M&S Rewards Credit Card cashback rate, cap and annual fee
M&S Rewards Credit Card pays 1% at M&S, 1% at M&S and 0.2% on everything else.
This is information about each card's published terms, not a recommendation to apply. PayperWIZ arranges no credit and is paid nothing by any bank or card issuer.
M&S Bank · United Kingdom · catalogue v103
Read from M&S Bank's own published terms on 1 Oct 2026.
1%Best rate
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| M&Ssupermarkets | 1.00% | —1 point per £1 at M&S, in store and online. |
| M&Sgroceries | 1.00% | —1 point per £1 at M&S Food. |
| everything else | 0.20% | —1 point per £5 everywhere else. |
1 point per £1 at M&S and 1 per £5 elsewhere, and M&S values a point at 1p ("200 Rewards points = £2 in M&S vouchers"), so 1% at M&S and 0.2% elsewhere. Vouchers start at 200 points. No annual fee is published on any page reachable. Non-sterling fee 2.99%. Issued by HSBC UK (M&S Bank). Source: marksandspencer.com Rewards card page, M&S Bank rewards and fees pages and loyalty T&Cs (June 2026), read 1 Oct 2026.
Questions people ask
What cashback does the M&S Rewards Credit Card pay?
1% at M&S, 1% at M&S and 0.2% on everything else.
Is there a cap on the M&S Rewards Credit Card?
No monthly cap is published on the rates shown here.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. Every rate in it says where it came from, the way this page does: read off the issuer and dated, or marked indicative.
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