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  • FIRST POST
    • Midland45
    • By Midland45 22nd Feb 18, 4:06 PM
    • 88Posts
    • 34Thanks
    Midland45
    ASDA Money cashback credit card rate drop
    • #1
    • 22nd Feb 18, 4:06 PM
    ASDA Money cashback credit card rate drop 22nd Feb 18 at 4:06 PM
    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.
    Last edited by Midland45; 22-02-2018 at 4:16 PM.
Page 3
    • J B
    • By J B 14th Mar 18, 9:48 PM
    • 2,878 Posts
    • 1,042 Thanks
    J B
    Our letters arrived today
    • N9eav
    • By N9eav 15th Mar 18, 4:36 PM
    • 4,639 Posts
    • 26,382 Thanks
    N9eav
    My letter too. But I saw yesterday that Aldi are accepting AMEX and as I just bought air tickets on Amex, I am on 1% for the rest of the year. Bye Bye ASDA card
    NO to pasty tax We won!!!! Just shows that people power works! Don't be apathetic to your cause!
    • smipsy
    • By smipsy 15th Mar 18, 5:26 PM
    • 33 Posts
    • 5 Thanks
    smipsy
    My letter too. But I saw yesterday that Aldi are accepting AMEX and as I just bought air tickets on Amex, I am on 1% for the rest of the year. Bye Bye ASDA card
    Originally posted by N9eav
    good stuff!

    i applied for amex at the end of November, and at that time I got their "someone needs to check it" message, and few days got declined. it was only later that I ended up checking ClearScore where I realised that my report with them is totally messed up, they had me as not on electoral roll and had no information about my cards at all for whatever reason (noddle and mse club both have all my data)

    Normally I'd get an amex now too for the cashback, since asda is dropping, but i guess it's far too soon to apply again with amex, so i'll just stick with aqua I suppose
    • darren72
    • By darren72 21st Mar 18, 11:57 PM
    • 1,213 Posts
    • 264 Thanks
    darren72
    We still haven't had our Asda credit card letter....
    • WillyWonga
    • By WillyWonga 23rd Mar 18, 10:03 AM
    • 308 Posts
    • 172 Thanks
    WillyWonga
    Not had mine yet doesn!!!8217;t surprise me as everything they do us soooooo slow.

    Manual payments I make via online banking take 2/3 days to show up compared to 2-3 hours for my Cap 1 card. Direct debit taken 2 days ago still not showing as cleared compared to next day for Cap 1.

    I!!!8217;ll be ditching the card after next statement.
    • sharsky53
    • By sharsky53 27th Mar 18, 6:05 PM
    • 6 Posts
    • 0 Thanks
    sharsky53
    I have both Asda cards and will ditch the Plus card after 14 April as per the letter and use the standard 1% card for Asda only. Tandem card no good to me as they don't have a windows app or provide additional card holders and only discovered this after opening an account so now closed that. Tried Aqua who only tell you your credit limit when you receive the card. Offered a poultry 1200 so cancelled that account immediately. Had an Amex card when I worked and earned lots of cashback but now retired and to be honest it's more trouble than its worth as there are so many retailers who won't accept it, B&Q for example. Now got the Amazon card who gave a really good credit limit which is needed for paying for holidays. Drawback is you have to use the points to buy from Amazon. Will all this change when we leave the EU since it was them that squashed card providers to offer cashback.
    • WillPS
    • By WillPS 28th Mar 18, 4:21 PM
    • 319 Posts
    • 152 Thanks
    WillPS
    Aqua is a sub-prime provider. I wouldn't be surprised if 1200 is the max they offer on new accounts.
    • Somerset La La La
    • By Somerset La La La 2nd Apr 18, 2:43 PM
    • 579 Posts
    • 179 Thanks
    Somerset La La La
    Yep 1,200 is Aqua's max initial limit across any card (Apart from Aqua Start which is 100-300), but if you have a decent credit record it'd promptly go up (even my limit is just under 2k and mine's trashed)

    Asda have updated their terms:

    Please note that with effect from 13th April the cashback you earn outside of Asda is changing to 0.2%. If you are accepted for a card today, the change to your account will be delayed by at least 3 months.
    You will be notified 1 month before this change is applied.
    Anyone with the Asda Start or the Cashback Plus (monthly fee) card, could try applying for the normal Asda Cashback card - you'll then (if accepted) get 3 months.

