ASDA Money cashback credit card rate drop

Midland45
Midland45 Posts: 93 Forumite
First Anniversary First Post Combo Breaker
edited 22 February 2018 at 5:16PM in Credit cards
Just received a letter stating the cashback rate for non Asda shop/fuel is dropping from 0.5% to 0.2%. The rate remains 1.0% for Asda spend, these changes are from 13/04/18.
«13456

Comments

  • WillPS
    WillPS Posts: 3,461 Forumite
    Newshound! First Post Name Dropper First Anniversary
    Well that kills the product. Can anyone confirm whether the 'Plus' variant has a similar drop?
  • dj1471
    dj1471 Posts: 1,968 Forumite
    First Anniversary First Post Home Insurance Hacker!
    Are you still receiving cashback or have you been switched to vouchers?

    Just wondering if both are affected or just one.
  • stevenhp1987
    stevenhp1987 Posts: 907 Forumite
    First Anniversary
    This will be a result of the new interchange cap (0.3% max fee).

    I'd expect a lot of other card providers to follow suit as they are making a loss on 0.5%
  • Akahotpot
    Akahotpot Posts: 155 Forumite
    First Anniversary
    I use Asda petrol and shop there as its convenient but will have to see what other reward cards are available for non ASDA purchases
  • ixat
    ixat Posts: 42 Forumite
    First Anniversary Combo Breaker
    Ah. Interesting! Not had that letter yet - probably in the post.
    I stopped using my Tesco card as the points are becoming almost worthless progressively and now the Asda card will lose much of its attraction.
    I've been paying flights and car insurance on it recently since card charges were dropped by the insurers/airlines and have got about £15 in vouchers now to cash in (bottle of whiskey maybe!); every little (used to) help etc.
    Back to cash? Maybe not.....
  • 20aday
    20aday Posts: 2,610 Forumite
    First Anniversary Combo Breaker First Post PPI Party Pooper
    And it appears they!!!8217;ve yet to update their website as it!!!8217;s still showing the old cash back rates...
    It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.
  • Birdman2015
    Birdman2015 Posts: 222 Forumite
    First Anniversary Name Dropper First Post
    As soon as I saw this post last night I applied for a Tandem card, I was intending getting that card anyway for holiday spending but will now use it for back up to my AMEX card.
  • Frank99
    Frank99 Posts: 609 Forumite
    First Anniversary Name Dropper First Post Photogenic
    That is disappointing, i'll be looking out for that letter!
    Enjoy everyday like it's your last!
  • Midland45
    Midland45 Posts: 93 Forumite
    First Anniversary First Post Combo Breaker
    edited 24 February 2018 at 9:46AM
    dj1471 wrote: »
    Are you still receiving cashback or have you been switched to vouchers?

    Just wondering if both are affected or just one.
    I only recently got the cashback card, didn consider the Plus card due to the monthly fee, so only had the option for Asda vouchers. I did apply via TopCashback and got £20, not that they have actually coughed up yet.
    I do tend to get fuel at Asda so will still use it for that and its 1% cashback voucher. My wife also has a card, and even though we both applied the same day, she has not yet received the dreaded letter. No doubt it is winging its way here also.
  • roddydogs
    roddydogs Posts: 7,478 Forumite
    Name Dropper First Post First Anniversary
    Its a pain but where else do you go?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards