Do you wonder what the Lemonade Finance (LemFi) rewards program is all about which gives customers points or cashbacks when sending money abroad?

In this post, you will learn:

• What LemFi Rewards are and how they work.
• How to earn points on your transactions.
• How to redeem points for discounts.
• Terms, benefits, and eligibility.

Stay tuned…

What Are LemFi Rewards?

LemFi Rewards are loyalty points you earn when you send qualifying transactions internationally on the LemFi app. These points can be redeemed as to save money on future transfers.

The rewards system is simple:

• Send £20 to earn 2 points, £24 earns 2.4 points, £57 earns 5.7 points etc
• Accumulate 100 points to redeem £1, or 1,000 points for £10.

With LemFi Rewards, every transaction becomes an opportunity to save.

Read: How o Earn LemFi Sign-up Bonus

Key Benefits of LemFi Rewards:

• Cost Savings: Lower your transfer amount using points.
• Loyalty Incentives: Get rewarded for frequent transfers.
• Transparent System: Easily preview points earned for every transaction.

How LemFi Rewards Work

Earning Points

Earning LemFi Rewards points is straightforward:

1. Qualifying Transactions: You earn points when you send money internationally using LemFi. Ensure your transfer meets the minimum send amount of £20.
2. Points Calculation: The number of points you earn depends on your transfer value. For instance:
   • Sending £20 earns 2 points, £24 earns 2.4 points, £57 earns 5.7 points etc

At the time of sending, LemFi’s app will display the exact number of points you’ll earn for that transaction.

Redeeming Points

Using your points is easy:

1. Start a Transfer: Log in to the LemFi app and enter your transfer amount.
2. Apply Points: Tap the “Use Reward Points” option to enable the discount for your transaction.
3. Complete the Transfer: Finish the process as usual, and your points will automatically reduce the transaction cost.

LemFi Rewards make every transfer more affordable, one point at a time.

How to Earn LemFi Rewards

Earning LemFi Rewards points is quick and simple. Follow these steps:

1. Log In to the LemFi App: Open the LemFi app on your device and log in with your credentials.
2. Tap on Send Money: Select the currency you want to send, such as GBP.
3. Enter the Transfer Amount: Input the amount you want to send. If it’s £20 or more, the app will display the points you’ll earn.
4. Add Recipient Details: Enter the details of the person you’re sending money to, or select from your saved beneficiaries.
5. Review and Confirm: Double-check the transaction details and send your money abroad.

With every qualifying transfer, you’ll see your rewards balance grow.

How to Redeem LemFi Points

Redeeming LemFi Rewards points is just as simple as earning them. Here’s how to use your points for discounts on your next transfer:

1. Log In to the LemFi App: Open the LemFi app and log in using your credentials.
2. Tap on Send Money: Choose the currency you wish to send, such as GBP.
3. Enter the Transfer Amount: Specify the amount you want to send. If you have sufficient points, an option to apply them will appear.
4. Enable “Use Reward Points”: Tap the “Use Reward Points” option to apply the points you’ve earned toward the transaction.
5. Add Recipient Details: Enter the recipient’s information or select a saved beneficiary.
6. Review and Confirm: Double-check your transaction details and proceed. The points will automatically reduce your transaction fee.

Using LemFi Rewards makes your transfers more affordable and helps you maximize savings with each transaction.

Terms and Conditions

Understanding the terms and conditions of LemFi Rewards is crucial to making the most out of this program. Here are the key rules:

Minimum Send Amount to Earn Points

• You must send at least £20 in a single transaction to qualify for LemFi Rewards.

Restrictions

• You cannot earn points on transactions fully paid with points.
• The minimum points value you can apply toward a transaction is 1 GBP. Points worth less than this cannot be used.

Points Expiry

• Good News! LemFi Rewards points do not expire, allowing you to accumulate them over time without worry.

These straightforward conditions ensure a fair and transparent rewards program, giving you control over how and when you redeem your points.

Countries and Transactions Eligible for Rewards

LemFi Rewards are available for international money transfers to all supported countries. This includes popular destinations such as:

• Nigeria
• Ghana
• Kenya
• Cameroon

Whether you’re sending money to family, friends, or business partners, LemFi ensures you earn rewards on eligible transactions, provided they meet the minimum send amount of £20.

With LemFi’s extensive coverage, earning rewards is as inclusive as it is straightforward.

FAQs

Tips to Maximize LemFi Rewards

To get the most out of LemFi Rewards, follow these tips:

1. Send Money Regularly

Frequent transfers mean more opportunities to earn points. Consider using LemFi for all your international money transfers.

2. Plan Larger Transactions

The more you send, the more points you earn. Sending £20 or more earns points. You get no reward for sending less than £20 abroad.

3. Check Your Points Balance

Regularly monitor your points in the Rewards section of the app. This ensures you know when you have enough to redeem for discounts for international transfers.

Summary

LemFi Rewards make international money transfers more affordable and rewarding.

Here’s a quick recap of the key points:

• Earn Points: Send at least £20 to qualify for points. The more you send, the more you earn.
• Redeem Points: Use your points to reduce transfer fees—a minimum 1 GBP worth of points is required for redemption.
• Transparent and User-Friendly: Easily preview points earned for every transaction and enjoy a seamless redemption process.

​​If you found this guide helpful, please share it with others who might benefit from it.

unleash.com.ng is dedicated to providing valuable information on managing your finances. Keep an eye out for future articles on Lemonade Finance app and other helpful financial topics!

If you have any questions or need further assistance, feel free to ask in the comments below or the Facebook page.