M&S Card

tedglen

Hello all –

I have an M&S Card on interest free on purchases for 15 months. The interest free period is due to end December 20th. Two questions:

1) Will I have 2 months after end of interest free to pay card off before interest its charged ?
2) How much interest approx would I be paying per month for £1000 on the M&S card. Not sure what the APR was, think it was around 16%

Thanks in advance

[Deleted User]

1) No.
2) About £10.

chris-j

Interest will be applied on any balance left from 20th December.
Typical rate is 15.9% which is approx 1.3% per month, so about £13 interest. If you can clear it within 2 months without adding new transactions, paying interest will most likely be cheaper than a normal 3% balance transfer.