Learn about the Revolut Credit Card features, benefits, fees, and how it compares to others. Manage your account easily with the Revolut app.
Table of Contents
Introduction
Revolut Credit Card is a revolutionary financial tool designed to redefine how you manage and spend your money. With a focus on convenience and innovation, Revolut offers a seamless and flexible experience, integrating advanced financial features to cater to the needs of the modern user. Whether you’re looking to make secure international transactions, benefit from real-time exchange rates, or enjoy an intuitive app interface for budgeting and analytics, Revolut Credit Card empowers you to stay in control of your finances. Its strong emphasis on security, transparency, and flexibility makes it a standout choice for people who value efficiency and ease in managing their money worldwide.
What is the Revolut Credit Card?
The Revolut Credit Card is a financial product offered by Revolut, a leading fintech company renowned for its modern approach to banking and financial services. This card provides a convenient way to make both online and offline purchases while offering a suite of features like real-time spending insights, comprehensive budgeting tools, and robust security measures.One standout feature of the Revolut Credit Card is its competitive exchange rates for international transactions, which makes it particularly appealing to frequent travelers and those dealing with multiple currencies. The card integrates seamlessly with the Revolut app, allowing you to manage your finances effortlessly, set spending limits, and receive instant transaction notifications.Revolut prioritizes user security, offering features like the ability to freeze your card instantly if lost or stolen and advanced anti-fraud protection. Additionally, depending on your membership plan, the card may come with added benefits such as cashback rewards, exclusive offers, and other perks.
Features and Benefits of the Revolut Credit Card
Real-Time Spending Insights
Keep track of your finances effortlessly with instant transaction notifications and detailed spending analytics. The Revolut app provides real-time updates to help you manage your budget and monitor expenses.
Competitive Exchange Rates
Enjoy low-cost currency exchange with real-time interbank rates, making it an ideal card for frequent travelers or international shoppers. Revolut helps you avoid excessive fees and unfavorable exchange rates often associated with traditional banks.
Flexible Budgeting Tools
The Revolut app comes equipped with customizable budgeting tools that allow you to set spending limits, track savings goals, and gain a comprehensive overview of your financial health.
Advanced Security Features
Keep your card and account safe with Revolut’s top-notch security measures. You can instantly freeze or unfreeze your card, set spending limits, and use location-based security. Additionally, Revolut uses anti-fraud technology to protect you from suspicious activities.
Cashback and Rewards
Depending on your membership plan, you can earn cashback on your purchases and access exclusive offers and rewards. Revolut also frequently partners with various merchants to give you unique deals and savings.
Fee-Free International Transactions
Make international transactions without worrying about foreign transaction fees, allowing for a more seamless and cost-effective travel experience.
Travel Perks
Higher-tier membership plans come with travel benefits, such as travel insurance, airport lounge access, and no-fee ATM withdrawals abroad, adding an extra layer of convenience to your trips.
Seamless Integration with Revolut App
Manage all your credit card activities directly from the Revolut app, where you can track expenses, split bills, and even enable or disable online and contactless payments with just a few taps.
Instant Card Issuance and Control
You can receive a virtual credit card instantly after approval, ready to use for online purchases. The app allows you to customize your card settings, like PIN changes and transaction controls, at any time.
Multiple Card Options
Choose from different Revolut Credit Card plans, each tailored to specific needs, from basic features to premium services with added benefits.
How to Apply for a Revolut Credit Card
Step 1: Download the Revolut App
Start by downloading the Revolut app from the Apple App Store or Google Play Store if you haven’t already done so. The app is your central hub for managing everything related to your Revolut Credit Card.
Step 2: Sign Up or Log In
If you are new to Revolut, create an account by following the registration steps in the app, which include providing your personal information and verifying your identity. If you already have a Revolut account, simply log in.
