Asda Money Credit Card review

The Asda Money Credit Card is issued on the Visa network (used by a whopping 4.2 billion cards), so you'll be able to use it at more than 100 million merchant locations across more than 200 countries and territories.

What is Asda Money?

As one of the largest supermarket chains in the UK, Asda is a household name when it comes to your weekly shop, but its credit products probably are not the first to come to mind when you’re considering a new credit card.

Asda Money is the trading name of Asda’s financial services, which includes insurance, credit cards, loans and travel money.

Features of the Asda Money Credit Card

Asda’s new credit card is provided by Jaja Finance, a UK-based credit card provider regulated by the Financial Conduct Authority (FCA). Issued on the Visa network, the Asda Money Credit Card is accepted in over 200 countries and territories worldwide.

• App. With the Asda Money Credit Card app, you can manage your account, set up your direct debit and monitor your spending.
• Rewards. With the Asda Rewards app, you can transfer your rewards to your “Cashpot”, where you can redeem your money-off voucher.
• Visa credit card. Issued on the Visa network, the Asda Money Credit Card can be accepted in over 200 countries and territories worldwide.

How do Asda Pounds work?

Similar to cashback, every time you make an eligible purchase on your credit card, you will get rewarded through Asda’s loyalty programme – Asda Rewards.

Once you have started to earn Asda Pounds, you can start spending them by transferring them to your “Cashpot” and converting it into an Asda voucher that can be redeemed at the checkout. Bear in mind that you are limited to spending your cashback at Asda stores, which can be great if you want to save some money on your weekly shop.

To access your Asda Pounds, you’ll need to download the free Asda Rewards app and link it with your credit card.

To make the most out of your credit card, you will need to spend responsibly and make sure you repay your debts in full and in a timely manner.

How does it compare?

Asda Money's card

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Name	Product	Finder score	Finder score	Max. intro bonus	Earn-rate with brand	Default earn-rate	Annual/monthly fees	Representative APR	Link	Incentive	Representative example
Asda Money Credit Card Asda Money Credit Card		4.0 ★★★★★	★★★★★ Expert analysis	£20	1% cashback	0.3% cashback	£0	27.9% APR (variable)	Read review	Earn £20 Asda Pounds when you spend £50 and set up a direct debit in the first 60 days by 13 May 2024. Terms apply.	Representative example: When you spend £1,200 at a purchase rate of 27.9% (variable) p.a., your representative rate is 27.9% APR (variable).	Compare	loading Fetching your data...

