Asda Money
0% for 6 months on balance transfers, cashback on spend, £1,200 credit limit, no annual fee, and easy rewards with Asda Pounds. Ideal for frequent spenders.
The Asda Money Credit Card range offers options tailored to balance transfers, daily spending or credit building. The main card stands out with a representative 29.9% APR (variable), a £1,200 assumed credit limit, and no annual fee. It’s accessible to UK residents aged 18+, with a simple online application process.
This card is designed to maximise your everyday spend, with Asda Pounds cashback on purchases at Asda and elsewhere. You can manage your account easily via an app rated 4.8 out of 5 with real-time notifications and safe payments. For those interested in consolidating debt, the Asda Money Balance Transfer Credit Card provides 0% on balance transfers for six months.
For building your credit score, the Select Credit Card is available with a 39.8% representative APR (variable), ideal for newcomers or those rebuilding credit. Plus, each successful applicant receives £20 in their Rewards Cashpot after meeting eligibility.
How to Apply for an Asda Money Credit Card
1. Visit the Asda Money credit card page and select your preferred card. Review the main terms like APR, credit limits, and rewards offers.
2. Check if you are eligible without impacting your credit score. Use their eligibility checker before proceeding with your full application.
3. Gather details including your income, financial commitments, and address history for the last three years. Ensure accuracy for a smooth application.
4. Complete the straightforward online form and submit your application. Decisions are usually immediate, and you may be contacted if further review is needed.
5. Once approved, register or log in to your Asda account and start managing your credit card online or through the highly-rated mobile app.
Key Benefits
One of the primary attractions is earning Asda Pounds: 0.75% cashback at Asda and 0.2% elsewhere on everyday spend. This reward builds up your Cashpot, redeemable for shopping vouchers.
The application takes minutes, and you get a clear idea of your credit limit and rates before committing. Plus, managing your card conveniently via the dedicated app is a clear advantage for tech-savvy users.
The promotional 0% offer for balance transfers over the first six months helps reduce interest costs if you consolidate higher-interest debts.
No annual fee makes the Asda Money Credit Card a low-commitment choice, letting you focus on earning rewards and flexible repayments.
New customers can benefit from a £20 introductory bonus in their Rewards Cashpot after reaching specified spend or usage criteria.
Considerations
While the rewards and no-fee structure are appealing, applicants should note the relatively high APR of 29.9% (variable) on purchases after any promotional period.
Those who may not qualify for the headline rate due to limited credit history or low income could face a higher APR, particularly with the Select Credit Card at 39.8% APR.
A 3% fee applies to balance transfers, which could offset some of the savings from the introductory offer for those moving large balances.
Earning Asda Pounds only applies to qualifying purchases, excluding cash advances or Asda Travel Money transactions. Always check rewards terms.
Being declined may impact your credit prospects, so using the eligibility checker and reviewing your credit profile beforehand is wise.
Our Verdict
The Asda Money Credit Card is a solid option for shoppers seeking everyday rewards without annual fees. Its cashback and introductory deals make it competitive for regular Asda customers.
If you’re looking to transfer a balance, the six-month 0% introductory offer is helpful, but remember to factor in the 3% transfer fee when deciding.
With a handy mobile app, quick application process, and clear eligibility criteria, it’s accessible for most UK adults. However, only apply if you can repay in full each month to avoid interest.
For those seeking to strengthen their credit, the Select card is a sound choice, but note its higher APR and balance rewards accordingly.
Overall, these cards combine clear-value rewards, manageable terms, and digital account control, making them worth considering for Asda-savvy households.
