There’s a credit rewards programme that lets you earn up to £50 when you pay rent
For most of us, rent or mortgage payments are our biggest expense every month - and often the least rewarding.
No matter how carefully you follow a budget or painstakingly count your pennies, there's something painful about watching a good chunk of money disappear into your landlord's account.
But a new rewards system is turning one of life's most crippling financial burdens into something that could actually pay you back - and you'll earn £100 in points just for signing up and spending in the first 30 days.
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Yonder has launched Rent and Mortgage Rewards, the first FCA-regulated UK credit and debit card to reward both rent and mortgage payments.
Designed to help you to save money every month, the program will reward free members 1,000 points a month on rent or mortgage payments (worth up to £5 a month in Yonder experiences).
For those of you who sign up for premium membership, you'll earn five points for every £1 spent, capped at up to 10,000 points a month (that's up to £50 in Yonder experiences).
Points can then be spent at over 300 travel, shopping, entertainment and dining partners.
From car rental services to flights, department stores and restaurants, your money will go further each month.
What's more, customers will earn 20,000 welcome points on the Premium credit card - worth up to a whopping £100 in Yonder experiences.
Discover where your money could go on the official Yonder website here.
How to earn up to £50 every time you pay your rent or mortgage
Rent and mortgage payments are among the biggest monthly expenses for households across the UK.
Yonder is here to change that.
All members have to do is tell Yonder how much they pay every month, when it’s due and who they’re paying.
Yonder then collects the money from their bank account and sends it directly to their landlord, letting agent or mortgage provider with points earned automatically.
There's no extra step for the person receiving the payment, and no handling or admin fee.
At launch, all renters who pay by standing order will be eligible to earn rewards.
Mortgage rewards will also be available with around 70 percent of mortgage providers*, with customers using the remaining providers expected to become eligible by the end of the year.
How it works:
- You pay money in to the app and Yonder automatically sends it to your landlord or bank.
- You control set up and can easily track payments in the Yonder app.
- You earn one point for every £1 spent and up to 2,000 points a month.
- Boosted rate: You will earn five points per £1 spent, capped at 10,000 points a month, worth up to £50
How much you can earn when paying your rent or mortgage every month
Interested in making your money go further every month?
Find out how much money you could earn every time you pay your rent or mortgage payments:
- Free members will earn a flat 1,000 points a month on rent or mortgage payments, worth up to £5 a month in Yonder experiences*
- Premium members will earn five points per £1 spent, capped at 10,000 points a month, worth up to £50 a month in Yonder experiences*
- Thereafter, the standard rate is 200 points a month for members on the free tier and one point per £1 spent for Premium members, capped at 2,000 points a month
The Premium Credit and Debit card costs £17.99 a month, or £190 if paid annually. New members earn 20,000 welcome points on the Premium Credit card (worth up to £100 at Yonder experiences*) and 10,000 points on the Premium Debit card (worth up to £100 at Yonder experiences*), when you spend £1,000 in your first 30 days.
To find out more, visit www.yonder.com. 18+ and UK only. Membership fee may apply. Rep 73.1% APR for Premium Credit and Rep 31.61% APR for free Credit. Boosted rates offer only runs until 31 December 2026. Borrow responsibly. Exclusions and T&Cs apply.
Topics: Money
Danielle Fowler