Important information
Here's what you need to know about your ASDA Credit Card
| To make it easy, the information below summarises key features of your card and is not intended to replace any terms and conditions | |||||||||||||||
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| APR | Typical 17.8% APR Variable | ||||||||||||||
| Other Interest Rates | Introductory Rate | Monthly Rate | Simple Annual Rate | ||||||||||||
| Purchases | 0% p.a. for 3 months† | 1.378% | 16.537% | ||||||||||||
| Cash Withdrawals | N/A | 2.104% | 25.249% | ||||||||||||
| Balance Transfers | 0% p.a. for 9 months†† | 1.378% | 16.537% | ||||||||||||
| Interest free period | Maximum 56 days for purchases if you pay your balance in full and on time. There is no interest free period on cash withdrawals or balance transfers (other than during the introductory rate offer period). | ||||||||||||||
| Interest charging information |
The periods over which interest is charged are as follows:
The interest free period for Balance Transfers and Purchases only applies to the introductory period. *If the full balance outstanding on the statement is paid and credited to the account on or before the day for payment shown on the statement, no interest will be charged. **Where permitted on account. |
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| Allocation of payments | We will apply payments we receive to your account in the following order:
See the 'Other Financial Information' section of the Credit Card Agreement for full details. |
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| Minimum repayment | Greater of 3% of outstanding balance or £5 each month. Only ever making the minimum repayment will significantly increase the time taken to clear your balance and cost you more. | ||||||||||||||
| Amount of credit | Minimum credit limit £250, maximum credit limit is subject to status. | ||||||||||||||
| Fees | No annual fee. | ||||||||||||||
| Charges | Cash Withdrawals - 3% with a minimum of £3. Balance Transfers - 2.5% with a minimum of £5. Copy Statements – £3.00. Overseas Transactions – 2.75% (including Cash Withdrawals). |
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| Default charges | Late payment fee – £12.00. Over credit limit fee – £12.00. Administration fee for returned cheques or direct debits – £12.00. Tracing fee - £25. |
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†0% p.a. on retail purchases for 3 months on new accounts opened. At the end of the 3 months, if you haven't paid off the balance on these purchases, interest will become payable on the remaining amount at your then current standard retail purchase rate.
††Balance transfers are subject to application by the primary cardholder and the available credit limit on their ASDA Credit Card. The rate of 0% p.a. for 9 months applies to balance transfers that you transfer to your ASDA credit Card within 6 weeks of activating your card. A handling fee of 2.5% (minimum £5) will be charged for each balance transferred. This fee will be shown on the following monthly statement. At the end of the 9 months, if you haven't paid off the balance transfer amount in full, interest will become payable on the remaining amount at your then current standard retail purchase rate. only UK credit card balances may be transferred and are subject to approval. ASDA reserves the right to withdraw these offers at any time.
No Quibble Guarantee
In the unlikely event that you are not totally satisfied with your ASDA card please call our Customer Services on 0871 522 5888 (Callls may be recorded or monitored. Calls cost 10p per minute plus network extras) and take advantage of our No Quibble Guarantee. If you contact us within 60 days of opening your account and pay off your outstanding balance within 30 days, we will close your account for you and waive any interest charges and fees. We may require notification in writing.
Information about money
www.moneybasics.co.uk - simple, clear, independent information about money, facts, case studies and useful contacts to help you make good money decisions.
