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LONDON, ENGLAND, June 24, 2010 /24-7PressRelease/ -- M&S Money has won the 2010 Moneyfacts award for Best Card Provider (Introductory Rate). The awards were announced at the Millennium Hotel, Mayfair, London in front of 300 industry professionals from leading financial institutions who had gathered for the special luncheon which was hosted by ITV News' Economics Editor, Daisy McAndrew.
The awards were presented to those companies that have consistently offered the most competitive products, the best levels of service and shown the greatest innovation in the personal finance world during the last twelve months.
The M&S Credit Card offers:
- 0% interest on all shopping for ten months from account opening
- 0% interest for six months on balance transfers made within six months of account opening (2.9% fee, minimum GBP5)
- No cash advance fee & 55 days interest free when buying M&S Travel Money with the card
- M&S points earned every time the card is used, with regular bonus offers of extra points on purchases at M&S
- 15.9% APR typical variable. Actual rate received will depend on an individual assessment of circumstances.
Colin Kersley, M&S Money Chief Executive, said: "We are delighted that the M&S credit card has been recognised at the Moneyfacts awards. The card not only has a competitive APR but also 10 months at 0% interest on shopping, making it one of the most attractive credit cards in the market."
About M&S Money
M&S Money (the trading name of Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc, making 2010 the company's 25th anniversary.
The company is a top-ten credit card provider and the second-largest travel money retailer in the UK. M&S Money also offers a range of insurance cover, including home insurance, car insurance and pet insurance as well as loans, savings and investment products.
In November 2004, Marks & Spencer sold M&S Money to HSBC. HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,000 offices in 88 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,364 billion at 31 December 2009, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'. M&S Money has an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.
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