Yes, you need the app installed on your Android or iOS device. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. You can get insured for less than a pound per day or if you travel a lot, theres a 30 annual price tag. Can I use the Revolut card to pay in shops overseas? In other words, when you spend 1,000, youll receive 1. Here on topmobilebanks.com, he is covering macro trends in the digital banking industry. Press J to jump to the feed. It's not where the user is born. Receive 0.1% cashback on spending within Europe and 1% outside of Europe, capped at 13.99 per month. The delivery of a pre-paid Revolut card is completely free (except for Standard account holders). I updated my address in the app but how do I change the account to uk so I can benefit from the savings interest on my metal card and vaults? Regardless of what type of Revolut plan you are using, Revolut charges a mark-up between 0.5% and 1% during your currency exchange on the weekend. They recently screwed over all their metal users. Instead, the prestige that the sleek metal card offers its users is its true value. USD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK, PLN, and MXN: 0% during fx hours (weekdays), 0.5% when the markets are closed (weekend) The Revolut Metal account has a 16.99 USD/month fee, and comes with an exclusive metal card. on: function(evt, cb) { As with any, Finder is committed to editorial independence. We also dont like that theres a monthly 800 withdrawal limit. For cryptocurrencies, the exchange markup is 1.5% and for commodities 0.25%. So if you need help with your account, you have to call or email to get support. That sounds like a great deal although, luckily, I havent used it personally. I prefer using the Revolut metal card over the app anytime. In todays highly mobile economy, its a solid niche to fill, and theyve done well to achieve that. { You get 0.01 cashback. Learn how we maintain accuracy on our site. If you are currently a Revolut Premium member then you can upgrade to Revolut Metal immediately from the More section of your account. What is Revolut and how does it work? Maybe 2022 will be their year! Revolut used to allow up to 1,000 in monthly withdrawals but they recently lowered the amount to 600. You can round up your purchases to save the change into a normal or a crypto vault. ), tickr Review (Pros, Cons & Is It Right For You? It will be dependent on the delivery method you prefer and is clearly indicated on the app. Freetrade Review (Pros, Cons & Is It Right For You? The Revolut app also supports both Google Pay and Apple Pay, a very useful integration. Revolut will refund you for the month or months you didnt use your Premium account. Apart from its monthly fee of 12.99/m (13.99/m, $16.99/m, 1800/m), probably the worst aspect of Revolut might be their poor customer support experience. Revolut Metal users also get free international money transfersand travel insurance that covers emergencies or lost items. Revolut Metal customers also get a higher ATM limit and can withdraw up to 600/600 without any fee. The Revolut Metal card is the top-tier account offered by popular digital bank Revolut. Revolut Metal is the fintech companys most premium subscription plan. Former Metal subscriber. Tommy Gallagher is an ex-investment banker and founder of TopMobileBanks. During weekdays, Revolut Metal customers get commissions free currency exchange at the real-exchange rate. Revolut is following N26s path and becomes the second challenger bank that offers a metal card. An example is the vaults feature. As a Current mobile banking app affiliate, I get a commission at no cost to you if you decide to sign up through my links. Our website is not intended to be a substitute for professional financial or other advice. We may also receive compensation if you click on certain links posted on our site. It works with contactless card readers. How much gold do you get from Phase 2 Argos? The Metal account is the most expensive account in the Revolut gamma but it also offers a comprehensive service. Anyone thats not on the Revolut platform, can start here. Revolut recently added stock trading to its expanding catalog of bank products. TL;DR: The Revolut Metal card gives you cashback whenever you make a purchase, allows you to withdraw cash for free, and offers light travel insurance. The insurance will typically cover unforeseen events, accidents, serious illness or bodily injury during your period of insurance. Since this is an unofficial subreddit, please do not post private information (read more about this in the rules). Here is a curated breakdown of the features and benefits of the Revolut Standard, Premium and Metal cards. Getting Metal isn't worth it. The program is run through LoungeKey and offers access to over 1,000 airport lounges in 120 countries. Cheers! That's how much you'll need to spend to get your monthly fees returned as cashback rewards. Electric circuits fused into the sheet allow for 100% contactless payments. It's which country are you making the purchase from. If youre already on Revolut Premium, then you can upgrade to Metal instantly. You also get out-of-network ATM withdrawals at no cost up to $1,200 per month, and 100% fee-free ATM withdrawals at more than 55,000 ATMs in the Revolut network. Is the metal card a trend that other digital banks are