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Credit card provider M&S Money offers a cashback reward to personal loan customers

M&S money, which is now one of the top ten credit card providers, is offering a cashback reward to those who take out personal loans.

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19 August 2009

Credit card provider M&S Money offers a cashback reward to personal loan customers

M&S money, which is now one of the top ten credit card providers, is offering a cashback reward to those who take out personal loans.

A total of 10% cashback will be offered to customers who take out loans before 7th September.

The deal is applicable on all personal loans taken out over 36 months or longer, and gives customers a refund of 10% of the interest they have paid once they have made their final repayment.

According to the credit card provider, when the cashback is taken into consideration, the typical rate of 8.7% APR on a £10,000 loan over a 36 month period is equivalent to a rate of 7.9% per annum.

As well as loans, M&S Money offers a range of insurance cover, savings products and credit cards.

The M&S credit card allows users to collect reward points for products at Marks & Spencers stores.

There is 0% interest on all shopping for ten months from the date on which the account is opened, with a typical rate of 15.9% APR variable after ten months.

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Tesco ClubCard Credit Card Logo Tesco Bank Logo Tesco ClubCard Credit Card Apply
9 months 15 months 16.9%
** 16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable). **
Virgin Credit Card Logo Virgin Money Logo Virgin Credit Card Apply
20 months 3 months 16.8%
** 16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable). **
Barclaycard Platinum with BT Logo Barclaycard Logo Barclaycard Platinum with BT Apply
22 months 3 months 17.5%
** 17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable). **
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