Step 3: Navigate to the Credit Card Section
Once logged in, go to the “Cards” section within the app. From there, you should find an option to apply for a Revolut Credit Card. Select it to proceed.
Step 4: Complete the Application Form
Fill out the application form with your details, including your income information and any other necessary financial details. Revolut may also require additional information to perform a credit check.
Step 5: Review and Submit
Carefully review your application details to ensure everything is accurate. Once confirmed, submit your application. Revolut will process your application and may conduct a credit check as part of the approval process.
Step 6: Approval and Card Issuance
If your application is approved, you’ll receive confirmation through the app. You can instantly generate a virtual credit card for immediate use, while your physical card will be mailed to your address.
Step 7: Activate Your Physical Card
Once your physical Revolut Credit Card arrives, activate it through the app by following the on-screen instructions. You can then start using your card for both online and in-person transactions.
Revolut Credit Card vs. Other Credit Cards
Competitive Exchange Rates vs. Standard Rates
Revolut Credit Card: Known for offering competitive real-time interbank exchange rates, the Revolut Credit Card is especially beneficial for international travelers and those who frequently shop in foreign currencies.
Other Credit Cards: Many traditional credit cards apply a foreign transaction fee, typically ranging from 1% to 3%, and may not offer the best exchange rates.
Real-Time Spending Insights vs. Delayed Updates
Revolut Credit Card: Provides real-time notifications and insights into your spending, helping you manage your budget more effectively and stay on top of your finances.
Other Credit Cards: Traditional credit cards often offer spending insights but may not provide real-time updates, making it harder to get an immediate snapshot of your financial situation.
Advanced Security Features vs. Standard Security
Revolut Credit Card: Offers advanced security options, including instant card freezing, spending controls, and location-based security settings. These features give users more control over protecting their funds.
Other Credit Cards: While traditional cards have security features like fraud detection and the ability to report a card as lost or stolen, they may not provide the same level of control or instant customization.
Seamless App Integration vs. Basic Online Platforms
Revolut Credit Card: Seamlessly integrates with the Revolut app, allowing you to control every aspect of your card, from managing spending limits to viewing detailed analytics and even enabling or disabling features like contactless payments.
Other Credit Cards: Typically come with online banking or standalone apps, but these platforms may not be as intuitive or comprehensive in offering instant control over your card.
Fee Structure vs. Traditional Fees
Revolut Credit Card: Often has a more transparent and lower-fee structure, with some plans offering free ATM withdrawals abroad, no annual fees, and reduced foreign transaction fees.
Other Credit Cards: Many traditional credit cards have annual fees, higher cash advance fees, and additional charges for currency conversion and foreign transactions.
Cashback and Rewards vs. Traditional Rewards Programs
Revolut Credit Card: Depending on your membership tier, you can earn cashback on eligible purchases and access exclusive merchant offers.
Other Credit Cards: May offer more extensive rewards programs, such as airline miles, hotel points, or cash back, but these benefits are often offset by higher fees or specific spending requirements.
Travel Perks vs. Standard Offerings
Revolut Credit Card: Higher-tier plans may come with travel insurance, airport lounge access, and other travel-related perks, making it appealing to frequent travelers.
Other Credit Cards: Some premium credit cards also offer travel perks but often come with high annual fees or are limited to specific travel brands or services.
Accessibility and Instant Card Issuance vs. Traditional Processing
Revolut Credit Card: Offers the convenience of a virtual card that you can use immediately after approval, with full access to its features through the app.
Other Credit Cards: Traditional credit cards often require longer processing and mailing times before you can start using them.
Security Measures and Card Management
Advanced Security Features
Instant Card Freeze/Unfreeze: If your card is lost or stolen, you can immediately freeze it through the Revolut app to prevent unauthorized transactions. You can just as quickly unfreeze it if you find your card.
Location-Based Security: Revolut uses location-based technology to protect your account. If a transaction is attempted in a location far from where your phone is detected, the app can automatically flag or block it for security.
