In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
Asda Money Select Credit Card
3.5
★★★★★
Finder score
Representative example:
When you spend £1,200 at a purchase rate of 34.9% (variable) p.a., your representative rate is 34.9% APR (variable).
Minimum credit limit
£250
Interest-free each billing period
Up to 56 days
Balance transfer fee
0%

Our verdict

Asda Money launches a credit building reward card that offers money-saving rewards if used responsibly.

If you’re a regular Asda shopper with a bad or limited credit history, the Asda Money Select card could help you earn money off your shopping while you build up your score.

Following the introduction of the Asda Money reward card in early 2022, the supermarket has launched the Asda Money Select card as a credit builder option.

If you pay off the card in full every month, you should see your credit score steadily increase, while a good-sized bonus builds up in the form of money off your Asda groceries, fuel and more..

Bad news if you were hoping to spend them more widely: the rewards are only available in the form of Asda Pounds. What’s more, the relatively high interest rate means this isn’t a card to rely on if you need to borrow. However, if a credit builder card is what you’re looking for, this isn’t a bad option, and the rewards make for a nice little extra.

Pros

  • Earn points on day-to-day spending
  • Up to 20 points introductory bonus
  • No annual fee

Cons

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

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews

Asda Money expands its range in partnership with Jaja Finance by introducing a rewards card for customers who need to build their credit score.

Details

Product details

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
Duplicate statement fee £5
Exceeding limit fee £12
Additional card fee £0
Replacement card fee £0
Dormancy fee £0

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Your review

Read Terms and Conditions here

The Asda Money Select 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.

Who is Asda Money?

You know Asda – it’s the third largest supermarket chain in the UK – but you might not be aware of its financial services arm, Asda Money. As well as credit cards it offers foreign currency for travel, insurance and loans.

How does the Asda Select Credit Card work?

It’s like cashback, except that instead of cash, you get Asda vouchers.

Every time you make an eligible purchase with the Asda Select Credit Card, you’ll earn Asda Rewards, which will be paid in Asda Pounds. To access these, you’ll need to download the free Asda Rewards app and link it to your credit card.

As soon as you earn Asda Pounds, you can transfer them to your “Cashpot”, which you can then redeem as vouchers at the till.

This means you can only spend your rewards at Asda: ideal if you’re looking to cut the cost of your big shop.

Benefits and features of the Asda Select card

  • A mobile app. Download the Asda Money Credit Card app to manage your account, set up your direct debit and monitor your spending.
  • Rewards in Asda Pounds. 1% back on everything you spend in Asda, and 0.3% on all your spending everywhere else.
  • No annual fee.

Applying for an Asda credit card

Once you’ve compared your options, if you decide the Asda Money Select card is right for you, you can apply online: it takes about 15 minutes. There’s an eligibility checker on the Asda Money website so you can find out whether you’re likely to be approved before you apply, which means less risk to your credit score.

Asda Money credit card customer reviews

Asda Money is rated “Excellent” on Trustpilot, with 4.6 stars across over 3,900 customer reviews (updated January 2024). More than half of their reviews are positive: appreciating the cashback credit card and praising the ease of using the app.

9% of Asda Money customers rate the brand 1 star (updated January 2024). Bad reviews are from people unhappy that they applied for an Asda Money credit card and were turned down, but a common theme among existing customers is that Asda Money and Jaja Finance are slow to handle complaints and disputes.

The app has 4.8 stars in the App Store and 4.7 stars in the Google Play Store (updated January 2024). Around the time Asda Money launched their first card with Jaja Finance there were some negative reviews complaining that the app crashed frequently, but this isn’t reflected in more recent reviews.

Bottom line

How does the Asda Money Select stack up against other credit builder cards? The APR is on the high side, so if that’s a concern you may be able to find better cards elsewhere. However, if you’re planning to pay the balance in full each month – which is the best way to use a credit card to build your credit score – then the rate won’t matter.

There are more impressive reward and cashback credit cards out there, but credit builder cards that offer rewards at all are few and far between. If you’re an Asda shopper, your rewards will add up to money off your next shop: and in the words of a rival supermarket chain, every little helps.

How does it compare?

Asda Money's card

1 - 1 of 1
Name Product Finder score Annual/monthly fees Initial credit limits Minimum income Representative APR Incentive Link
Asda Money Select Credit Card
3.5
★★★★★
£0
Min. limit £250, max. limit £5,000.
Not specified
34.9%
Earn £20 Asda Pounds when you spend £50 and set up a direct debit in the first 60 days by 13 May 2024. Terms apply.
Representative example: When you spend £1,200 at a purchase rate of 34.9% (variable) p.a., your representative rate is 34.9% APR (variable).
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Table: sorted by representative APR, promoted deals first
Name Product Finder score Annual/monthly fees Initial credit limits Minimum income Representative APR Incentive Link
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HSBC Student Credit Card Visa
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Min. limit £250, max. limit £500.
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Available alongside an HSBC Student Account (receive £100 and a 1-year subscription to Headspace when you open a new student account).
Representative example: When you spend £500 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
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Barclaycard Forward Credit Card
4.0
★★★★★
£0
Min. limit £50, max. limit £1,200.
£3000
33.9%
Rate discounts: 3% interest rate reduction if you make all your repayments on time for the first year, and a further drop of up to 2% more if you continue to do so in the second year.
Representative example: When you spend £1,200 at a purchase rate of 33.9% (variable) p.a., your representative rate is 33.9% APR (variable).
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118 118 Money Guaranteed Rate Card
3.5
★★★★★
£0
Min. limit £500, max. limit not specified.
£8400
34%
Representative example: When you spend £1,200 at a purchase rate of 34% (variable) p.a., your representative rate is 34% APR (variable).
Check eligibility
Zable credit card
3.5
★★★★★
£0
Min. limit £200, max. limit £1,500.
£9,600
48.9%
Representative example: Representative 48.9% APR (variable). Based on assumed borrowing of £1200. Rate of interest 48.9% (variable) annual.
Check eligibility
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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.

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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