In this brief blog post, we will compile an Asda credit card review.
The Asda credit card review
In this blog, we are going to focus on one type of Asda credit card:
The Asda cashback credit card review
The Asda cashback credit card offers an unlimited amount of cashback but this increases when you shop at Asda.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
The Asda cashback credit card will offer 12 months 0% interest on balance transfers. You will have to use the balance transfer within the first 90 days but you will still have to pay a 3% balance transfer fee.
The Asda cashback credit card comes with a £0 annual fee.
The Asda cashback credit card will usually start a minimum credit limit of £100.
You get a 0.2% cashback on shopping everywhere but a 1% cashback on shopping done in Asda or George.
The cashback given for Asda shopping isn’t actually cashback but rather vouchers for more shopping on Asda.
Once you get your ASDA credit card all new purchases will be interest-free for the first 50 days.
The Asda cashback credit card also offers a 0% purchase period for the first 6 months of getting the Asda cashback credit card. This is only eligible when used in George stores for purchases of £200 or more.
How to apply for the Asda cashback credit card?
The Asda cashback credit card could be obtained by applying on the Asdas website.
The best way to ensure you are eligible for an Asda cashback credit card will be by ensuring you have a good credit score.
Tips to ensure you have a good credit score:
Get on the electoral roll at your current address
Get a credit builder loan or credit builder card to show some repayment industry
Do not miss any credit repayments
Keep your credit accounts open as long as possible
Keep your credit utilization below 30%
Repaying your Asda cashback credit card
To repay your Asda cashback credit card you can set up a direct debit repayment or alternatively you can call the ASDA credit card division and make your payment over the phone.
Thanks for getting to the end of our Asda credit card review.
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.