We take a look at the Asda Money cashback credit card, provided by Jaja Finance.
The credit card rewards customers with 0.75% 'cashback' on Asda spending and 0.2% on spending elsewhere and in this article, we explain how the card works and how it compares to other supermarket credit cards.
Key facts about the Asda Money credit card
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Best for: Asda shoppers wanting to earn vouchers towards their shopping
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Representative APR: 29.9% variable
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Fees: No fee
- Perks: 0.75% 'cashback' on all spending at Asda. 0.2% on all other spending
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- 29.9% APR Representative (variable)
Pros of the Asda Money credit card
- 0.75% 'cashback' on all spending at Asda
- No fee
- £20 back in Asda Pounds when you take out a new credit card, spend £50 and set up a Direct Debit in the first 60 days
Cons of the Asda Money credit card
- You earn 'Asda Pounds' rather than actual cashback
- The Asda Money credit card only offers 0.2% 'cashback' on non-Asda spending.
- If your card hasn't been used for 12 months or more, any Asda pounds that have not been moved to the 'cash pot' in the rewards account will expire
How does the Asda Money credit card work?
The Asda Money credit card is available for UK residents aged 18 and over and pays 0.75% back in Asda pounds on Asda spending. Eligible Asda spending includes Asda supermarket purchases, Asda online purchases, Asda fuel and George clothing. Asda Travel Money purchases are not eligible for cashback. Customers can also earn 0.2% on all other non-Asda spending.
With cashback and reward credit cards, we would always recommend paying off the balance in full each month to avoid paying any interest, as any interest you pay is likely to outweigh the cashback rewards.
How do I spend my Asda Money credit card cashback?
Cashback is paid as 'Asda pounds' and can be redeemed by downloading the Asda Rewards App and linking your Asda Money credit card. Asda pounds can then be turned into vouchers which can be spent in-store.
How to manage your payments on the Asda money credit card
Cardholders can manage their account through the Asda Money credit card app.
How to apply for the Asda Money credit card
The credit limit and interest rate you are offered will depend on your circumstances. Asda offers an eligibility checker, so you can check your eligibility and apply online to see if you will be accepted.
How does the Asda Money credit card compare to other supermarket credit cards?
Asda isn't the first supermarket to offer a credit card - Tesco and M&S both offer credit cards that reward customers for their loyalty.
In the below comparison table, we compare the top supermarket credit cards. For a more detailed look at the supermarket credit cards, read our supermarket credit card reviews, or alternatively, take a look at other cashback and reward credit cards.
How to find out which credit card is best for you
We have teamed up with Creditec* to help you compare credit card deals and check your eligibility in minutes. You will be able to find out which credit cards you are most likely to be accepted for through a soft credit check, which will not affect your credit score. You can then tailor your personalised list to sort cards by the features that matter most to you. This could mean filtering for the type of credit card you want, sorting the list by the rate of interest or highlighting the cards you are most likely to be successful in applying for. You can click here to compare deals*.
Alternatives to Asda Money credit card
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