Customizable Spending Limits: Set daily or monthly spending limits to stay within budget and prevent large, unauthorized charges.
Disposable Virtual Cards: For extra security when shopping online, Revolut offers disposable virtual cards. These cards generate new details for every transaction, making it difficult for hackers to misuse your card information.
Real-Time Fraud Alerts
Revolut’s anti-fraud technology monitors your transactions for any suspicious or unusual activity. If something doesn’t seem right, the app will notify you instantly and give you the option to freeze your card.
Secure Online Shopping
For online purchases, Revolut Credit Card users can enable 3D Secure authentication, adding an extra layer of protection to prevent unauthorized use. You will receive a push notification to approve online transactions, ensuring your card is only used by you.
Control Over Card Settings
Contactless and Online Payment Management: Enable or disable features like contactless payments, online transactions, and ATM withdrawals directly from the app, giving you full control over how your card is used.
PIN Management: Forgot your PIN? You can easily retrieve or change it within the app, avoiding the need to visit a branch or wait on hold with customer service.
Full App Integration
Manage all aspects of your Revolut Credit Card from the app, from activating your card and setting limits to viewing spending analytics and controlling card features. The intuitive interface ensures that you’re always in control of your financial security and can respond swiftly to any concerns.
Currency Exchange and International Use
Competitive Real-Time Exchange Rates
One of the standout features of the Revolut Credit Card is access to real-time interbank exchange rates. Unlike traditional credit cards that charge a markup on currency conversions, Revolut provides highly competitive rates, saving you money on international transactions. This makes it an excellent choice for frequent travelers or those who often shop in foreign currencies.
Fee-Free International Transactions
Revolut Credit Card allows for international purchases without foreign transaction fees on most plans, eliminating the usual 1% to 3% fee associated with traditional cards. This ensures a seamless and cost-effective experience when spending abroad.
Multi-Currency Accounts
With Revolut, you can hold and exchange money in over 30 currencies directly through the app. This feature allows you to exchange currencies in advance, lock in favorable rates, and spend directly from your multi-currency balance without additional conversion fees.
ATM Withdrawals Abroad
Revolut offers fee-free ATM withdrawals up to a certain limit each month, depending on your plan. This feature is especially useful when traveling, as it provides convenient access to cash without incurring hefty fees. Be aware that withdrawals beyond the set limit may incur charges, so it’s essential to review your plan’s terms.
Travel Insurance and Perks
Higher-tier membership plans may include added benefits for travelers, such as travel insurance for medical emergencies, lost luggage, and delayed flights. Some plans also offer access to airport lounges, further enhancing your travel experience.
Easy Expense Management While Traveling
The Revolut app automatically categorizes your spending and provides real-time analytics, making it simple to track expenses while traveling. You can also set up spending alerts in different currencies to stay on budget.
Seamless App Control
Whether you need to freeze your card, adjust spending limits, or convert currencies, you can do it all instantly through the Revolut app. The app’s intuitive design makes managing your money abroad effortless, ensuring you have complete control no matter where you are.
Cross-Border Payments
Send and receive money internationally with ease using Revolut’s cross-border payment options. The app allows you to make international transfers at low or no fees, depending on the currencies and regions involved, and you can do it all from your smartphone.
Cashback and Rewards Program
Cashback on Eligible Purchases
Revolut Credit Card offers a cashback rewards program, where you can earn cashback on everyday purchases. Depending on your membership tier, you may earn a percentage of your spending back on eligible transactions, which can be automatically credited to your Revolut account. This provides you with an additional way to save as you spend.
Tier-Based Cashback Rewards
Revolut’s cashback rates are often tiered based on the plan you subscribe to. Higher-tier plans typically offer better cashback rates and more generous rewards. For example, you might earn a higher percentage back on purchases for premium plans, such as Revolut Premium or Revolut Metal.
