Review: ASDA Cashback Credit Card

This is my review of the ASDA Cashback Credit Card.

Head for Points mainly focusses on credit cards which offer airline miles or hotel loyalty points for your spending.  However, it is pointless taking frequent flyer miles if there are better deals available from cashback credit cards such as the ASDA Cashback Credit Card.

Link:  ASDA Cashback Credit Card

Key facts:  The Cashback card has no annual fee

The Cashback credit card has a representative APR of 19.9%

What is the sign-up bonus?

Nothing at all.  If you are looking for a credit card with a generous bonus for taking it out, this card is not for you.

How much cashback do I earn?

The card pays you back 0.2% of your general spending and 1% of your spend in ASDA stores (including ASDA Living), george.com and ASDA petrol stations.  This is a generous deal for a card with no annual fee.

How is cashback paid?

Your cashback is not paid as cash.  You need to understand this before you apply.

You must download and print a voucher from the website when you have at least £2.50 of cashback due.  This voucher MUST be spent at ASDA.  You do NOT get cash paid into your bank account.

If you are a regular ASDA shopper then this is not a problem.  If you do not have an ASDA store near you then these cards are unlikely to work for you.

What other benefits do I get?

The free Cashback card has a number of additional benefits which you may or may not value:

• No fees when used to buy foreign currency from ASDA Travel Money
• 0% interest for 6 months on all george.com purchases of £200 or more
• 0% interest on balance transfers for 12 months (fee applies)

Conclusion

If you are looking for a cashback card which comes as a Visa or Mastercard, the ASDA Cashback card is as good as it gets in the current market.

The only snag is the need to spend your cashback vouchers in ASDA stores, but as long as this is not a problem for you then the cards offer good value.

You can apply on the ASDA Money website here.

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history.  By recommending credit cards on this site, I am – technically – acting as a credit broker.  Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.