Revolut Card Review

About Author: Hi, I’m Quinn Askeland. In 2014, I started Transumo after experiencing expensive, slow, and frustrating international money transfers and payments through banks. Once I discovered how to manage my own international currencies much better, I became driven to help others improve their transfers and payments. Fortunately, today, there are many excellent options. See My Full Bio.

The Revolut Card is more than just mobile money and travel freedom while avoiding the crazy fees banks charge.

Here’s the deal:

• You can use it to spend in over 150 currencies at a competitive exchange rate, with transparent fees.
  
• Lots of useful features such as instant payment notifications, budgeting tools, and a bunch of optional travel benefits.
  
• Revolut has a standard (zero monthly fee) option but it is interesting to compare with Wise which has is simpler with easy to understand fees.

In this Revolut card review, we’ll take a closer look at to see if Revolut has the right card for you.

We’ll also compare the different cards, uncover the card’s benefits, pricing, fees, and even shine a spotlight on the negative and positive customer reviews.

Disclosure: This post may contain offers and affiliate links to save you money and it also helps us to keep providing the best information. For more information, see our disclosures here.

Based on 143,600+ reviews on Trustpilot, Revolut has an “Excellent” rating of 4.3/5. Of these reviews, 75% are 5 stars and commend the Revolut app for its user-friendliness, features, support, currency exchange, ease of transferring money, and overall open-banking experience.

1. Revolut Cards Compared – The Basics

Table 1: Standard vs Plus vs Premium vs Metal vs Ultra

Table 2: Standard vs Plus vs Premium vs Metal vs Ultra

2. Revolut Cards Compared – Fees & Limits

2.1 Fees

>> The Cards by Country

Because of the many options you can choose with Revolut, it helps to start with the right country:

For the UK use their latest price and feature comparison chart (opens a new tab to keep reading).

For Europe – choose your country here

US residents click here (opens a new tab to keep reading) for pricing in USD dollars and different offerings.

Australian residents click here (opens a new tab to keep reading) for pricing in Aussie dollars and different offerings.

All other countries select your country here.

2.2 Physical and Virtual Cards

All Revolut members can create disposable virtual cards. These are debit cards that only exist in the Revolut app and can be discarded at any time. You can use these card details to make transactions online without a physical card.

Revolut users can get access to disposable virtual cards. These cards get automatically deleted after they are used. This adds a further layer of security to your online transactions and is ideal for subscriptions you are not sure you want to keep.

As a Premium user, you can choose from three stylish colours for your Premium card: black, grey, and pink. These cards have a premium design that makes them stand out.

If you are a Metal customer, you can enjoy the exclusive Metal card made of solid reinforced steel. The Metal card has a luxurious design. You can select from five elegant colours for your Metal card: black, gold, rose gold, silver, and space grey.

Ultra customers can access the world of exclusivity with their Ultra card. This card is platinum-plated and has a sophisticated appearance. The Ultra card is the most premium card that Revolut offers.

Customers cannot choose between Visa or Mastercard providers for their physical cards, this is based on location.

2.3 Managing Currencies

2.4 ATM Withdrawals and Other Perks

Revolut members can withdraw cash from ATMs in-network for free* up to a certain amount. The withdrawal limit depends on your plan. Check the below table for more details.

After hitting the withdrawal limits of your plan, you will pay a 2% fee (of the withdrawal amount**) for each withdrawal you make.

Revolut allows you to save money in saving vaults and earn interest on your savings. 

There are budgeting and analytical tools as well to manage your money better. 

Premium, Metal, and Ultra can get you discounted airport lounge passes, global medical insurance, winter sports insurance, luggage loss and flight delay insurance***. It also allows you to share bills with your group and get phone insurance.

*Third-party ATM providers may charge a withdrawal  fee and weekend fees may apply
**subject to a min. fee of  £1/withdrawal
***T&Cs apply to all insurance benefits

6. Revolut Account Features

6.1 Multi-currency Account

Revolut was specifically created to cater to travellers and international professionals. Its key strength lies in its multi-currency support, which enables fast and cost-effective currency exchange. This can be done either within the Revolut app or while making card payments or withdrawing money from ATMs.

For individuals, Revolut offers multi-currency accounts that allow you to hold and manage 30+ currencies. You can also get travel insurance if you upgrade to a paid plan. It lets you split bills with your friends and family.

Regardless of the account type, all Revolut accounts, including the standard plan, come with a debit card at no extra cost from Revolut. You can also schedule payments for your bills and subscriptions.

6.2 Currency Exchange

One reason why Revolut is an attractive choice for travel cards is that they give you some of the best transparent exchange rates you can find. 

Users can use the Revolut currency converter to see the real exchange rate at any moment for 30+ currencies. 

Revolut has a variable exchange rate for money currency exchanges, which changes all the time. You can see this rate on the app when you make an exchange.

Sometimes, Revolut also charges an exchange fee, which depends on factors like the currencies involved and the time of the exchange. You can also see this fee on the app if it applies.

6.3 Revolut App

Revolut is a monetary app that aims to be a better substitute for conventional banks. It is called “Revolut: Spend, Save, Trade” in the Google Play Store, and in the App Store its name is “Revolut – Mobile Finance.”

As a new kind of digital service, Revolut’s major goal is to provide good money-related services to on-the-go users, and that’s why the App is an important part of the user experience. It has a user-friendly design with balances and transactions clearly shown. 

The interactive nature of the whole experience also helps users to see their usage at a glance.

Revolut has a lot of features for analytics and budgeting to help users manage their money. In this section, users set monthly spending limits for each category. They can also see how they spend money by month.

Revolut app comes with industry-standard security measures and is completely safe.

6.4 Savings Vaults, Interest

When you put money into a Savings Vault, Revolut takes it from your account and sends it to a trustee, who then moves it on to the bank for you. 

You can use the Revolut app to save money to Savings Vaults instantly. Savings Vaults do not charge you any fees. You can withdraw money from them as per the terms you signed when you made the deposit. 

Everything that happens will be visible to you inside the Revolut app. The information inside the app is updated in real-time.

You can choose from fixed or variable interest rate Saving Vault.

6.5 Insurance (UK, USA, EEA, Australia)

Travel and medical insurance are part of the plan for Premium, Metal, and Ultra Revolut customers in the UK, and the European Economic Area (EEA).

Global medical insurance is not available for US and Australian customers and it seems like there are no plans to add it. 

Revolut travel insurance has specific benefits and limits in each country, so we advise you to check them for your country.

The Revolut travel insurance* covers:

• Trip disruption and cancellation 
• Emergency dental care
• Emergency medical expenses abroad
• Lost or damaged baggage protection
• Luggage delays (4 hours or more)
• Flight delays (1 hour or more)

*T&Cs apply to all insurance benefits

7. Safety, Security and Fraud Prevention

Revolut is completely safe to use. It has been around for several years and has never been compromised.

They have a full Banking Licence in Lithuania but not in the UK.

Likewise, Revolut uses location-specific security and only allows transactions when the card and phone are at the same location.

Virtual disposable cards help prevent payment fraud by automatically getting deleted after a single use. You can also disable any card from the app with a single click.

The Revolut vault app uses the latest safety protocols. It has four layers of safeguards:

• Pin & password
• 2-factor authentication (2FA)
• Fingerprint (biometrics)
• Face recognition.

All your personal data is protected using a state-of-the-art encryption protocol. They also conduct regular security audits to keep up with the latest trends.

8. What others are saying (Real Reviews)

By far the majority of reviews are positive but the negative ones indicate the challenges that services like Revolut face. For example, regulators require services like Revolut to jump through hoops which can often mean they need to freeze funds but generally, this gets sorted out with a small delay and some ID. Customer service is also designed to be efficient at the expense of being able to speak to a real human easily.

Verdict

With Revolut card, you can experience a new way of managing your finances. It is a convenient and versatile payment card that is packed with awesome features. You can also upgrade to Revolut’s premium plans and enjoy more perks, such as no-fair usage limits on currency exchange, higher ATM withdrawal limits, lounge access, travel discounts, and more.

Revolut offers a flexible alternative to traditional banking products, especially for those who travel frequently or have a global lifestyle.

For us, one of the standout features of the Revolut card is its ability to offer multi-currency accounts with competitive exchange rates. This is very convenient for frequent travellers, freelancers, and international businesses, who don’t need to open multiple traditional bank accounts or pay excessive transaction fees. The card also gives you real-time exchange rates and instant transfers between Revolut users, simplifying and speeding up financial transactions.

Revolut is not a replacement for your regular bank, but it can be a useful addition to your financial toolkit. It is important to be aware of the fees (above), plan limitations (above), and security (above) before signing up. Reading customer reviews (above) can also give you more insight into the service.

A comparable choice to Revolut cards is Wise card. Wise has wider coverage, as you can transact in over 160 countries. No subscription fees and lets you exchange at the mid-market rate. There are still fees but you can also check the real amount your recipient gets with the Wise calculator (no sign-up required).

Happy Money!

• T&C’s apply. See https://www.revolut.com/legal/terms/ for more detailed information

Revolut Card Review (Uncovered) → 8 Things You Must Know

In this Revolut card review, we compare the card's features, different plans and pricing, fees, benefits and perks, and customer reviews.

Editor's Rating:
4.3