Yonder Card Chat

UK Financial Chat
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I just got a Yonder card,. Thought I’d make a forum post!

  • Points earning (Not sure how much £1 of a point is, but I can spend them at places I’d actually want to go in London)
  • No foreign exchange fees
  • No credit checks, they scan your bank account using Open Banking to determine if you’re eligible

A modern lifestyle credit card packed with rewards, no foreign exchange fees, and loads more. Apply without needing a UK credit score. Representative 59.3% APR variable.

Use my referral code for 3 months free + £50 in dining credit! :heart:

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Interesting concept. I like the idea of local rewards too. I actually would have imagined a Monzo credit card to be similar to this.

What kind of credit limits are they giving out, do you know?

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59% yikes

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Misread the title as ‘The key shaped card’.

Very disappointed. :-1:

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Not going to lie I genuinely did too.

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Wow the title left me a lil disappointed when I clicked on it. I too was hoping for a key shaped card :rofl:

Looked at it and meh - if you live in LoNdOn and like high APR’s well, but if you live basically anywhere …

Really wish more FinTech firms would realise there’s a whole country to explore

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Am I blind? The only mention of fees is here:
https://help.yondercard.com/en/articles/5944736-if-i-freeze-my-card-do-i-need-to-pay-my-monthly-membership-fee

we’ll continue to charge you £15 a month on the 1st of every month.

That fee isn’t mentioned anywhere else, or am I blind?

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Doesn’t that contradict the no credit search part? If they are doing a soft check anyway.

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it also says it will leave a hard check so the no credit check is actually bull shit lol

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So this is a card for people who are desperate for a card and have a poor credit score :eyes: why else would a representative APR be so high, all I can see is they’re taking on high risk customers

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I wouldn’t have said that was an eligibility check then more anti-laundering checks. To me in the context of credit cards, an eligibility check is to check your finances.

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How do you know that? It doesn’t say where the ‘experiences’ are.

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Their strapline is:

The credit card rewarding you with London’s best experiences

and on the homepage it says:

Only available in London for now

So it does say where they are, it just doesn’t list places… unless that’s what you meant :speak_no_evil:

Perhaps they’re not listed because they’re a bit naff, dare I say it like Monzos offers thing in Plus and you only realise after you sign up.

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@bee thanks for letting us know by the way, and would be really interesting in how you found it.

I don’t think it’ll ever be for me, but I’m just one guy on the internet

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offering local/niche places

Yes, the locations are very niche but definitely on the verge of “cool niche places you can visit this month”.

Current list:

  • Crust Bros
  • Sofar (concerts etc)
  • Lina Stores
  • Kricket
  • Mr Ji
  • The Shed
  • The Water House Project

I quite like it as a young person in London who enjoys going to trendy places, they can’t grow this way in my opinion but they are only like a year old :stuck_out_tongue:

What kind of credit limits are they giving out, do you know?

Very high. Much higher than my Amex :sweat_smile:

So this is a card for people who are desperate for a card and have a poor credit score :eyes: why else would a representative APR be so high, all I can see is they’re taking on high risk customers

Amex Gold has 60% APR, and the APR doesn’t matter as I pay it off each month :slight_smile: A lot of reward cards have very high APRs. Nothing unusual here :stuck_out_tongue:

Also, what does the highlighted bit mean?

The points system is a bit weird. You can spend 1000 points at X place, and that 1000 points is “meal for 2 people” for example. You can also spend 500 points and just get a meal for 1. It’s like if Amex said “you can only redeem X points for this, and those X points will allow you at maximum to get a meal for 2 people”

really interesting in how you found it.

I am quite active in the UK FinTech scheme for obvious reasons :pray: An Alumnaut (ex-monzonaut) now works there and told me about it :slight_smile:

Something to note is that they are only a year old, and they’ve been in beta for around 1 or 2 weeks now? Imagine Monzo back in 2015/16 – super early stage, so a lot of things won’t scale or make much sense outside of their target market.

Edit they launched in beta last week.

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not much use for oldies then :smiley:

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Interesting concept. I’ll wait and see if they grow outside of London before I consider it though, I rarely go in to town anymore. (Thank you WFH!)

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It’s interesting that they’re definitely trying to ‘sale’ themselves as having serious backers and staff with lots of experience in the industry despite being a fairly young company.

‘Our investors have backed Klarna, Trustpilot and Spotify’
‘Our staff have years of experience previously working for Transferwise, Clearscore and Monzo’.

I threw my name into the hat to see if I could get early access (fancy metal card). When I applied I noticed they did specifically ask what city you live in - presumably if they had a lot of sign-ups for another city, they might look at what offers they could do there.

I don’t live in London, but like to visit a couple of times a year (when there’s not, you know, the plague, or threat of imminent nuclear annihilation so maybe not this year) so it’ll be interesting to see if I could save up the points to have a big weekend in the big city when I get there…

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I’ve signed up for the email list.

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I’ve signed up also.