Yonder Card - The rewards credit card for Londoners

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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Hello, nice to see some old faces :wave:

I’m the alumnaut (former Monzo Plus + Premium PMM). Figured I’d jump in to clarify a few of the comments above.

On credit scores / checks
The origins of Yonder were to help make credit more accessible to immigrants (like me, an Aussie, that can’t get credit anywhere). So instead of requiring a credit score, we’ll just check it if you have one. Then we use Open Banking for everyone.

On the interest rate
That is the representative rate which is inclusive of fees. It’s not the rate you’ll pay if you ever need to borrow from us.

On local rewards
Yep, London only for now. But we’re just seeing what appetite there is for rewards like this before we scale it out. You earn points when you spend, then you can redeem points for fully paid meals at cool restaurants or tickets to events.

We’re onboarding our first 150 customers and waiving fees for people who fancy testing it out. Let me know if you’re interested.

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