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Name	Product	Finder score	Finder score	Max. intro bonus	Earn-rate with brand	Default earn-rate	Annual/monthly fees	Representative APR	Link	Incentive	Representative example
M&S Bank Credit Card Purchase Plus Offer Mastercard M&S Bank Credit Card Purchase Plus Offer Mastercard		4.5 ★★★★★	★★★★★ Expert analysis	N/A	1 point per £1 spent	1 point per £1 spent	£0	24.9% APR (variable)	Check eligibility Read review	1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.	Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).	Compare	loading Fetching your data...
M&S Bank Credit Card Transfer Plus Offer Mastercard M&S Bank Credit Card Transfer Plus Offer Mastercard		4.0 ★★★★★	★★★★★ Expert analysis	N/A	1 point per £1 spent	1 point per £5 spent	£0	24.9% APR (variable)	Check eligibility Read review	1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.	Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).	Compare	loading Fetching your data...
Santander All in One Credit Card Santander All in One Credit Card		4.5 ★★★★★	★★★★★ Expert analysis	N/A	0.5% cashback	0.5% cashback	£3 per month	29.8% APR (variable)	Check eligibility Read review	0.5% after £1 of monthly spend. Maximum of £10 cashback paid per month. 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 23.9% (variable) p.a. with a fee of £3 per month, your representative rate is 29.8% APR (variable).	Compare	loading Fetching your data...
Amex® Cashback Everyday Credit Card Amex® Cashback Everyday Credit Card Finder Award		4.0 ★★★★★	★★★★★ Expert analysis	£100	1% cashback	1% cashback	£0	31% APR (variable)	Check eligibility Read review	Welcome offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status.	Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).	Compare	loading Fetching your data...
Royal Bank of Scotland Reward Credit Card Royal Bank of Scotland Reward Credit Card		3.5 ★★★★★	★★★★★ Expert analysis	N/A	1 point per £1 spent	1 point per £4 spent	£24 per annum. Reward Current Account holders: £0 per annum	31% APR (variable)	Go to site Read review	Earn 1% back at supermarkets and 0.25% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.	Representative example: When you spend £1,200 at a purchase rate of 25.9% (variable) p.a. with a fee of £24 per annum. Reward Current Account holders: £0 per annum, your representative rate is 31% APR (variable).	Compare	loading Fetching your data...
British Airways American Express® Credit Card British Airways American Express® Credit Card Finder Award		4.0 ★★★★★	★★★★★ Expert analysis	5,000 points	1 point per £1 spent	1 point per £1 spent	£0	31% APR (variable)	Check eligibility Read review	Earn 5,000 points when you spend £1,000 within 3 months of account opening. Terms apply. UK 18+, subject to status. Earn 1 Avios for virtually every £1 spent.	Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).	Compare	loading Fetching your data...
NatWest Reward Credit Card NatWest Reward Credit Card		3.5 ★★★★★	★★★★★ Expert analysis	N/A	1 point per £1 spent	1 point per £4 spent	£24 per annum. Reward Current Account holders: £0 per annum	31% APR (variable)	Go to site Read review	You'll earn 1% back at supermarkets and 0.25% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.	Representative example: When you spend £1,200 at a purchase rate of 25.9% (variable) p.a. with a fee of £24 per annum. Reward Current Account holders: £0 per annum, your representative rate is 31% APR (variable).	Compare	loading Fetching your data...
American Express® Rewards Credit Card American Express® Rewards Credit Card Finder Award		4.0 ★★★★★	★★★★★ Expert analysis	10,000 points	1 point per £1 spent	1 point per £1 spent	£0	31% APR (variable)	Check eligibility Read review	Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn up to 90,000 bonus points per year through refer a friend, 4,000 points awarded for every friend approved. 1 point = 0.45p (min 1,000 points) to shop, other rewards have differing conversions.	Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).	Compare	loading Fetching your data...
Amex® Cashback Credit Card Amex® Cashback Credit Card Finder Award		3.5 ★★★★★	★★★★★ Expert analysis	£125	1.25% cashback	1.25% cashback	£25 per annum	36.7% APR (variable)	Check eligibility Read review	Welcome offer: Get 5% cashback on your purchases (up to £125) for the first 3 months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.75% cashback on all purchases. Spend over £10,000 and receive 1.25% cashback on purchases.	Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a. with a fee of £25 per annum, your representative rate is 36.7% APR (variable).	Compare	loading Fetching your data...
American Express® Nectar Credit Card American Express® Nectar Credit Card Finder Award		4.0 ★★★★★	★★★★★ Expert analysis	20,000 points	3 points per £1 spent	2 points per £1 spent	Year 1 - £0, Year 2 onwards - £30 per annum	37.8% APR (variable)	Check eligibility Read review	New welcome offer: Earn 20,000 bonus Nectar points when you spend £2,000 in your first 3 months. Earn a minimum of 3 Nectar points for virtually every £1 spent at Nectar partners, and 2 Nectar points for virtually every £1 spent elsewhere.	Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 37.8% APR (variable).	Compare	loading Fetching your data...
NatWest Reward Black Credit Card NatWest Reward Black Credit Card		4.0 ★★★★★	★★★★★ Expert analysis	N/A	1 point per £1 spent	1 point per £2 spent	£84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum	40.7% APR (variable)	Go to site Read review	You'll earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.	Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: Year 2 onwards - £0 per annum, your representative rate is 40.7% APR (variable).	Compare	loading Fetching your data...
Royal Bank of Scotland Reward Black Credit Card Royal Bank of Scotland Reward Black Credit Card		4.0 ★★★★★	★★★★★ Expert analysis	N/A	1 point per £1 spent	1 point per £2 spent	£84 per annum. Reward Black Current Account holders: £0 per annum	40.7% APR (variable)	Go to site Read review	Earn 1% back at supermarkets and 0.5% back everywhere else, including supermarket petrol stations. At selected retailers, you could earn 1-15% back.	Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £84 per annum. Reward Black Current Account holders: £0 per annum, your representative rate is 40.7% APR (variable).	Compare	loading Fetching your data...
The Marriott Bonvoy American Express Card The Marriott Bonvoy American Express Card Finder Award		4.0 ★★★★★	★★★★★ Expert analysis	20,000 points	6 points per £1 spent	2 points per £1 spent	£95 per annum	54.8% APR (variable)	Check eligibility Read review	Earn 20,000 bonus Marriott Bonvoy ® points when you spend £3,000 in the first 3 months of Cardmembership. 18+, subject to status. Terms apply.	Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a. with a fee of £95 per annum, your representative rate is 54.8% APR (variable).	Compare	loading Fetching your data...
Yonder Credit Card (only for London residents) Yonder Credit Card (only for London residents) Finder Award		4.5 ★★★★★	★★★★★ Expert analysis	10,000 points	25 points per £1 spent	5 points per £1 spent	1 month for £0, £15 per month thereafter	66.7% APR (variable)	Go to site Read review	First month free for new members, £15 p/m thereafter. Plus, 10,000 bonus points. Earn 5 points per £1 spent and up to 25 points per £1 at selected partners. Membership includes worldwide travel insurance and no FX fees.	Representative example: When you spend £1,200 at a purchase rate of 29.94% (variable) p.a. with a fee of £15 per month, your representative rate is 66.7% APR (variable).	Compare	loading Fetching your data...
American Express® Preferred Rewards Gold Credit Card American Express® Preferred Rewards Gold Credit Card Finder Award		4.0 ★★★★★	★★★★★ Expert analysis	20,000 points	3 points per £1 spent	1 point per £1 spent	Year 1 - £0, Year 2 onwards - £195 per annum	88.8% APR (variable)	Check eligibility Read review	New Cardmembers earn 20,000 Membership Rewards® Points when you spend £3,000 in the first 3 months of Cardmembership. T&Cs Apply. UK 18+, subject to status. Get 20% cashback at 1,000+ restaurants until 19 May 2024.	Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £195 per annum, your representative rate is 88.8% APR (variable).	Compare	loading Fetching your data...
British Airways American Express® Premium Plus Card British Airways American Express® Premium Plus Card Finder Award		4.0 ★★★★★	★★★★★ Expert analysis	25,000 points	3 points per £1 spent	1.5 points per £1 spent	£300 per annum	139.9% APR (variable)	Check eligibility Read review	Welcome offer: Earn 25,000 bonus Avios when you spend £3,000 in your first 3 months of Cardmembership. Terms apply. 18+, subject to status. New Cardmembers only.	Representative example: When you spend £1,200 at a purchase rate of 31.0% (variable) p.a. with a fee of £300 per annum, your representative rate is 139.9% APR (variable).	Compare	loading Fetching your data...
The Platinum Card® by American Express The Platinum Card® by American Express Finder Award		4.0 ★★★★★	★★★★★ Expert analysis	40,000 points	2 points per £1 spent	1 point per £1 spent	£650 per annum	704.6% APR (variable)	Check eligibility Read review	New Cardmembers earn 40,000 Membership Rewards® Points when you spend £6,000 in the first 3 months of Cardmembership. T&Cs Apply. UK 18+, subject to status.	Representative example: When you spend £1,200 at a purchase rate of 31.0% (variable) p.a. with a fee of £650 per annum, your representative rate is 704.6% APR (variable).	Compare	loading Fetching your data...
Pulse Card Mastercard (existing NewDay customers only) Pulse Card Mastercard (existing NewDay customers only)		3.0 ★★★★★	★★★★★ Expert analysis	N/A	0.25% cashback	0.25% cashback	£0	APR (variable)	Read review	Get 0.25% cashback every time you shop, up to a maximum of £150 cashback per year	If you are a current NewDay customer and have been invited to transfer to a Pulse Card, your interest rate and credit limit will remain the same.	Compare	loading Fetching your data...
Tesco Bank Low APR Clubcard Credit Card Tesco Bank Low APR Clubcard Credit Card Finder Award		5.0 ★★★★★	★★★★★ Expert analysis	N/A	1.25 points per £1 spent	1 point per £8 spent	£0	10.9% APR (variable)	Read review	5 points per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.	Representative example: When you spend £1,200 at a purchase rate of 10.941% (variable) p.a., your representative rate is 10.9% APR (variable).	Compare	loading Fetching your data...
MBNA Limited Platinum Visa MBNA Limited Platinum Visa		3.5 ★★★★★	★★★★★ Expert analysis	N/A	0.25% cashback	0.25% cashback	£0	13.9% APR (variable)	Read review	0.25% after £1 of yearly spend. Cashback paid January into Card Account. Earn 0.25% cashback on purchases within the first 36 months of account opening. Maximum spend for cashback purposes is limited to credit limit.	Representative example: When you spend £1,200 at a purchase rate of 13.94% (variable) p.a., your representative rate is 13.9% APR (variable).	Compare	loading Fetching your data...

