Asda Credit Cards: What You Need to Know Before Applying

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If you are looking for a credit card with a generous reward system and cashback feature, the Asda Credit Cards are your best bet. The Cashback card lets you earn 1% cashback for using the card at Asda supermarket and other affiliate merchants. The cashback will come as vouchers, which are redeemable.

Aside from value with cashback, cardholders can also improve credit rating using the card. The Cashback Start Credit Card never lets you go over your limit each month, which makes settling balances easier.

Interested in getting your hands on these cards? Read on to know more about the requirements, fees, and perks that come with the Asda Credit Cards. This article will highlight the pros and cons of the cards, as well as the complete contact details for customer support and other concerns.

Features & Benefits of Asda Credit Cards

Cashback credit cards are super value cards that can give back a portion of your money every time you use the card for different transactions. The Asda Cashback Credit Card is worth your consideration, especially if you are a high spender. Earn 1% cashback for purchases in all Asda supermarkets and fuel and 10% for Asda insurance products.

Aside from the cashback perks, cardholders can also enjoy a handful of benefits, like earning £5 discount for Travel Money at Asda stores. In addition, this credit card also has no annual fee, which can help you save on charges on top of your bill each month.

The Cashback Start Credit Card also gives you 1% in cashback unlimited. While it also has no annual fees, it stands in close comparison to the Cashback card.

If you are getting a credit card for the first time, know that Asda credit cards can help you build your credit rating. As long as you pay your balances on time and stay within your limit, your rating will be good. This is also possible with Asda’s low interest on purchases and balance transfers.

Asda Credit Card Cons

One of the weaknesses of this credit card is the low cashback for non-Asda purchases. You can only get 0.2% cashback for regular transactions. This is definitely low compared to other credit cards. In addition, cashback comes in the form of a voucher, which could be cash or gift cards. The Start Card also has a pretty hefty representative rate of 34.9%.

Asda Credit Card Offers

Because this credit card is powered by Mastercard, cardholders can enjoy worldwide payment acceptance in 52 countries. In addition, cardholders can get exclusive merchant discounts for as high as 25% off. Mastercard also provides holiday and travel perks including 10% off on car rental, access to lounges, and more.

The highlight of the Asda Credit Card is the cashback feature of 1 per cent every time you use the card at Asda supermarkets. For non-Asda transactions, you can still get 0.2 per cent cashback that can be redeemed for a voucher.

Asda Credit Card & Balance Transfers

If you have an existing credit card balance from another bank, transferring it to the Asda credit card will not be a problem. However, there are fees associated with balance transfers, which can be found at the APR & Charges section. Asda Money only charges a minimum amount for every transaction and note that late payment fee still applies to unpaid balances each month.

Asda Credit Card Eligibility

Take advantage of the Eligibility Checker found on the website of Asda Money. You will be asked personal, employment, and financial details to see if you qualify as a cardholder.

Basic requirements include being 18 years old, employed, and earning a minimum of £10,000 a year and not claiming unemployment benefits. In addition, applicants should not have any existing Country Court Judgments or Court Decrees.

Asda Credit Card Application

To apply for the Asda Credit Card, you can visit the Asda website, choose a specific card, and click on the Check Eligibility button to get started with the application. You will be asked to provide your personal information, such as complete name, email address, date of birth, contact details, residential status, and employment details.

You can also apply through phone, but calls charge a basic rate. Dial 0371 402 8914 to connect with a representative and begin your application. Note that calls are recorded.

Asda Credit Card Activation

There are two easy ways to activate your credit card. You may reach Asda Money through the customer support hotline found on the activation sticker. For online banking, you can log in to your account and simply follow the instructions found on the portal.

Asda Credit Card Limit

The minimum amount of credit issued by Asda Money is £100. Note that the maximum credit limit is subject to status. Factors that may contribute to the credit limit includes your annual income, capacity to pay and credit score. If you are employed and earning more than £10,000 a year, your chances of getting higher credit limit are high.

Asda Credit Card APR & Charges

  • Annual Fee – £0
  • Representative Variable APR – 19.9% the Cashback card; 34.9% for the Cashback Start card
  • Balance Transfer Rate – 19.9% for the Cashback card (0% first 12 months); 34.9% for the Cashback Start card
  • Cash Handling Fee – 3% or £5
  • Foreign Currency Conversion Fee – 2.99%
  • Late Payment Fee – £12
  • Overlimit Fee – £12

Asda Credit Card App & Online Banking

Keeping track of your credit card transactions is easier with the online account management service. Asda Money has an online portal to help cardholders manage the card wherever they are. This can be accessed on the website of Asda Money.

To register, you need to provide the card number, your date of birth and postcode. You also need to supply a password to access the account. Once you are already registered, you can visit the website of Asda Money, key in your login details, and access your account.

Already an Asda Credit Card Customer? 

Below is some additional information on how you can better manage your credit card.

Asda Bank Address & Contact Detail

Having troubles with your credit card? Dial the Customer Contact Team at 0371 402 8914 for urgent concerns and further information. You may call this hotline Mondays to Sundays 8:30 AM to 8 PM for weekdays, and 10 AM to 4 PM on weekends and holidays.

The Asda Money Head Office Address is at Asda House, Great Wilson Street, Leeds, United Kingdom. They are open during weekdays, working hours 9 AM to 5 PM.

Asda Credit Card Payment Options

To settle your credit card balances, you can use direct debit card deductions, cheques, the Online Account Manager, payment centres, and telephone banking. For cheque payments, allow at least 14 working days to reach your account. Also note that Asda Money doesn’t accept credit card payments, in case you have a card from another bank.

Minimum payment information: You must pay 1% of the Principal amount you owe and any other outstanding interest or charges (or £5, whatever is greater).

How to Cancel an Asda Credit Card

If you don’t find satisfaction in using the Asda Credit Cards, you can discontinue or cancel your account by dialling 0371 402 8914. Calls may be recorded and charged a basic rate.

Conclusion

Having Asda Credit Cards can give you a myriad of perks, including cashback with no required amount for spending. The Cashback Start card is perfect for first-time cardholders who are looking to build their credit score.

More than the credit score builder feature, you can also save money from minimum and low interest rates for purchases made in the UK and overseas. Contact Asda Money today for more information.

Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.