The Apple Watch Series 5, the latest to join the Watch lineup, may not have jaw-dropping discounts from major retailers yet, but reins on deals are starting to loosen as Black Friday draws near. Amazon currently has £10 off the Watch 5, but if that isn't enough incentive, John Lewis is offering a £125 e-gift card with a 40mm Watch 5 (GPS) and Powerbeats Pro wireless earphones bundle.

Keep in mind, the £125 value is for John Lewis rewards members. Non-members receive a £100 gift card instead, but are eligible to apply for a 'My John Lewis' account after purchase and still get the £125 voucher. Sign up for a John Lewis account here.

At £618 for the Watch 5 and Powerbeats bundle, you're not really saving on the individual cost of each device – in fact, you save 95p: the 40mm Watch 5 costs £399 while the Powerbeats cost £219.95, totaling to £618.95. However, the gift card effectively gives you money off any other purchase from John Lewis, presenting an excellent opportunity for those who have started Christmas shopping early.

John Lewis has a dedicated Christmas Gifts page, where you can sort items by prices under £20, under £50 and under £100. The £125 voucher could allow you to pick up multiple gifts if you wish. A couple of tech items we've found are the Ultimate Ears Wonderboom 2 Bluetooth Speakers for £89.99 and the HP Spectre Rechargeable Mouse 700 for £69.95 – either of which you could pick up for free and still have money left over.

The e-gift card offer ends 4 November and can be redeemed on other electronics purchases as well. You will need to go to John Lewis's claim page between 1 December and 31 January to get the offer. After you claim, the e-gift card should be emailed to you within three days and will be valid for up to two years in store or online.

See our review of the Apple Watch 5. We're also separately rounding up the best Apple Watch deals of the month across all models.