going to follow? Youll earn cashback at the rate of 0.1% in Europe and 1% outside Europe. Luckily, weve got the answers. There are other metal cards on the market as well, of course, some came before Revoluts metal like Wells Fargo, Chase and Capital One in the US, and American Express Centurion on both sides of the Atlantic. ); All you have to do is spend money. As the name suggests, subscribing to Revolut Metal gives you a metal card as well as additional perks compared to Revolut Premium. If you top up your card in your home currency (eg euro), Revolut will automatically exchange your money to the local currency of wherever you use your card. The exclusive metal card is also great for people that dont mind spending a little more for it. A joint venture by AIB, Bank of Ireland, Permanent TSB and the Irish arm of Belgian bank KBC is needed to make 1 digital payments app! Check the real current exchange rate on Google and it will be almost identical to what Revolut is offering. (function() { Premium and Metal accounts offer the most competitive investing fees of all four plans. If you are unsure you should get independent advice before you apply for any product or commit to any plan. But if you often travel outside of Europe, it could be a good deal, as youll receive 1 percent in cash back outside of Europe. The metal card works in the same way as Standard and Premium cards - the main difference is that it's crafted from a single sheet of reinforced steel. Another potential downside is the weekend transaction fees on currency exchanges. Fintech startup Revolut is launching a new premium card. . While we are independent, we may receive compensation from our partners for featured placement of their products or services. I don't find too many advantages to having a Revolut Metal card unless you're regularly spending more than 971 GBP/1,125 EUR per month on expenses outside of Europe. With the Revolut Metal card you can spend in more than 140 currencies, and exchange in 28+ fiat currencies. This includes cryptocurrency spending. Revolut has said they plan to continually improve the benefits package and have recently added commission-free stock trading, unlimited disposable cards, and Junior accounts that can be set up for children under the age of 18. Two other options are to put in lump sums or to create a recurring monthly payment. If youre a new customer, download the Revolut app and create an account. not the most positive answers . LOL :). Trustpilot pages of these companies look like a bloodbath from all the red, negative reviews. Revolut Metal Card (Full Review 2022) Tommy Gallagher September 14, 2021; 12.99/m, 13.99/m, $16.99/m, 1800/m; Faster money transfers With such fierce competition from challenger banks like Revolut, they should have jumped on the metal bandwagon straight away. How much is a Revolut Metal card? Revolut is currently branching out and trying to attract wealthier customers, which is why they released the Revolut Metal Card. For Metal, theres a 10,000/year limit. You receive a discount if you pay upfront for a full year, which costs 120. If you're a high flyer, baller, whatever, you can opt for a Revolut Metal card, which costs 12.99/month. Once you are approved, Revolut will send you a Metal Card and will refund you for the time you didnt use your Premium account. You have to delete your current Revolut account completely, and start fresh with a brand new Revolut UK account. All in all, it's a very good plan for just $100 that you can cover from cashback and exchange fees. Savings Vaults were first introduced in 2018 and in the first two months, users saved a respectable 5 million pounds. Easy. Youll need to verify your ID with documentation and by taking a selfie. There are five Revolut metal card colors available to choose from gold, rose gold, silver, space grey, and of course the original black. })(); Lumio is registered as a Payment Services Directive Agent of Moneyhub Financial Technology Ltd,which is authorised and regulated by the Financial Conduct Authority.Find out more on theFCA Register. How much boost time do you have on the splooge boost? Compare the Best Online Trading Platforms in The UK (March 2022), The Best Budgeting Apps in The UK (March 2022), 5 UK Bill Management Apps (That Save You Time), Tracking Your Spending (6 Practical Hacks To Get Started), The 8 Best UK Money Management Apps (2022), Top 10 UK Bill Reminder Apps UK (iOS & Android). Youll need to pay many, many things with your Metal card to cover the price difference. The plan costs 12.99 per month and you can learn more about what's included here. Confirm details with the provider you're interested in before making a decision. The new Revolut Metal card is made from a single sheet of reinforced steel so its a good deal heavier than a regular credit card. Standard Premium Metal; Price: Free: $9.99/month: $16.99/month: Spend in currencies: 150+ 150+ 150+ Hold in currencies: 30+ 30+ 30+ Out-of-network ATM withdrawals: Up to $1,200/month: finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Updating your address will only make it so new cards will . You get 0.1 cashback. Your cashback is even limited. While, Great app and features but slow customer and not always very good customer service. Account Blocked with all my funds without any explanation How to transfer my stocks away from Revolut? Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Revolut Metal Card (Full Review 2022) Tommy Gallagher September 14, 2021 12.99/m, 13.99/m, $16.99/m, 1800/m Faster money transfers Worldwide travel insurance Free airport lounge passes Event ticket protection Purchase and returns protection Cheaper investing Unlimited no-fee currency exchange Revolut Metal is a premium service and costs 12.99/mo. It comes with several exclusive features, including: Cashback. ), Hargreaves Lansdown Review (Pros, Cons, Is It Right For You? On the plus side, you can get cash in virtually any currency you want so it balances out. Invitees were required to pay a $7,500 initiation fee and a $2,500 annual fee to add the ultra-premium card to their wallets. It's definitely worth it if you like to travel a lot and don't use much cash. When you sign up with Revolut, you have four account options to choose from: Standard, Plus, Premium and Metal. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, a great travel companion, Revolut Standard, Digital banks, Current accounts, Need to verify your identity in order to use your Revolut account. There is a 2% charge after the initial 600. Exclusive offer: Sign up through Finder and receive 6 months of no service fees with MoneyJar. So I need to upgrade. Revolut Metal customers also get a higher ATM limit and can withdraw up to 600/ . Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach. It just doesnt sit well. Choose from one of four tiers and manage your money from the comfort of your own home. Revolut Metal. Similar to Netflix, not everyone gets the same Rewards as recommendations. If you like to travel a lot and do not rely on cash too much, then Revolut Metal can be an amazing option to finance your globetrotting life. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We are glad that you are a user of the popular mobile bank or have shown an interest in becoming one. For every purchase I get 0,1% cashback ( German user) For every transaction outside of the EU I would get 1%. Under the More section of the app, go to Upgrade and press Go Metal!. The app interface is very smooth and has decent features for tracking finances, like a budgeting tool and breakdown of expenses. Its typical bait and switch. It has all the Revolut Premium benefits, plus: A fancy metal card; Triple ATM withdraws abroad (no fees up to /600) Up to 0.1% cashback within Europe and up to 1% outside Europe on all card payments. Revolut Metal is the fintech company's most premium subscription plan. It has a brushed metal look, a tiny Revolut logo in the top right corner and your name in the bottom left corner. There are no deposit fees, no subscription fees and no exit fees. One last drawback is Revolut does not have any physical banking locations. Tsering 9 October 2018 11:16 #5 What about after one or two months ?? A mid-tier, premium subscription plan that comes with a range of essential money management features to help you better manage your finances. Customer information is etched directly into the solid metal using a high-precision laser. You can only withdraw 600 a month before you have to pay a 2% processing fee. Ltd., a registered company in Singapore (Company No. Revolut Metal is geared towards those who like to travel internationally, so it has some perks that are very attractive for the habitual wanderer. Here is an overview of the currency exchange fees. The system works as follows: every pass generates a unique QR code directly in the app, so once a traveler has arrived at the airport, they just show their smartphone at the lounge reception. Must admit I get a bit annoyed at all the benefits given to new members without rewarding the old ones. You can send and spend money at the interbank rate. But they are launching across the world soon, so stay tuned. It comes with several exclusive features, including: If you are a big spender that like to take money out abroad, travels regularly or needs to spend large amounts in foreign currency, this card might be worth considering. Do you get medical travel insurance with Revolut premium? A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad. Charlie Barton is a publisher at Finder. What does it mean? Its a booking service you can use for basically anything. A Revolut Metal card costs 12.99 per month, which it deducts from your Revolut account automatically. It is an easy way to make yourself look important and cool. 5. Receive a stainless steel Metal card available in 3 shades, an insurance package and exclusive offers. Europe, South America, North America, Africa, Asia and Australasia are all covered to some extent. 2022 Creativity Style Marketing Pte. Do I have to exchange my money into the local currency of where I'm going? Revolut Metal. With each Revolut account, youll get a Euro IBAN account, a UK current account and a bank card. } Metal customers enjoy a range of exclusive benefits, including up to 1% cashback in any of Revolut's 29 supported currencies and 5 supported cryptocurrencies, a dedicated concierge service for booking things like flights and festival tickets, and early access to new features, such . Wise (formerly TransferWise) is an international account with over 50 currencies, instant and very convenient money transfers, a card to spend in any currency, bank details to be paid in 30 different countries and multi-currency direct debits. So, you can only get a card if youre a legal resident from one of the following countries: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the United Kingdom for now. Revolut allows users to start investing with as little as 1 and has listings for some of the biggest companies in the world such as Apple, Zoom, and Tesla, among others. How much cashback do you get from credit cards every month? Sign up to Revolut as a new customer through Finder and receive a free trial of the Revolut Premium account for 3 months. Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save. For most younger people, this is not a big deal, but older customers might be turned off by the inability to meet with a representative at a physical location. Click on 'Cards,' choose 'Physical,' and set one up on your app. Revoluts main draw is convenience so they have a mobile app that can handle most banking functions and some extra things. If you do most of your traveling over the weekend, then you can wrack up a good chunk in currency exchange fees. they gave me 12 months free so i dont care . You can even add a multiplier to the round up to speed up the savings. In some cases, Revolut's exchange rate is even better. Like many challenger banks, Revolut has been well-received among the younger and travel-inclined. Managed UK private client portfolios. } You can save money in vaults in any currency including crypto, and people usually use them to stash away some money for a house, holiday, or car. Revolut Metal is much more than just a contactless metal card. Revolut representatives say that it sounds odd and unnecessary, to say the least. Revoluts card is slightly cheaper, and N26 focuses on partner offerings from WeWork, Hotels.com or Drivy. Advertisement Coins. For Revolut Standard Account holders, the process is the same but you might have to wait for a couple of weeks due to a backlog. Youll also be able to spend in more than 150 currencies at the interbank exchange rate and carry out exchanges in 30 currencies fee-free. Yes. 600 is not that much cash, but if you travel and dont spend cash very often, it might work out fine. We update our data regularly, but information can change between updates. The Revolut card lets you spend in multiple currencies, get local cash from ATMs, and transfer money globally through one account based in Singapore. Press question mark to learn the rest of the keyboard shortcuts. We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker. A Revolut standard account is free to create and has no monthly fees while the premium account costs 6.99/mo. Keep in mind that Revolut will charge a 0.01% annual fee of total assets. Avoid revolut and especially metal. Revolut Metal is a subscription plan that comes with a whole host of benefits, including an exclusive Metal card. Wealthify Review: Should You Use This Robo-Adviser? Most people seem to think the Metal cards is unnecessary and a waste of money. However, they will tack on a 0.5% charge for exchanges made when the market is closed (i.e. Youll also get a refund for the month or months you didnt use your Premium account. Finally, you can access a concierge service to book hotels, flights or restaurants if youre a Metal subscriber. You can purchase additional airport lounge passes on the Revolut app. Revolut metal offers free global express delivery and priority customer support. Dont expect to break the bank, as youll only receive 0.1 percent in Europe. Here is a quick breakdown of Revolut Metals fees and charges: Currency exchange is a big draw of the program. This can be helpful if you think an ATM or a shop seems a bit dogdy. We are an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. I would never upgrade an account solely for the looks of a debit card but this one might just be worth it. 0 coins. We hope that this Revolut Metal Card review helped you make a decision. To verify your identity you will need to go to Profile under the More section of the Revolut app, tap Personal details, and verify your identity. Currency exchange is totally free during the week though. Will I be charged extra if I order a Metal card and cancel my Metal plan? Which countries can you get a Revolut card in? While most comments are negative, I actually like the Metal plan because: I can do the cashback in crypto (ETH) and do Dollar-Cost-Average for it, and if the price of ETH will rebound, the cost of the plan will be paid by the cashback alone, I can do unlimited EUR transfers free of charge, I can do up to 3 USD transfers for free, which would cost me a lot with other banks, I have auto-disposable virtual cards for online shopping. You'll also get delayed baggage and delayed flight insurance as part of the package. Card processing fees are much lower in Europe, that's why Revolut can't give you back more money in Europe. Heres our short verdict: Revolut metal card was never about value for money. If you tend to invest in Bitcoin or some of the 9 other cryptocurrencies that the app has to offer, you will have lower fees, but there are some other disadvantages. Revolut is a London-based firm that has been making waves in the fintech world recently. **If you order a physical Revolut Metal card and subsequently cancel your Metal membership within the first 14 days of upgrading your Revolut