Exclusive Merchant Offers
As a Revolut Credit Card holder, you can access exclusive deals and discounts with selected retailers and brands. These partnerships allow you to earn additional cashback, discounts, or special offers, helping you get more value from your card.
Revolut Rewards and Offers
Revolut also provides users with personalized rewards and offers through the app. The app continuously updates with various promotions, allowing you to take advantage of special deals and limited-time offers from partners, helping you maximize your rewards and savings.
Automatic Cashback Redemption
Cashback earned through the Revolut Credit Card is typically credited automatically, and there’s no need to manually redeem it. The cashback can be used to offset your balance, pay off your card, or even withdraw it as part of your available balance.
Cashback Flexibility
Revolut’s rewards program offers flexibility in how you use your cashback. You can reinvest it into your Revolut balance, or use it for future purchases, offering greater control over how you benefit from your rewards.
Other Rewards and Perks
Along with cashback, higher-tier Revolut Credit Card plans may offer additional perks, such as access to exclusive events, enhanced travel benefits, and even partner discounts on various services. The more premium your card tier, the more you can unlock in terms of rewards and exclusive privileges.
Easy Tracking via the App
All your cashback and rewards can be tracked seamlessly through the Revolut app. The app provides a clear breakdown of your rewards, making it easy to see how much you’ve earned and how it’s been applied, ensuring you never miss out on your potential savings.
Revolut Premium and Metal Cards
Revolut offers two higher-tier plans, Premium and Metal, designed for users who seek enhanced features, exclusive benefits, and more flexible options. These cards provide additional perks compared to the standard Revolut Credit Card, catering to those with more advanced financial needs.
Revolut Premium Card
The Revolut Premium Card is an upgrade from the basic plans, offering several enhanced features designed for frequent travelers, higher spenders, and those seeking more control over their finances.
Key Features and Benefits:
- Higher Cashback Rates: Earn a higher percentage of cashback on eligible purchases, giving you more rewards for your spending.
- Global Travel Insurance: Included travel insurance covers medical emergencies, cancellations, and lost luggage while traveling abroad, offering peace of mind during trips.
- Unlimited Foreign Exchange: Enjoy fee-free foreign exchange up to a certain limit, making it ideal for international purchases and travel.
- Access to Premium Features: Enjoy priority customer support, and other exclusive Revolut Premium services, including early access to new features and products.
- Free ATM Withdrawals: Withdraw cash from ATMs globally with higher fee-free withdrawal limits, allowing for more flexibility on your travels.
- Exclusive Rewards: Access to special offers, discounts, and deals with partnered merchants, helping you save on everyday purchases.
- Cryptocurrency Benefits: Buy, sell, and hold cryptocurrency at a discounted rate compared to the standard plans.
- Priority Support: Enjoy access to faster customer support, with priority assistance available in the Revolut app.
Revolut Metal Card
The Revolut Metal Card offers the highest level of service and benefits for users who want the ultimate in luxury, rewards, and convenience.
Key Features and Benefits:
- Even Higher Cashback: The Revolut Metal Card offers the highest cashback rates on eligible purchases, ensuring that you earn more on every transaction.
- Comprehensive Travel Insurance: Metal members receive extensive travel insurance coverage, including medical, flight delay, and baggage insurance for both the cardholder and family members.
- Airport Lounge Access: Enjoy access to over 1,000 airport lounges worldwide, offering you a comfortable and relaxing environment before your flight.
- No Foreign Transaction Fees: The Metal Card allows for fee-free foreign exchange, including unlimited currency conversion at the best interbank rates, making it ideal for international use.
- Exclusive Concierge Service: Revolut Metal offers a dedicated concierge service, which can assist with anything from booking travel to securing reservations at top restaurants and events.
- Personalized Card Design: As the name suggests, the Revolut Metal Card is made from high-quality metal, offering a sleek and durable design for those who want something truly premium.
