Card-based rent loyalty programme partners with Feijoa to channel points into savings
New Zealand renters can now pay rent by debit or credit card and earn loyalty points on it. From early 2027, they will also be able to put those points into KiwiSaver or other investments through round-up app Feijoa.
Renti launched Renti Rewards, describing it as the country’s first rent loyalty programme. The platform already supports more than 200,000 properties and one million renter profiles. Feijoa, which helps users invest spare change in KiwiSaver, has signed on as a launch partner.
The pitch is to turn a household’s biggest regular cost into a source of value. The average New Zealand household pays $30,940 a year in rent, according to Figure NZ data cited by Renti.
Turning rent into savings
The Feijoa partnership targets renters saving for their future, including first-home buyers building a deposit. Feijoa users already add more than $5.25 million a year to their investments through round-ups on card purchases, the company said.
Feijoa co-founder Mark White-Robinson said channelling rewards into KiwiSaver or investments lets them compound over time, which a one-off discount cannot do.
“This is the next evolution of rewards in New Zealand,” White-Robinson said.
Renti members who sign up to Feijoa’s round-up feature will receive a $15 KiwiSaver boost over their first three months, subject to terms and conditions.
“I love that something you have to pay anyway can now play a small part in helping you get ahead,” said Renti co-founder Claudia Smith.
How the programme works
Renters can pay using any New Zealand Mastercard or Visa card, earning rewards on their existing card scheme, such as Airpoints or cashback, alongside the programme’s own points and partner offers. Partners include Uber, One NZ, Samsung, and Feijoa, and members can receive up to four weeks of rent protection if they are made redundant.
“Renti Rewards puts financial flexibility back into the hands of tenants,” Smith said.
The service carries an introductory processing fee of 1.99% on rent payments. The company says partner rewards are designed to outweigh that cost, and bank transfers remain available for anyone who prefers them.
Nothing changes on the landlord side: property managers still receive rent on time through near real-time card processing. The card payment model has already been used in Australia, the US, the UK, and Canada.
A small step for deposit savers
For renters hoping to move into homeownership, the programme offers an automated way to add to savings without changing spending habits. The value for each household, however, will depend on how much it earns in rewards against the 1.99% fee.
Stay informed with the latest housing market trends and mortgage insights — subscribe to our free daily newsletter.
