Compare Asda Money credit cards for July 2019

Currently ASDA Money is not accepting new applications. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.

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Asda Money

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.

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 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 rewards cards

Table: sorted by representative APR, promoted deals first
Updated January 17th, 2020
Name Product Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Rep. APR Incentive Representative example
M&S Bank Reward Plus Mastercard
2,500 points
2 points per £1 spent
1 point per £5 spent
£0
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).
M&S Bank Shopping Plus Mastercard
500 points
1 point per £1 spent
1 point per £5 spent
£0
19.9% (variable)
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
5,000 points
1 point per £1 spent
1 point per £1 spent
£0
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).
British Airways American Express Card
5,000 points
1 point per £1 spent
1 point per £1 spent
£0
22.9% (variable)
5,000 Avios when you spend £1,000 within 3 months of account opening. Earn 1 Avios for virtually every £1 spent. Spend £20K in 12 months and get 2 for 1 travel when redeeming Avios for a BA reward flight. Earn up to 90,000 bonus Avios points per calendar year, 4,000 points per friend/family member that successfully applies for an American Express card (Excl. Basic card) and uses the Referral Programme.
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).
American Express Platinum Cashback Everyday Card
£100
1% cashback
1% cashback
£0
22.9% (variable)
5% after £1 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).
The American Express Nectar Credit Card
20,000 points
2 points per £1 spent
2 points per £1 spent
Year 1 - £0, Year 2 onwards - £25 per annum
28.2% (variable)
20,000 Nectar points when you spend £2K within 3 months of account opening. Earn 2 Nectar points for virtually every £1 spent at Nectar partners and elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 28.2% APR (variable).
American Express Platinum Cashback Card
£125
1.25% cashback
1.25% cashback
£25 per annum
28.2% (variable)
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).
The Starwood Preferred Guest Credit Card Amex
30,000 points
6 points per £1 spent
3 points per £1 spent
£75 per annum
39.7% (variable)
Earn 30,000 points when you spend £1K within 3 months of account opening. Earn 3 points for virtually every £1 spent.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £75 per annum, your representative rate is 39.7% APR (variable).
American Express Preferred Rewards Gold Credit Card
10,000 points
2 points per £1 spent
1 point per £1 spent
Year 1 - £0, Year 2 onwards - £140 per annum
57.6% (variable)
Earn 1 point for virtually every £1 spent. 2 points per £1 spent directly with airlines or in a foreign currency or 3 points for every £1 spent through American Express Travel. Earn 10,000 bonus points when you spend £3,000 in your first 3 months. Spend £15,000 or more during the year and earn 10,000 bonus points each year the card is renewed. Earn 6,000 points per friend/family member that successfully applies for the card or 12,000 points if they spend £3,000 in their first 3 months. Two complimentary lounge visits per year, available at over 500 airport lounges worldwide.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with an annual fee of £140 (£0 in first year), your representative APR is 57.6% APR (variable).
British Airways American Express Premium Plus
25,000 points
3 points per £1 spent
1.5 points per £1 spent
£195 per annum
76% (variable)
25,000 Avios when you spend £3K within 3 months of account opening. Earn 3 Avios for virtually every £1 spent directly with BA, and 1.5 Avios for virtually every £1 spent everywhere else. Spend £10K in 12 months to redeem the Avios for a companion ticket on a BA flight. Earn up to 90,000 bonus Avios points per calendar year, 9,000 points per friends/family that uses Referral Programme and successfully apply for an American Express card (Excl. Basic card).
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £195 per annum, your representative rate is 76% APR (variable).

Compare up to 4 providers

Approval for any credit card will depend on your status. The APR shown represents 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.

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. 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.
  • 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

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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