Review: ASDA Cashback Credit Cards

This is my review of the two ASDA Cashback Credit Cards.

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 and Cashback Plus Credit Cards.

This article was updated on 7th March 2017 and is correct as of that date.

Link:  ASDA Cashback and Cashback Plus Credit Cards

Key facts:  The Cashback card has no annual fee.  The Cashback Plus card has an annual fee of £36, charged at £3 per month.

The Cashback credit card has a representative APR of 19.9%.

The Cashback Plus credit card has a representative APR of 26.2%, including the fee, based on a notional credit limit of £1,200.

If you want to check your credit record before applying for a new card, click here to get your free Equifax credit report and score.  Your first 30 days are free then it’s £14.95 per month.  You can cancel at anytime.

ASDA Cashback credit card review

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.

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.

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.

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.

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