What is Ribbon Rent Rewards?

Ribbon Rent Rewards is a unique rewards programme designed specifically for renters in the UK. It allows tenants to earn points every time they pay their rent, turning a regular monthly expense into an opportunity to gain cashback and other benefits. Unlike traditional loyalty schemes, Ribbon focuses on rewarding renters, a group often overlooked in rewards programmes.

By partnering with landlords and letting agents, Ribbon integrates seamlessly into your rent payment process, making it easy to accumulate points without any extra effort. These points can then be redeemed for a variety of rewards, helping you get more value from your rent payments.

How Ribbon Works

Earning points with Ribbon Rent Rewards is straightforward. Every time you pay your rent through the Ribbon platform or a participating landlord, you automatically earn points based on the amount you pay. The more rent you pay, the more points you accumulate.

  • Automatic enrolment: If your landlord or letting agent uses Ribbon, you’ll be automatically enrolled in the rewards programme.
  • Points per payment: Typically, you earn a set number of points for every pound paid in rent. This rate can vary depending on your landlord’s scheme.
  • Regular payments: Consistently paying your rent on time can sometimes earn you bonus points or unlock additional rewards.

How Brick Rewards Works: Open Banking Explained

Brick Rewards connects to your bank account via open banking, a secure and regulated system authorised by the Financial Conduct Authority (FCA). This connection is read-only, meaning Brick cannot move or access your money — it only detects when a rent payment leaves your account.

When Brick detects your rent payment leaving your bank account on time, it verifies the payment and awards points automatically. This process requires no change to your usual rent payment method, whether you pay a landlord, letting agent, or housemate.

Earning Points with Brick Rewards vs Ribbon Rewards

Ribbon Rewards markets itself as a platform where renters pay rent through their system to earn points and cashback. In contrast, Brick Rewards does not process or hold any rent payments. Instead, it rewards you for paying rent on time by detecting payments via open banking.

This means with Brick Rewards, you keep paying rent exactly as you always have, but you get rewarded for your punctual payments without extra steps or changes.

Building Your Credit Score with Brick Rewards

One unique benefit of Brick Rewards is its credit score building feature. By opting in, Brick reports your on-time rent payments to Experian, one of the UK's leading credit reference agencies. This positive payment data may help improve your credit score over time and demonstrate reliability to lenders.

This feature is especially valuable for younger renters or those with limited credit history, helping you build a stronger financial profile while renting.

Spending Your Points: Local Rewards and Gift Cards

Points earned with Brick Rewards can be spent in multiple ways:

  • Redeem points at local partner restaurants, cafes, gyms, salons, and events tailored to your postcode.
  • Use points to part-pay for popular gift cards, such as M&S gift cards, at a discount.
  • Enter monthly rent giveaways for a chance to win a month’s rent.

This focus on local rewards and experiences sets Brick Rewards apart, helping you get more value from your everyday spending.

Why Choose Brick Rewards for Rent Rewards

  • No changes to how you pay rent: Keep your existing payment methods; Brick simply detects payments securely via open banking.
  • Secure and regulated: Open banking is FCA-regulated and widely trusted across the UK.
  • Credit score benefits: Opt in to report on-time rent payments to Experian, potentially boosting your credit profile.
  • Local rewards: Earn and spend points with nearby partners, making rewards relevant and accessible.
  • Easy to use: The app is free to download on iOS and Android, with a simple setup process.