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Balance Cancellation Cover

We could pay off your ASDA Credit Card for you

Balance Cancellation Cover is a payment protection plan that could pay off your ASDA Credit Card balance in full# if you find yourself unable to make your repayments.

Give yourself and your family peace of mind with Balance Cancellation Cover

Because you don't know what life is going to throw at you, it's well worth being prepared for anything. That way, if the worst happens, at least you know you and your family will be okay.

If you find yourself unable to make your ASDA Credit Card payments, we could make things a little easier. Balance Cancellation Cover can pay off the full balance of your ASDA Credit Card (up to £15,000#). And you can take out this great cover now for just £1 per £100 of your monthly statement balance.

How Balance Cancellation Cover works

How to get Balance Cancellation Cover

You can take out Balance Cancellation Cover when you apply for an ASDA Credit Card. If you already have an ASDA Credit Card, just call 0871 522 5888. Calls may be recorded or monitored. Calls cost 10p per minute plus network extras.

Lines open 8am to 9pm, 7 days a week.

* ^ † ^^ ‡ ** ◊ #Click here for all terms and conditions including those relating to 0% p.a on Balance Transfers.

ASDA cards are issued by GE Consumer Credit Services Limited. Registered Office: 6 Agar Street, London, WC2N 4HR. Registered in England, No. 3927500. ASDA Stores Limited. Registered Office: ASDA House, South Bank, Great Wilson Street, Leeds, LS11 5AD. Registered in England, No. 00464777. The information contained on this website is only intended for, and is directed at those who access it from the UK.

You can change your mind about taking out Balance Cancellation Cover within 30 days of taking out the cover and you will incur no charges or cancellation fees. To be eligible for cover you need to be aged 18 to 64 and working at least 16 hours per week. *We will not pay if you were not in continuous employment six months before your employment ended or had any knowledge of impending unemployment at the start date of the policy. †We could pay the minimum payment of 4% of your monthly statement balance for the first 60 days then clear the balance at 90 days if you have not returned to work. ‡In the event of your death the balance will be cleared in full. ^Subject to your claim being approved. #Lower of £15,000 or Credit Limit. 'We' refers to the Insurer – Financial Insurance Company Limited and Financial Assurance Company Limited.

The ASDA card offers a range of rates from 17.8% to 24.8%*, with a typical 17.8% APR variable.
*Rates are annual interest rates. Account opening is subject to status to UK residents aged 18 years or over.