M&S Bank Transfer Plus tops balance transfer credit cards in the UK with 26 months 0% and no annual fee
M&S Bank Transfer Plus delivers 26 months at 0% and no annual fee, the clear balance transfer credit card choice in the UK for clearing debt while earning M&S points
Quick overview of M&S Bank Transfer Plus
The M&S Bank Transfer Plus is a leading balance transfer credit card in the UK, offering 26 months at 0% on balance transfers and no annual fee. It’s designed for anyone looking to clear existing credit card debt while still earning M&S points on everyday spending.
This balance transfer credit card also provides 0% on purchases for three months and an earn rate of roughly 1 point per £1 spent, making it attractive for regular M&S customers and those focused on debt consolidation.
Fees, rates and eligibility
Although the card advertises 26 months 0% on balance transfers, applicants should factor in the balance transfer fee and the representative APR of 24.9% variable for purchases after the introductory period. Cash advances and late payments will attract standard charges, so read the small print before applying.
To be eligible you must be resident in the UK, at least 18 years old and able to show proof of income and affordability. Applicants with a poor credit history may struggle to get approved, so check your credit score and consider alternatives if necessary.
How to use this balance transfer credit card to clear debt
Start by transferring high-interest card balances to the M&S Bank Transfer Plus early to maximise the full 26-month 0% period for repayments. Create a realistic repayment plan that clears the balance within that term to avoid reverting to the variable APR.
Avoid new purchases on the transferred balance; use the separate 3-month 0% purchase window only for planned essential buys. Keep direct debits set up and use an app or spreadsheet to track the remaining balance month by month.
Maximising M&S points and practical tips
If you shop at M&S regularly, use the card for everyday essentials and recurring bills to rack up points that convert into vouchers for food, clothing or homeware. Redeeming points for vouchers helps stretch household budgets and makes the card more valuable than a basic balance transfer option.
Compare the effective cost: calculate the balance transfer fee against the interest you’d save over 26 months to confirm this card is the best balance transfer credit card for your needs. Finally, cancel or switch high-cost cards once your debt is cleared and keep an emergency buffer to avoid re-using the balance transfer facility.
