Compare Asda Money credit cards

Asda credit cards are provided by Creation Financial Services, part of the BNP Paribas global banking group. The cards are issued on the Mastercard network, meaning they can be used at more than 35 million outlets worldwide.

Asda’s straightforward range of cards is rewards-focused, but take note that Asda’s definition of “cashback” is a little misleading; rewards are actually paid in the form of vouchers to be spent in Asda stores.

Comparison of cashback credit cards

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Name	Product	Max. intro bonus	Default earn-rate	Annual/monthly fees	Rep. APR		Incentive	Representative example
American Express Platinum Cashback Everyday Card		£100	1%	£0	22.9% (variable)	Go to site More Info	5% on £1 to £2000 of yearly spend for introductory period of 3 months. 0.5% on £1 to £5000 of yearly spend. 1% after £5001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback in the first 3 months (max £100). Must spend £3K annually to earn cashback.	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).	Compare	loading Fetching your data...
American Express Platinum Cashback Card		£125	1.25%	£25 per annum	28.2% (variable)	Go to site More Info	5% on £1 to £2500 of yearly spend for introductory period of 3 months. 1% on £1 to £10000 of yearly spend. 1.25% after £10001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback (max £125).	Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £25 per annum, your representative rate is 28.2% APR (variable).	Compare	loading Fetching your data...
AIB Visa/Mastercard Option 1		£25	0.5%	£0	18.9% (variable)	More Info	0.5% after £5000 of yearly spend. Minimum of 12 transactions per year required. Maximum of £250 cashback paid per year. Cashback paid Anniversary into Card Account. For initial £5K a £25 cashback is paid, plus an additional £1 for every further £200 spent.	Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).	Compare	loading Fetching your data...
smile Classic Credit Card Visa		N/A	0.25%	£0	19.9% (variable)	More Info	0.25% after £1 of monthly spend. Cashback paid Monthly into Card Account.	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).	Compare	loading Fetching your data...
Santander All in One Credit Card Mastercard		N/A	0.5%	£3 per month	21.7% (variable)	More Info	0.5% 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 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).	Compare	loading Fetching your data...
Barclaycard Rewards Visa		0.5% of all spend in first 3 months	0.25%	£0	22.9% (variable)	More Info	0.25% after £1 of yearly 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 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).	Compare	loading Fetching your data...
Vitality American Express Credit Card		N/A	1%	£0	36.7% (variable)		0.5% on £1 to £5000 of yearly spend. 1% after £5001 of yearly spend. Cashback paid Anniversary into Card Account. Must spend £3K annually to earn cashback. Earn between 0-2% additional cashback on first £1K spend each month. Cashback booster rate is based on number of eligible Vitality products held and monthly activity points earned two months prior.	Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 36.7% APR (variable).	Compare	loading Fetching your data...
Santander World Elite Mastercard		N/A	0.5%	£15 per month	49.8% (variable)	More Info	0.5% on £1 to £3000 of monthly spend. Maximum of £15 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 18.9% (variable) p.a. with a fee of £15 per month, your representative rate is 49.8% APR (variable).	Compare	loading Fetching your data...

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As the third-largest supermarket group in the UK, Asda is a familiar name. It’s stores are visited by tens of millions of shoppers every week, but Asda is less well-known for its popular range of credit cards that come with cashback rewards when used in-store.

As you’d expect, the earn-rate on Asda cards is better when you’re using your card in-store, but you can still earn when you use your card elsewhere. You can choose a card with no monthly fee or, for a small charge, one which offers a higher rate of cashback rewards for every pound spent. You can quickly estimate how much you’d earn using Asda’s cashback calculator.

Is the cashback worth it?

Whether or not an Asda credit card is right for you is likely to come down to how you would use the card. You’ll want to weigh up the potential costs (like interest on an outstanding balance and a regular fee, if there is one) with the amount you could earn in cashback.

Cashback calculator

What types of credit card are available from Asda Money?

Asda Money offers a straightforward range of card types for its customers, whether you’re looking to build up your credit record, or have an established credit history.

You can do a quick eligibility check for each one without affecting your credit score, so you’ll know in advance whether or not it’s worth applying. You can get an instant decision on an application for any of Asda Money’s three credit cards, all of which reward you while you spend (especially if you spend at Asda, unsurprisingly).

• Rewards cards

  Asda’s Reward credit cards give you cashback on all your spending, and you earn this at a higher rate for purchases at Asda stores than any made elsewhere. For a small monthly fee, its Cashback Plus card doubles the amount of rewards earned on each purchase.
  Learn more about rewards credit cards

• Credit builder cards

  The supermarket’s Cashback Start credit card is specifically designed for those who have a poor or limited credit history, but want to build up their credit score while they spend. Expect lower initial credit limits and higher rates, but with no annual fee and the opportunity to earn cashback.
  Learn more about credit builder credit cards

Other benefits of Asda credit cards

• Award-winning products The Asda credit card has been recognised as one of the best on offer by the annual Payments Awards, which recognise excellence and innovation in the sector.
• Online account management. You can set up an account to manage your card online.
• Enhanced benefits. Cashback is boosted to 10% if you use an Asda credit card to buy other insurance, for example for your car, home or contents, through Asda Money.
• No annual fee. You won’t be charged an annual fee for Asda Money’s Cashback or Cashback Start card.

Applying for an Asda credit card

You can apply for an Asda credit card online or by phone. Asda’s site allows would-be applicants to request a ‘soft search’ to find out their likelihood of being accepted for their chosen card, without affecting their credit score.

Eligibility

To be considered for an Asda credit card, you’ll need to meet the following eligibility criteria:

• UK resident.
• Over 18.
• You must provide a mobile or home telephone number.
• You must hold a good credit rating without a history of County Court Judgment or bankruptcy.
• You must hold a UK-based bank or building society account.
• You must ensure that you can meet the repayments as missed payments incur a charge and could have severe consequences on your ability to obtain future credit.

The good news is that Asda states “Students or retired applicants are welcome”.

Why might you not be approved?

Generally, if you meet the eligibility requirements, but have a history of bad debt, including CCJs, IVAs or bankruptcies, your application may be rejected.

Frequently asked questions

• How will I know how much I owe on my account?

  You can keep track of your account online, and can also opt to receive monthly paper statements. Both of these will show the transactions made on your card, and the date when the next monthly payment is due.

• What is the minimum monthly payment I should expect to have to make?
  

  You will be expected to pay either 1% of the total amount outstanding (including any outstanding interest, charges and fees) or £5, whichever is the greater.

• What information will I need to supply with my application, and how long will it take?
  

  You’ll need proof of your address for the last three years, details of your bank or building society account, and your employer’s details. You will get an instant decision, both for the eligibility check and the full application.

• Can I use the card for online purchases?

  Yes – just check the payment options on the website concerned, and look out for the Mastercard logo.

• When will I hear a decision about my application?

  You’ll receive a decision from Asda Money regarding both the eligibility check and your full application instantly.

• Where can I use my card?

  As your Asda Money card will be a Mastercard, you’ll be able to use it in over 34 million locations worldwide. If in doubt, look for the Mastercard sign.