Asda Money Cashback Credit Card
-81°Expired

Asda Money Cashback Credit Card

11
Found 4th May 2015
There are only a few cashback credit cards left out there now and I have come across this one from Asda Money so if you was a Capital One Customer it might be worth a look and this deal might not be for everyone, here are a few details :-

Get 5% cashback when you take out a selected Asda Money insurance product^^ using your Asda Money Credit Card
1% cashback on your Asda shopping & Asda fuel
0.5% cashback everywhere else
0% on Balance Transfer for 12 months**
Tap and go with contactless payments
0% on purchases over £200 for 6 months at George.com°


Get 5% cashback on selected Asda Money products^^

Like the sound of 5% cashback? If you have an Asda Money Credit Card, and use it to buy one of our selected products, you’ll get 5% cashback as a big thank you for choosing Asda again. Earn 5% cashback on these great products:
Home Insurance
Pet Insurance
Annual Travel Insurance
UK or European Breakdown Cover
Van Insurance (excludes any other policies bought through the Asda Comparison Service)
Car Insurance (excludes any other policies bought through the Asda Comparison Service)

At Asda Money it's our mission to save you money every day.

To help do this we're offering our award-winning credit card* that gives you cashback on everything you spend. Getting your credit card cash back is easy, just check your statement the following month.

The Asda Money Credit Card now comes with the ability to make contactless payments. This makes purchases with your card quicker and easier. Simply tap your card over a CHIP and PIN terminal.

Get your Asda Travel Money with your Asda Money Credit Card and you won’t pay a penny in fees. Buy your holiday money with Asda online, over the phone or at one of our in-store Travel Money Bureaux to take advantage of our no fee offer+

*Card & Payment Awards 2013 Winner Best Affinity or Co-Branded Card Programme

11 Comments

Original Poster

why has this deal gone cold?

They were absolute B---ds to deal with when my brother died.
Talk about a nightmare trying to cancel it and had no sympathy at all .
Wouldn't touch with a barge pole after that experience .
Edited by: "ladygadget" 4th May 2015

The Asda Money Credit Card is issued by Sygma Bank UK. Creation and Sygma Bank UK are the trading names in the United Kingdom of Sygma Banque SA.

I have never heard of this bank.

Original Poster

If you are voting cold it would be nice to know why NOT just vote cold.

cliosport65

If you are voting cold it would be nice to know why NOT just vote cold.



Maybe because people think Asda are w******? X)

Sorry but nothing special about this card outside of it being an inflated rate for shopping at ASDA. Otherwise 0.5% seems to be the norm with most providers. If you can consistently spend over £300 there are other options by mixing the use of 2 cards to earn a higher rate.

Think maybe it's cold as you can get better with others like Santander who give you
1% on shopping at any supermarket
2% in department stores
3% fuel at almost any patrol station

Original Poster

Wolfout

Think maybe it's cold as you can get better with others like Santander … Think maybe it's cold as you can get better with others like Santander who give you1% on shopping at any supermarket 2% in department stores 3% fuel at almost any patrol station

but the Santander 123 credit card has a £24 annual fee.

cliosport65

but the Santander 123 credit card has a £24 annual fee.


£24 isn't that much you've paid that with £240 of shopping or £80 of petrol/ diesel

my son has over £20.000 income and good credit score asda money credit offered him £300 credit limit.

allan1954

my son has over £20.000 income and good credit score asda money credit … my son has over £20.000 income and good credit score asda money credit offered him £300 credit limit.



Credit score and income mean nothing overall, it's the customer as a whole that the banks look at so the entire package your son offers. It's usually a complex calculation to arrive at a final score set by the bank to figure out things like acceptance and what credit limits to approve. Things now considered include;

- level of debt they have elsewhere - What balances are owed on other credit cards, mortgages etc
- maximum level of debt they could end up with ie all their credit limits and static debts added together that in theory the customer could max out to and then end up in a financial crisis.
- How much is being repaid on other debt elsewhere ie always minimum payments (some banks love this as you never pay off debt and are a constant source of income, others don't want customers like this as they are inherently more risky).
- What payment history they see with the credit reference agencies including missed payments, underpayments, overpayments etc
- Address histories and how much the bank value that data as a likelihood of him doing a bunk.
- Register of electors are they on it or not
- Renting, Council tenants, own home, mortgages - all different types of customers that some banks like/dislike
- Other factors

Therefore it's not necessarily he's a bad repayer of debt but could be likely that the bank doesn't want his type of customer profile as a customer.
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