--- title: Do I Need to Redeem My Rewards? description: Do I have to redeem? --- [Skip to content](https://help.yeeld.com/do-i-need-to-redeem-my-rewards#main-content) ![Logo - Colour Grey Text V1 (1)](https://help.yeeld.com/hs-fs/hubfs/Logo%20-%20Colour%20Grey%20Text%20V1%20(1).png?width=200&height=59&name=Logo%20-%20Colour%20Grey%20Text%20V1%20(1).png) - [Privacy Policy](https://yeeld.com/privacy-notice) - [T&Cs](https://yeeld.com/terms-and-conditions) - [Glossary of Terms](https://yeeld.com/glossary-of-terms) Open main navigation Close main navigation - [Privacy Policy](https://yeeld.com/privacy-notice) - [T&Cs](https://yeeld.com/terms-and-conditions) - [Glossary of Terms](https://yeeld.com/glossary-of-terms) Find what you’re looking for. - There are no suggestions because the search field is empty. 1. [Yeeld Support Centre](https://help.yeeld.com/?hsLang=en-gb) 2. [Rewards](https://help.yeeld.com/rewards?hsLang=en-gb) 3. [Rewards Programme](https://help.yeeld.com/rewards?hsLang=en-gb#rewards-programme) # Do I Need to Redeem My Rewards? ## Clarifies the automatic nature of cashback crediting in the Yeeld app **Y**es. Rewards are earned as **Yeeld Coins** and need to be redeemed before they become cash. How and when you can redeem your rewards depends on whether you're using the Free plan or **Yeeld Companion**. --- Free Members If you're using the Free plan, you can exchange your Yeeld Coins for Pounds Sterling (GBP) and withdraw the money to your third-party bank account. The current minimum redemption amount is: - **1,000 Yeeld Coins**, or - **£10** Once you've reached this minimum, you can redeem your rewards whenever you like. --- Yeeld Companion Members With **Yeeld Companion**, redeeming your rewards is even more flexible. You can: - Redeem your Yeeld Coins at any time. - Receive your rewards directly into your **Yeeld GBP Account**. - Earn **double the Yeeld Coins** on eligible purchases compared to Free members. This means you can access your rewards sooner while also earning them faster. --- Promotional Offers The Yeeld Coin exchange rate, redemption rules and promotional reward rates may change from time to time. Any current promotional offers will always be shown within the Yeeld app. --- In Summary - Rewards is earned as **Yeeld Coins**. - Free members can redeem rewards once they have at least **1,000 Yeeld Coins (£10)** and withdraw them to a third-party bank account. - **Yeeld Companion** members can redeem their rewards at any time directly into their **Yeeld GBP Account**. - Yeeld Companion members also earn **double the Yeeld Coins** on eligible purchases. - Exchange rates and promotional offers may change over time. Redeeming your rewards is simple, allowing you to turn your everyday spending into valuable cashback through the Yeeld Rewards Programme. - [Getting started](https://help.yeeld.com/getting-started?hsLang=en-gb#main-content) - [Opening an Account](https://help.yeeld.com/getting-started?hsLang=en-gb#opening-an-account) - [Navigating the App](https://help.yeeld.com/getting-started?hsLang=en-gb#navigating-the-app) - [Setting Up Your Profile](https://help.yeeld.com/getting-started?hsLang=en-gb#setting-up-your-profile) - [Account Management](https://help.yeeld.com/account-management?hsLang=en-gb#main-content) - [Managing Your Yeeld Account](https://help.yeeld.com/account-management?hsLang=en-gb#managing-your-yeeld-account) - [Currency Wallets](https://help.yeeld.com/account-management?hsLang=en-gb#currency-wallets) - [Account Closure](https://help.yeeld.com/account-management?hsLang=en-gb#account-closure) - [Sending and receiving payments](https://help.yeeld.com/account-management?hsLang=en-gb#sending-and-receiving-payments) - 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[Escalation Process](https://help.yeeld.com/customer-support-and-feedback?hsLang=en-gb#escalation-process) - [Feedback and Suggestions](https://help.yeeld.com/customer-support-and-feedback?hsLang=en-gb#feedback-and-suggestions) - [Penny (AI Assistant)](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#main-content) - [Introduction to 'Penny'](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#introduction-to-penny) - [Core Features of Penny](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#core-features-of-penny) - [Engaging with Penny](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#engaging-with-penny) - [Visual Aids and Insights](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#visual-aids-and-insights) - [Performing Actions with Penny](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#performing-actions-with-penny) - [Summary Reports with Penny](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#summary-reports-with-penny) - [Support and Escalation](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#support-and-escalation) - [Limitations and Premium Features](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#limitations-and-premium-features) - [Compliance and Sensitivity](https://help.yeeld.com/penny-ai-assistant?hsLang=en-gb#compliance-and-sensitivity) - [Complaints](https://help.yeeld.com/complaints?hsLang=en-gb)