Revolut?
#1
Original Poster
Join Date: Jun 2014
Location: PSC
Programs: Hilton Diamond/IHG Platinum/DL Plutononium
Posts: 1,728
Revolut?
Has anyone heard of this?
Revolut launches a premium subscription and starts raising a new round
Seems like it could be a solid MS opportunity if you're in Europe....
Revolut launches a premium subscription and starts raising a new round
Seems like it could be a solid MS opportunity if you're in Europe....
#2
Join Date: Jul 2014
Location: London, UK
Programs: Nandos Chillis
Posts: 196
Has anyone heard of this?
Revolut launches a premium subscription and starts raising a new round
Seems like it could be a solid MS opportunity if you're in Europe....
Revolut launches a premium subscription and starts raising a new round
Seems like it could be a solid MS opportunity if you're in Europe....
#4
Join Date: Mar 2017
Posts: 20
I have been using Revolut since they began, a bit less than two years ago, and have saved real money on cross-currency transactions and transfers. The interbank rate that they give (weekdays) on up to 90 currencies is unbeatable. I don't think I will go for the new Premium version at 7/month as the free version is useful enough, it's never cost me a cent (although there's now a fee for the plastic card). Currently it's for residents of European countries only.
EDIT: Having now looked up and discovered the meaning of 'Manufactured Spending' I hope you will excuse me for this irrelevant post. Still, Revolut can be very useful for travellers...
Last edited by eDicky; Mar 29, 2017 at 5:17 am
#5
Join Date: Sep 2004
Location: The World!!!
Programs: Some of them not all ...
Posts: 1,532
If you really need to top up by credit card, the possibility to do so and the very modest 1% fee is unusual for a prepaid card. The annual limit can be raised easily by supplying source of funds info.
I have been using Revolut since they began, a bit less than two years ago, and have saved real money on cross-currency transactions and transfers. The interbank rate that they give (weekdays) on up to 90 currencies is unbeatable. I don't think I will go for the new Premium version at 7/month as the free version is useful enough, it's never cost me a cent (although there's now a fee for the plastic card). Currently it's for residents of European countries only.
EDIT: Having now looked up and discovered the meaning of 'Manufactured Spending' I hope you will excuse me for this irrelevant post. Still, Revolut can be very useful for travellers...
I have been using Revolut since they began, a bit less than two years ago, and have saved real money on cross-currency transactions and transfers. The interbank rate that they give (weekdays) on up to 90 currencies is unbeatable. I don't think I will go for the new Premium version at 7/month as the free version is useful enough, it's never cost me a cent (although there's now a fee for the plastic card). Currently it's for residents of European countries only.
EDIT: Having now looked up and discovered the meaning of 'Manufactured Spending' I hope you will excuse me for this irrelevant post. Still, Revolut can be very useful for travellers...
#6
Join Date: Jan 2011
Posts: 368
One can load from a Visa or Mastercard in EUR or GBP with 1% fee and immediately withdraw to a SEPA bank account. Most EUR or GBP Visa or Mastercard credit cards don't provide more than 1% rewards, though if you have suggestions PM me.
A US-based card will work to load in EUR or GBP (USD isn't worth the 4% fee). However, for true MS you'd also need to figure out how to get the funds back to the US since Revolut won't withdrawal there. And factor in the "no FTF" margin from your card issuer, since you are doing the charge in EUR or GBP: Foreign exchange rates discussion [FOREX]--all cards
Barclays Arrival+ won't add in the app.
Chase, Citi, and Capital One work fine.
So for right now you'll need:
1. US credit card with no FTF and probably >=1.5% cash back.
2. Non-US residency / address.
3. European bank account (in theory you could try paying a currency conversion place directly).
A US-based card will work to load in EUR or GBP (USD isn't worth the 4% fee). However, for true MS you'd also need to figure out how to get the funds back to the US since Revolut won't withdrawal there. And factor in the "no FTF" margin from your card issuer, since you are doing the charge in EUR or GBP: Foreign exchange rates discussion [FOREX]--all cards
Barclays Arrival+ won't add in the app.
