Yonder joins the travel insurance space

Tuesday 5 July 2022 13:17 CET | News

UK-based credit card startup Yonder has looked to rival the likes of Revolut, Monzo, Curve, and Amex.

After beta testing, Yonder is launching travel insurance for all its members. The insurance covers COVID-19, both before departure and at their destination, missed flights, and cancelled or delayed departures.

It also covers holidays with the UK that are over 100km from their home. Company officials stated that insurance is one of the core benefits of a lifestyle credit card, but the credit industry is outdated. Just as it’s harder than ever to spend rewards points on something you actually want, policy coverage has also fallen behind the times.

The new offering will be included in the price of membership (GBP 15/month) and has been valued at GBP 175/year. Yonder hopes that the new offering will help strengthen its position in the lifestyle credit card market and lure customers over from legacy providers. The travel insurance policy has been built together with AXA.

More: Link

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Keywords: credit card, COVID-19, insurance, travel payments
Categories: Payments & Commerce
Companies: American Express, Curve, Monzo Bank, Revolut, Yonder
Countries: World
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