    Obviously slightly hit to the credit file of a new account and new search though, so don't try this if you've got any big apps coming in the next 6 months or so.

    Unsurprisingly, I'm not eligible
    • smipsy
    • By smipsy 10th Apr 18, 7:30 PM
    • 33 Posts
    • 5 Thanks
    smipsy
    so how exactly does it work now? all transaction before 13th will be 0.5%, everything after 0.2%? All transaction in the statement including 13th will be rated as 0.2%?

    have some shopping to do tomorrow, so wondering whether to use the ASDA card or Aqua
    • sharsky53
    • By sharsky53 11th Apr 18, 4:23 PM
    • 6 Posts
    • 0 Thanks
    sharsky53
    ASDA betrayal.
    I will stop using my plus card as of 14 April (date given in my letter) but will use it for ASDA purchases until statement date which will be around 25th April. This is so I get maximum offset for the 3 fee. I will then call them to cancel the card and use the green ASDA card for ASDA purchases only. The plus card served me well whilst in use and most cashback was earned outside of ASDA. It's becoming increasingly difficult to get anything back out of these greedy credit card companies.
    • eskbanker
    • By eskbanker 11th Apr 18, 5:50 PM
    • 7,864 Posts
    • 8,701 Thanks
    eskbanker
    It's becoming increasingly difficult to get anything back out of these greedy credit card companies.
    Originally posted by sharsky53
    Not sure that particular patch of moral high ground is particularly sustainable: "they won't give me as much money as I want so that makes them greedy"!
    • WillPS
    • By WillPS 12th Apr 18, 5:47 PM
    • 319 Posts
    • 152 Thanks
    WillPS
    Yep 1,200 is Aqua's max initial limit across any card (Apart from Aqua Start which is 100-300), but if you have a decent credit record it'd promptly go up (even my limit is just under 2k and mine's trashed)

    Asda have updated their terms:



    Anyone with the Asda Start or the Cashback Plus (monthly fee) card, could try applying for the normal Asda Cashback card - you'll then (if accepted) get 3 months.

    Obviously slightly hit to the credit file of a new account and new search though, so don't try this if you've got any big apps coming in the next 6 months or so.

    Unsurprisingly, I'm not eligible
    Originally posted by Somerset La La La
    Very poor that they still haven't updated the brochure site, or the cashback calculators (which give an impossible annual cashback amount) to show this.
    • sharsky53
    • By sharsky53 13th Apr 18, 12:19 PM
    • 6 Posts
    • 0 Thanks
    sharsky53
    I think they are taking away what they started giving and promoted, that's why most people chose this card. Reducing the benefits to card holders whilst maintaining the 3 monthly fee can only increase the benefits to the card provider. Greed or not, it's a way to boost their profits. Never heard of a credit card company going under.
    • eskbanker
    • By eskbanker 13th Apr 18, 12:37 PM
    • 7,864 Posts
    • 8,701 Thanks
    eskbanker
    I think they are taking away what they started giving and promoted, that's why most people chose this card. Reducing the benefits to card holders whilst maintaining the 3 monthly fee can only increase the benefits to the card provider. Greed or not, it's a way to boost their profits. Never heard of a credit card company going under.
    Originally posted by sharsky53
    You're only looking at one side of the equation though, in assuming that their profits are increasing - as discussed regularly on here there are revenue reductions from regulatory pressures such as the likes of the interchange cap and the prohibition of surcharging, so it's unsurprising that they have to reconsider how much they can rebate via cashback schemes, which is why those offerings that survive at all have lower rates than they used to....
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