In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements
  • Your reviews

Asda Money Credit Card review

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Asda Money Credit Card
3.8
★★★★★
Finder score
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).
Intro bonus
Up to 20 points
Balance transfer fee
0%
Account fee
£0

Our verdict

After a short hiatus, Asda Money has launched its new rewards credit card with Jaja Finance.

Asda Money has rolled back its range of credit products to launch a brand new rewards credit card with Jaja Finance.

Asda’s Visa credit card comes with fairly average representative rates and does have the option to transfer a balance, but you will have to personally request the balance transfer rate and fees. However, on the upside, you won’t have to pay an annual fee to use this credit card.

If you’re an avid Asda shopper, the Asda Money Credit Card could be your go-to supermarket companion with the opportunity to earn Asda Pounds that can be converted into money-off vouchers. Especially with that limited-time welcome offer. However, as a rewards card, you are pretty limited if your go-to shop isn’t Asda and you could make better use of an alternative rewards credit card.

Pros

  • No annual fee
  • Earn points on everyday spending
  • Up to £20 Asda Pounds introductory bonus

Cons

  • You may be offered an opening credit limit as low as £250

In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements
  • Your reviews

Offering competitive rates and the chance to collect “Asda Pounds” every time you shop, Asda Money’s new Visa credit card could be your go-to supermarket loyalty card if you’re an avid Asda shopper.

Details

Product Overview

Issuer Jaja Finance Ltd
Network Visa
Representative APR 27.9%
Annual/monthly fees £0
Balance transfers 27.9%
Balance transfer fee 0%
Purchases 27.9%
Purchases interest-free period Up to 56 days
Cash advances 39.9%
Minimum credit limit £250
Maximum credit limit Subject to status: £5,000
Introductory Rewards Up to £50 extra with 5% back in Asda Pounds on Asda spend in the first 90 days. Offer ends 15 July 2024. Terms apply.
Incentive
Earn 1% back in Asda Pounds when shopping at Asda, earn 0.3% on non-Asda spend. 1 Asda Pound = £1 (min £1).
Potential costs 3.8 ★★★★★
Doing its job 3.7 ★★★★★
Extras 4.7 ★★★★★
Overall Finder Score 3.8 ★★★★★

Fees and charges

Minimum monthly payment 2.2% or £5 (whichever is greater) or 2 times all interest and fees on your statement, plus £0.01.
Annual/monthly fees £0
Balance transfer fee 0%
Foreign usage charge (EU) 2.99%
Foreign usage charge (rest of world) 2.99%
Cash advance fee 3% (min. £3)
Late payment fee £12
Replacement card fee £0
Duplicate statement fee £5
Exceeding limit fee £12
Additional card fee £0
Dormancy fee £0

Application Requirements

Minimum Age 18
Availability Available to new customers

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

1 - 1 of 1
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
3.8
★★★★★
★★★★★
Expert analysis
£20
1% cashback
0.3% cashback
£0
27.9% APR (variable)
Earn 1% back in Asda Pounds when shopping at Asda, earn 0.3% on non-Asda spend. 1 Asda Pound = £1 (min £1).
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).
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Other popular reward cards

Table: sorted by representative APR, promoted deals first
1 - 4 of 50
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
4.1
★★★★★
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Expert analysis
N/A
1 point per £1 spent
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Check eligibility
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).
M&S Bank Credit Card Transfer Plus Offer Mastercard
3.9
★★★★★
★★★★★
Expert analysis
N/A
1 point per £1 spent
1 point per £5 spent
£0
24.9% APR (variable)
Check eligibility
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).
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
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).
American Express® Rewards Credit Card
3.9
★★★★★
★★★★★
Expert analysis
10,000 points
1 point per £1 spent
1 point per £1 spent
£0
31% APR (variable)
Check eligibility
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).
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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:

Minimum amount Fixed amount Fixed percentage Full amount

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

Finder credit card scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score rewards credit cards to determine their value against similar products on the market. We look at a number of important factors, like welcome bonuses, introductory and ongoing earn-rates, any caps or restrictions on the points you can earn, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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