Revolut Creditcard: A Comprehensive Guide

Revolut's credit card offers a range of benefits, including real-time spending updates and instant notifications.

You can customize your credit card to suit your needs, with options to set spending limits and block transactions.

Revolut's credit card is accepted worldwide, making it a great choice for international travelers.

The card also comes with a range of rewards and benefits, including cashback on certain purchases and exclusive discounts.

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The Revolut Credit Card is a versatile financial tool that offers a range of benefits. It's a contactless card that works worldwide, with no foreign transaction fees.

You can use the card to withdraw cash from over 550,000 ATMs in 120 countries, with a fee-free limit of £200 per month.

The card also offers a generous interest-free period, allowing you to pay off your balance without incurring interest charges.

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The Revolut Credit Card is a digital credit card that's part of the Revolut financial platform. It's designed to help users manage their finances more easily.

Revolut Credit Card is linked to your existing Revolut account, which means you can track your spending and stay on top of your finances in real-time.

The card has no foreign transaction fees, which means you won't be charged extra for making purchases abroad.

You can set spending limits and controls on your Revolut Credit Card, giving you more control over your finances.

With Revolut Credit Card, you can also earn rewards on your purchases, such as cashback or points.

The Revolut Credit Card is a solid option among neobank competitors, offering 0.1% cashback.

It's launched in several countries, including Poland, Lithuania, the United States, and Ireland, but not yet available in the United Kingdom.

You can start spending immediately after approval by adding the virtual credit card to your mobile wallet.

Revolut's automatic payment system ensures you never miss a bill, making it a convenient option.

The credit card has yet to come to the United Kingdom, so if you're in the UK, you'll have to wait a bit longer.

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Revolut's multi-currency debit card and wallet is a game-changer for international travelers, allowing you to store and exchange up to 28 currencies.

The card automatically deducts from the relevant currency when making a purchase, and if there are insufficient funds, it will convert from other currencies, ensuring seamless payment.

Revolut also offers budgeting tools, automatically categorizing all purchases and allowing you to set monthly budgets by categories.

You can even track your expenses and easily tell when you overspend, making it easier to stay on top of your finances.

The Revolut app also features a Vault that adds your spare change into a savings vault, rounding up your purchases to the nearest dollar and saving it in your account.

Revolut is free to use, but if you want more features, there are three Revolut Visa cards with monthly subscription plans: Standard, Premium, and Metal.

Here are the key features of each plan:

Revolut also offers advanced security features, including the ability to temporarily deactivate your card if you lose it, and set your own spending limits in the app.

Disposable Virtual Cards are available for Premium and Metal Card users, reducing the risk of online credit card fraud.

These features make Revolut a secure and convenient option for managing your finances.

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To apply for the Revolut Credit Card, you must be an existing Revolut customer in one of the countries where the card is available, including Poland, Lithuania, USA, and Ireland.

You can apply through the Revolut app or by visiting the Revolut website. The process is straightforward: click the 'Cards' tab in-app, complete the information in the questionnaire, and you should receive a decision within minutes.

If you don't see an option to apply, the feature may not be available to you yet.

To get started, download the Revolut app and go to the credit tab, where you can select the 'credit card' option.

The credit limit offered by Revolut ranges from €500 to €10,000, with each customer having a bespoke limit decided by Revolut's credit assessment.

Here's a quick summary of the application process:

Applying for the Revolut Credit Card is an easy and simple process, with an immediate approval process for those who are eligible.

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To qualify for a Revolut credit card, you must be at least 18 years old and have a valid UK address.

Revolut credit cards are designed for individuals with good credit scores, so if you have a history of missed payments or high credit utilization, you might not be eligible.

Applicants must also be residents of the UK, with a valid UK passport or proof of residence, such as a utility bill or bank statement.

You can apply for a Revolut credit card online, and the decision will be made within a few minutes.

Revolut credit cards are available to individuals, not businesses, and the application process is relatively straightforward.

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To apply for a Revolut credit card, you'll need to be an existing Revolut customer in one of the countries where the card is available, which includes Poland, Lithuania, USA, and Ireland.

You can apply through the Revolut app or by visiting the Revolut website. The process is straightforward and can be completed in a few minutes.

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To get started, click the 'Cards' tab in-app, or go to the credit tab and select the ‘credit card’ option in the app. You'll then need to complete the information in the questionnaire to apply for the card.

You should receive a decision within minutes, making the application process quick and easy.

Here are the steps to apply for a Revolut credit card in more detail:

Remember, if you don’t see an option to apply, the feature may not be available to you yet.

The credit limit for the Revolut credit card varies between €500 and €10,000, but each customer will have their own bespoke limit as decided by Revolut's credit assessment.

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There are no set up or ongoing monthly fees for a Revolut credit card, but you may be charged for card delivery, late payments, and withdrawing cash over a certain amount.

You can use your Revolut card in any place that accepts Visa, and it works like a debit card, allowing you to exchange and store up to 28 currencies in your multi-currency wallet.

The paid Revolut Pricing Plans give you a higher limit for ATM withdrawals, a lower currency exchange fee, priority customer support, nicer physical cards, and LoungeKey Pass access.

Here's a breakdown of the fees:

Revolut doesn't charge set up or ongoing monthly fees for their credit card, but you may be charged for card delivery, late payments, and withdrawing cash over a certain amount.

There are no set up or ongoing monthly fees for the Revolut credit card, but you may be charged for card delivery, late payments, and withdrawing cash over a certain amount.

