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Balance Cancellation Cover

Just 1p for every £1 on your balance

Protect yourself with our award winning credit card protection

If you become ill, lose your job, or you're involved in a serious accident, it's often a real struggle to meet your credit card payments. But with ASDA Balance Cancellation Cover, you can get peace of mind from just 1p for every £1 of your balance. And if you don't have anything on your card, you won't pay a penny!

Your FULL balance paid off after just 3 months

ASDA Balance Cancellation Cover will pay your monthly payments for the first 60 days and if you're still not back on your feet by the 90th day, we could clear the full balance of your ASDA Credit Card.

To take out ASDA Balance Cancellation Cover payment insurance for 1p per £1 of your monthly statement balance, just remember to tick the relevant boxes when you apply for your
ASDA Credit Card.

How Balance Cancellation Cover works

If you can't make your ASDA Credit Card repayments because of:

Unemployment ν~υ, Accident or sickness ~υ , Death υ¥

We could pay 4% of your monthly statement balance for the first 60 days

We could then pay off your ASDA Credit Card balance in full at 90 days♦

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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.

ν ~ υ ¥ ♦ 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 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 who are authorised and regulated by the Financial Services Authority. If you are not satisfied with the service of GE Services or GE Bank, please write to Complaints Department, GE Consumer Credit Services Ltd, Capital House 2, Leeds, LS27 0JG or call us on 0871 522 5888. Calls may be recorded and monitored for security and quality purposes. Calls cost 10p per minute plus network extras. If your complaint cannot be settled in this way, you may be entitled to refer the matter to the Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR. Phone: 0845 080 1800. If you complain it will not affect your legal rights.

The ASDA card offers a range of rates from 17.8% APR to 24.8% APR*, 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.