ASDA Money Cashback Credit Card Mastercard review April 2019

ASDA Money Cashback Credit Card Mastercard
ASDA Money Cashback Credit Card Mastercard
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This straightforward card lets you earn unlimited rewards on your day-to-day spending – especially when you shop at Asda.

With the card’s best cashback rates and rewards limited to Asda purchases, if it’s your supermarket of choice this card could be worth a closer look. While the cashback rate at non-Asda stores isn’t much to write home about, the good news is that this card has no annual fee – meaning you can use it as much or as little as you please.

Although this card is billed as a “cashback” credit card, the rewards are paid as vouchers to be redeemed at Asda.

IssuerCreation Financial Services
NetworkMastercard
Annual/monthly fees£0
Loyalty schemeVouchers
IncentiveEarn Asda vouchers every time you shop - 1% cashback on all Asda spend, 0.2% on all other transactions and 10% on selected insurance products. Once £2.5 is earnt a voucher can be downloaded to spend in Asda stores.
Additional Rewards InfoNo fees when card is used to buy foreign currency from ASDA Travel Money. 6 months 0% interest on purchases of £200 or more at George.com.
Purchases19.9%
Purchases interest-free period (days)50
Balance transfers0% for 12 months reverting to 19.9%
Annual/monthly fees£0
Balance transfer fee3% (min. £3)
Foreign usage charge (EU)2.99%
Foreign usage charge (rest of world)2.99%
Cash advance fee3% (min. £5)
Late payment fee£12
Duplicate statement fee£3
Exceeding limit fee£12
Additional card fee£0
Dormancy fee£0
Minimum Age18
Minimum income£10,000
AvailabilityAvailable to new customers
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
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How does this card compare with other rewards cards on the market?

Comparison ordered by representative APR with affiliated products shown first.
Updated April 24th, 2019
Name Product Purchases Annual/monthly fees Credit limits Rep. APR Incentive Representative example
9.9%
£0
Min. limit £500, max. limit not specified.
9.9%
Earn 2,500 bonus Membership Rewards points when you spend £1,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
0% for 6 months reverting to 19.9%
£0
Min. limit £500, max. limit not specified.
19.9%
Double points on spend in M&S for first 12 months (2 points per £1). Then earn 1 point for every £1 spent at Marks and Spencer's and 1 point or every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
19.9%
£0
Min. limit £100, max. limit not specified.
19.9%
Earn Asda vouchers every time you shop - 1% cashback on all Asda spend, 0.2% on all other transactions and 10% on selected insurance products. Once £2.5 is earnt a voucher can be downloaded to spend in Asda stores.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
22.9%
£0
Min. limit £500, max. limit not specified.
22.9%
Earn 5,000 bonus Membership Rewards points when you spend £2,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
0% for 18 months reverting to 22.9%
£0
Min. limit £500, max. limit not specified.
22.9%
Earn 1 Membership Rewards® point for every £1 spent.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
19.9%
£3 per month
Min. limit £100, max. limit not specified.
26.2%
Earn Asda vouchers every time you shop - 2% cashback on all Asda spend, 0.2% on all other transactions and 10% on selected insurance products. Once £2.5 is earnt a voucher can be downloaded to spend in Asda stores.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a. with a fee of £3 per month, your representative rate is 26.2% APR (variable).
34.9%
£0
Min. limit £100, max. limit £600.
34.9%
Earn Asda vouchers every time you shop - 1% cashback on all Asda spend, 0.2% on all other transactions. Once £2.5 is earnt a voucher can be downloaded to spend in Asda stores.
Representative example: When you spend £1,200 at a purchase rate of 34.9% (variable) p.a., your representative rate is 34.9% APR (variable).

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Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0371 704 3369), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:
Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the ASDA Money Cashback Credit Card Mastercard

If you’ve been won over by this rewarding card and want to apply, just click on the “Go to site” button and you’ll be taken to a secure application form. This takes about 15 minutes to complete. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.

*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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4 Responses

  1. Default Gravatar
    KoriNovember 6, 2018

    Hi,

    My questions would be, is there only one type of currency travel card or more? I understand that once a year needs to be used but what if won’t be, can you please send information regarding to the fees?

    Thanks,
    Kori

    • finder Customer Care
      JoshuaNovember 19, 2018Staff

      Hi Kori,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      If you’re referring to ASDA, they offer Asda Money Currency Card. As I checked their website, I couldn’t find other types of travel card that they offer.

      Yes, it is true that you would need to use or reload your currency card at least once every 12 months. Failure to do so would incur a monthly inactivity fee on any remaining balance. The fee is £2.00 or $3.50.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    ChelseaOctober 1, 2018

    when credit cards say your spend each month is £250-£1200 does that mean I would have to spend over £250 each month?

    • finder Customer Care
      CharisseOctober 2, 2018Staff

      Hi Chelsea,

      Thanks for reaching out to finder.

      Generally, credit cards will require a minimum or maximum spend in a given time frame if they offer a sign-up bonus or if they have a particular rewards program/scheme. In these cases, the cardholder needs to charge a certain amount to his credit card to meet the minimum/maximum spending requirement and qualify for the sign-up bonus or rewards program.

      Unless you are aiming to qualify for any credit card rewards program or sign up bonus, it’s up to you to decide how much you would like to spend using your credit card.

      I hope this helps.

      Cheers,
      Charisse

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