9% APR (variable) Subject to status Subject to status
Apply Now

M&S Balance Transfer Credit Card

Representative 18.9% APR (variable)

Minimum Credit

Subject to status

Maximum Credit

Subject to status

Apply Now
0% on balance transfers for 32 months, available for 90 days from account opening (0.99% fee applies, minimum £5). 0% on shopping for 6 months. Earn M&S points every time you shop.
M&S Shopping Credit Card Representative 18.9% APR (variable) Subject to status Subject to status
Apply Now

M&S Shopping Credit Card

Representative 18.9% APR (variable)

Minimum Credit

Subject to status

Maximum Credit

Subject to status

Apply Now
0% on shopping for 25 months. 0% on balance transfers for 25 months, available for 90 days from account opening (2.9% fee applies, minimum £5). Earn M&S points every time you shop.

Credit Cards

A credit card effectively allows you to borrow money, by letting you make purchases without expecting an immediate payment.

You can then make your payment in full every month to avoid any interest charges. If you don't pay back the money you borrowed within a set time frame, you will have to pay additional interest.

Banks will offer a range of credit cards with a variety of benefits, different interest rates and limits. It's wise to shop around first before investing in a credit card.

Who can apply?

Anyone above the age of 18 can apply for a credit card, but some people are more likely to get accepted than others.

People under the age of 21 must provide proof of income to show they can make payments each month on their credit cards.

If you have a particularly bad credit score, it is likely that you will get your card application declined. You should check that your credit rating is good before applying for a credit card.

What are the advantages?

By using a credit card, you can get more protection on your purchases. So, if an item you buy is faulty or if you don't receive it from the seller, you can make a claim to your credit card provider to get your money back.

Some credit cards have special offers, from loyalty points to cashback when used in specific stores. You should consider this when comparing credit cards, to ensure you're getting the best deal.

Good to know

  • There are some credit cards that can help you to improve your credit rating. By using them, you are proving you can make repayments by making payments responsibly.
  • By paying off your card in full each month, you can avoid paying interest.
  • Keep a close eye on your credit card to ensure that you are able to make the monthly payments. If you overspend on your card, you may be charged, so give yourself a monthly budget.

What are the drawbacks?

The main thing to watch out for with credit cards is the risk of debt. Credit cards allow you to buy items and delay the payment. If you don't pay off the amount in full every month, interest will begin to build up. You should avoid paying off the minimum amount each month, and instead pay the full sum to avoid an accumulation of interest charges.

If you make late payments on your credit card, or you don't pay anything at all, you could end up paying a fee. This is also the case if you exceed your credit limit, so you should use your credit card wisely.

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