A cashback of 1% could be possible if it is restricted to a select amount of stores that agree to sign some deal with Revolut. For example if some restaurants that a Revolut customer would not visit regularly offer a cashback it is likely that they will get more customers and generate more revenue. If the restaurant agrees to give back like 1.5% to Revolut and Revolut gives a cashback of 1% to its customers it might be a win-win case for everyone.
Of course it is up for debate if Revolut would consider such thing as it will take time and effort and Revolut is already busy trying to expand its market and update their products.
Revolut is already doing that, at least in the UK. Although that is open to all customers, not just the premium/metal ones. There are currently surprisingly many stores that participate, I haven’t counted but could easily be 50. There’s 1% at Amazon, 2% at Marks & Spencer and 3% at Swarovski (I know, I know…).
They do affiliate marketing with “Shops”, “Rewards” and “Stays”, yes. But that works a little differently than the cashback scheme Curve or US credit cards offer, where you just pay with the card and that’s all you need to do.
Would be nice to have more than 10 “free” trades monthly to be able to use revolut for stocks trading on a consistent daily basis. I guess 10 free trades are enough for long time investors but daily or trend traders are affected by this unfortunately. Same with the top 3 day-trades/5 working days period. Maybe this can be looked over? I’m not sure if this is something that’s going to be affected by the stocks/trading portfolios moving over to Bank of Lithuania.
Just imagine being able to travel and you’ve got £500 to £1000 budgeted for spending on the holiday an extra £5-10 is an extra meal or can go to charity or whatever. Also when you reach the £5K to £10K mark for spending it reaching £50 to £100 which is a lot in my opinion. So my personal recommendation is to provide a plan with no weekend fees. Charging extra money for the Ultra plan is the whole point, in my opinion.
Also another major feature folks will live for an Ultra plan:
No weekend fees. I am super financially conscious and the reason I like paying for stuff is so that I know I’m getting all this stuff and I’m saving overall. Hence, having no weekend fees takes another issue off my head and my brain can relax completely with full ease of mind. I think this service should only be for Ultra users.
I agree with Metal or Ultra plans having more than 10 “free” trades a month. Especially as Revolut used to offer unlimited free trades for Metal plans some while back.
I disagree about the day trading limit but only because I personally don’t think day trading is great, as it’s trying to gamify/gamble on short term rather than choose companies for what they do and their long term value etc.
But definitly is limiting to have 10 ‘free’ trades only per month. If most people budget from monthly earnings or salary and if they are putting money aside in to stocks each month (which is good savings planning) - it would be common for people to have chosen more than ten companies I would wager.
So having the limit of ten “free” trades means you can’t save to all of the stocks per month and you then end up unbalanced across your chosen stocks.
For me one addition to the Metal or the new Ultra plan, would be to bring back unlimited stock trading commision free.
This used to be an option for Metal customers exculsively but Revolut removed this down to a 10 free trades per month limit (which doesn’t roll over).
Seeing the cost of the new Ultra plan, I feel that there is enough profit margin for Revolut to offer unlimited commision free stock trading for the Ultra plan users perhaps.
For me its a major holdback from using Revolut more.
Apply the same exchange limits and atm cash withdrawal limits to the <18 cards under the metal account.
Just got a bit of a shock to fees on my son’s card who is in usa.
Only £250 exchange limit before I’m hit with commission and only £40 atm limit free!
If I had known I would have given him one of my cards!
He’ll end up spending a lot, Busch gardens, disneyworld etc😩
Why removing smart delays from ultra members? If I am traveling with a partner, and my flight is delayed, I would love to keep the option to get them in the lounge for free instead of paying.
Revolut Ltd (No. 08804411) is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562)..
Registered address: 7 Westferry Circus, Canary Wharf, London, England, E14 4HD.
Insurance related-products are provided by Revolut Travel Ltd which is authorised by the Financial Conduct Authority to undertake insurance distribution activities (FCA No: 780586) and by Revolut Ltd, an Appointed Representative of Revolut Travel Ltd in relation to insurance distribution activities. Revolut Ltd is an Appointed Representative of Lending Works Ltd for the activity of “operating an electronic system for lending”. Trading and investment services are provided by Revolut Trading Ltd (No. 832790). Revolut Trading Ltd is an appointed representative of Sapia Partners LLP (No 550103) which is authorised and regulated by the Financial Conduct Authority. Revolut Trading Ltd is a wholly owned subsidiary of Revolut Ltd.
