M&s Card Now 4.9% Life Of Balance Now 17.9% Apr!

BONJOEY

just to let you know as a previous mse has said the m%s website for there credit cards now says 4.9% life of balance instead of 3.9%

also apr has gone up from 16.9% to 17.9%

also its now not 12 months intrest free on purchases, its till jan 2008

Sponge

My wife got her new M&S card only 3 days ago and it states the old rates. Would this mean she's escaped the changes? Or are there clauses in the T&Cs that allow them to change when they want and there's nothing we can do about it? It's just that she doesn't need to use the BT for another few months, but within the quoted 6, but we want the deal we signed up for, not the new one!

tiff

I didnt realise you got 0% on M&S furniture for 2 years, is that new as well?

thesaint

M&s Card Now 4.9% Life Of Balance Now 17.9% Apr!

I think that this thread title is misleading.

anniecave

Sponge

The terms and condititions will be as your wife (and I and anyone else who applied early enough) signed for. They don't normally change the terms part way through, but I'm not sure if they can do so.

This is quite normal. When they've got enough customers (or are getting more than they anticipated, or are getting towards enough) they amend the terms for new customers so less people join.

The moral of the story - if you see a good deal, go for it!

vwman_3

I applied for this card on Thursday, and got e-mail accepting me 3 hours later.

fsaxom

how good a credit rating do you need to have to get this card ?

BONJOEY

OOPPS sorry for the misleading title, i think people know what i mean when they read the post.

fsaxom , i would say an average credit rating, but you never can tell. x

nomoneytoday

I did a Life BT at 3.9% yesterday morning

MOCHA

tiff wrote: »

I didnt realise you got 0% on M&S furniture for 2 years, is that new as well?

No it's been running for quite a while now. There is better amd cheaper! furniture available from other retailers.

tiff

You get what you pay for when it comes to sofas and chairs, agree about their wooden furniture and beds though.