ASDA Money Cashback Credit Card review

This card is no longer available, but you can use this page to compare alternatives.

As of December 2019, this card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.

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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%

Representative APR

12 months

0% interest on balance transfers

£0

Account fee

Up to 50 days

Interest-free each billing period

Details

IssuerCreation Financial Services
NetworkMastercard
Representative APR19.9% APR (variable)
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. £5 off when £300 or more spent on foreign currency from ASDA Travel Money until 31.12.19. 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%

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

Most credit cards that are billed as “cashback cards” actually earn you account credit, rather than cash. With Asda, cashback means vouchers to be redeemed at Asda. Although that might seem a bit cheeky, since this card is most popular with Asda shoppers, it’s unlikely to ruffle any feathers.

With the card’s best cashback rates and rewards limited to Asda purchases, if it’s your supermarket of choice this card is 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. Plus, if you clear your balance in full each month, you’ve got a grace period of up to 50 days of 0% interest on purchases each billing cycle.

So use this card correctly, and it needn’t cost you a penny… but it could earn you quite a few.

How does this deal compare with other rewards cards?

Table: sorted by representative APR, promoted deals first
Name Product Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Representative APR Incentive Link
M&S Bank Rewards Offer Mastercard
N/A
2 points per £1 spent
1 point per £5 spent
£0
19.9% APR (variable)
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 for 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).
Check eligibility
M&S Bank Shopping Plus Credit Card
N/A
1 point per £1 spent
1 point per £5 spent
£0
21.9% APR (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for 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 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
M&S Bank Transfer Plus Offer Mastercard
N/A
1 point per £1 spent
1 point per £5 spent
£0
21.9% APR (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for 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 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
Santander All in One Credit Card
N/A
0.5% cashback
0.5% cashback
£3 per month
23.7% APR (variable)
0.5% cashback after £1 of monthly spend. Cashback paid monthly into card account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a. with a fee of £3 per month, your representative rate is 23.7% APR (variable).
Check eligibility
American Express Platinum Cashback Everyday Card
£100
1% cashback
1% cashback
£0
24.5% APR (variable)
New Cardmember offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership. Spend £0 to £10,000 and receive 0.5% cashback on all purchases. Spend over £10,000 and receive 1% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a., your representative rate is 24.5% APR (variable).
Go to site
American Express Rewards Credit Card
10,000 points
1 point per £1 spent
1 point per £1 spent
£0
24.5% APR (variable)
As a new Cardmember, earn 10,000 Membership Rewards® points when you spend £2,000 in your first 3 months of Cardmembership. Earn 1 point for every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a., your representative rate is 24.5% APR (variable).
Check eligibility
British Airways American Express Card
10,000 points
1 point per £1 spent
1 point per £1 spent
£0
24.5% APR (variable)
Limited time offer: Earn 10,000 bonus Avios when you spend £1,000 in your first 3 months. Earn 1 Avios for virtually every £1 spent. Spend £12,000 annually and get a travel companion voucher when redeeming Avios for a BA reward flight.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a., your representative rate is 24.5% APR (variable).
Go to site
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Approval for any credit card will depend on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

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

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.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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4 Comments

    Default Gravatar
    Kori
    November 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

      Avatarfinder Customer Care
      Joshua
      November 19, 2018

      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

    Default Gravatar
    Chelsea
    October 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?

      Avatarfinder Customer Care
      Charisse
      October 2, 2018

      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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