@revofan what about Monzo card comparing to Alior Kantor? I assume they both works on Mastercard exchange rate so they should be the same in reg of currency exchange?
With Alior Kantor, you can get 3 cards (and that’s a drawback- not huge, but still three cards instead of one)- they’re absolutely free as long as you make 1 transaction of any type in 6 months after having been issued them. So, practically, free.
You get 1 free ATM withdrawal of any amount per card per month. Subsequent withdrawals of any amount are 9PLN each, deducted from PLN account. So guess what? FLAT RATE + 1st withdrawal free. So much better than Revolut right now, huh?
So- you got EUR, GBP and USD cards. Each of them has its own current account. You also get a PLN account, obviously. No card to it, you just use it for buying/selling currency.
EUR and GBP cards make sense only in EUR and GBP “zones” respectively. If the transaction currency is different than EUR or GBP, you’ll be charged a huuuge commission.
USD card is a different animal; use it all over the world apart from EUR and GBP and the card will use Mastercard rates to convert to USD. This gives you an excellent rate. - you get to buy USD from Kantor directly. Spread is really really low.
Hope you’re still following; So basically, here’s the deal:
- Want to pay in EUR? Buy EUR and use EUR card. No MC rates involved, you pay directly from your EUR account.
- Want to pay in GBP? Buy GBP and use the GBP card. Likewise for rates.
- Want to pay in USD and any other currency? Buy USD and use USD card. For USD, you pay directly, for any other, MC rates apply.
Exchange rates for these currencies are really good, as I said. They are worse on the weekend, but you can buy and keep and it won’t affect your weekend card transactions- unlike Revolut.
This one omits MC rates completely and on the weekend, you are at the mercy of Revolut weekend markups.
OK, I’m done. Hope this was helpful to Polish people out there… Really, Revolut can’t stand the competition here- sadly…