The paid Revolut cards, however, offer more features and benefits, including higher limits for ATM withdrawals, lower currency exchange fees, priority customer support, and nicer physical cards.

Here are the fees associated with the paid Revolut cards:

It's worth noting that the paid Revolut cards also provide travel insurance coverage from Tokio Marine, which mainly covers emergency medical treatment and related expenses, emergency dental treatment, and delayed baggage cover.

Currency exchange fees with Revolut are charged based on your membership level, the amount you exchange each month, and London's market hours. You're split into either a "Regular" or "High Frequency Standard" customer.

If you're a standard user, you won't pay a currency exchange fee for exchanging USD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK, PLN, ISK, RSD, and CZK. However, if you exchange THB or UAH, you'll pay 1%.

High Frequency Standard users, who have exchanged more than S$9,000 or equivalent in any rolling month, pay a 0.5% currency exchange fee for exchanging USD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK, PLN, ISK, RSD, and CZK. They also pay 1.5% for exchanging THB and UAH.

During market hours, Monday to Friday, the fees are lower. But if you're exchanging THB or UAH, you'll pay 2% as a Regular user, and 2.5% as a High Frequency Standard user.

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Here's a breakdown of the fees during market hours:

And here's the breakdown of fees after market hours:

ATM withdrawals are free up to certain amounts depending on your membership level. Standard users get S$350 per month, Premium users get S$700, and Metal Card users get S$1050. A 2% usage fee is charged for amounts exceeding your limit.

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You can use the Revolut Card for everyday expenses like food, activities, and transport. In fact, the author of the article used it for paying museum tickets and even on the subway.

The exchange rates offered by Revolut are quite competitive, with hardly any difference between their rate and the internet exchange rate. For example, the author compared Revolut's rate for converting SGD to EUR and found a difference of just - EUR0.0005.

If you need to withdraw cash, you can use your Revolut Card at any ATM that accepts Visa or Mastercard. However, be aware that there are fees associated with cash withdrawals, and you'll be charged daily interest on cash advances.

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I used the Revolut card for everything from food to museum tickets to subway fares. The exchange rates were pretty good, with hardly any difference between Revolut's rate and the internet's rate.

In fact, I even put the exchange rates to the test by letting the account automatically convert from my remaining SGD. Revolut's rate was SGD1 to EUR0.6653, compared to the internet exchange rate of SGD1 to EUR0.6658, a difference of just -EUR0.0005.

Using the Revolut card was convenient, as I could pay for things without needing to carry cash. I made sure to have Euros in my account, but I also let the account automatically convert from my remaining SGD when necessary.

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Withdrawing cash with your Revolut credit card is a straightforward process, but it's essential to be aware of the fees involved. You can withdraw cash at any ATM that accepts Visa or Mastercard.

There are no fees for up to five withdrawals or £200 per month, whichever comes first. After that, you'll be charged 2% of the value of the ATM withdrawal.

The fees associated with cash withdrawals can add up quickly, so it's crucial to check the terms and conditions before using your card for this purpose. Daily interest on cash advances is charged, which can be a significant expense.

Revolut's standard debit card offers a more favorable withdrawal policy, but if you're using the credit card, be mindful of these fees to avoid any surprises.

Here are the key withdrawal details at a glance:

Revolut's security features are top-notch, and one of the things I love is the control you have over them. You can easily deactivate your card temporarily through the Revolut App if you lose it, which is a huge time-saver.

With Revolut, you can toggle security features like location-based security, contactless payments, ATM withdrawals, online payments, or magnetic stripe usage at will. This means even if you lose your card, it can't be misused since the features only work when you activate them.

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Disposable Virtual Cards are a game-changer, especially for Premium & Metal Card users. They're perfect for making online payments through dodgy-looking websites.

Revolut's Disposable Virtual Card will automatically be destroyed and a new one generated each time an online payment is made, reducing the risk of online credit card fraud.

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The APR on a Revolut Credit Card is the total amount of interest you'll pay on a loan, including any additional fees or charges, expressed as an annual percentage of the loan amount.

If you apply for a Revolut Credit Card and spend €4,000 of credit with an annual interest rate of 14%, you'll have to pay back a total of around €4,297, which includes all the monthly compound interest charges and fees.

The APR is subject to change, so it's essential to visit Revolut's website and read the credit card agreement to see the current applicable APR.

If you pay in full before the calendar month ends, Revolut will offer you a 62-day grace period to spend interest-free.

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As a Revolut Metal customer, you'll get some extra perks that make your experience even more rewarding.

You'll earn an additional 0.10% cashback on purchases, which can add up over time.

This cashback is on top of the regular benefits you get with your Metal account, making it a great option for frequent shoppers.

You'll also get 1% cashback on purchases outside of the EU, including online transactions made with any merchant outside the EU.

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You can use Auto-Exchange or Price Alerts to lock in exchange rates, making it easier to plan ahead for your trips.

Plan ahead and utilise the in-app Auto Exchange or Price Alert features to lock in favourable exchange rates. If you know that you’re heading to Europe, set a target for auto-exchange rate so to lock in favourable rates!

There’s an additional 0.5-1% surcharge on weekends, so it's best to exchange currency on weekdays.

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Monitoring currency exchange rates can help you score a slightly more favourable exchange rate. If you hover around the currency exchange screen on the Revolut App, you will notice that the currency exchange rates fluctuate every few seconds.

Always make sure you have spare SGD in your account to avoid being in a situation where you don’t have enough money in your account.

Here are some tips to help you get the most out of your Revolut credit card: