For those who own a Marks & Spencer Credit card

pault123

It can't be done, I BT to MBNA and straight after called M&S and did a BT for the same value!

The same day my HSBC BT hit MBNA there was already a credit there from M&S.

I couldn't find a way around the 2% fee from MBNA but for a lifetime rate of 3.9% i'm not too fussed!

I cleared all my overdrafts as well - M&S have a high interest rate for this so used MBNA again who charge 3% on OD's and then transferred straight to M&S

Phoenix79_2

I've applied for a &More card tonight. Fingers crossed i'll get a good limit. If not i'll just use it for 0% purchases.

jules68

Sorry to but in but i have a question, well 2 actually.
1. do you get charged for a balance transfer onto the 3.9% deal?
2. Can you transfer into an overdraft?
thanks

halloweenqueen_2

I got a £4000 limit.

pault123

jules68 wrote:

Sorry to but in but i have a question, well 2 actually.
1. do you get charged for a balance transfer onto the 3.9% deal?
2. Can you transfer into an overdraft?
thanks

No there is no fee! BUT if your trying to transfer a balance from HSBC you can't . Therefor you can BT to another card then BT to M&S there is then going to be a fee from that other card.

No you can't transfer into an overdraft for free (normal cash purchase rate 15%+ I think) so BT to a card which you can do overdrafts (MBNA 3% charge) then BT to M&S

jules68

Thanks pault123 just another question!!!
Can you BT from egg to an overdraft with no fee
many thanks

Bokken_2

pault123 wrote:

. Therefor you can BT to another card then BT to M&S there is then going to be a fee from that other card.

To save on extra fees being charged to your various cards and using a cash advance.
With M&S you can use your card to purchase money using the M&S money exchange,make sure you purchase £ Sterling and you can then spend it where you like including on your overdraft.
If you want to be clever and stooz a few pounds purchase $'s and exhange it back with another exchange (Co-op,Travel supermarket etc)at a more favourable rate.
good luck.

Danni19

Can you buy £ sterling? can't see it on the website

Phoenix79_2

How long did it take for anyone applying for this card to get a decision. I applied on sunday and was told 48hrs which isn't a problem. I appreciate they wouldn't have looked at it until Monday morning at the earliest. What slightly concerns me is that they never even sent me an email confiirming my application had been made as soon as i submitted it online. Am i worrying unduly?

sloughflint

Phoenix79 wrote:

How long did it take for anyone applying for this card to get a decision. I applied on sunday and was told 48hrs which isn't a problem. I appreciate they wouldn't have looked at it until Monday morning at the earliest. What slightly concerns me is that they never even sent me an email confiirming my application had been made as soon as i submitted it online. Am i worrying unduly?

Hang in there. It takes a few days. I was getting worried too.