Marks & Spencer Chargecard
5 reviews from the community
Review of "Marks & Spencer Chargecard"
The M&S store credit card used to be unique...but not anymore!
Until March last year (2000) M&S were the only department store to REFUSE to accept any other credit card except their very own M&S credit card.
Oh, hang on before I put down this card completely.. the "only" thing that is given to M&S Chargecard holders is a complimentary copy of the M&S magazine (normally £1-£2 to buy) and only recently they have started to offer £5 off vouchers off clothing only if you spend "at LEAST £50" on clothing and that’s about it!! Compare that to other store cards which offer 10% off on as little as £20 minimum spend.These days whatever you do M&S vouchers are being thrown at you, by Insurance companies, by car dealers; if you get invited for test drives e.g. Citroen, Skoda, and if you buy a PC (from MESH computers)
Is it any wonder then that this retail giant has been in troubled waters since at least 1995. It's half yearly profits are down from £192 last year to only £150-160m this year till September.
There are not many real great benefits to having an M&S Chargecard other than it used to to be the only credit card accepted in M&S Stores, BUT all that has changed since March 2000. Whilst shopping in M&S you can pay using any of your credit cards and get the enhanced benefits, be it air miles, cash back etc etc associated with each of your individual credit cards.
M&S financial services~
Another very annoying thing about the M&S Chargcard is that you will get endless financial marketing mail from them offering you Pensions, life insurance, Personal Reserve cheque (loan) for £3000 and so on BUT NOTHING in terms of 'real' money off, genuine discounts in store. Statements are sent out to card holders every 4 weeks, not as generous as some credit cards where one has 56 days interest-free credit.
a) the condition of the vouchers states you have to use it in order to get M&S vouchers off your bill
b) you really love M&S , so you will get a free M&S magazine...?
If you already have one, keep hold of it as they are throwing money off vouchers at you if you spend £50 on clothing (get £5 off) or £20 in foodhall (get £2off!)wow!!!
Otherwise there is really no advantage on using this M&S credit card in store, you will earn much better benefits by using your other credit cards!-This is a personal opinion of Connoisseur_Haggler on value of M&S chargecard-
Product Information : Marks & Spencer Chargecard
Manufacturer's product description
Listed on Ciao since: 27/11/2000