- Free Worldwide ATM Withdrawals: Enjoy unlimited fee-free withdrawals from ATMs globally, allowing more flexibility when accessing cash abroad.
- Priority Customer Support: Revolut Metal members get prioritized support, with dedicated customer service to resolve issues quickly and efficiently.
- Crypto Benefits and Exclusive Rewards: Enjoy reduced fees for crypto transactions and access to additional exclusive rewards, offers, and promotions tailored to high-end users.
Comparison: Revolut Premium vs. Metal
| Feature | Revolut Premium | Revolut Metal |
|---|---|---|
| Cashback | Higher cashback on purchases | Highest cashback rates |
| Foreign Exchange | Fee-free up to a limit | Unlimited fee-free exchange |
| Travel Insurance | Comprehensive coverage | Extensive global coverage |
| ATM Withdrawals | Fee-free withdrawals (limited) | Unlimited fee-free withdrawals |
| Airport Lounge Access | Not included | Access to 1,000+ lounges worldwide |
| Concierge Service | Not included | Available for assistance with bookings and reservations |
| Customer Support | Priority support | Premium priority support |
| Cryptocurrency Benefits | Discounted fees | Discounted fees with additional features |
| Card Material | Standard card design | High-quality metal design |
Fees and Charges for Revolut Credit Cards
Here’s a comparison of the fees and charges associated with the standard Revolut Credit Card, Revolut Premium, and Revolut Metal cards:
| Fee/Charge | Revolut Standard | Revolut Premium | Revolut Metal |
|---|---|---|---|
| Monthly/Annual Fee | Free | $9.99/month (or equivalent) | $16.99/month (or equivalent) |
| ATM Withdrawals (Fee-Free Limit) | Up to $200/month | Up to $400/month | Unlimited |
| ATM Withdrawal Fee (Exceed Limit) | 2% of amount withdrawn | 2% of amount withdrawn | 2% of amount withdrawn |
| Foreign Transaction Fee | 2% of the transaction | None | None |
| Currency Exchange Fee | 1%–2% markup above interbank rate | None | None |
| Foreign Exchange (Fee-Free Limit) | Up to $1,000/month | Unlimited | Unlimited |
| Cashback | 0.1%–1% (depending on plan) | 1% (up to $100/month) | 1.5% (up to $200/month) |
| Card Replacement Fee | Free | Free | Free |
| Cryptocurrency Purchase Fees | 1.5% | 1.2% | 1% |
| Card Delivery Fee (Standard) | $6.99 (depending on location) | Free | Free |
| Card Delivery Fee (Expedited) | $10.99 | Free | Free |
| Overdraft Fee | No overdraft available | No overdraft available | No overdraft available |
| Late Payment Fee | $12.00 | $12.00 | $12.00 |
| Refund Fee | Free | Free | Free |
| Contactless Payment Fee | None | None | None |
Managing Credit Card Debt with Revolut
Revolut provides several tools and features to help users manage their credit card debt effectively, making it easier to stay on top of payments and avoid unnecessary fees. Here are some strategies for managing your Revolut Credit Card debt:
Set Up Payment Reminders
Revolut allows you to set up payment reminders, so you never miss a due date. With customizable notifications, you’ll be alerted before your payment is due, helping you avoid late fees and interest charges.
Track Your Spending
The Revolut app provides detailed insights into your spending habits by categorizing your purchases and showing you where your money is going. By tracking your spending, you can identify areas where you can cut back and avoid accumulating debt.
Pay Your Balance in Full
To avoid paying interest on your credit card debt, try to pay off the full balance by the due date. Revolut’s app makes it easy to check your balance, and you can schedule payments directly from the app to pay off your card in full.
Set Up Automatic Payments
If you want to ensure you never miss a payment, you can set up automatic payments through the Revolut app. This allows you to pay a minimum or full amount each month automatically, reducing the risk of late payments and the associated fees.
