Revolut Credit Card – Discover the Benefits and How to Apply

The Revolut credit card is built for modern spending. It offers no foreign fees and strong security features. 

This article covers its benefits and how to apply. Learn how it fits your financial needs.

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Revolut Overview

Revolut is a financial technology company that focuses on digital banking solutions. It provides services such as payments, currency exchange, and budgeting tools. 

Their app-based platform makes it easy to manage finances on the go. They aim to simplify banking for a global audience. 

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Revolut operates in multiple countries, serving millions of users. Their credit card is designed to meet diverse financial needs.

Benefits of the Revolut Credit Card

This card offers key benefits, such as savings on international transactions and advanced security features. It combines convenience with tools that support smart financial management.

No Foreign Transaction Fees

The credit card eliminates fees for spending in other currencies, so you can save significant amounts when traveling or shopping internationally. 

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Exchange rates are close to market rates, ensuring fair value. This feature is ideal for frequent travelers or online purchases abroad. 

You avoid the typical hidden costs seen with many cards. It’s a practical choice for global spending.

Flexible Security Controls

The card includes app-based tools for better security. If it is lost, you can freeze or unfreeze it instantly. 

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Spending limits can be set to avoid overspending. Real-time notifications alert you to every transaction. 

This ensures complete transparency and safety. Security features are designed to give control and peace of mind.

Cashback Rewards

Earn 1% cashback on cashless transactions for the first three months or up to €1,000. After that, get unlimited 0.1% cashback on all credit card purchases. 

Cashback is added to the currency you use. This feature rewards everyday spending, no matter the amount. 

It’s simple and automatic, with no additional steps. You benefit from consistent returns on transactions.

Budgeting Tools

The card integrates with the app’s financial management tools. It tracks spending automatically, giving insights into where the money goes. 

You can set budgets for specific categories. Alerts notify you if you approach these limits. 

The app breaks down transactions into clear summaries. These tools make it easier to manage finances efficiently.

Applying for the Card

Applying for a Revolut credit card is simple online. You only need to meet a few basic requirements and provide the proper documents.

Eligibility Requirements

To qualify for the card, you must meet specific criteria. These are simple and focus on basic personal and legal details.

  • Age: You must be at least 18 years old.
  • Residency: Applicants need to reside in a supported country.
  • Account: An active account with Revolut is required.
  • Credit History: A good credit standing may improve approval chances.

Application Process

The online process is straightforward and can be done in minutes. Follow these steps to apply successfully.

  • Log In: Open your Revolut app and log into your account.
  • Navigate: Go to the “Cards” section in the app.
  • Choose Card: Select the credit card option and click “Apply.”
  • Fill Details: Enter your personal information and any requested financial details.
  • Submit: Review the application and submit it.

Required Documents

You will need some essential documents during the application. These help verify your identity and ensure compliance.

  • Government ID: A valid passport or national ID card.
  • Proof of Address: A recent utility bill or bank statement showing your address.
  • Income Proof: Some applications may require recent payslips.

Choose the Right Plan for Your Needs

It offers plans to match different financial needs and budgets. Each plan includes unique features to manage and enhance your money.

Standard

  • Cost: Free
  • It is ideal for sending money abroad and budgeting with built-in tools.
  • Perfect for essential money management without extra costs.

Plus

  • Expense: €3.99/month
  • Includes priority in-app support and spending protection.
  • Great for everyday use with added peace of mind.

Premium

  • Price: €9.99/month
  • Offers benefits for saving, spending, and investing.
  • Designed for flexible use at home or while traveling.

Metal

  • Fee: €15.99/month
  • Includes higher limits on investments and global spending.
  • Adds lifestyle perks for enhanced convenience.

Ultra

  • Price: €45/month (Introductory Offer)
  • Comes with exclusive lifestyle benefits and premium travel features.
  • Includes a precision-engineered, platinum-plated card.

Interest Rates and Fees

The Revolut credit card has clear interest rates and a simple fee structure. You only pay for what you use, with no hidden charges.

Interest Rates

The card’s fixed annual interest rate is 15% for purchases and cash advances. The APR (Annual Percentage Rate), including fees, is 16.08%. 

No interest or payments are required if you don’t use the credit. For a credit limit of €4,100 used over three months, the total repayment would be €4,255.01. 

Monthly payments are 3% of the balance, with a minimum of €10 plus any interest. These rates ensure users have predictable repayment terms.

Annual Fees

This credit card does not have annual or monthly fees. Charges only apply if you use the credit. 

This structure eliminates unnecessary costs for occasional users. Payments are linked to the amount of credit used. 

No fees are charged if the card remains inactive, making it a flexible option for managing finances.

Maximizing Your Card

Using your card wisely can help you save money and fully enjoy its features. Follow these tips to make the most of it.

  • Track Spending: Use the app to monitor real-time transactions and stay on budget.
  • Set Limits: Apply spending limits for better control over expenses.
  • Use Cashback Rewards: Take advantage of cashback offers on eligible purchases.
  • Avoid Foreign Fees: Use the card abroad to save on transaction fees.
  • Enable Security Features: Freeze your card instantly if lost for added protection.
  • Plan Ahead: Use the app’s budgeting tools to organize monthly spending.

Contact Information

For in-person assistance, visit 7 Westferry Circus, Canary Wharf, London, England, E14 4HD. For questions about the card, call their customer service hotline at +442033228352. 

The support team provides guidance and resolves inquiries quickly. For faster assistance, have your details ready when reaching out.

Disclaimer: Details about the Revolut credit card, including rates and fees, may change. To make informed decisions, confirm all information with the provider.

Final Thoughts on the Revolut Credit Card: Benefits and Application

The Revolut credit card offers practical features for managing finances. No foreign fees and strong security make it appealing. 

The application process is simple. Check the terms to ensure it suits your needs. It’s a useful tool for daily expenses.

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