Asda shoppers now have the opportunity to earn cashback and many other rewards with the Asda Money Cashback Credit Card. The Asda Money Cashback Credit Card offers unlimited cash back on Asda supermarkets and even on purchases outside of the store.
Cardholders can then use the rewards they get into unlimited cashback vouchers to spend in the store. It’s a great way for you to save a lot of money when shopping at Asda.
To learn more about the Asda Money Cashback Credit Card and if it is the right card for you, check out the article below.
Earning Cashback and Rewards
The Asda Money Cashback Credit Card is a popular card known for its cashback rewards. The card offers an unlimited amount of cashback and is increased significantly when you shop at Asda.
The best part about this is that you also get 12 months of zero interest rate on balance transfers. When you use a credit card at Asda shops, you will get 1% cashback from your total bill.
The more you use the card within the store, the more cashback you will receive. You can also earn 0.2% cashback when you use the card anywhere else.
The cashback rewards are converted into Asda Pounds, which you can redeem as early as next month’s statement.
How to Use Your Rewards
Every time you use the card to earn cash back, you also reward Asda Pounds which makes you eligible for Asda Rewards. Asda Rewards is the rewards program for Asda Money Cashback Credit Card holders.
Once you start earning Asda Pounds, you can either collect them until you reach a certain amount and then redeem them for Asda vouchers. Asda vouchers can then be used in all Asda stores to pay for your items at checkout.
This is a great way to save some money when you’re shopping at Asda. To access your Asda Pounds and redeem your vouchers, you will need to download the Asda Rewards app and make the most out of your rewards.
Manage Your Card With the App
Most credit cards can be very challenging to manage but Asda makes it work with the help of the Asda app. The mobile banking application helps you manage your Asda Money Cashback Credit Card through its features.
You get to access your account, make transfers, check transaction histories, and even help you pay your bills easier. The app features a repayment option so you can make payments with the use of your mobile device.
You can also set up a direct debit which protects you from missing out on payments that can damage your credit score or from incurring late payment fees. There is even a risk of you losing out on promotional rates if you miss out on a single payment.
By setting up a direct debit, you automatically pay your bills even without logging into your account. All you need to do is set it up during your application and it will do the work for you.
Check Out the Interest Rate and Other Fees
Asda Money Cashback Credit Card holders will enjoy a zero percent balance transfer rate for the first 12 months after opening an account. The best part about having this credit card is that it doesn’t have an annual fee.
This means you won’t be dealing with a huge amount of fee at the end of the year even if you haven’t used it for quite some time. Upon application, you are entitled to a variable APR of 19.9% depending on your creditworthiness.
Those who use the credit card outside of the country or want to convert a foreign currency will also incur a 2.99% for foreign currency conversion fee. Late payments will be charged £12 same as the over-limit fee.
Is This the Right Card For You
Now that you have all the information you need, it is time to determine if the Asda Money Cashback Credit Card is the right credit card for you.
Those who often shop at Asda will find this credit card to be very beneficial, especially with the cash back rewards and the Asda Rewards program that provides Asda vouchers.
While you can still shop and use the card at other establishments, you can get the most out of the card when you use it at Asda stores.
It can be limiting for many people but if you are loyal to the Asda brand, you will be rewarded for your loyalty. The card also features no annual fees so if you are looking to save money, you should also consider this credit card.
Comparing With Other Cards
Before you apply for the Asda Money Cashback Credit Card, you also need to learn if there are other cards that you can compare it with. The immediate card that you want to compare it with is the Asda Cashback Plus Card as it doubles the rewards that the Asda Money Cashback Credit Card has in terms of cashback.
The only caveat is that you will need to spend more than £300 just to get more out of the card so if you don’t usually use the card, you might as well stick with the Asda Money Cashback Credit Card.
The Tesco Purchases Card is another card that is often compared with the Asda Money Cashback Credit Card. The Tesco Purchases Credit Card doesn’t stand a chance with the Asda Money Cashback Credit Card with its mediocre 0.25% increase on top of the 1% for Clubcard members of the Tesco loyalty program. Overall, Asda Money Cashback Credit Card offers a more rewarding experience using the card.
Check for Your Eligibility
If you’re planning on getting the Asda Money Cashback Credit Card, you should determine first if you are eligible for the credit card.
Only individuals who are 18 years old and above can apply for the card. Only those who are living in the UK can apply as well as those who have an income within the country. You can also check your eligibility with the use of the free eligibility checker on the website.
The bank will check your financial status, and employment and will require you to present documents that will prove these claims.
For more information, you can call them at 0371-704-3369 or check their main branch at Asda Credit Card, Creation Financial Services, Chadwick House, Blenheim Court, Solihull, B91 2AA.
How to Apply
After taking the eligibility check, you can proceed to apply for the Asda Money Cashback Credit Card if you are eligible for the card.
Click on the Apply option on the official Asda website and fill out the application form. Make sure that you enter the correct information including your address, income, and bank information. Review the terms and conditions before you submit your application.
Once done, you will need to wait for a couple of business days to know if you are approved for the card. It will be sent to you once you receive the notification.
Conclusion
If you’re a regular customer at any Asda store and you want to save money from your purchases or simply want to enjoy earning rewards, the Asda Money Cashback Credit Card is the most suitable card for you.
Disclaimer: All credit products carry risk. Be aware of these risks by reading the associated terms and conditions.