Revolut offers a free card for use abroad with its Standard plan. Some fees may apply for certain transactions.
Revolut has revolutionized international spending by offering a card that’s free to use abroad. The Standard plan includes no monthly fees, making it attractive for travelers. Users can spend in over 150 currencies at the interbank exchange rate. Some fees, such as ATM withdrawals above a certain limit, do apply.
This makes Revolut a popular choice for those looking to manage money efficiently while traveling. Understanding the specific terms and limits is essential to maximize benefits. Revolut’s user-friendly app helps track expenses and manage budgets seamlessly. The card is a convenient tool for global financial transactions.
Introduction To Revolut
Revolut is a digital banking app that offers many financial services. It is popular for its cost-effective and easy-to-use features. Many people use it for its global payment solutions.
Company Background
Revolut was started in 2015 by Nikolay Storonsky and Vlad Yatsenko. The company aims to make financial services more accessible and affordable. It offers a range of services including currency exchange, international money transfers, and cryptocurrency trading.
Global Reach
Revolut has grown rapidly since its inception. It now serves over 15 million customers worldwide. The app supports 30+ currencies and allows fee-free spending abroad. This makes it a favorite among travelers and expats.
| Feature | Description |
|---|---|
| Currency Exchange | Convert money at real exchange rates |
| International Transfers | Send money globally with low fees |
| Cryptocurrency | Trade cryptocurrencies within the app |
- Supports multiple currencies
- Fee-free spending abroad
- Real-time exchange rates
Revolut Card Overview
The Revolut card is a powerful tool for travelers. It offers a range of features that make it an attractive choice for those who often go abroad. The card allows you to spend in multiple currencies without hefty fees. Below, we explore the different card types and their benefits.
Card Types
Revolut offers several types of cards. Each card has unique features tailored to different needs.
- Standard Card: This is the basic card. It is free and has no monthly fee.
- Premium Card: This card comes with more perks. It costs $9.99 per month.
- Metal Card: This is a top-tier card. It costs $13.99 per month and offers the best benefits.
Features And Benefits
The Revolut card has many features and benefits that make it stand out.
| Feature | Standard | Premium | Metal |
|---|---|---|---|
| Free International Spending | Up to $1,000/month | Unlimited | Unlimited |
| ATM Withdrawals | Up to $200/month | Up to $400/month | Up to $800/month |
| Customer Support | Standard | Priority | 24/7 Priority |
| Insurance | None | Travel Insurance | Travel and Device Insurance |
- Instant Currency Exchange: Exchange money at interbank rates.
- Budgeting Tools: Track your spending easily.
- Virtual Cards: Use virtual cards for online shopping.
The Revolut card is designed for ease of use. Its features and benefits make it a great choice for travelers. Whether you pick the Standard, Premium, or Metal card, you will find it useful.
Using Revolut Card Abroad
Travelers love the Revolut Card for its ease and cost-effectiveness. Using the Revolut Card abroad can be a smooth experience. This section will guide you through the essentials.
Transaction Process
The transaction process with the Revolut Card is simple. It works like any other debit card. You can use it for purchases, withdrawals, and online shopping.
Steps for a transaction:
- Present your card at the payment point.
- Enter your PIN when prompted.
- Confirm the transaction on the device.
The Revolut app keeps track of all your spending. You can instantly see your transactions. This helps in managing your budget while traveling.
Supported Countries
The Revolut Card is accepted in many countries worldwide. Here is a list of some supported countries:
| Region | Countries |
|---|---|
| Europe | France, Germany, Spain, Italy |
| Asia | Japan, South Korea, Singapore |
| Americas | USA, Canada, Brazil |
| Oceania | Australia, New Zealand |
Before traveling, check if your destination accepts the Revolut Card. This ensures a hassle-free experience abroad.
Fees And Charges
Traveling abroad with a Revolut card can be convenient. Understanding the associated fees is essential. This section covers the various fees you might encounter.
Transaction Fees
Revolut offers free transactions abroad under certain conditions. Here are the details:
- No fees for standard cardholders on weekdays.
- Weekend transactions incur a small fee.
- Premium and Metal cardholders enjoy free transactions anytime.
Currency Conversion Fees
Currency conversion is a crucial factor when using Revolut abroad. Let’s break it down:
| Card Type | Weekday Fee | Weekend Fee |
|---|---|---|
| Standard | Free up to €1,000 | 0.5% to 2% |
| Premium | Free | 0.5% |
| Metal | Free | 0.5% |
Revolut uses the interbank exchange rate during weekdays. On weekends, a small markup applies. This varies depending on the currency.
Keep these fees in mind to avoid surprises. Understanding these charges helps in budgeting better for your trips.
Free Usage Conditions
Revolut is a popular choice for travelers. Many users wonder if it’s free to use abroad. This section discusses the Free Usage Conditions of a Revolut card.
Monthly Limits
Revolut offers a free plan with certain limits. Each month, you can spend up to a specific amount for free. Beyond this limit, a small fee applies.
- Currency Exchange: You can exchange up to €1,000 per month at the interbank rate.
- ATM Withdrawals: You can withdraw up to €200 per month without fees.
