Yonder vs Lloyds: a Guide
Two free credit cards. No monthly fees. No annual commitment. So which one actually rewards you more?
The Lloyds Ultra is a solid new card with a simple promise: spend money, get a little back, eventually. Yonder's Free Credit Card has a different idea - spend money, earn points, and use them on things worth looking forward to, from hotels to restaurant tables and fitness classes. We know we're biased, but we've put the facts together in one place. Here's how they compare.
How Yonder and Lloyds Ultra compare
Accurate as of 19th May 2026. Check Yonder and Lloyds websites for the most up to date information.
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Rewards: Points vs Cashback
Which card rewards you with what?
Lloyds Ultra pays cashback: 1% on everything in your first year, then 0.25% after that. It's simple - but the rate drops significantly once the honeymoon period ends. And there's a catch: your cashback is only paid once a year, in January. That means money you earned in February will land in your account nearly 12 months later.
Yonder works differently. Every £1 you spend earns 1 point - and up to 5 points per £1 at selected Experiences. Those points never expire, and you can use them on things you'd actually choose. Yonder’s curated dining rewards can be found in London, Manchester, Birmingham, Bristol and Bath, Cardiff, Edinburgh and Glasgow, but there’s plenty to choose from if you live outside of those cities - including millions of hotels worldwide and online shopping brands galore.
Yonder members also earn on rent and mortgage payments. During the launch period (to 31 December 2026), free card members earn a flat 1,000 points a month. Heads up this is a welcome offer though, and after the launch period it'll be 200. Still pretty generous though, we think. Exclusions and T&Cs apply too, of course.
Points on Rent & Mortgage payments
Lloyds Ultra doesn't rewards rent or mortgage payments - like most cards, these are excluded from points earning entirely. That’s where Yonder wins.
Until 31 December 2026, new Yonder members earn a boosted rate on rent and mortgage payments:
- Free tier: a flat 1,000 points a month, worth up to £5 a month in rewards value, no minimum spend
- Premium: 5x points per £1 spent, capped at 10,000 points a month, worth up to £50 a month in rewards value.
After the launch period, the standard ongoing rate applies: Free tier: 200 points a month. Premium: 1x point per £1 spent, capped at 2,000 points a month.
Travel
At home in the world
Both cards charge no foreign transaction fees, so you can spend abroad on both without wincing at your statement. Yonder gives you up to £200/month in free cash withdrawals abroad, while Lloyds Ultra has no cash withdrawal fee, though interest applies immediately if you don't clear the balance.
Where Yonder pulls ahead: in-app trip summaries, the ability to convert points to Cathay Pacific Asia Miles, and in-app eSIM access to 120+ countries.
Rewards & Experiences on Yonder
Planning something special or simply can’t be bothered to cook? From catch ups over coffee to nights out on the town, the right rewards credit card lets you do more of what you love for less.
PREMIUM
Fees & APR
Both cards are free. No monthly fee, no annual fee. Where they differ is on APR: Lloyds Ultra's representative rate is 12.9% with a 12.94% variable purchase rate - notably lower than Yonder's 31.6% and 31.60% interest rate.
But, as with all credit cards, if you pay off your balance in full each month, you won’t pay any interest.
Representative APR
Beore we dive into this section, we know Representative APR doesn’t make a lot of sense. If you don’t, you’re not alone — 94% of people don’t know what Representative APR is.
So, if you’re thinking “WTF is APR?”, we ran our CRO a bubble bath and asked him to explain what APR is for us.
Here's how the two cards compare:
Now that’s out the way, here’s a how Yonder and Lloyds Ultra stack up on APR.
Yonder
Lloyds Ultra
Verdict
If you want a set-it-and-forget-it card that feeds cashback back to your account annually, Lloyds Ultra does a solid job.
But if you want a free card that actually rewards you with experiences worth having - and builds towards travel, dining, and more - Yonder's Free Credit Card is the more rewarding choice from day one.
To apply for a Yonder card, you must be 18+, UK only and T&Cs apply. Rep 31.6% APR var. Borrow responsibly.
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