Make Multiple Payments per Month
If you tend to carry a balance, making multiple smaller payments throughout the month can help reduce your debt more quickly. Revolut allows you to make as many payments as you wish, and frequent payments can help lower your credit utilization ratio, which may improve your credit score.
Use Revolut’s Debt Management Tools
Revolut offers several features to help manage your debt, such as spending limits and budget tracking. You can set a spending cap on your Revolut Credit Card to avoid overspending and accumulating more debt. Additionally, the app allows you to track your budget in real-time, so you can stay within your limits.
Take Advantage of Interest-Free Periods
Revolut offers an interest-free period for credit card transactions if you pay off your balance in full before the due date. If you are unable to pay the entire balance, try to pay off as much as possible within this period to minimize interest charges.
Minimize Unnecessary Charges
Avoid using your Revolut Credit Card for non-essential purchases that could add to your debt. By focusing on essential expenses and limiting discretionary spending, you can prevent your debt from growing larger.
Debt Consolidation Options
If you have multiple debts, consider using Revolut to consolidate them. While Revolut itself doesn’t offer direct debt consolidation services, you can use the app to transfer funds from one account to another, making it easier to manage multiple payments or reduce interest charges.
Review Your Credit Limit and Interest Rates
Revolut allows you to view your credit limit, current balance, and interest rate directly in the app. If you find that your credit card interest rate is too high, you may want to review your spending habits or consider upgrading to a different Revolut plan, such as Premium or Metal, which may offer additional benefits or lower fees.
Use Revolut’s Customer Support
If you are facing financial difficulty, don’t hesitate to reach out to Revolut’s customer support team. They can provide assistance with managing your account, suggest alternative payment plans, and offer advice on how to handle your credit card debt more effectively.
Avoid Minimum Payments
Making only the minimum payment can result in high-interest charges, causing your debt to accumulate. Aim to pay off more than the minimum whenever possible to reduce your debt faster and save on interest.
Pros and Cons of the Revolut Credit Card
The Revolut Credit Card offers several advantages, but like any financial product, it has its limitations. Here’s a breakdown of the pros and cons of using a Revolut Credit Card:
Pros
- Low or No Fees:
One of the biggest benefits of the Revolut Credit Card is its low fee structure, especially for international transactions. There are no foreign transaction fees on most plans, which is ideal for frequent travelers and those making purchases abroad. - Competitive Exchange Rates:
Revolut offers real-time interbank exchange rates, which are often more favorable than the rates offered by traditional banks. This feature makes it cost-effective when converting currencies. - Cashback and Rewards:
Depending on the plan you choose, you can earn cashback on eligible purchases. Premium and Metal plans offer higher cashback rates, providing an added incentive to use your card regularly. - Global Usage:
Revolut Credit Card is accepted worldwide, making it a great option for international travelers. The app supports over 30 currencies, and you can manage your spending and transfer funds with ease. - Instant Account and Card Management:
Revolut’s app allows you to manage your credit card directly from your phone. You can freeze/unfreeze the card, view spending insights, set budgets, and track your payments in real-time. - No Hidden Fees:
Revolut is known for its transparency with fees, and the app provides clear insights into any applicable charges, ensuring users are not caught off guard by unexpected fees. - Travel Insurance and Perks:
With Premium and Metal plans, users gain access to a variety of travel-related perks, such as travel insurance, airport lounge access, and concierge services. - Security Features:
Revolut provides strong security measures, including two-factor authentication, card freezing, and real-time spending notifications, offering peace of mind when using your card.