Chase, Citi, and Capital One work fine.
So for right now you'll need:
1. US credit card with no FTF and probably >=1.5% cash back.
2. Non-US residency / address.
3. European bank account (in theory you could try paying a currency conversion place directly).
#7
Suspended
Join Date: Mar 2002
Location: Canada, USA, Europe
Programs: UA 1K
Posts: 31,452
If you really need to top up by credit card, the possibility to do so and the very modest 1% fee is unusual for a prepaid card. The annual limit can be raised easily by supplying source of funds info.
I have been using Revolut since they began, a bit less than two years ago, and have saved real money on cross-currency transactions and transfers. The interbank rate that they give (weekdays) on up to 90 currencies is unbeatable. I don't think I will go for the new Premium version at 7/month as the free version is useful enough, it's never cost me a cent (although there's now a fee for the plastic card). Currently it's for residents of European countries only.
EDIT: Having now looked up and discovered the meaning of 'Manufactured Spending' I hope you will excuse me for this irrelevant post. Still, Revolut can be very useful for travellers...
I have been using Revolut since they began, a bit less than two years ago, and have saved real money on cross-currency transactions and transfers. The interbank rate that they give (weekdays) on up to 90 currencies is unbeatable. I don't think I will go for the new Premium version at 7/month as the free version is useful enough, it's never cost me a cent (although there's now a fee for the plastic card). Currently it's for residents of European countries only.
EDIT: Having now looked up and discovered the meaning of 'Manufactured Spending' I hope you will excuse me for this irrelevant post. Still, Revolut can be very useful for travellers...
#8
Join Date: Mar 2017
Posts: 20
TransferWise and Revolut both use the same interbank exchange rates, but TransferWise charges a fee of at least 0.5%, whereas Revolut charges no fee (for up to 5k equ per month). TransferWise does not provide a virtual and/or plastic MasterCard as Revolut does. Their new CS centre in Cracow performs very well in my experience.
#9
Join Date: Mar 2017
Posts: 20
#10
Suspended
Join Date: Mar 2002
Location: Canada, USA, Europe
Programs: UA 1K
Posts: 31,452
TransferWise and Revolut both use the same interbank exchange rates, but TransferWise charges a fee of at least 0.5%, whereas Revolut charges no fee (for up to 5k equ per month). TransferWise does not provide a virtual and/or plastic MasterCard as Revolut does. Their new CS centre in Cracow performs very well in my experience.
Strangely, I get better rates with TransferWise every time I compare the two. Maybe it's because I transfer larger amounts. The customer service of Revolut is a complete joke. Or I get stuck with the dumbest people every time I need to get in touch with the (every time). A transfer from bank to bank ends up taking about 10 days, with TW using a debit card (not possible on Revolut) it's nearly instantaneous.
#12
Join Date: Mar 2017
Posts: 20
loading funds to Revolut by debit card is actually the normal way, and immediate. However, sending to a bank account can take a few days, so it's best to use TransferWise if it's more urgent. You may have compared rates on a weekend, when Revolut adds a small spread while the markets are closed.
#13
Join Date: Feb 2016
Location: Chicago
Programs: United 1k, Hyatt Globalist, Marriott Plat
Posts: 231
I know, I have been waiting for them to make it available in the USA. I still keep my Euros Account in my home country (Debit + Credit Card), but I will gladly cancel it if they make Revolut available in the USA. I do travel quite often outside of the USA and need other currencies, being Euros and Pounds the main ones with some HK Dollars and Australia and NZ too.
#15
Join Date: Aug 2008
Programs: HHonors Gold, Marriott Lifetime Gold, IHG Gold, OZ*G, AA Gold, AS MVP
Posts: 1,874
Also, if my app and old account are any indication, they expect to charge $8.99 a month for premium when they reopen in the US.