Asda Cashback Credit Card: Earn Asda Vouchers

Asda Cashback Credit Card: Earn Asda Vouchers

A great, free cashback card for Asda shoppers

Good for

  • Occasional Asda shoppers who spend less than £300 a month at Asda
  • Not paying an annual fee
  • Earning good grocery rewards on a free card

Bad for

  • Those wanting a card for rewards on general (non-Asda) spending

Editor's Rating

4.5/5.0

The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.

The Asda Cashback Credit Card is a great free grocery rewards card acting like a loyalty card for Asda shoppers. This free card gives 1% cashback on all Asda purchases but only 0.2% cashback elsewhere. If you’re an occasional Asda shopper, this card is a simple way to get money back on your shopping. Asda “cashback” is actually distributed in the form of Asda vouchers so anyone preferring cashback in the form of statement credits should look elsewhere. Also, frequent Asda shoppers may find higher value with the Asda Cashback Plus Credit Card.

Please note: the rewards rate on non-Asda spending will drop from 0.5% to 0.2% on 13 April, 2018!

Asda Cashback Credit Card Review

The Asda Cashback Credit Card provides good rewards to cardholders who occasionally buy groceries, fuel, insurance, clothing, and/or home goods at Asda (including Living stores and online at George.com), but rewards on non-Asda purchases are pretty poor.

This card enables the Asda shopper to earn 1% on Asda purchases and 0.5% outside of Asda. Particularly loyal Asda shoppers who spend more than £300 a month in store should look instead to the Asda Cashback Plus Credit Card, which offers higher rewards rates between 1% and 2% but charges a monthly fee.

Type of SpendAsda Cashback Rewards RateAsda Cashback Plus (£3/month fee) Rewards Rate
Asda Purchases1%2%
Asda Petrol1%2%
Living Stores1%2%
George.com1%2%
Other General Spending0.2%0.2%

If you are deciding between the free Asda Cashback and the paid Asda Cashback Plus credit cards, the right one for you will depend upon the amount you spend at Asda. The break-even point between the Asda cards is £300/month of Asda spend. That is, shoppers spending £300 a month at Asda would earn the same £3/month on either card (reflecting the monthly fee on the paid Plus card). Monthly Asda spend above £300 would earn higher rewards on the paid Plus card; monthly Asda spend less than £300 would earn higher rewards on this free card.

A graph showing the annual rewards on the Asda Cashback vs. Asda Cashback Plus credit cards, base on level on monthly spend
Rewards on Asda Cashback and Asda Cashback Plus, by Spending Level

The way Asda pays out its cashback rewards is both a pro and a con. On the positive side, rewards distribution is largely in the cardholder’s control: rewards can be redeemed as quickly as the next month’s statement (unlike some other cards that make you wait a year) or rewards can be left up to a year to build up. On the negative side, rewards vouchers can only be used at Asda, which may not suit everyone.

Asda doesn’t offer a points-based “loyalty card,” like some other retailers. However, the Asda Cashback credit cards act like a loyalty card, giving solid reward rates to loyal Asda customers. In fact, we think the simple percentage-based Asda cashback program may be easier to understand than some grocery competitors’ more complicated points-based systems.

As with all rewards cards, you should pay off your balance every month. If you don’t, the interest charges will quickly wipe out any rewards, and then some. (With the exception that the card is offering 6 months of 0% interest on purchases at George.com.)

The Asda Cashback card also offers 10% cashback on Asda Money Insurance products. Insurance policies included in this offer are Home, Pet, Annual Travel (not single trips), and UK or European Breakdown Cover (Roadside Cover not included). So long as users keep the policy for the full year, both insurance purchases and renewals will benefit from this 10% cashback offer.

Bottom Line: The Asda Cashback Credit Card offers solid Asda voucher rewards to occasional Asda shoppers who want to get a bit of money back on their shop. Those who spend over £300 a month at Asda should look at the Asda Cashback Plus Credit Card instead. Be prepared to pay off your balance every month, as the interest rate on purchases will quickly wipe out any rewards.