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Approval for any credit card depends 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. Most of the data in Finder's comparison tables is provided by Moneyfacts.

Repayment options

You can make manual repayments through Asda Money's app by logging in to your online banking or over the phone (0800 783 5881). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) 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:

How to apply for the Asda Money Credit Card

If you've compared cards and settled on the Asda Money Credit Card, completing the secure online application form takes about 15 minutes. 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.

Bottom line

The new Asda Money Credit Card is a great option for frequent Asda shoppers, offering cashback on your everyday spending both with the brand and elsewhere; given that you’re okay with spending your rewards via money-off vouchers at Asda. With fairly average representative interest rates and no annual fee, this credit card could be a good supermarket companion – as long as you repay your debts in full.

Frequently asked questions

• Is the Asda Money Credit Card a physical card?

  Yes, if approved, you will recieve a physical credit card in the post and access to the virtual card on the Asda Money app.

• What credit limit will I get with the Asda Money Credit Card?

  If Asda Money is able to offer you this deal, the offer will specify a personalised credit limit based on Asda Money’s assessment of your situation. The minimum limit offered on the card is £250, while the maximum is £5,000. Once you’ve had the card for a while and shown Asda Money that you’re reliable, you may wish to apply for a credit limit increase.

• Can I withdraw cash using the Asda Money Credit Card?

  Although it’s possible, withdrawing cash from a credit card account is generally not a good idea, as “cash-like transactions” (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

  The cash advance fee on the Asda Money Credit Card is 3% (min. £3).

  The interest rate on this part of your balance will be 39.9%, which is 52% more than the standard purchase rate (chargeable from the day of the transaction – the card’s usual “up to 56 days interest-free” grace period won’t apply).

• How much does it cost to use the Asda Money Credit Card abroad?

  Non-sterling transactions are subject to a charge (which is very standard). For example, if you spend 200 euros (£173.36), it’ll cost you around £5.18 in fees.