Cons
- Limited ATM Withdrawals:
For the Standard and Premium plans, there are limits to the fee-free ATM withdrawals each month. Once you exceed this limit, you’ll incur a 2% fee. The Metal plan offers unlimited fee-free withdrawals, but the lower-tier plans are more restricted. - Fees for Exceeding Limits:
Revolut imposes fees if you exceed the monthly limits for spending or ATM withdrawals. While the limits are generally reasonable, exceeding them can lead to unexpected charges. - Interest Charges on Balances:
Like traditional credit cards, Revolut applies interest on unpaid balances after the interest-free period. It’s important to pay off your balance on time to avoid high-interest rates. - Not Accepted Everywhere:
Although Revolut is widely accepted, some smaller merchants or specific countries may not support Revolut cards. Always have a backup payment method when traveling to less common destinations. - Lack of Physical Branches:
Revolut operates entirely online, and there are no physical branches to visit. While this is ideal for digital-savvy users, some people may prefer face-to-face banking or customer service. - Limited Customer Support:
While Revolut offers customer support through the app, some users have reported delays in response times, especially during peak hours or for complex inquiries. - Fees for Certain Services:
Some advanced features, such as insurance, cryptocurrency purchases, and premium card benefits, are only available with Revolut’s paid plans (Premium or Metal). The Standard plan has limited features, which may not be sufficient for all users. - Not Ideal for Building Credit History:
Although Revolut Credit Cards offer a convenient way to manage your finances, they may not be the best choice for those looking to build or improve their credit score, as Revolut doesn’t always report to major credit bureaus in all regions.
Conclusion
The Revolut Credit Card offers a modern, flexible, and user-friendly way to manage your finances, especially if you frequently travel or make international transactions. With its low fees, competitive exchange rates, and innovative app features, it stands out as an ideal choice for tech-savvy users who want to stay on top of their spending and earn rewards.
Key benefits like cashback, fee-free foreign transactions, and robust security features make it a strong contender in the credit card market. Additionally, Revolut’s higher-tier plans, Premium and Metal, offer extra perks such as comprehensive travel insurance, concierge services, and unlimited ATM withdrawals, making them perfect for frequent travelers or those seeking more advanced benefits.
However, the card may not be suitable for everyone. If you’re looking to build a credit history or need physical customer support, Revolut’s digital-only approach might not meet your needs. Additionally, while Revolut provides low fees, exceeding the monthly limits on certain services can result in additional charges.
In summary, the Revolut Credit Card is a great option for those seeking flexibility, convenience, and rewards, particularly for international use. It’s essential to review the terms, fees, and features to determine if it aligns with your spending habits and financial goals.
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FAQs About Revolut Credit Card
What is the Revolut Credit Card?
The Revolut Credit Card is a digital-first credit card that offers various financial features including international transactions without foreign exchange fees, cashback on purchases, and seamless management through the Revolut app. It’s designed to give users flexibility, low fees, and advanced security features.
How do I apply for a Revolut Credit Card?
You can apply for a Revolut Credit Card by signing up or logging into the Revolut app. After completing the application, you’ll need to provide identification documents for verification. Once approved, you can receive a physical card, or you can start using a virtual card immediately.
What are the fees associated with the Revolut Credit Card?
The Revolut Credit Card has low fees, especially for international transactions. Some fees include:
ATM withdrawal fees (after exceeding the monthly limit)
Foreign exchange fees (for the Standard plan, Premium and Metal plans offer fee-free exchanges)
Interest charges (if you don’t pay your balance in full by the due date) The Premium and Metal plans offer enhanced features and benefits at a monthly fee.
Can I use the Revolut Credit Card internationally?
Yes, the Revolut Credit Card is accepted worldwide. With no foreign transaction fees for Premium and Metal plan users, it’s ideal for international purchases and travel. The card also offers favorable exchange rates for currency conversions.
How do I track my spending with the Revolut Credit Card?
You can track your spending in real-time through the Revolut app. The app categorizes your purchases, provides insights into your spending habits, and lets you set budgets and spending limits. You’ll also get instant notifications for every transaction.
Is there a cashback program with the Revolut Credit Card?
Yes, Revolut offers a cashback program for purchases made with the card. The cashback rates vary depending on your plan:
Standard: 0.1% cashback on eligible purchases.
