Should I get Revolut Premium?

We find out if it's worth the money.

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Revolut
Revolut (Premium)

Revolut Premium comes with cool perks

  • Unlimited foreign exchange
  • Withdraw £400 a month for free at international ATMs
  • Delayed flight and luggage insurance
  • Disposable virtual cards
  • Discounts and cashback on popular brands
Promoted

Revolut has taken the finance world by storm over the past year. With its valuation soaring by five times in its most recent round of funding (to $1.7 billion), Revolut has become the first British digital only bank to reach ‘unicorn’ status.

In this article, we take a look at Revolut’s Premium package, and see how it stacks up against the Standard ‘freemium’ experience.

The differences between Revolut Standard and Premium

Revolut (Standard)Revolut (Premium)
NameRevolut (Standard)Revolut (Premium)
Banking ServicesCurrent account, Free Euro IBAN account, Interbank FX rates, Free bank transfers in 25 currencies, £200 ATM withdrawals per month.Current account, Free Euro IBAN account, Interbank FX rates, Free bank transfers in 25 currencies, £200 ATM withdrawals per month.
CardsBlue/Pink MastercardPremium Revolut Card (choose from 3 colours)
FeesCard delivery: £4.99Subscription fees: £6.99 a month (or £72 in advance)
UK ATMsFree up to £200 a monthFree up to £400 a month
Foreign ATMsATM withdrawals up to £200 or currency equivalent per month are free. Anything charged over the above limits is charged at 2% of value of ATM withdrawal.ATM withdrawals up to £400 or currency equivalent per month are free. Anything charged over the above limits is charged at 2% of value of ATM withdrawal.
CurrenciesUSD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK and PLKUSD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK and PLK
Currency exchange RateThe interbank rate. The interbank rate is provided by financial exchanges and may be delayed as specified by financial exchanges or our data providers.The interbank rate. The interbank rate is provided by financial exchanges and may be delayed as specified by financial exchanges or our data providers.
CreditIt’s not possible to do an overdraft yet. Transactions will simply be declined.It’s not possible to do an overdraft yet. Transactions will simply be declined.
CryptoBTC, ETH, LTC
InsuranceFree overseas medical insurance
Contact number442033242000442033228352

How can I cancel Revolut Premium?

If you’ve tried it and it isn’t for you, you can send a message to Revolut’s in-app support so they can help cancel your subscription. If you started your Revolut Premium membership before 12/12/2017:

  • After your 1-month free trial period, your Revolut Premium membership has a 12-month duration. If you order a physical Revolut card during your 1-month trial and cancel your Premium membership during this time, a £10 delivery fee will be deducted from your Revolut account.
  • The cancellation becomes effective on the end date of your membership (exactly 13 months after you signed up). Unless you cancel your membership up to one month before the end of your 12 month contract, your membership is automatically renewed for another year.

If you started your Revolut Premium membership after the 12th December 2017:

If you cancel your Revolut Premium membership within 14 days of upgrading:

  • If you have used any service exclusive to Premium (as listed here) or Standard services at a level above that is provided free of charge to Standard users, we will issue you a partial refund based on your usage of the Premium Services. So if you order a physical Revolut card and cancel your Premium membership, card and delivery fees of £10, €12, or currency equivalent will be deducted from your Revolut account before the Premium fee is refunded.
  • If you haven’t used any of the Premium services provided, no money will be deducted from your Revolut account.

If you cancel outside of the 14-day period:

  • If you are on the Annual Plan, we will cancel your automatic renewal for another year provided that you cancel via our in-app chat at least 1 month prior to the end of your 12-month contract. This means that you would be able to use your plan only until the end of your initial 1-year subscription period.
  • If you are on the Monthly Plan, you have the option for early termination at any time within the first 10 months. A £14/€16 fee will be deducted from your Revolut Premium account and your Premium membership will be cancelled. If you cancel in Month 11, as you are inside the 1-month notice period you will receive your subscription for the remainder of your 12-month Monthly Plan. Your subscription will not be auto-renewed for the next year.

The verdict

The jury’s still out on the value of the premium card. It’s hard to see where the value comes from unless you’re regularly transferring large sums of money or buying and exchanging high volumes of cryptocurrency.

If you’re looking for a day to day option or a simple way to travel abroad and spend money cheaply, the Standard option is better for you. Check out our in depth review to find out more. It’s also worth checking out the other competitors, which you can find on the left in the sidebar.

If you’re interested in a Revolut card, click the button below and enter your phone number to get a card delivered to your door.

Revolut (Standard)

Get £5 free cashback and a Revolut card

  • Free card delivery worth £5 with Finder
  • Open an account in minutes
  • Instant spending notifications
  • Trusted by 8 million users
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Compare banking apps

Updated April 5th, 2020
Name Product Fees and charges Delivery speed
Revolut (Standard)
Free with finder.com, otherwise card delivery is £4.99
Up to 9 working days
App-based current account with loads of extra features. (e.g. Real time transactions, payment categorisation, save spare change, free international money transfers, buy cryptocurrency)
Starling Bank
Free
Between 3-5 working days
Everything you get from a current account, but with new features for mobile living. (E.g. Goals for saving, spending catgorisation, interest on your balances)
Curve
Free
5 days
Curve simplifies your finances by connecting all of your accounts to one smart card, letting you manage all transactions through the app.
Cashplus Activeplus
£2 for ATM withdrawals
Between 3-5 working days
Current account and Mastercard - all managed from your phone. Also comes with a creditbuilder option.
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Compare up to 4 providers

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23 Responses

  1. Default Gravatar
    SharonJune 4, 2019

    I am traveling to Mexico, can I use this card in Mexico?

