What's in this guide?
- Compare Asda credit cards
- Comparison of cashback credit cards
- How do Asda credit cards work?
- Is the cashback worth it?
- What types of credit card are available from Asda Money?
- Other benefits of Asda credit cards
- Applying for an Asda credit card
- Asda Money credit card customer reviews
- Frequently asked questions
Comparison of cashback credit cards
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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.
How do Asda credit cards work?
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.
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.
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).
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.
To be considered for an Asda credit card, you’ll need to meet the following eligibility criteria:
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.
Asda Money credit card customer reviews
Asda Money currently has “poor” overall reviews from customers, according to review platform Trustpilot. It has a rating of 1.8 out of 5, based on more than 60 reviews (updated 15 March 2021). Some customers reported issues with receiving their cashback vouchers, and problems accessing their online account.
Frequently asked questions
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