Asda Reward Card

Summary

Asda Reward Card is provided by Santander.

The representative APR is 18.9%APR variable.

New customers will receive an introductory balance transfer rate of 0% for 12 months.

This makes Asda Reward Card a good option if you're looking to transfer an existing credit card balance and don't want to make purchases.

How long will it take to repay with the Asda Reward Card

Balance transfer Purchases

Balance (£) Monthly payment (£)

Fixed payment

By switching to the Asda Reward Card, you could pay off £1000 in by budgeting £50 each month. This would effectively cost you £50.

Minimum payment

By comparison, if you only make the minimum payment each month, it would take to repay, costing you a total of £721,725 on top of the original balance! If this seems high, that's because your minimum payment is calculated as a percentage of your balance. This means each payment will be slightly lower than the month before which will have less effect on clearing your balance. So be smart and pay as much as you can afford!

Customer reviews (1)

"Guest review for Asda Reward Card" Guest, 9th Mar 2011

I have been a Santander /Asda credit card customer for a while and am appalled at how they treat customers. The 1st problem is speaking to someone in a call centre in India who was rude, unwilling to deal with my query by not allowing me to speak to a more senior staff member. They operate a call back option where you have to wait 2 days and do not allow you the option of speaking to a superviser/manager as they are too busy! I wished to cancel my card cleared my balance in full and a week later received a bill even though my balance was zero. The customer service agent 'you have to pay before we cancel the card' even though my balance is cleared. The next excuse is system/technical problems not allowing the card to be cancelled. I would advise anyone to reconsider taking out an asda credit card as Santander has proven it is not customer oriented at all and if you wish to have a conversation with someone all the way in India who frankly don't have a clue then good luck

Rates & Charges

Introductory rates

Balance transfers

0% for 12 months 45 cards better than this

Balance transfer fee

2.99% 70 cards better than this

Purchases

0% for 3 months 74 cards better than this

Ongoing rates

Typical APR

18.9% 97 cards better than this

Balance transfer rate

16.8% 41 cards better than this

Balance transfer fee

2.99%

Balance transfer limit

Unknown

Cash advance rate

28.4%

Fees and Charges

Annual fee

£0

Cash advances

3% or £3 minimum 59 cards better than this

Foreign currency transactions

2.75% 72 cards better than this

Late payment fee

£12

Over limit fee

£12

Returned payment fee

£12

Insurance and Protection

Payment protection

Free warranty cover

Free price protection insurance

Online fraud protection

Travel insurance

Lost luggage cover

Travel delay insurance

Travel insurance upgrade

Requirements to qualify

Minimum credit history

Good

Minimum age

Minimum income

£0.00

Must be employed

Yes

Repayment

Interest charged from

Debit

Interest-free period

56 days

Interest-free period on cash advances

None

Time to make payment after statement date

56 days

Minimum payment

1% of balance or £5

Payment by direct debit

Available

Rewards

Rewards Point Descriptions

Asda Reward Points: 4 points are earned for every £4 spent in the first three months of account opening and in the first December when the cardholder shops at Asda 2 points are earned for every £4 spent elsewhere during the first three months of account opening and every time the card is used to shop at Asda thereafter 1 point is earned for every £4 spent outside of Asda Each point is worth 1p, a running total of points earned is printed on monthly card statement, every November points are then turned into money off vouchers to spend in any ASDA store. Earning points is limited to the first £10,000 spent on the card each year.collapse

Rewards Shopping Descriptions

If cardholders pay by their Asda card on www.asda.com, delivery is free on orders over £99 (normally £3.99). 5% discount available at Asda Living stores when Reward Credit Card used to pay.collapse

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