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Are the ASDA Cashback Credit Cards worth a look?

Today I wanted to take a quick look at the ASDA Cashback and Cashback Plus Credit Cards.  Whilst this is a product which you might not have considered before, the two versions of this card are actually two of the most generous cashback credit cards available.

To confuse matters, there are two versions of the ASDA cashback credit cards:

The free version has a representative APR of 19.9% variable and pays 0.5% cashback (1% at ASDA)

The paid version (£3 per month) has a representative APR of 26.2%, including the fee, based on a notional credit limit of £1,200.  It pays a whopping 1% cashback (2% at ASDA).

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ASDA Cashback credit card review

How much cashback do I earn?

The free card, Cashback, pays you back 0.5% of your general spending and 1% of your spend in ASDA stores (including ASDA Living), and ASDA petrol stations.  This is a generous deal for a card with no annual fee.

The paid card, Cashback Plus, pays double.  You receive 1% of your general spending and 2% of your spend in ASDA stores (including ASDA Living), and ASDA petrol stations.

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 is the sign-up bonus?

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

Which card is the best deal?

It depends on how much you spend.  You may actually find that you can justify the £3 monthly fee.

The breakeven point is £600 per month of spending.  The breakeven number will be lower if you do a lot of shopping in ASDA as that pays more cashback.

£600 x 1% back on Cashback Plus gets you £6, less the £3 fee

£600 x 0.5% back on Cashback gets you £3, with no fee

The higher your spend goes above £600, the better off you are.  That said, unless your spend is substantially above £600 per month, you may prefer to stick with the free card rather than worrying every month whether you are getting your extra £3-worth of value or not.

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 purchases of £200 or more
  • 0% interest on balance transfers for 12 months (fee applies)

The £3 per month Cashback Plus card has similar benefits:

  • No fees when used to buy foreign currency from ASDA Travel Money
  • 0% interest for 6 months on all purchases of £200 or more
  • 0% interest on balance transfers for 15 months (fee applies)


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

If you easily spend over £600 per month, you will find that the £3 per month fee for Cashback Plus is easily recouped.  Lower spenders should go for the free card.

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.

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  1. It’s a great card but I’d need to cover up the Asda branding and Creation logo (I assume it has one). Perhaps it’s possible to put a sticker on either side!

  2. Yes, no complaints here. It’s worth being aware that you can create the cashback vouchers while standing at the till on your smartphone – it’s quick, and generates a barcode that can be scanned immediately. I tend to wait until I know what the total is, then generate a voucher for precisely that.

  3. One thing i discovered about the Creation cards, was that i was eligible for their IHG card but not the Asda one. Which seems a bit strange considering you would imagine the Asda one would be targeted at a less affluent clientele.

  4. Oddly enough I just applied for this card on Monday.

    Previously my long term card was the American Express Platinum Cashback. At a cost of £24 per year and now only paying 1% cashback for the first £10,000 spend, it no longer stacks up against the ASDA cashback plus card in my opinion.

    Yes the fees are slightly higher (£36 vs £24 per year) however the cashback rate is matched for the first £10,000 spent and in fact, because the card can be used in a much wider range of stores compared to the American Express it will be easier to generate cashback. Not only that but as we do shop at ASDA regularly, the 2% (effectively doubled compared to the Amex) will come in handy.

    I will change the Amex Platinum Cashback card to the free version, so I can still use the card for Amex offers but the majority of spending will now go to the ASDA card.

  5. The best similar card is the Barclaycard Cashback Dual, which is closed to new applicants. 1% cashback on the Amex and 0.5% on the VISA, without any annual fee. Apparently if you complain about poor rewards it is offered as a retention tool.

    • Will have been closed to new applicants because Barclays is losing its licence to issue Amex cards.

      • Will Squires says

        It was never open to applications as far as I’m aware. Barclaycard merged all their legacy cashback products in to it and sometimes offered it to customers closing other cards (including me last Summer).

        When do you expect the license loss will take effect? I had planned to move all my Amex spending to it after November (when my Amex Plat Cashback will change to the new format).

        • It isn’t clear. However, the card cannot continue in its current form because the 0.3% interchange fee cap applies – so there is no chance, none at all, that Barclays will pay you 1% back when it only get 0.3% from the retailer! 0.5% is just about sustainable because of interest income on top of the interchange fee.

  6. Good luck redeeming these vouchers at Asda, my local makes me wait 10-15 minutes while they call a supervisor to be allowed to scan the voucher (which they insist in printed, as they can’t seem to scan the mobile phones due to not having hand scanners).

  7. WestonNewgirl says

    I am confused by your reference to vouchers as although it used to send vouchers annually, my Asda card now gives the cashback by taking it off the next month’s payment. (I have the free one)

    • Odd. The website still talks about vouchers. I thought it was originally cash but they switched to vouchers.

  8. I’ve had my Asda cashback card for a year and have only one complaint, but it’s a big one – it’s impossible to get a good credit limit. I took out this card to replace my MBNA card, which stopped giving cash back, but had to drop my credit limit from £15k to £5k. After almost 12 months, I’ve been unable to increase it above £6k, which is inadequate for me. I pay some bills annually, and they can be over £5k. I’ve explained this to Asda, but there’s no budging them – even though my credit limit is excellent and I pay in full by direct debit every month. This has meant that I’ve been unable to get rid of my old credit card as I still have to use it periodically. Asda are very inflexible and this has been a disappointment. If nothing changes in the next year, I’ll be looking for another credit card.

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