Thanks for your feedback. The idea started when I read through the 3 key points you wanted to convey through the logo:
#1 - We are friendly
#2 - We grow your rewards (tree)
#3 - We simplify your life
A tree grows from the ground so the lines shooting up gives a sense of dynamic growth. Rather than illustrate an actual tree I thought that a more abstract / simple style would get the message of simplicity across. And the colours are the icing on the cake as far as adding the friendly vibe / feel.
Another thing I was conscious of was giving it a non traditional feel as it's an iphone app after all which suggests trendsetting / new ideas etc.
Hopefully this helps. Let me know if any further queries.
Cheers,
Craig