As one of the leading supermarket chains in England, Asda offers one of its main financial products with the Asda cash back credit card, the Asda Money credit card. This card provides several features and benefits, especially if you’re a regular shopper at Asda. You’ll get loads of amazing rewards from just using the card on purchases.
New Asda Money cardholders can enjoy 0% interest on purchases for the first 6 months, letting you make big purchases and spread the cost over the next few months. This allows you to take full control over your finances without breaking your bank account.
To learn more about this Asda cashback credit card, this guide covers everything you need to know and the steps to take when applying for a smooth application process.
Understanding the Asda Cash Back Credit Card
There are a lot of features to talk about with the Asda Money credit card but one of the main reasons why a lot of people are applying for the card is its cashback benefits. You get as much as 1% cash back in Asda Pounds when you shop at any Asda store all over the country.
You can also use the card to buy fuel, groceries, and even travel insurance. If you do use the card on other purchases outside of the store, you get 0.3% cashback.
The card has no annual fee so there is no pressure for you to use it throughout the year to get your money’s worth. This Visa card has a representative variable APR of 25.9% depending on your creditworthiness and has an assumed credit limit of £1,200.
The card is well suited for Asda customers who have poor credit scores and want to rebuild their credit rating while also enjoying the perks that the card offers.
How to Use Your Asda Rewards
As soon as you accumulate enough Asda Pounds, you’re rewarded through Asda’s loyalty program called Asda Rewards. To check out your rewards, download the Asda app and link your account. Then, within the app, you can see all the rewards you’re entitled to depending on the amount of Asda Pounds collected up to that point.
You can spend your Asda Pounds by moving them to your Cashpot which can then be converted into Asda vouchers to use during checkout when you shop at Asda.
The app also offers different ways for you to earn even more rewards such as completing missions, purchasing star products, or by just simply scanning the items using the app. You should spend your Asda Pounds as soon as possible since they expire after 12 months of not being used.
Eligibility Requirements
Applying for the Asda Money credit card can be done through the official Asda website. All you need to do is to log in to your account on the website and select “Asda Money credit card”.
Choose “Check Eligibility”, then “Apply” and you will go through an eligibility check to see if you can be approved for the card. If you do get approved for applying, you will then need to prepare documents and other information to proceed with your application.
To be eligible, you must be 18 years old and above and must be a resident of the UK.
You will need to provide proof of income such as your salary slips and proof of residency such as your passport or any other valid UK ID.
Preparing to Apply
It is important that you understand your current financial situation when you apply for this credit card.
Knowing your current financial situation allows you to create a budget that can help pay off your debt. Paying your debt ensures that your credit score will slowly increase until you are ready to apply for another credit card.
When applying, you also need to gather all other personal information such as your address history, employment history, monthly expenses, and many more.
The Application Process
Applying for the Asda Money credit card is simple if you following these steps.
Step 1
The first thing that you need to do is head over to the official website and select Asda Money credit card. Review all the details from the official webpage of the card to see if you might have missed any other important information.
When ready, click “Apply” to be taken to another window where you need to log in to your account to proceed.
Step 2
Log in to your account and fill out the application form with details including your name, age, physical address, email address, and birth date, among others. Upload any required documents that are requested.
Be sure to review the information that you have entered as well as the terms and conditions before you submit.
Step 3
It will take a few days before you will receive an update from them regarding your application.
In the meantime, you can download the Asda Money credit card app and log in. If approved, you can start managing your account before you even get the card.
Step 4
Once you receive the card, you will then need to link your card to the app and activate it.
Manage your account through the app and set up a Direct Debit and unlock other features such as the Asda Rewards.
Use the app to send all of your Asda Pounds and redeem them for Asda vouchers to be used upon checkout.
What to Do If Your Application Is Rejected
Not everyone is guaranteed to be approved for the card during application. If you’re rejected for your application, you can always call their customer service hotline at 0800 188 4002.
They are open 24 hours a day and a representative will be able to assist you with your concern.
You can ask them to review your application and provide an update as soon as possible. Don’t worry if you have been rejected as you can always re-apply for the card a few months later.
You can also visit their main office at 27 Old Gloucester St, Holborn, London, WC1N 3AX.
Tips for Using the Asda Money Credit Card
When using the Asda Money credit card, it’s important to be a responsible credit card holder, especially if you don’t have a good credit score. You need to seriously consider what you want to use the card for when making purchases, especially if you’re planning on making a big purchase.
Also, consider your goals in using the card. Do you have it to take advantage of the interest-free period to reduce your debt, or do you simply want to receive cashback rewards?
It can help reduce your expenses when you shop at the store thanks to the rewards that you have earned.
Conclusion
There aren’t a lot of credit cards that offer a cashback program while helping you regulate a poor credit score at the same time. If you’re a frequent shopper at Asda, consider this credit card for your purchases to start earning cash back today.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
