LEEDS, UNITED KINGDOM--(Marketwire - Nov. 15, 2012) - The cost of living is increasing. This has pushed up the price of everyday essentials; however, there is a way to make the most of your money. Asda Money explains how their new cashback credit card could help consumers.
Squeezed UK households are feeling the pinch as daily essentials become more and more expensive. Figures show that over a third of households claim a £50 rise in monthly outgoings would push them into a personal finance crisis.*
Cash-strapped Brits are also contending with the rising price of fuel, as well as food and clothing. Asda Money's cashback credit card with no annual fee helps households on all these household must-haves.
Food, clothing and more
Whether you shop as and when you need to or do a big weekly shop, you may have noticed that prices have been creeping up: official figures show that inflation stood at 2.5% in August.
Inflation rises are down to a number of factors, however, there is very little that consumers can do apart from shop sensibly. Asda Money's new cashback credit card allows customers to make the most out of their food shop and gain something back. The Asda Money Credit Card offers shoppers 1% unlimited cashback on Asda shopping. This means 1% unlimited cashback in Asda stores, online and at Asda petrol stations. This also covers the George clothing range and the Living range.
Filling up at the pumps
High fuel prices can be enough to drive motorists into a financial frenzy, but using public transport is not always a cheaper alternative, or an option.
The Asda Money Credit Card offers drivers 1% cashback on fuel purchased at any Asda petrol station too.
In addition to the cashback earned everyday on the credit card also has no annual fee and a low APR.
Asda Money Credit Card owners can go online to use the free account management service. This allows you to access your account 24 hours a day to make payments, check your statements and see how much cashback you've earned. Another great benefit to the credit card is that it offers 0% interest on balance transfers for 12 months+ and the card also comes with no annual fee, unlike other cashback credit cards.
Notes to editors
*Source: Moneysupermarket A £50 rise in monthly costs would push a third of Brits to financial breaking point 23-08-12
About Asda Money Credit Card
- 1% cashback on Asda shopping
- 1% cashback at Asda filling stations
- 0.5% cashback at all other shops
- 0% balance transfers for 12 months+
|Standard Purchases: 14.9% p.a. variable.
|Representative APR: 14.9% variable.
|Total amount of credit: £1200.
|This is for illustrative purposes only and actual total amount of credit may differ.
+Balance Transfer Terms and Conditions: Balance Transfer fee of 2.9% (minimum fee £3 per transaction) will be charged in respect of each Balance Transfer. Subject to account status. Account Terms and Conditions apply. You can Balance Transfer up to 80% of the available credit limit within the first 90 days of account opening. Balance Transfers from existing storecard accounts and loans issued by Creation Financial Services Ltd or Creation Consumer Finance Ltd and credit card accounts issued by Sygma Bank UK are not permitted. Minimum value for Balance Transfer is £50. At the end of the promotional period you will be charged the Standard Rates of Interest in accordance to your Account.
Asda Money is a trading name of Asda Stores Limited. Asda Stores Limited uses a selection of companies to provide its products and services. Please refer to www.ASDA.com/money for details of our product partners and the relevant terms and conditions for each of our products and services.
Subject to status. Applicants must be aged 18 or over and UK resident (including Isle of Man and Channel Islands). The Asda Money Credit Card is issued by Sygma Bank UK, Chadwick House, Blenheim Court, Solihull B91 2AA.