You can shop until you drop at ASDA and receive rewards for it with the ASDA Money Cashback Credit Card. ASDA Money Cashback Credit Card gives you vouchers that you can redeem at ASDA stores. These are as good as cash.
This card has some of the best rewards and cashback rates compared to the others in the market. Plus, if their supermarket is your chosen store, then you should certainly consider using this card whenever you go shopping.
If, however, you shop at other non-ASDA stores, you are not going to receive the full cashback. The card doesn’t charge any annual fees, and this is great because you can use the card as much or as little as you wish without any consequences.
Benefits Of The ASDA Money Cashback Credit Card
The main benefit you shall love in this card is its cashback reward. You will receive a cashback of 2% when you use the card for purchasing fuel, groceries, home goods and clothing at Asda. This includes their online store George.com and all other living stores.
All non-Asda purchases attract a mere 0.2%, so you better shop on their stores to receive the full benefits of the card. Additionally, you shall get to earn more with the card. The card earns you 10% cashback on all Asda Money Insurance products.
The insurance products are for your home, annual travel, pet, and European or UK breakdown cover except the roadside cover. This is however on condition that you keep the policy for a full year.
The Cashback Vouchers
Asda redeems your cashback rewards through vouchers that you can use at any of their stores. These, however, expire after one year, so as soon as your account has accumulated around £2.50 in cashback, you can download the e-voucher and print it to use during your next shopping spree.
The reward system for Asda credit card is largely in the control of the cardholders, and they can redeem the cashback as soon as they receive the next month’s statement. This is unlike other cards that require you to wait up to a year to redeem.
How Does The Cashback Voucher Work?
- As mentioned earlier, the redeeming process involves the use of vouchers which you will be required to print after creating them. The process is pretty simple, and all you have to do is log into your account on the site.
- Once you log in, click on “create a voucher now,” button on the panel you shall find on your dashboard.
- Input the value of the voucher you wish to create and this can be anywhere between £2.50 and the value of the cashback balance.
- Once you choose the value you want, click on the “confirm” button, which will show you the voucher on the screen and this can be emailed to you on your registered email address.
- This cashback will be deducted automatically from the balance on your rewards.
- This voucher is valid for 28 days and the expiry date shall be shown on the voucher.
Asda Money Cashback Credit Card Fees
- 19.9% APR
- Annual fee of £3 per month.
- There is a minimum monthly payment however of either £5 or 1% each month, or whichever one is greater.
- All balance transfers are charged at either £3 or 3% of whichever is higher.
- The foreign usage charge is at 2.99%.
- The cash advance is either £5 or 3% whichever one is higher of the two.
- Late payment fee is charged at £12
Am I Eligible?
To apply for the card, you must be above 18 years of age, you must have a minimum income of around £10,000. You should also have decent credit standing.
How to apply for an Asda Money Cashback Credit Card
You can apply for the card on the company website. This involves providing them with your personal details such as your name, address, social security number, date of birth, email address, telephone contact, income information, and more.
Please note that the approval of the card is subject to your credit status. Their APR represents the standard interest rate charged for most of their clients. But that number can change based upon your current financial situation.
ASDA Money Conclusion
This card is great if you frequently shop at Asda stores, and they have also made their annual payments extremely flexible. You can make them online, or by calling them at (0371 704 3369) or you can set up a direct debit with the company.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.