    • Avatarfinder Customer Care
      JhezJune 4, 2019Staff

      Hello Sharon,

      Thank you for your comment.

      Yes, you can use your Revolut card in Mexico. You can load card in GBP & spend there with the inter bank exchange rate.

      Regards,
      Jhezelyn

  2. Default Gravatar
    JamesMay 20, 2019

    How long does the premium card take to arrive once you upgrade from the basic account?

    • Avatarfinder Customer Care
      CharisseMay 21, 2019Staff

      Hi James,

      Thanks for reaching out to Finder.

      Revolut cards are normally dispatched in the next working day after the order has been placed. Standard delivery time may take up to 9 working days and express delivery to the UK should take 3 business days.

      You can check the estimated time of your card arrival under the ‘Cards’ section of the Revolut app. Please note that these are estimated delivery times so specific delivery date is not guaranteed.

      I hope this helps.

      Cheers,
      Charisse

  3. Default Gravatar
    GaryMarch 26, 2019

    If I take out the premium card, how long will the medical insurance cover for I am planning a two-year trip to Thailand. Would I be covered?

    • Avatarfinder Customer Care
      JhezMarch 27, 2019Staff

      Hello Gary,

      Thank you for your comment.

      The insurance starts as soon as you depart from your usual place of residence in your home country to commence a trip and have activated the policy. It finishes on the occurrence of whichever of the following events happens first:

      -When you return home at the end of the trip
      -At midnight on the end date shown in the most recent statement of insurance
      -When you downgrade to the Standard membership or close your Revolut account if you’re insured via Revolut Premium

      Regards,
      Jhezelyn

  4. Default Gravatar
    PeteDecember 23, 2018

    Why the monthly charges subscription for?

    • Avatarfinder Customer Care
      JoshuaDecember 24, 2018Staff

      Hi Pete,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Are you referring to the monthly subscription fee of Revolut premium? If yes, then it is charged to you so that Revolut could earn and continue running their business. If they don’t earn anything, they would soon go out of business and would not be able to serve you and other customers anymore.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  5. Default Gravatar
    EamonDecember 7, 2018

    I want to transfer some money out of my Belfast account (sterling) to my Rep of Ireland account(euro). I’m new to Revolut so how do I proceed with this.

    • Avatarfinder Customer Care
      JoshuaDecember 12, 2018Staff

      Hi Eamon,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      If you want to make a bank to bank transfer, you don’t need Revolut to do that. You can directly request for the transfer to be made from your Belfast account to your Ireland account.

      Alternatively, if you wish to use Revolut, you would need to first transfer the money from your Belfast account to your Revolut and from Revolut, transfer it to your Ireland account.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  6. Default Gravatar
    SBBNovember 27, 2018

    You omitted to say that a constantly changing new Virtual Card comes with each online payment with Premium – This gives huge security on line and is a major advantage over Standard Revolut Cards

  7. Default Gravatar
    AlexNovember 23, 2018

    Hi,

    I have one question: if I take the premium card, the free medical overseas insurance will be only for me or me plus 1?
    Thanks

    • Avatarfinder Customer Care
      CharisseNovember 24, 2018Staff

      Hi Alex,

      Thanks for reaching out to finder.

      Only Premium cardholders will receive free travel insurance. However, you can easily add your family and friends (travel companions) to your holiday insurance policy directly from the Revolut app although, this may come with an extra cost.

      If you are already a customer, you can find all the relevant documents, including your policy document within the Insurance section of the Revolut app.

      I hope this helps.

      Cheers,
      Charisse

  8. Default Gravatar
    StuartOctober 22, 2018

    Can I get a Revolut standard card faster than 9 days if i pay extra delivery fee?

    • Avatarfinder Customer Care
      joelmarceloOctober 22, 2018Staff

      Hi Stuart,

      Thanks for leaving a question on finder.

      If you lose your RevolutCard whilst you’re travelling, They’ll get a new card to you in up to three business days and you don’t even need to contact them.

      You can order an Express RevolutCard directly from the App: go to ‘Card’, tap ‘Block’, ‘Replace Card’ and select ‘Express Delivery’. Add the address of your location and your new card will be in your hands within three business days.

      The Express delivery times are as follows:
      UK: Up to two (£10) or nine (£6) business days.
      Europe: Up to two (€20) or nine (€7) business days.
      The United States or Canada: Up to two business days (€30).
      Elsewhere: Up to three business days (€30).

      Please send me a message if you need anything else. :)

      Cheers,
      Joel

  9. Default Gravatar
    NicolaSeptember 18, 2018

    I was told if I purchased the premium my companions would be covered on the travel insurance but what was not told Is that would be an EXTRA £30?

    • Avatarfinder Customer Care
      JhezSeptember 20, 2018Staff

      Hello Nicola,

      Thank you for your comment.

      Sorry to hear about you not being told by Revolut about the extra charge on the travel insurance. Regarding the extra they are charging you, would be best to confirm this with them as they have mentioned that being a Premium user will cover you for a travel insurance.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  10. Default Gravatar
    JosieSeptember 10, 2018

    So if I travelled to a country that does not have a currency listed as being supported, can I still use the card to access money I have put in the card? Are you saying this card will be less money than using Western Union to send me currency?

    • Avatarfinder Customer Care
      JhezSeptember 10, 2018Staff

      Hello Josie,

      Thank you for your comment.

      Yes, you can still use your Revolut card in a country which currency is not supported. If this happens, you should always opt to be charged in the local currency of the country you’re in.

      When using the card, choose with conversion, and their own exchange rate applies. This rate usually has a markup on the interbank rate, enabling the ATM provider or merchant to make a profit on your transaction. Western Union has their own exchange rate as well.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

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