REVOLUT CARD REVIEW

Pros & Cons

Revolut Features

• Spending analytics- Get weekly insights into your spending using its categorisation features

• Track all your money with Open Banking. Manage all your finances from one place.

• Create monthly spending budgets –take charge of your spending with a monthly budget

• Get instant notifications for your transactions in and out of the account

• Manage subscriptions - Set up recurring payments and cancel unneeded subscriptions. You can also benefit from the end-of-trial notifications that allow you to cancel.

• Get reminded of upcoming payment reminders if your current balance is not sufficient to cover the upcoming payments

• Revolut's Rewards feature allows you to save money -get cashback from Revolut and exclusive retailers when you spend on your Revolut card

• Split bills –easily share bills with family and friends

• Send money abroad using the Interbank Exchange rate -Transfer money abroad

• No hidden fees for spending abroad -spend overseas without any hidden charges (balances over PS1,000 are subject to a 0.5% charge for Revolut Standard or Plus plans).

• Save interest and earn interest in your savings -save money to a Revolut savings vault to get interest on the balance of an FSCS protected bank account

• Round up your spare change -save money as you spend using the round-up feature

• Get paid earlier - receive your salary into your Revolut account one day before the deadline

• On demand pay - Employers can register with Revolut to create on-demand payments. This allows employees to access their salary at any time before it is paid.

• Pockets: Sort your subscriptions and bills into pockets so that each bill is automatically paid from a pocket on payday. This means you don't have to worry about missing any payments.

• Apple/Google Payment - Use your iPhone with Apple or Google Pay to make purchases

• Virtual Card -Revolut's card virtual allows you to shop online. It protects you from online fraud by changing your card number every time you pay online

• Revolut Junior: Open a Junior Revolut Account for children aged 7-17 years. More information about Revolut Junior accounts

• Investments: Manage your investments in Wealth section. Invest in stocks and commodities, as well as cryptocurrency

• Pet insurance Revolut has just launched a policy for pet insurance that you can purchase via the app

What is Revolut?

Revolut, a banking app, allows you to transfer funds and spend anywhere in the world. Revolut holds two banking licenses: one in Lithuania, and one in Australia. Revolut's banking licence covers all of Europe because Lithuania is a member of the EU. Revolut is not allowed to operate as a bank in Poland or Lithuania, Bulgaria, Croatia and Estonia, Cyprus. However, it can be used as such in Romania, Slovakia, Slovenia, Malta, Romania, Slovakia and Malta. Revolut is currently working to obtain U.K.- and U.S. banking licences.

Revolut was founded in July 2015 by Nikolay Storonsky, a former trader at Credit Suisse. It aims to provide mobile and online banking so clients can avoid paying excessive fees at traditional banks. Users can use the platform to purchase a pre-paid credit card, which they can top up with bank transfers or an existing credit/debit cards. Revolut allows users to request payments or send money immediately.

Revolut recently added the ability to allow users to invest in cryptocurrency.

Is Revolut Safe?

Before opening an account, it's normal to ask yourself "Is Revolut leggit" or "Is Revolut safe?" Revolut's security features have been enhanced to include fingerprint identification in your account's login attempts. Revolut allows users to customize their accounts, so they can turn off certain features that could lead to phishing attacks.

Additional safety features of Revolut include:

• Both iOS and Android users can access the "Revolut Security” app. This app protects against malware attempts to access the device.

• You can use the app as a safety net in case your phone is lost or stolen. Revolut's official software allows you to remotely lock, unlock, and wipe your account.

• You can encrypt all your data using the "Revolut Vault” app. You can use it on many devices but you'll need to download the app from Revolut.

• The Revolut vault app offers four layers of protection: pin and password, 2-factor authentication (fingerprint), fingerprint, and face detection.

• Revolut also offers virtual cards, which can be used once to make online payments and then destroyed. Hackers cannot use your card number later to gain access to your account.

Platform & Features

Revolut app

Revolut App is a better option than regular banking when it comes to privacy protection and customer support. It has an intuitive user interface, which is made for everyone.

Revolut also allows you to trade a variety of top cryptocurrencies. It has access the largest liquidity pool in Europe and guarantees the best exchange rates. Revolut supports Bitcoin and other digital currencies like Ripple, Ethereum, and Litecoin. Revolut promises that it will soon add additional digital currencies.

Revolut's cryptocurrency trading platform does not have any maintenance fees. This means you can instantly buy tokens or crypto coins without worrying about bank fees.

Other key features of the Revolut app are:

• Both iOS and Android platforms available

• The app allows you to transfer funds worldwide 24/7 and send money to family members, friends, and merchants for a low fee of only 0.5%.

• You can make international transfers for free, receive real-time exchange rates and get unlimited ATM withdrawals.

Revolut Card Review

Revolut offers clients the Revolut Card, which allows them to make international purchases. It allows you to purchase in more than 30 currencies for 0% commission. This card is great for overseas purchases in real time without having to go through costly brokerage firms that charge excessive exchange rates.

