Revolut US Review

Who is the Revolut US card for?

Revolut is a European fintech company that is finally bringing its generous exchange opportunities to the United States. The Revolut US card is a debit card with no minimum fee, no hidden fees, and easy online banking accessibility.

With the Revolut US card, you will be able to exchange money into different currencies in seconds, while receiving the current exchange rate. This allows you to shop easily and cost-effectively while traveling internationally. However, note that a small exchange rate may occur depending on what currencies are being exchanged.

This debit card is very effective for the international traveler who wants to exchange money quickly and easily. All exchanges can be made quickly through Revolut’s app.

Lack of fees

Revolut successfully attempts to minimize costs for the cardholder with this card. Owners of this card will pay no overdraft fees, no minimum fees, and no maintenance fees, allowing you to use the card at no cost to yourself.

Different Plans

Revolut offers three different plans for their debit cards. The standard plan is free and provides no-cost ATM withdrawals up to $300 per month and 150 currencies to choose from at the interbank exchange rate.

The premium plan costs $9.99 monthly (or $95 if you pay it in the form of an annual fee), and it offers all of the previous perks along with overseas medical insurance, priority customer support, global express delivery, LoungeKey pass access, and many other perks. The added benefits of this card outweigh the costs if you are a frequent international traveler.

Finally, the metal card contains all of the previous benefits and offers 1% cash back outside of Europe on all payments. If you spend often and want cash back rewards, you can buy the metal card for only $12.99 per month, or around $130 annually.

Benefits

The Revolut US card allows you to hold, exchange, send, and receive money in seconds around the globe in 28 different currencies. All you need to do is open an account from your phone and add a $20 initial deposit. This will allow you to transfer money in 28 different currencies in 150+ countries with only a small .5% markup fee for anything above $6500 per month or for exchanges made on weekends. This means that you will pay no fee on currency exchanges that are less than $6500 per month during weekdays, allowing you to interchange your currencies easily.

You also will receive no cash withdrawal fees for up to $300 of withdrawals monthly. This will allow you to avoid pesky withdrawal fees that are common at many ATMs. Additionally, in terms of ATMs, you will have access to 55,000 ATMs worldwide.

You can also link direct deposit to your Revolut account in order to receive your paycheck up to a few days earlier. Getting paid earlier means that you can pay any outstanding bills faster.

Protections and Analytics

The Revolut US card offers a variety of different protection benefits as well. Your account will be FDIC insured for up to $250,000 of deposits. Also, Revolut’s award-winning anti-fraud systems are 7x better than those of average banks. Fraudulent transactions make up just .01% of total transactions.

This card also gives you the ability to lock and unlock your card at the click of a button. If your card is ever misplaced, lost, or stolen, you can easily protect from fraudulent transactions by locking your card.

You also will receive location-based security notifications if your card is used somewhere that seems abnormal. Finally, contactless pay has been added to this card in order to ease and secure all transactions that you make.

The Revolut app also allows you to manage your account more efficiently. You will have access to spending analytics to keep track of your transactions and receive insights on your spending.

Also, you can use Personal Vaults in order to reach your financial goals faster. Simply set goals and deadlines for yourself, and then track your progress. This can make it easier to keep enough money to finance certain purchases.

Last, you will receive daily discounts and cash back through the Perks page. View the page and learn what perks are trending such as 10% cash back on groceries or half-priced coffee. These cash back perks vary, so make sure you check what deals are currently available.

Conclusion

Frequent international travelers who are looking for a debit card to meet their currency needs should definitely consider the Revolut US card. Revolut allows you to stay on top of your account, earn daily discounts, and pay fewer fees, especially on currency exchanges, making this card valuable.