For those who own a Marks & Spencer Credit card

mleonard79

Hi everyone,

I take it you can't apply for this new life of balance &more card if you've already got an &more card?? I'm also guessing M&S isn't allowing anyone to transfer onto it from an old &more card?? My mum has an old card she's had for years with over £10k of a limit so it would be great if she could get that £10k at 3.9% for life of the balance considering she has over £10k of credit card debt (currently on 0% but it's not easy to keep shuffling it around and I'm sure her luck with getting high enough credit limits will run out soon.) I'm assuming to get it she'd have to close her current &more card and reapply - is there an amount of time which she'd have to wait after closing it to reapplying though (I know some places don't allow you to reapply right away)? Also if she does this there's no guarantee she'd get the £10k limit back on the new card. It might be worth a go though - I was just wondering how other MSEers who already had the &More card and wanted to get the new one have got on. Thanks for any advice.

Regards

Michelle

YorkshireBoy

no1arsenal wrote:

Ive just b/transfer 3000 from egg and when i spoke to m & s customer services the only option is minimum pay or full payment on direct debit is it best to just make a standing order for say £20 extra to be paid into off m &s card each month so not just paying min payment.Thanks anyone for some help on this.

I'd recommend setting up a minimum payment DD, and then make additional payments each month by SO.

YorkshireBoy

Hi Michelle,

mleonard79 wrote:

I take it you can't apply for this new life of balance &more card if you've already got an &more card?? I'm also guessing M&S isn't allowing anyone to transfer onto it from an old &more card??

Correct on both counts.

I'm assuming to get it she'd have to close her current &more card and reapply - is there an amount of time which she'd have to wait after closing it to reapplying though (I know some places don't allow you to reapply right away)?

My wife successfully re-applied after 3 months last year, although the limit given was only around 60% of her previous limit.

Also if she does this there's no guarantee she'd get the £10k limit back on the new card.

A poster on the stoozing site closed his £15K M&S card last year, and on recently re-applying was only given £1.5K.

One final thing, M&S have been known to offer deals to stay if you call to close the account. The best my wife got was 9.9%, although many people have reported 0% for 6 months. Might buy her some time?

mleonard79

Hi YorkshireBoy,

Correct on both counts.

Thought as much - worth checking though!

A poster on the stoozing site closed his £15K M&S card last year, and on recently re-applying was only given £1.5K.

Whoa - they saw him coming then! That's what worries me about potentally closing it down.

One final thing, M&S have been known to offer deals to stay if you call to close the account. The best my wife got was 9.9%, although many people have reported 0% for 6 months. Might buy her some time?

I've already managed to get 2 x 0% for 6 months deals out of them the last one about a year ago . I've phoned up 2 or 3 times over the last 6 months to see what they've got to offer as I've seen others on here still getting offered 0% deals but the best they've offered was around 6.9% I think :mad: So I think they've maybe blacklisted her from those offers now - I think perhaps the reason they gave her 2 0% deals in the first place is because they'd made so much out of her previously and thought they could hook her back in again. Before I got hold of her debts she had been sitting with a high balance on the M&S card spending on it and balance transferring to it and paying the massive rate so I think they've done pretty well out of her over the years :eek: As an MSEer I was horrified! I've now got all her CC debt on 0% deals (BT's at Capital One til Sept and spending on Sainsbury's til June) so I've got a while before I need to switch things around again - I just thought that the 3.9% deal would be perfect for her to pay off her debts without having to get any more credit searches as she's had a lot over the last year with re-mortgaging and other things and I might be pushing it by applying her for more credit cards later in the year. I'll have a good think about it though as the £10k limit could be handy at some point and I wouldn't want her to lose it completely. Thanks for the answers Y-boy!

Regards

Michelle

no1arsenal

thanks YorkshireBoy for the input.I thought the same about SOrder just wanted someone with good info to confirm it thanks:beer:

mrslawrence2003

humph - just been rejected for the m&s card. !!!!!!.

krayzechick

still nothing from M&S for me...

BONJOEY

hi crayzechick, it took just about 2 weeks before i recieved my letter saying i hve been accepted, so you should recieve a letter any day now xx

Sazza

Is it possible to increase the credit limit on my &more account so that i can BT another card to it?

BONJOEY

you can only try askin? have you just recieved your card or already done a bt to it?

if you have already done a bt they might refuse but if its your first bt, i,e activating the card a few people have said they can up it by 1000 on the spot for bts