M&S club offers triple reward points
Marks & Spencer is launching a membership club for customers with an M&S Money credit card.
The Premium Club, launched today, offers 3% cash back on shopping, worldwide travel insurance, and free hot drinks in its café. The M&S Credit Card and loyalty scheme was launched in 2003 but this is the first time there has been a monthly fee to join a ‘Premium Club’.
The club costs £10 a month for all Money cardholders, who will get triple loyalty points when they spend in store. This compares with the normal one point shoppers get for every pound spent in store.
In addition to triple loyalty points the Premium Club will offer shopping and travel insurance benefits to M&S Credit cardholders including:
– Travel insurance, underwritten by AXA Insurance, that covers the family up to age 80, including worlwide travel, winter sports and independent travel
– Up to £120 worth of hot drinks in the M&S Café per year
– Birthday gifts and seasonal treats throughout the year
M&S credit cardholders can join the scheme via M&S stores, online or by phone.
M&S Premium Club manager Amanda Newman, commented: “Premium Club offers our credit card holders more of what they want from M&S, with exclusive access to a collection of benefits and rewards with an overall value several times the cost of membership.”