Premium: 1% cashback (up to $100/month).
Metal: 1.5% cashback (up to $200/month).
Are there any travel benefits with the Revolut Credit Card?
Yes, the Revolut Premium and Revolut Metal cards offer several travel perks, including:
Global travel insurance (for medical emergencies, cancellations, and lost luggage)
Airport lounge access (with the Metal plan)
No foreign transaction fees (for Premium and Metal cardholders)
Free ATM withdrawals (with higher limits on Premium and Metal plans)
What are the security features of the Revolut Credit Card?
The Revolut Credit Card includes several security features, such as:
Two-factor authentication for account access.
Real-time spending notifications to track your transactions.
Ability to freeze/unfreeze your card instantly via the app.
Virtual card options for safer online purchases.
Can I upgrade to Revolut Premium or Metal?
Yes, if you have the Standard plan, you can easily upgrade to Revolut Premium or Revolut Metal directly through the app. The Premium and Metal cards come with additional features such as higher cashback rates, enhanced travel perks, and greater financial flexibility.
How do I pay off my Revolut Credit Card balance?
You can make payments towards your Revolut Credit Card balance through the Revolut app. You can set up automatic payments for a minimum or full balance, or make manual payments at any time. It’s important to pay off your balance on time to avoid interest charges.
What happens if I miss a payment?
If you miss a payment on your Revolut Credit Card, you may incur a late payment fee. Additionally, interest will be charged on any remaining balance, and your credit score may be negatively affected. To avoid this, set up payment reminders or automatic payments via the app.
Does the Revolut Credit Card help me build credit?
Currently, Revolut does not report credit activity to major credit bureaus in most regions, so it may not help you build or improve your credit score. However, it can still be a useful tool for managing expenses and payments effectively.
How do I cancel my Revolut Credit Card?
To cancel your Revolut Credit Card, you can request to do so through the Revolut app or contact customer support. Be sure to pay off any outstanding balance before canceling the card. You may also need to return the physical card.
Are there any limits on ATM withdrawals with the Revolut Credit Card?
The Standard and Premium plans offer fee-free ATM withdrawals up to a set limit each month. Once you exceed that limit, a 2% fee will apply. The Metal plan offers unlimited fee-free ATM withdrawals worldwide.
Can I use my Revolut Credit Card to make online purchases?
Yes, you can use the Revolut Credit Card for online purchases. It supports all major online payment systems, and you can also create virtual cards for safer online shopping.
How long does it take to receive my Revolut Credit Card?
Once your Revolut Credit Card application is approved, it typically takes around 7-10 business days to receive your physical card. If you need a virtual card, you can start using it immediately through the Revolut app.
Are there any spending limits on the Revolut Credit Card?
Yes, spending limits are determined based on your creditworthiness and account type. You can view your limit directly in the Revolut app, and you can request a higher limit or change your plan for more flexibility.
Does Revolut offer a credit limit increase?
Revolut periodically reviews your account to determine if you’re eligible for a credit limit increase. You may also be able to request a limit increase directly through the app. However, approval depends on your credit profile and usage history.
Can I add my Revolut Credit Card to digital wallets like Apple Pay or Google Pay?
Yes, you can add your Revolut Credit Card to Apple Pay, Google Pay, and other digital wallets. This makes it easy to make contactless payments with your smartphone or smartwatch.
Does the Revolut Credit Card come with purchase protection?
Yes, the Revolut Metal and Premium cards offer purchase protection. This can cover items that are lost, damaged, or stolen within a specific period after purchase. Be sure to check the terms of your plan for full details on coverage.
Can I use Revolut Credit Card for cryptocurrency purchases?
Yes, Revolut allows you to purchase cryptocurrency like Bitcoin, Ethereum, and others using your Revolut Credit Card. However, cryptocurrency purchases may be subject to additional fees and are available only in specific countries.