account, we will charge you 50 (or currency equivalent) for your use of the Metal Services during that time. All Revolut users are able to apply for Travel Insurance (except Swiss). Standard account holders pay no monthly or yearly fee; a Revolut Plus account is 2.99 month; a Revolut Premium accounts costs 6.99 a month; while a Revolt Metal account is 12.99 a month or 120 a year. Even with the standard plan global delivery is 4.99, so any Revolut plan gives great delivery benefits. This is an exclusive feature for Metal subscribers that gives you cashback in a currency (including crypto) of your choice. Some came after, such as N26, bunq, Curve, and Monzo to name a few. Aside from your metal card being delivered to your doorstep for free, you also get other perks that mostly enhance your traveling experience. Revolut has a handful of downsides, none of which appear to be absolute dealbreakers. 40,000 fee-free Allpoint ATMs in the U.S. Block Transactions Instantly From The App, Daily interest on savings Up to 0.65% AER, No-fee ATM withdrawals have an 800/m limit, 2% fee for withdrawing money from ATMs after 800/m limit. Premium users only get 8 commission-free trades per month and basic members only get 3 a month. Card processing fees are much lower in Europe, thats why Revolut cant give you back more money in Europe. You can leave a thumbs up or thumbs down to let them know what you thought about the recommendation. Revolut Metal also offers free international ATM withdrawalup to 600/mo. It comes with all the benefits of a standard and premium account, plus the Metal-exclusive benefits. Too bad then that we cant travel anywhere at the moment. The information contained on topmobilebanks.com is intended for informational and educational purposes only. Revolut Metal cardholders can use the concierge services to book flights, make dinner reservations, buy festival tickets, etc. Your rewards might be rejected if you return the product or buy offline when the promo was online-only, and other such reasons. Fully qualified CISI Investment adviser for 5 year. (Additional cards cost 40, subject to terms) Learn more about Metal Don't just take our word for it Express yourself with a card that does it all It starts with your card Using your Revolut card unlocks more ways to spend and save Shop smarter and safer online with our Shopper Chrome extension Revolut scores 4.4 out of 5 based on 115,500+ reviews and is rated Excellent on Trustpilot. With so much talent on the island, they have reportedly selected Italian fintech giant Sia to provide the technology. Sign up to Revolut through Finder and receive a free trial of Revolut Premium for 3 months. Create an account to follow your favorite communities and start taking part in conversations. Once it appears in your Revolut app (alongside the details of your physical card), you can use it right away for shopping and spending. Enjoy the subreddit and follow the rules. Do I need a smartphone to check my Revolut account? There are a couple of ways to save up money with vaults. How do you verify your identity in the app? event : evt, He is an early participant in banking digital transformation and fintech development. This account gets you more perks and higher limits than either of the lower tier account options, but is it worth it? If you travel to America and buy a coca cola can. After youre verified, you can start using your Revolut Metal account. Go to the More section of the app, tap Upgrade and then tap Go Metal!. It can be EUR, USD, BTC or ETH, as Revolut supports fiat currencies and a handful of cryptocurrencies. This can be a huge problem if you rely on cash when travelling abroad as you have to pay 2% on each transaction after 600. ), Monzo vs Revolut vs Starling: Head-To-Head Comparison (2020). For those that dont need the insurances or extra spending limits and just want a good card with budgeting tools and that is a great travel companion, Revolut Standard may be more up your alley. However, Revolut charges a 1.5% markup on the average exchange price. This includes online payments using your Revolut Card. Revolut supports over 150 currencies, so you can travel and use the card around the globe. The Revolut Premium and Metal plans offer travel medical insurance options and discounts on airport lounges. The real advantage is you get access to over 25 currencies with little-to-no exchange fees, so you always have access to money when and where you need it. Revoluts app incorporates a lot of money management solutions to help you keep your finances under control. I have the free account but the offer of one month discounted to 1 made me curious. The easy-to-use app and cheap abroad spending options have made it a popular consumer choice. Revolut is also constantly adding Rewards that range from online discounts to in-store cashback. However, they will not cover pre-existing conditions which are not on their acceptable conditions list. Revolut sent an email yesterday saying that Metal is currently limited to existing Premium subscribers. With the Metal Card, you don't need to worry about it. topmobilebanks.com is owned and operated by Creativity Style Marketing Pte. } If you have a Revolut Standard account, go to the Upgrade section to make the request. What are they waiting for? 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