Rent and mortgage payments are usually one of those monthly expenses that simply have to be paid. Yonder is now giving members a way to earn points from them, with the launch of its new Rent & Mortgage Rewards feature.
The feature is available to every Yonder member across its free and Premium credit and debit cards. Members can set up their rent or mortgage payment through the app and earn points when each payment is made.
How Do Rent & Mortgage Rewards Work?
Setting up the payment is done through the Yonder app. Members add how much they pay, when the payment is due and who it needs to go to, then put the money into their Yonder account.
The money is sent to the landlord or mortgage provider via standing order each month, with points awarded automatically. Yonder says there is no handling or administration fee for earning points on rent or mortgage payments, and the landlord doesn’t need to do anything differently to receive the money.
The payments use the member’s own money rather than their credit line, so the rent or mortgage payment itself isn’t treated as borrowing. Yonder also says using the feature won’t affect a member’s credit score.
Renters can earn rewards when they pay their rent by standing order, while mortgage rewards are already available with around 70% of UK mortgage providers, including Halifax, Nationwide, Barclays, TSB and Metro Bank. Yonder expects the remaining providers to be added by the end of 2026.
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How Many Points Can You Earn?
The standard rate on the free tier is 200 points a month from rent or mortgage payments. Premium members can earn one point per £1, capped at 2,000 points a month.
New members can currently earn more through a temporary welcome offer running until 31 December 2026. The offer provides up to 1,000 points a month on the free tier and five points per £1 on Premium, capped at 10,000 points a month.
There’s no separate fee for earning these points; Premium members pay the usual Premium membership fee to receive its higher rewards rate.
What Happens To The Payment?
The setup only needs to be completed once – after that, members pay money into their Yonder account and the company sends it to their landlord or mortgage provider through the standing order each month.
Yonder says members can control the setup and track their payments in the app. The feature is also subject to provider acceptance, exclusions and the company’s terms and conditions.
For renters and homeowners, the new feature means a payment that already leaves their account each month can now generate points without requiring them to put the expense onto credit.
To find out more, visit www.yonder.com. Borrow responsibly. £17.99 a month. 18+ and UK only. Rep 73.1% APR for Premium credit card, Rep 31.61% APR for free credit card. T&Cs apply.
