Pros and Cons of the Asda Money Cashback Credit Card

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Financially savvy individuals who are looking to gain more rewards should consider looking into the Asda Money Cashback Credit Card. This particular credit card offering provides a wide range of benefits to cardholders. Because of this, this credit card is worth having in your arsenal.

Besides being given unlimited cashback vouchers, cardholders can also get exclusive prices for a limited time. This means that you can earn each time you shop. The best thing is that there are no annual fees, allowing you to enjoy your purchases and rewards without breaking the bank.

Considering this credit card? Take a look at what this credit card has to offer and how you can apply. Below are some guidelines you need to be aware of.

Asda Money Cashback Credit Card Features

Powered by Mastercard, the Asda Money Cash Back Credit Card provides unlimited cashback on all spends. 1% cashback will be rewarded for Asda spends at the online store, Asda physical establishment, Asda Living, partner petrol stations, and George.com. This card can also help you get 10% cashback on select Asda insurance products. Meanwhile, 0.2% cashback will be rewarded for all other purchases.

In addition to the whole host of cashback rewards provided by this card, you can also avail of convenient methods in your application process. You can check your eligibility for this card in just minutes online.

What’s more? The Cashback credit card offers the perk of travel money amounting to £5 off when you purchase in-store or order worth £300 or more.

Customers will also enjoy introductory promotions, such as a 0% balance transfer rate for the first 12 months upon account opening (where a 3% fee still applies), as well as 0% interest for the first 6 months £200J+ George.com purchases. Read on to learn more about this card.

Asda Money Cashback Credit Card APR, Interest Rate & Fees

  • Annual Fee – £0
  • Representative Variable APR – 19.9%
  • Foreign Currency Conversion Fee – 2.99% of the amount
  • Cash Handling Fee – 3% or £5
  • Balance Transfer Fee – 3% or £3 of the amount (whichever is greater)
  • Late Payment Charge – £12
  • Over Limit Fee – £12

Asda Money Cashback Credit Card Pros

The advantage of availing the Asda Money Cashback Credit Card is the exclusive offering of £5 off Travel Money given to cardholders when they buy in-store. This offer only applies when you make £300 or more in purchases. In addition, the bank also provides a selection of rewards which can be availed through Asda and George.com.

And of course, what is perhaps the most valuable pro of this credit card is its unlimited cashback rewards offerings.

Asda Money Cashback Credit Card Cons

While the credit card allows you to earn unlimited cashback, the cashback can only be availed through vouchers. These vouchers can only be redeemed Asda or at George.com, which may be limiting for some cardholders. Moreover, vouchers are only valid for 28 days from the date of creation. Expired vouchers will no longer be honoured.

Asda Money Cashback Credit Card Eligibility

Individuals aged 18 and older may apply for the credit card. Likewise, only applicants living in the UK will be entertained. Prior to application, you may check your eligibility at the free eligibility checker. For initial assessment, you need to provide your financial status, employment and information, as well as other required documents.

Asda Money Cashback Credit Card Application Process

To jumpstart your application, you can click ‘check my eligibility’ on the Asda website then fill out the online application form. Besides personal information, you will be asked to disclose other information, including residential status.

Asda Money Cashback Credit Card Limit

The minimum credit limit starts at £100, while the assumed credit limit is £1,200. Your credit limit will be determined based on your creditworthiness and ability to prove that you can make payments on your card on time, consistently.

Asda Money Address and Contact Information

To course concerns, feedback, and queries, you may reach the bank at 0371-704-3369. You may also set an appointment with the company or write at their head office located at Asda Credit Card, Creation Financial Services, Chadwick House, Blenheim Court, Solihull, B91 2AA.

What Next?

Want to get your hands on this credit card? Head on over to the company website to start your application right away.

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.