How to apply for the Asda Money Balance Transfer Card: A complete guide
This page explains how to apply for the Asda Money Balance Transfer Credit Card, what information you should have ready and what happens during the application process.
Before applying, check the current eligibility requirements, balance transfer terms and borrowing costs to decide whether the card is appropriate for your circumstances.
Step 1: Check the eligibility requirements
To apply for an Asda Money Credit Card, you must currently be 18 or over and a UK resident. Credit remains subject to status.
You will also need an Asda.com account. If you do not already have one, Asda Money states that you can register during the application process.
Before completing a full application, you must go through the eligibility checker.
The eligibility check uses a soft search to assess the information you provide and verify your identity. This check does not affect your credit rating and is not visible to other lenders.
If Asda Money believes it can offer you a card, the checker can show the interest rate and credit limit you may receive if your application is accepted.
Step 2: Have your information ready
Asda Money states that you will need details of your income, existing financial commitments and your address history for the previous three years.
The eligibility checker asks questions about your personal circumstances, including your income, address history and existing financial commitments.
Asda Money does not publish a standard requirement for every applicant to upload a passport, driving licence, payslips, tax returns or utility bills.
Additional checks or information may still be required depending on your circumstances.
Make sure the information you provide is complete and accurate, as it will be used as part of the eligibility and credit assessment.
Step 3: Submit your application
Applications can be started online through the Asda Money Credit Card website.
After completing the eligibility check, you will be told whether you are likely to be accepted and may be shown the APR and credit limit that could apply to you.
If you choose to proceed, Asda Money states that a hard credit check will then be carried out.
A hard search is recorded on your credit file and may be visible to other lenders.
You will also be asked to review important information and complete the remaining steps required to set up the account.
Step 4: What happens after applying
Asda Money states that credit card applications can receive a decision in minutes, although some applications may require additional review.
If your application is referred, Asda Money says you do not need to take further action unless requested. You should receive an update within seven working days.
If approved, a newly issued card should normally arrive within 7 to 10 calendar days.
Once received, you can manage the account through the Asda Money Credit Card app or online servicing.
If an application is declined, Asda Money explains that its decision considers information supplied during the application and information obtained from TransUnion, its credit reference agency.
Approval is never guaranteed, even if the eligibility checker indicates that you are likely to be accepted.
Step 5: Review the balance transfer terms
The Asda Money Balance Transfer Credit Card currently offers 0% interest for six months on eligible balance transfers.
A 3% balance transfer fee applies, with a minimum fee of £3.
Each balance transfer must currently be at least £100, and you can transfer eligible balances up to 90% of your available credit limit.
The promotional offer is intended for transferring balances from eligible existing credit cards. Balance transfers themselves do not earn Asda Pounds.
It is important to consider whether you can repay the transferred balance during the promotional period.
Any balance remaining after the promotional terms end may be charged interest according to the rates applicable to your account.
Step 6: Review APR and other costs
There is currently no annual fee for the Asda Money Balance Transfer Credit Card.
The card has a 29.9% representative APR variable, based on an assumed credit limit of £1,200.
The current Summary Box states that APRs can range from 27.9% to 39.8% variable, depending on individual circumstances.
The £1,200 figure is used for the representative example and is not a guaranteed credit limit.
Your eligibility check can provide an indication of the APR and credit limit you may receive before you decide whether to continue with the full application.
Simple interest rates for purchases, balance transfers and cash advances can also move in line with changes to the Bank of England base rate.
Before you apply
Review the balance transfer fee alongside the length of the 0% period rather than considering the promotional rate alone.
You should also consider how much you plan to transfer and whether your repayment budget is sufficient to reduce the balance before the introductory period finishes.
Asda Money states that you can only hold one Asda Money Credit Card at a time.
The current balance transfer promotional terms also exclude existing Asda Money or Select Credit Card holders and people who have held one of those cards within the previous 12 months.
Check the latest offer terms before applying because promotional conditions can change.
Who provides the card
Asda Stores Limited, trading as Asda Money, acts as a credit broker, not a lender, for its credit card products.
The Asda Money Balance Transfer Credit Card is issued by Jaja Finance Ltd, which is responsible for providing the credit and assessing applications.
This website does not participate in credit decisions or process applications.
The representative APR is 27.9% variable, but rates can go up to 37.7% depending on your individual circumstances. You will receive your personalised rate after your application is assessed.
Yes, the card can be used wherever Visa is accepted. You will earn 0.75% cashback on Asda purchases and 0.2% elsewhere, making it suitable for everyday purchases.
No, you are not eligible if you currently have or have held an Asda Money or Select Credit Card within the last twelve months. Only new applicants are eligible for the balance transfer promotional rate.
The Asda Money Balance Transfer Card does not provide additional insurance benefits such as travel or purchase insurance. Standard Visa fraud protection applies to all card transactions.
Independent editorial notice: This website provides independent informational content. We are not a bank, lender, credit broker or financial institution, and we are not affiliated with Asda Money or Jaja Finance. We do not issue cards, process applications or make lending decisions. Product rates, eligibility criteria and promotional terms can change, so check the provider’s current information before applying.
Credit is subject to status and eligibility. Missing or late repayments may result in charges and can affect your credit record. If you are experiencing difficulties with debt, free and impartial guidance is available from MoneyHelper.
