The Asda Cashback credit card
The Asda Cashback credit card offers a number of benefits – particularly if you shop at Asda and its other associated brands.
If you’ve build up debt on another credit card, you may be interested to take advantage of the ability to transfer these balances to this new card. The Asda Cashback credit card will allow you to pay back these balances interest free if you do so within 12 months. You will though, have to pay a 3% transfer fee on any balance that is transferred across, and this will be added to the amount to repay.
The other big advantage of an Asda card, as the name suggests, is the cashback. You’ll get 1% cashback on all your Asda shopping and Asda fuel. You’ll also get 0.5% everywhere else. There’s no cap, so the amount of cashback is unlimited.
You’ll also get 0% interest on all purchases at George.com over £200 for 6 months.
Finally, you can also get your holiday money from Asda Travel Money with no cash advance fees.
Importantly, the interest rate on this card is 19.9% APR. This means for your cashback to be worthwhile you need to pay off your balance on time each month. If you don’t, the interest and fees charged could offset a portion - if not all of the cashback that you’ve earned.