Asda Cashback Plus Credit Card: Earn Asda Vouchers

Asda Cashback Plus Credit Card: Earn Asda Vouchers

A great cashback card for frequent Asda shoppers who spend at least £150 a month in store

Good for

  • Earning high in-store Asda rewards
  • No cap on rewards

Bad for

  • Those looking for higher rewards on general (non-Asda) spending
  • Individuals who want a free credit card
  • Shoppers spending more than £300 a month at Asda

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.

Note: Asda is currently not accepting any new credit card applications. Existing Asda Cashback Plus Credit Card customers can keep using your card as usual.

The Asda Cashback Plus Credit Card is one of the best grocery rewards cards and cashback credit cards, ideal for loyal Asda shoppers. This card gives 2% cashback on all Asda purchases, but only 0.2% making it less appealing for everyday spending. Asda "cashback" is actually distributed in the form of Asda vouchers, which may be a pro or a con depending on your shopping habits.

The Plus card carries a £3/month (£36/year) usage fee, as opposed to the free Asda Cashback Credit Card which pays lower rewards.

Asda Cashback Plus Credit Card Review

The Asda Cashback Plus Credit Card provides great rewards to cardholders who buy groceries, fuel, insurance, clothing, and/or home goods at Asda (including Living stores and online at George.com), although unfortunately Asda has just dropped the rewards rate on non-Asda purchases to a mere 0.2%.

The card’s high in-store rewards rate comes at a cost of £3 per month. Households spending over £300 a month at Asda will earn solid rewards, despite this fee. The average UK household spends £350 a month on food and petrol; sourcing these necessities at Asda will earn £48 of rewards a year, even after deducting the monthly fee. Households spending less than £300 a month at Asda would be usually be better off with the Asda Cashback card instead; this free card delivers half the rewards of the paid Asda Cashback Plus card.

Monthly Breakeven Analysis for Asda Cashback Plus

Spend Category:Asda
Spend£150
Rewards£3
Monthly Fee-£3
Total£0

The average UK household spends £350 a month on food and petrol; sourcing these necessities at Asda will earn £48 of rewards a year, even after deducting the monthly fee.

The way Asda pays out these rewards is both a positive and a negative. 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.

Bottom Line: The Asda Cashback Plus Credit Card offers great Asda voucher rewards to shoppers who spend over £300 a month at Asda. Be prepared to pay off your balance every month, as the interest rate on purchases is relatively high.

Asda Cashback Plus Benefits & Features

Asda Cashback Plus Credit Card Features
Cashback Rewards
  • 2% 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£36 (taken as £3 per month)
APR19.9% variable APR on purchases

An additional way to earn money with the Asda Cashback Plus card is through the 10% cashback offer 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.

As with all rewards cards, you should try to pay off your balance every month. If you don't, the 19.9% variable APR, which is slightly higher than the average interest rate, 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.)

About Asda Cashback Vouchers

Asda’s cashback rewards 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.

Asda cashback 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. Rewards vouchers can only be used at Asda, which may be a pro or a con for you. A user would need to use this card on purchases averaging £150 a month at Asda to cover the £3/month cost of the card.

Asda Cashback Plus Credit Card vs. Asda Cashback Credit Card

You may also want to learn about the Asda Cashback card, which pays half the rewards of the paid card but has no annual fee.

Type of SpendAsda Cashback Rewards RateAsda Cashback Plus Rewards Rate
Asda Purchases1%2%
Asda Petrol1%2%
Living Stores1%2%
George.com1%2%
Other General Spending0.2%0.2%

The break-even point between the two Asda cashback cards (that is, the free card and the paid card) is £300/month of Asda spend. Shoppers spending £300 a month at Asda will earn £3/month on both cards (after taking out the monthly fee on the paid Plus card). Monthly Asda spend above £300 would earn more rewards on the paid Plus card; monthly Asda spend less than £300 would earn more rewards on the 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

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

To better understand the value of the Asda Cashback Card you need to look at it relative to other available options. We’ve compared this card to other grocery rewards and cashback cards so you can see which is more suitable to your spending patterns.

Asda Cashback Plus Card vs Asda Cashback Credit Card

The Asda Cashback Credit Card is a decent cashback credit card for those who shop at Asda occasionally. The card earns a respectable 1% on Asda purchases and 0.5% elsewhere, providing higher returns on out-of-store, day-to-day shopping than many other store-based rewards cards. There is no annual fee so even if you only shop at Asda from time to time, the card still offers good value.

Quick Takeaway: Those who spend less than £300 a month at Asda will reap more rewards from the no-fee Asda Cashback card than the Asda Cashback Plus card. See the following chart to understand the monthly rewards for both cards, based on monthly Asda purchases.

Asda Cashback Plus Card vs Sainsbury’s Nectar Purchase Credit Card

The Sainsbury’s Nectar Purchases Credit Card offers good rewards to Sainsbury’s grocery and fuel shoppers. On top of Nectar rewards worth 0.5% on Sainsbury’s shopping earned through the Nectar loyalty program (earned regardless of payment method), paying with this credit card entitles users to additional Nectar points worth another 1%, yielding an effective rewards rate on Sainsbury’s shopping of 1.5%. Beyond that, users only earn about 0.1% on non-Sainsbury’s purchases making it marginally less attractive for out-of-store purchases than the Asda Cashback Plus card. On the positive side, the Sainsbury’s card has no annual fee, and those looking for a welcome bonus can pick up 5,000 Nectar points (worth about £25) by spending £800 in the first three months.

Quick Takeaway: The choice between these two cards largely comes down to where you prefer to shop: Asda or Sainsbury's. Beyond that, the Asda card offers slightly higher returns.

Asda Cashback Plus Card vs Platinum Cashback Everyday Credit Card by American Express

The Amex Platinum Cashback Everyday card is one of NimbleFins’ favourite cards for all-around cashback rewards, for those with strong credit histories. The card is offering 5% cashback for the first 3 months (up to £100 cashback on maximum £2,000 of purchases), followed by cashback of 0.5% to 1%, depending on spend. This offer is hard to beat; in the short term the Amex card offers a superior cashback rewards rate.

We like that Amex’s cashback rewards come as a credit on your card statement. You are not limited to redeeming your “cashback” at a particular store, like Asda cashback. However, Amex cardholders must wait to receive their rewards, as cashback is only paid out once a year. While Amex cashback is very attractive, you’ll need a strong credit rating to be approved. You shouldn’t apply for the Platinum Cashback card if you only want one card in your wallet, as Amex isn’t accepted everywhere. It is, however, accepted at most major retailers including Asda.

Quick Takeaway: The Asda Cashback Plus card has the potential to create more long-term value, especially if you shop at Asda for food or fuel, Living, or George.com. The Amex Platinum Cashback Everyday card will serve you better if you would prefer your cashback as statement credits rather than Asda store vouchers and for non-Asda spending.

Erin Yurday

Erin Yurday is the Founder and Editor of NimbleFins. Prior to NimbleFins, she worked as an investment professional and as the finance expert in Stanford University's Graduate School of Business case writing team. Read more on LinkedIn.

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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.