MSE News: 'Irresponsible' Asda pushes costly credit card cash for Christmas

Plushchris

Probably still cheaper than a payday loan though..

alfred64

opinions4u wrote: »

Given that Asda decided to jump into bed with Sygma and stick their name on the card, they're in on it. They have a business relationship to manage.

Can't really sympathise with Asda.

Can't really sympathise with those upset by the advert.

Can't really sympathise with those daft enough to take cash advances like this.

Bah humbug.

Merry christmas.

iaintw

asdas credit cards are run by santandar bank

alexhassan

StevieJ wrote: »

Not 100% accurate article, not all credit cards charge for cash withdrawal e.g. Halifax Clarity.

Close, but no cigar. There's no initial fee but they still charge interest from the day you withdraw the money. I.e. even if you pay in full with a direct debit there will still be a cost to you. It's still better than the average credit card, but still you probably shouldn't be planning to do habitually.

EycplUK

jobdone1 wrote: »

This is a joke, this country is near bankrupt mainly due to irresponsible lending the government said we all must get a grip and yet the fsa are still allowing companies and banks to push irresponsible lending onto the consumer and this is a prime example of this.

If we continue to live for today and lets forget tomorrow our younger generation will be living in a third would country.

We all must stem the flow of storing up problems for our young it is totally irresponsible.

What do you mean ? will be living in a third would country.
They already are !!

ChopinonaBudget wrote: »

Sadly, not everybody in this world is financially literate enough to understand why this is a bad thing, unless it is made abundantly clearly them in simple, clean, and clear English.

Pardon ?

opinions4u wrote: »

Given that Asda decided to jump into bed with Sygma and stick their name on the card, they're in on it. They have a business relationship to manage.

Can't really sympathise with Asda.

Can't really sympathise with those upset by the advert.

Can't really sympathise with those daft enough to take cash advances like this.

Bah humbug.

What a nice Sympathetic line !

melbell

iaintw wrote: »

asdas credit cards are run by santandar bank

No, they are not.

Dave_the_lecky

For the last 4 weeks we have scammed ASDA
simple to do and legal.
Wife and I, 1 trolley each, £50 of goods in each trolley, 2 £100 reloadable ASDA cards to pay for each trolley.

The reloadable cards cost £95 for £100 spending power.

Each trolley over £40 gets a £5 discount off next shop.

If you paid more than you would have at (Tesco, Morrisons, Sainsbury or Waitrose you will get the difference back.

All you have to do is enter the barcode from the original till receipt into the ASDA website and print off the vouchers.
We use our own different email addresses when applying

If you see a receipt lying in the bottom of the trolley (not yours) your using put it in your pocket and register that also, it may be worth it, you can use other ID if you feel you are being dishonest. It all a bit of a hassle but a challenge to.

melbell

Advocating fraud there?

If you have access to a logbuy card you can get a get a £150 asda voucher for £105 How I do my shopping

StevieJ

alexhassan wrote: »

Close, but no cigar. There's no initial fee but they still charge interest from the day you withdraw the money. I.e. even if you pay in full with a direct debit there will still be a cost to you. It's still better than the average credit card, but still you probably shouldn't be planning to do habitually.

That is what I stated, they don't charge for withdrawing the cash You say it is still better than the average credit card, I would say it a lot better than the average credit card card that charges 3% plus a higher interest rate (my Clarity card is around 12% p.a.). I don't actually use credit cards for withdrawing cash (apart from abroad) but it is useful if, your debit card is swallowed at an ATM.

anon_ymous

callum9999 wrote: »

As ASDA pointed out, it was Sygma who sent this out - not ASDA. (I always get the same thing from my other Sygma issued cards around Christmas and at other random times - like the Royal wedding)

As you published that response, you clearly read it. In which case why does your headline state that Asda is the one pushing it? I know over the last year or so the MSE headlines have become sensationalised tabloid-style, but surely this is simply a lie?

This. Not sure why people are blaming Asda, when it was clearly the fault of Sygma bank