It is also possible to purchase cryptocurrencies with the card. Revolut offers the best cryptocurrency exchange rates, so you can trade Bitcoin, Ethereum, or Litecoin for any of the 30 currencies supported.

Revolut cards work just like standard bank cards and are available as Visa or Mastercard. It has subtle differences because it aims to offer customers the highest level of flexibility. Users can make payments or transfer in traditional currencies as well cryptocurrencies.

The Revolut Card's key features are:

• It is accepted in more than 3,000,000 locations around the globe and functions exactly like a bankcard. ATM withdrawals in foreign currency will incur a standard fee of 1.5%. However, the bank usually waives this fee.

• Revolut charges no foreign transaction or cash withdrawal fees regardless of where you live. It makes it possible to avoid expensive banking fees that could otherwise reduce your local spending power. You can also use the card as a substitute for travel cards, as VISA or Mastercard versions are available.

• Transactions happen in real time, so there is no need to worry about the bank settling your account after you return from business. You don't have to wait in line at ATMs abroad or waste time waiting for cash withdrawals.

• The company will replace your card without any bank fees or charges if you lose it. This will ensure that your travels do not get disrupted. Revolut can help you report a lost or stolen card so they can prevent anyone from using it.

Different types of Revolut Cards

There are four types of Revolut cards: Premium, Standard, Plus and Premium. Each type has its own benefits and features. These are the features for each type of Revolut card:

• Standard Revolut cards, which are the most basic card type, have no monthly fees.

• The monthly fee for Plus Revolut cards is PS2.99/EUR2.99/ (not available in the US), but they have some extra features such as cashback on purchases and Internet banking.

• Premium Revolut cards have a monthly fee of PS5.99/EUR7.99/$9.99, but they offer a wider range of features, such as travel insurance and mobile phone insurance.

• Metal Revolut cards have a monthly fee of PS12.99/EUR13.99/$12.99, but they come with a number of high-end features, such as concierge service and Airport lounge access.

Revolut cards include free ATM withdrawals within the UK and abroad as well as foreign currency exchange at a real exchange rate.

How to apply for a Revolut card

It is easy to get a Revolut Card.

1. If you don't have an account yet, go to the Revolut site and register for one.

2. After you have created an account and log in, you can begin the card application process. You will first need to decide which type of card you want - a virtual or physical card.

3. Next, give some basic information such as your address and name so they can send you a card.

4. You will then be asked for your bank details to enable Revolut to verify your identity.

5. You will also need to select a shipping method for your card. Revolut will review all information and issue your card in a matter of days.

How to get a virtual Revolut card

Revolut Virtual cards are virtual cards that you can use for online payments or to pay your phone. How to create a Revolut Virtual Card:

1. Log in to the Revolut App first.

2. Next, click on the virtual cards option in the main menu.

3. Next, you will need to decide whether you want a virtual Mastercard card or Visa card.

4. Enter your name, address and telephone number.

5. Set up a PIN code to your card and decide how much money you want it to hold. That's it!

There are two types of virtual cards available: one-use and multi-use.

After you make a payment, the single-use cards will be destroyed. This is a great option if you only need to make one purchase via an online service. You have to destroy the multi-use virtual card manually.

How to activate your Revolut card

Once you have received your card, you will only need to make a pin and chip payment at a physical terminal to activate your Revolut Card. Virtual cards don't require you to do anything. They are activated immediately after they are created.

Pros and cons of the Revolut Card

Here are some Revolut Card pros and cons that will help you decide if it is the right choice for you.

Pros

• There are 4 card types available - each one corresponds to a Revolut Plan

• This is a great option for international travel

• Virtual cards for single-use

• Book Stays to Get Cashback

• Personalised cards, except the Standard one

Cons

• Standard plans do not qualify for free card delivery

• Only for Metal, Cashback on Card Payments

How to trade crypto on Revolut

Revolut users have the ability to trade via cryptocurrency on the app's built in exchange. Registering and verifying your identity can take up to five working days. After you have been verified and signed in to your account, trading can begin. You can trade cryptocurrencies with fiat currencies using the app.

• Bitcoin

• Ethereum

• Ripple

• Litecoin

• Bitcoin Cash

Support for customers at Revolut

Revolut's customer service team is excellent. You can reach a dedicated customer service team through the mobile app or via chat on the website. They also have an automated phone number that can help you block your card.

Conclusion

Revolut is an excellent app service that allows you to manage your money on the move. Its ease-of-use and responsive customer service are the best features. You can even open an account online in just 10 minutes. Revolut is a great choice for travelers who travel frequently. It allows you to spend anywhere in the world without incurring foreign exchange fees. It can only be used to make large transactions exceeding PS5000 because of monthly transfer limits. This article will show you how Revolut compares to other crypto exchange services.