After these limits, a 2% fee on withdrawals is charged. Currency exchanges incur a small markup.
Premium Plans
Revolut offers premium plans for frequent travelers. These plans provide higher limits and additional perks.
| Plan | Monthly Fee | Currency Exchange Limit | ATM Withdrawal Limit |
|---|---|---|---|
| Standard | Free | €1,000 | €200 |
| Premium | €7.99 | Unlimited | €400 |
| Metal | €13.99 | Unlimited | €600 |
Premium and Metal plans also offer perks like travel insurance and lounge access. This makes them great for frequent travelers.
Comparing With Competitors
Traveling abroad can be expensive. Many people look for ways to save money. One way is using a cost-effective card for foreign transactions. Let’s compare the Revolut card with its competitors.
Traditional Banks
Traditional banks often charge high fees for foreign transactions. These fees can add up quickly.
- Foreign transaction fees: Typically around 3% of the transaction amount.
- ATM withdrawal fees: Range from $2 to $5 per withdrawal.
- Exchange rates: Often less favorable than market rates.
Using a traditional bank card abroad can be costly. It is important to check the fees and rates before traveling.
Other Digital Banks
Digital banks offer more competitive rates and fees. Here is a comparison between Revolut and other digital banks:
| Feature | Revolut | N26 | Monzo |
|---|---|---|---|
| Foreign transaction fees | Free up to a limit | Free | Free |
| ATM withdrawal fees | Free up to €200/month | Free up to €1,000/month | Free up to £200/month |
| Exchange rates | Interbank rate | Interbank rate | Mastercard rate |
Revolut, N26, and Monzo offer great features. They provide free foreign transactions and favorable exchange rates. Each has different ATM withdrawal limits.
Revolut is an excellent choice for travelers. It offers competitive fees and favorable rates.
User Experiences
When using the Revolut card abroad, user experiences vary. Some users praise its benefits, while others face challenges. Let’s dive into real user reviews and common issues.
Customer Reviews
Many travelers share positive experiences with the Revolut card. They appreciate its ease of use and low fees. Here are some highlights:
- No hidden fees: Users report no surprise charges.
- Fair exchange rates: Many find the rates competitive.
- Convenient app: The app helps track spending easily.
Here are some real user reviews:
| User | Review |
|---|---|
| John D. | “Used Revolut in Europe, saved a lot on exchange fees!” |
| Sarah K. | “The app is user-friendly, and rates are great.” |
| Mark L. | “No hidden fees, very transparent.” |
Common Issues
Despite positive reviews, some users face issues. Here are common complaints:
- ATM withdrawal limits: Some users hit monthly limits quickly.
- Customer support: A few users report slow response times.
- Card acceptance: In some countries, the card isn’t accepted everywhere.
Understanding these issues helps set realistic expectations. Here are some detailed user feedbacks:
| User | Issue |
|---|---|
| Emma W. | “Hit my ATM limit fast, had to switch to cash.” |
| Tom R. | “Customer support took days to respond.” |
| Lucas M. | “In Japan, many places didn’t accept my card.” |
Tips For Using Revolut Abroad
Using your Revolut card abroad can save you money. Follow these tips to maximize its benefits and avoid hidden fees.
Maximizing Benefits
To get the most out of your Revolut card, use these strategies:
- Check exchange rates: Revolut offers real-time exchange rates. Always check the rate before making a transaction.
- Use local currency: Always opt to pay in the local currency. This avoids additional conversion fees.
- Enable security features: Use the app to disable or enable card features. This keeps your funds secure.
Avoiding Hidden Fees
To avoid hidden fees while using Revolut abroad, consider the following:
- Be aware of limits: Know your free withdrawal and exchange limits to avoid extra charges.
- Avoid weekends: Exchange rates can be less favorable on weekends. Plan your exchanges on weekdays.
- Stay updated: Regularly check the Revolut app for any changes in fees or limits.
Here’s a quick table to summarize the key points:
| Tip | Action |
|---|---|
| Check exchange rates | Use the Revolut app |
| Pay in local currency | Select local currency during transactions |
| Enable security features | Manage via the Revolut app |
| Know your limits | Check free withdrawal and exchange limits |
| Exchange on weekdays | Avoid weekends for better rates |
| Stay updated | Regularly check the app |
Frequently Asked Questions
Is Revolut Card Free To Use Internationally?
Yes, the Revolut card is free to use abroad. However, some fees may apply for currency exchanges and weekend transactions.
Does Revolut Charge For Foreign Currency Exchange?
Revolut offers free currency exchange within certain limits. Beyond these limits, a small fee may be applied.
Are There Atm Withdrawal Fees Abroad?
Revolut provides free ATM withdrawals up to a certain limit. After that, a small percentage fee is charged.
Can I Use a Revolut Card In Any Country?
Yes, Revolut cards can be used in most countries worldwide. Always check for local restrictions before traveling.
Conclusion
Revolut offers a convenient way to spend money abroad. Its card provides competitive exchange rates and minimal fees. Always check for potential charges and limitations specific to your plan. Overall, Revolut is a cost-effective option for international travelers. Enjoy seamless transactions and manage your money effortlessly while abroad.
