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Yonder credit card review 2022
Looking to build up a credit profile from scratch, plus the added benefit of earning rewards while you spend? The Yonder credit card has launched in the UK.
Jumping on the fintech train, Yonder uses open banking to create a personalised picture of your spending habits to help you get the most out of your Yonder credit card.
- Earn reward points on your everyday spending
- Comes with a high account fee of £0 for the first 3 months, £15 per month thereafter.
59.3%
Representative APR
0%
Foreign transaction charge
Up to 45 points
Intro bonus
Earn 1 point
per £1 spent
Details
Issuer | Transact Payments |
---|---|
Network | Mastercard |
Representative APR | 59.3% APR (variable) |
Annual/monthly fees | £0 for the first 3 months, £15 per month thereafter. |
Loyalty scheme | Points |
Incentive | Welcome offer: First 3 months free membership, thereafter £15 monthly membership fee, plus a sign-up reward of £50 at one of Yonder's partners. Terms apply. |
Purchases | 23.94% |

Review by
Emily Herring
emily.herring@finder.comEmily Herring is a Publishing Executive at Finder specialising in credit-based products including credit cards and business and personal loans. Emily has a Masters in Creative Writing & Publishing and a Bachelor of Arts in Communication & Media.
Expert review
Offering the opportunity to build a positive credit profile, with the perk of no spending fees abroad and earning rewards on your everyday spending (granted you repay your balance in full each month), the Yonder credit card is an appealing option. And have you seen the stylish metal card design? What more could you want?
Let’s talk about the rewards. Yes, it’s great to see a credit building credit card offer this option, but unless you’re a Londoner or planning to travel to redeem your points, wider UK residents might benefit from another rewards credit card at this present time. Or if you are planning to carry over a balance each month, you might be trading in those reward points for interest.
Overall, if used correctly, the Yonder credit card could be a great asset if you are planning to make a positive impact on your credit score. Each month, Yonder will report your monthly repayments to Experian. If you keep on top of your debts and pay them on time, you could start building your credit score and potentially unlock other financial facilities like a mortgage. But, if you don’t, you could create a negative impact on your credit score.
Pros and cons
Pros
- Stylish design and made out of metal
- Earn rewards points on your everyday spending
- No spending fees abroad
- Smart fraud protection with the Yonder app (available on iOS and Android)
- Yonder offers to help you build your credit report
- Uses open banking rather than traditional credit checks to see if you're eligible for the card
Cons
- High account fee of £15 per month
- Fairly high annual purchase rate compared to other cards
- Not all banks have integrated with Yapily, the open banking provider Yonder uses, this might draw out your application process
- Currently rewards can only be redeemed in London
How does it compare?
Yonder's card
Other popular credit builders
What is the Yonder credit card and how it works
Founded in 2021 by former Clearscore employees Tim Chong, Theso Jivajirajah and Harry Jell, Yonder aims to help its customers build their relationship with credit. If used correctly and monthly repayments are kept on top of, you could take advantage of the added bonus of earning rewards while you spend.
The London-based fintech firm understands that the traditional (and potentially outdated) methods of checking customers’ eligibility for credit cards can marginlise those who are trying to iron out a patchy credit history. After running an initial soft credit check, Yonder uses Yaplily’s open banking to assess your real-time spending data and provide you with an appropriate credit limit suited to you and not what is written on a credit report.
Features
- Earn rewards. Yonder offers some appealing rewards features with this credit card, if you live in or plan to travel to London. With an earn rate of 1 point per £1 spent (added after each transaction), you can redeem your rewards at the Yonder-picked restaurants, bars and tickets to events. When you redeem your points, Yonder will cover the cost up to a fair-use limit. “For example, for 3,500 points at Kricket we’ll cover your meal and drinks up to £100. Anything above that amount will be charged to your card.” (Example as of 28 April 2022).
- Slick metal card. The Yonder credit card has a stylish design and you won’t need to worry about the card snapping, as it is made of metal – I know, super slick! And if you’re techy or prefer to pay on your phone, Apple Pay is available for this credit card. But remember, as much as it is fun to whip out a metal card at the checkout, only spend as much as you can afford.
- Smart fraud protection. Yonder allows you to instantly freeze and unfreeze your card in the app if you need to.
- App. With the Yonder app, you have the option to manage your repayments, request cashback and receive instant payment notifications. You can also use the app to initially apply for the Yonder credit card. The app is available on iOS and Android but is not currently supported on tablet devices.
Repayment options
All payments need to be made by the 15th of every month. You can make manual repayments through Yonder’s app, by logging in to your online banking or over the phone. Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee as a result. You can arrange a direct debit for repayments when you apply for the credit card.
It’s best practice to repay your debts in full each month, particularly if you are planning to rebuild positive credit. If this isn’t always possible, you must repay the minimum amount of £35 (or the total amount you owe if less) or 5% of the statement balance plus interest and charges. However, if you do not repay your debts in full each month, you will sacrifice any reward points and may earn more in interest than you will earn in rewards.
- Warning: Late repayments can cause you serious money problems. For help, contact the government’s free money advice website, MoneyHelper.
Yonder customer reviews
Yonder has received positive reviews from customers, according to customer review sites including Trustpilot, the Apple App Store and Google Play.
It currently has a TrustPilot rating of 4.9 out of 5, based on 86 reviews (updated June 2022). Although still a new credit card, Yonder’s customers who rated the card the full 5 stars, stated that it is a “great user-friendly card”.
Reviews for the Yonder app are mostly positive as well. On the App Store, the app has 5 out of 5 stars, based on 44 reviews. On Google Play it has 5 out of 5 stars, based on just 10 reviews.
How to apply
You can register your interest by filling out the initial registration form on Yonder’s website or app, Yonder will then invite you to apply.
You don’t need a UK credit score to apply for the Yonder credit card, but Yonder will run a soft credit check if you have a credit report and let you know if you’re eligible before you proceed. If you are eligible, Yonder will then run a hard credit check on your credit report.
If you do not currently have a UK credit score, Yonder will ask you to verify your identity and connect your most used bank accounts to help it give you a credit limit that’s right for you.
Verdict
If you’re looking to build a positive credit report, with no spending fees abroad and an added bonus of earning rewards on your everyday spending, the Yonder credit card offers just that. Challenging traditional credit checks, Yonder uses open banking to create a personalised credit limit that reflects your daily spending and not what it says on your credit report. But unless you live in London or travel to the UK’s capital often, you might not be able to make use of the rewards scheme to its full potential.
Frequently asked questions
Finder credit card ratings
Our experts score credit builder credit cards to determine their value against similar products on the market. We look at a number of important factors, like interest rates, credit limits, features to help you track your credit, plus the potential costs involved with running the card both in the short and longer term.
You can read more about our scoring criteria on our credit card methodology page.