As the third-largest supermarket group in the UK, ASDA is a familiar name, whose stores are visited by tens of millions of shoppers every week. Its small but popular range of credit cards come with cashback rewards when used in-store.
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, with rewards actually paid in the form of vouchers to be spent in Asda stores.
As you’d expect, the earn-rate on these 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.
Compare Asda credit cards
Although it has strong northern roots, Asda is today part of the American Wal-Mart group, and has grown into the UK’s second-biggest supermarket chain. Currently, it’s in the middle of a high-profile merger attempt with Sainsbury’s.
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.
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 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 one of its 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 cardsCredit 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. Asda has also teamed up with Noddle, so that you can have constant visibility of your credit score as it grows.
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.
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 the 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
The NatWest Balance Transfer Credit Card (existing customers)
Balance transfers:
0% for 23 months reverting to 19.9%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).
M&S Bank Shopping Plus Mastercard
Balance transfers:
0% for 20 months reverting to 19.9%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).
ASDA Money Cashback Credit Card
Balance transfers:
0% for 12 months reverting to 19.9%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).
The Royal Bank Balance Transfer Credit Card (existing customers)
Balance transfers:
0% for 23 months reverting to 19.9%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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