Asda Cashback Benefits & Features

Asda Cashback Credit Card Features
Cashback Rewards
  • 1% rewards rate on purchases at Asda (including Living, petrol, and George.com)
  • 0.2% elsewhere
0% on PurchasesFor 6 months on qualifying George purchases of £200 or more
Discounts on some Asda Money insurance products10% cashback
Eligibility checker
Annual Fee£0
APR19.9% variable APR on purchases

How do Asda Cashback Vouchers Work?

Asda’s cashback rewards are distributed in the form of Asda vouchers and expire a year after they’ve been earned. As soon as your account has accumulated at least £2.50 in cashback rewards, you can download an e-voucher to your phone or print a paper voucher to use at Asda, either online or in store. Cardholders can take their cashback rewards as early as when they appear on the next month’s statement or let the rewards build up into a larger pot.

If you're wondering what the annual rewards might be on this free card, we've done the math for various levels of spending. Use the following table to gain an understanding of potential rewards, assuming you pay the full balance every month.

Weekly Asda SpendAnnual Rewards
£25£13
£50£26
£75£39
£100£52
£125£65

Below, the annual rewards data is illustrated in a graph, which you can use to see potential annual rewards based on weekly Asda spending.

chart showing Potential Rewards on Asda Cashback Card Based on Weekly Asda Spending
Potential Annual Rewards on Asda Cashback Card Based on Weekly Asda Spending

How does the Asda Cashback Credit Card Compare to Other Credit Cards?

To better understand the value of the Asda Cashback Credit Card you need to see it next to other available options. We’ve compared this card to other grocery rewards and cashback cards so you can decide which better suits your needs.

Asda Cashback Card vs Asda Cashback Plus Card

The Asda Cashback Plus Credit Card is a great rewards credit card for those who shop at Asda regularly. The card earns a generous 2% on Asda purchases and 1% elsewhere, providing double the returns of the free Asda Cashback card. Despite the monthly fee, users who spend more than £300 a month at Asda will find greater value with the Asda Cashback Plus Credit Card. See the chart below to understand how much cashback you’ll earn each month for the two cards, based on your monthly Asda purchases. Which card is right for you? It all depends on your individual spending patterns.

Quick Takeaway: Those who spend more than £300 a month at Asda or want a rewards card for all general spending should earn more on the paid Asda Cashback Plus card.

Asda Cashback Card vs Tesco Purchases Card

The Tesco Purchases Credit Card offers a mediocre 0.25% additional rewards rate for Tesco shopping on top of the 1% that Clubcard members already earn as part of the Tesco loyalty program. Its paltry 0.125% effective rewards rate on non-Tesco shopping makes it a poor choice for an everyday credit card. Cardholders who won’t be able to pay off their purchases right away will find one advantage by paying with the Tesco card: a 0% interest rate on purchases for up to 28 months. As long as you make your minimum payments in full, on time, you can still earn Tesco Clubcard points whilst carrying a balance. Cardholders who don’t mind actively managing a points-based rewards system can create extra value with Tesco’s Clubcard Boost program. If you prefer simplicity, and a good rewards card for all everyday purchases, the Asda Cashback Credit Card may be for you.

Quick Takeaway: The Tesco Purchases card isn't really very rewarding, but sometimes it comes down to store loyalty. If you shop at Tesco, the Tesco Purchases card will be a better fit.

Asda Cashback Card vs Aqua Reward Card

The Aqua Reward Credit Card can provide a good opportunity to those with weaker credit histories to earn rewards whilst improving their credit rating. The 0.5% cashback may appeal to some people as these rewards are more flexible than Asda vouchers; however cashback is only paid out at the end of the year, and is forfeited by even a single missed or late payment.

Quick Takeaway: The Aqua Reward card may be a better match for individuals with weaker credit histories, but your rewards are limited due to the £100 annual rewards cap. Asda shoppers will definitely earn more on their Asda shopping on the Asda Cashback card. As part of the application process on the Asda Cashback site, you can check to see if you're eligible to apply for the card, without negatively affecting your credit rating. If you're unsure if you'll be accepted, this is a good way to get more information.

Comments and Questions

The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.