Asda Money Cashback Plus Credit Card Mastercard Review

A supermarket credit card with generous reward points for frequent shoppers.

Last updated:

  • Must read: Cashback Plus Credit Card by ASDA Money discontinued

As of June 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 browse the range of credit cards currently available from Asda Money and to compare similar cards from other issuers.

The Asda Money Cashback Plus Credit Card is the highest-earning reward card from Asda – a perk which is offset by a small monthly fee. There’s also an introductory balance transfer offer available on the card, so if you carry an outstanding balance on another card, you could bring it across to Asda and potentially save money on interest.

Although this card is billed as a “cashback” credit card, the rewards are paid as vouchers to be redeemed at Asda. That means that if you’re a regular at Asda, this card could be worth considering – you’ll need to weigh up how much you’d benefit from rewards against the monthly fee.

Key details

IssuerCreation Financial Services
NetworkMastercard
Rep. APR26.2% (variable)
Annual/monthly fees£3 per month
Loyalty schemeVouchers
IncentiveEarn 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.
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 15 months reverting to 19.9%
Annual/monthly fees£3 per month
Minimum monthly payment1% or £5 (whichever is greater)
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. with a fee of £3 per month, your representative rate is 26.2% APR (variable).

Compare Asda credit cards

Table: sorted by representative APR, promoted deals first
Updated February 17th, 2020
Name Product Purchases Annual/monthly fees Credit limits Rep. APR Incentive Representative example
No items match the given criteria.

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How does this card compare with other rewards cards on the market?

Table: sorted by representative APR, promoted deals first
Updated February 17th, 2020
Name Product Purchases Annual/monthly fees Credit limits Rep. APR Incentive Representative example
M&S Bank Reward Plus Mastercard
0% for 6 months reverting to 19.9%
£0
Min. limit £500, max. limit not specified.
19.9% (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).
American Express Rewards Credit Card
22.9%
£0
Min. limit £500, max. limit not specified.
22.9% (variable)
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).

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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 Plus 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.

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