We take a look at the ASDA Money cashback credit card, provided by Jaja Finance. The credit card rewards customers with 1% cashback on ASDA spending and 0.3% cashback on spending elsewhere and in this article, we explain how the card works and how it compares to other supermarket credit cards.
How does the ASDA Money credit card work?
The ASDA Money credit card is available for UK residents aged 18 and over and pays 1% cashback 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 0.3% cashback 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.
Key facts about the ASDA Money credit card
Best for: ASDA shoppers wanting to earn cashback towards their shopping
Representative APR: 22.9% variable.
Fees: No fee
- Perks: 1% cashback on all spending at ASDA. 0.3% cashback on all other spending
How to manage your payments on the ASDA money credit card
Cardholders can manage their account through the ASDA Money credit card app.
Pros of the ASDA Money credit card
- 1% cashback on all spending at ASDA
- No fee
Cons of the ASDA Money credit card
- The ASDA Money credit card only offers 0.3% cashback on non-ASDA spending.
- If your card hasn't been used for 12 months or more, any cashback that has not been moved to the 'cash pot' in the rewards account will expire
How to apply for the ASDA Money credit card
The credit limit and interest rate you are offered will depend on your circumstances. As ASDA doesn't offer an eligibility checker, you'll need to 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, Sainsbury's and M&S all 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.
Alternatives to Asda Money credit card
|Credit Card||Rewards & Cashback (Excluding introductory offers)*||Reward based on £5,000 annual supermarket spend||Reward based on £5,000 annual spend elsewhere||Total Annual Reward||Where can rewards be redeemed?|
|ASDA Money Credit Card||1% cashback on ASDA spending and 0.3% cashback on spending elsewhere||£50||£15||£65||ASDA only|
|Tesco Bank Credit Card||1 Clubcard point per £4 spent at Tesco
1 pt per £8 spent elsewhere
|1,250 Clubcard points||625 Clubcard points||1,875 Clubcard points worth between £19 and £57 depending on the partner||Either at Tesco or a number of retail partners|
|Sainsbury's Nectar Credit Card||2 Nectar points per £1 spent at Sainsbury's, Argos, Habitat and Tu Clothing
1 Nectar point for every £5 you spend elsewhere
|10,000 Nectar points||1,000 Nectar points||15,000 Nectar points worth £75||Sainsbury's, Argos, Habitat and Tu clothing|
|M&S Credit Card||1 point for every £1 spent at M&S
1 point for every £5 spent elsewhere
|5,000 points||1,000 points||6,000 points worth £60||M&S only|
*In addition to what you would normally earn shopping in the store (if applicable)