Accepting Asda CC Agreement.

jsward60

The final stage of the application is very thorough about making sure you are aware of two specific clauses in the terms and conditions:

"By typing your name you agree to us checking your details as detailed in the “Use of Your Information” notice contained in clause 23 of the terms and conditions. Your application is not accepted until we have informed you that we have accepted your application and that the agreement is made, please see clause 25 of the terms and conditions for full details"

and

"I confirm that I am 18 years or older and I have read the Terms and Conditions including the important information section 'Use of your Information' notice contained in clause 23 and clause 25 'Making of the Agreement'

But if you do read the Ts and Cs they link to, there is no clause 25, or even a section titled, 'Making if the Agreement', so where does that leave you?

https[colon, slash, slash]credit-cardapply.asda.com[slash]global[slash]widgetpages[slash]terms-and-conditions.html

Sorry, as a "new" user I can't do links yet. Registered years ago but don't post in the forum much.

HuttonFrank_2

I wouldn't bother. I got an Asda credit card, because they pay 0.5% cashback.(Apart from Santander 123 no one else does, but they have a annual fee of £36, which is more than the cashback as I don't spend much on petrol.) But when I got my statement my credit limit was £300.
I have quite a few credit cards. The lowest credit limit is £3400 and the highest £10,000. I have never been in any debt problem, I am over 70, I have a large amount of savings and high income from pensions. They refused to increase it until 6 months after opening. If I exceed the credit limit the charge is £12!

jsward60

Thanks for the feedback, Frank. I'm only doing this because I always clear my current card at the end of the month so I thought I may as well be earning on it. I don't need a massive limit. I shop at Asda fairly regularly but even if I shift £500 a month between them and other retailers the cash back will barely buy me a pint. Still, a free pint every month is better than nothing.

But that still doesn't answer the legality of saying that you have read something that doesn't exist. If I say I have then it's clearly a lie, so does that void the agreement?

fruitisbad

HuttonFrank wrote: »

I wouldn't bother. I got an Asda credit card, because they pay 0.5% cashback.(Apart from Santander 123 no one else does, but they have a annual fee of £36, which is more than the cashback as I don't spend much on petrol.)

5% cashback or 0.5% cashback? There's plenty of cards offering cashback at 0.5% or more

redpete

jsward60 wrote: »

But that still doesn't answer the legality of saying that you have read something that doesn't exist. If I say I have then it's clearly a lie, so does that void the agreement?

Ring the customer service number for ASDA CC and ask them.

hasdogs

jsward60 wrote: »

I don't need a massive limit. I shop at Asda fairly regularly but even if I shift £500 a month

If you get the ridiculous £300 limit you won't be able to shift £500 a month. If you request a higher limit before getting the card and get £1000 like I did you are still marginal shifting £500 a month. I thought I would manage with a £1000 limit but I was wrong. The 3 weeks between statement date and full payment DD date means the credit limit has to cover about 7 weeks of spending. A £500/month spend requires a £900 credit limit leaving zero contingency.

I never had a card with such a low limit before to need to understand the requirement. They would not increase the limit for 6 months and the experience of others is it won't be increased by much anyway so I got rid.

Ben8282

Quite aside from the question of utilisation ratios, I think that if you are using a card and paying in full each month by dd you really need a credit limit of at least 3X average monthly spend to feel comfortable.
A card with a £300 limit is useless as a mainstream card.

jsward60

Well there you go, all seems like a bit of a runaround for the sake of maybe an extra three quid a month.

Cheers, all.