I’ve mentioned this before in several articles. There was the one about buying fuel and groceries, and the one about how my Asda Credit Card – which is no longer available – being transferred to the original agent (Creation) and the rewards extended.
Basically, several years ago, Asda was offering a credit card with 2% cashback. You only got the cashback on items from Asda. but since I did all my grocery and fuel shopping there, it was a lucrative offer (as a driving instructor, I typically spend a lot on fuel). Cashback was paid via a voucher you printed off, and you could only use it in-store – not on fuel – but it all levelled out in the end. Depending on how much I’d allowed to build up, I could pay for a full £150 weekly groceries shopping spree by voucher.
Then, I learned that Asda was discontinuing its partnership with the provider – Creation. I expected to lose some or all of the cashback benefits. Much to my surprise, Creation subsequently informed me that from when their card kicked in, I would now gain 2% cashback on any purchase from anywhere! And the cashback would be effectively paid in cash monthly by being credited to my balance. The only tiny, tiny negative was that Asda cashback was immediate, but now it would be monthly.
I pay off my whole balance almost every month (unless I miscalculate), so I am not paying interest except for a few pence. Since the switch in summer, I’ve earned around £300. That’s £300 back on an overall spend of £15,000 – I direct everything I buy to the credit card, whether it’s a TV, an XBox, some new software, or a drone. Even bills.
I’ve noticed recently a small surge in people searching for ‘cashback cards’, so it was worth a bit of an update for them. I can fully understand why they would be asking in these times.
As I have said, you cannot get the Asda Cashback Card I had any longer. You also cannot get the same cashback deal from Creation that I currently have. But there are other deals out there.
Creation does have a couple of choices. But there are others shown on Money Saving Expert. I have been lucky – in the right place at the right time for once – and you won’t get anything like what I have been fortunate enough to find myself getting. Frankly, I can’t see me getting this indefinitely, but you never know. But depending on where you shop, there are still some decent cashback offers and other deals (Nectar points, airmiles, vouchers, and so on). But they are worth checking out,
And Asda says it is ‘working on a new credit card’, so that’s worth keeping an eye on.