Revolut Premium Card Review – All You Need to Know

Revolut Premium Overall Score
Opening a Revolut Account
Revolut Banking App
Revolut Premium Fees
Revolut Premium Support

Read my Revolut review to get more information about the scoring. Note that the score for some of the features was adjusted to fit the product.

The Revolut Premium card offers higher limits on free ATM withdrawals and a dedicated travel insurance package as opposed to the free Revolut Standard card.

I have been using and testing the Revolut Premium card for some time now. In this Revolut Premium card review, I am sharing my experiences and thoughts on whether the Revolut Premium card is worth the money.

Please note that I have switched to Revolut Metal Card which is my new daily driver. I will no longer keep the information of this review updated which means that you should always doublecheck the latest fees and terms directly with Revolut. Revolut is also constantly changing their conditions and as of now, there is no more free Revolut cards for my readers.

Long Story Short

The Revolut Premium card does only pay off if you use the complimentary travel insurance. If you only compare the fees for ATM withdrawals, it's not the best option.

The premium card from Revolut is one of three cards that Revolut offers to private users. Apart from the premium plan, you can also use the free standard plan or opt-in for the Revolut Metal card with cashback bonuses.

The Revolut Premium card comes with a monthly subscription fee of €7.99 / £6.99. If you decide to get the annual plan and pay upfront it will cost you only €82 / £70. You will get a 14% discount.

The Revolut Premium card is suitable for anyone who is regularly exchanging currencies, frequently traveling and withdrawing higher amounts of cash.

and pay abroad for free

Revolut Premium: Great Card for Travelers

When you travel abroad and pay for your expenses you often don’t realize that with each payment you pay more due to the added foreign currency fees that you are being charged by your bank.

Banks usually charge three types of fees:

  1. Fee for payments in foreign currencies
  2. Fee for ATM withdrawals in foreign currencies
  3. Spread between the real exchange rate and the bank’s exchange rate

If you travel frequently those fees can easily pile up without you even realizing. But there is a way to avoid those fees and save money while paying for your expenses abroad.

Revolut’s mission is to eliminate most of the fees that come with currency exchanges and save you money for your payments abroad.

The Revolut Premium card comes with the following benefits:

  • No fees for payments in foreign currencies
  • The real currency exchange rate
  • No fees for ATM withdrawals in any currency up to €/£400, 2% on withdrawals above the limit
  • Three different designs (rose gold, silver, grey)

Before you continue reading, note that the Revolut Premium card is currently available only to users with a permanent residence in the following countries:

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom, Switzerland and Australia

All features of the Revolut Premium card

In my in-depth Revolut review I already mentioned many of the features that you can benefit from when signing up with Revolut.

If you are new to Revolut you can use this link to register and order your card. Revolut will waive the shipping fee of €/£ 5 that you would be usually charged for the Revolut Standard card.

The Revolut Premium card increased the limits for ATM withdrawals from €/£ 200 to €/£ 400 per month.

If you withdraw €1.000 a month, you would pay a fee of €16 ((1.000 - 200) x 2%) in case you use your Revolut Standard plan. With the Revolut Premium plan, you pay €12 ((1.000 - 400) x 2%) for ATM withdrawals.

If you would only consider the higher limits for ATM withdrawals it would not pay off compared to the monthly subscription fee of €7.99 / £6.99.

However, we can’t forget the additional travel insurance that comes with the Revolut Premium card has its price as well. Let’s look at the main advantages and few limits that come with the Revolut Premium card.

Pros and Cons of the Revolut Premium card

  • Free cash withdrawals up to €/£ 400
  • Free unlimited card payments worldwide
  • Functional and user-friendly banking app
  • Additional travel insurance that is connected to the user and not the card
  • No limits on free currency exchange
  • No free access to airport lounges
  • Travel insurance covers trips only up to 40 days
  • For some insurance claims, you have to pay excess
  • Monthly fee of €7.99 / £6.99

Revolut Premium Card

monthly fee (£ 6.99) or € 82 / £ 70 per year
Free ATM withdrawals up to € (£) 400 / month, above that 2%
Unlimited Free Currency Exchange Transfers
Free Money Transactions worldwide
Unlimited contactless payments worldwide for free
Insurance Package

Can I rely on the Revolut Premium travel insurance?

The travel insurance that comes with the Revolut Premium plan covers foreign medical expenses as well as emergency dental treatment. Apart from that, you will also receive compensation for delayed flights and luggage-delay.

Note that the travel insurance that comes with the Revolut Premium card covers you only for trips that don’t exceed the duration of 40 days. That’s half the time compared to its competitor, the N26 Black card.

However, the Revolut Premium card covers the expenses within the insurance policy even if you haven’t paid for the trip with your card. That means that you don’t need to cover the whole trip (transport, accommodation) with the Revolut card to activate the insurance. That’s not the same case with N26 Black card. You need to pay with the N26 Black to activate the insurance that comes with the premium N26 card. You can compare the different cards from N26 and Revolut here.

Now, let’s look at the coverage that comes with the Revolut Premium card.

Insured item with the Premium / Metal card Deductible / Excess
Foreign Medical Expenses up to € 17 Mio. (£15 Mio.) €86 (£75)
Delayed Flights over 4 hours ( €80 / hour up to max. €382) £320 none
Luggage-Delay Insurance for delayed flights over 4 hours up to €382 (£320) none
Emergency Dental Treatment abroad up to €350 (£300) €86 (£75)

Revolut Premium compared to Standard and Metal plans

If you are reading about the Revolut Premium card you might be as well interested in a comparison between other Revolut products. Here is a list of the main differences between the three offered plans. For more information read my in-depth Revolut review.

Revolut Standard Card Revolut Premium Card Revolut Metal Card
€/£ 0 per month €7.99/£6.99 per month €13.99/£12.99 per month
Free UK and Euro account Free UK and Euro account Free UK and Euro account
Spend in over 150 currencies at the interbank exchange rate Spend in over 150 currencies at the interbank exchange rate Spend in over 150 currencies at the interbank exchange rate
No fee for currency exchange up to €6.000 / £5,000 per month Unlimited free currency exchange Unlimited free currency exchange
Free ATM withdrawals up to €/£200 per month Free ATM withdrawals up to €/£400 per month Free ATM withdrawals up to €/£600 per month
Travel Insurance Travel Insurance
0.1% cashback bonus for payments in Europe, 1% for payments outside of Europe
Disposable virtual cards, fast transfers, 1 airport lounge pass

FAQ about the Revolut Premium card

How much does Revolut Premium cost?

The Premium card cost €7.99 / £6.99 per month. If you decide to pay upfront for the whole year you pay only €82 / £70 for the 12 months. In case you decide to downgrade while on the monthly plan you will need to pay a fee of £14.

What is Revolut Premium card?

The Premium Revolut card is a Mastercard that comes in three different designs (rose gold, silver, grey). Additionally, to the benefits of the Revolut Standard card, you will get dedicated travel insurance, higher limit on free ATM withdrawals as well as unlimited free currency exchange.

How to order Revolut Premium card?

You can order the Revolut Premium card from your Revolut app. Tap on More in the right-bottom corner and go to Upgrade. You can now choose from both Premium or Metal plans, read more about their features. As you click on Continue you can choose the annual or monthly plan. With the annual plan, you will get a discount of 14%.

Can I order the Revolut Premium card just for one month?

You can order the Revolut Premium plan for one month. Be aware however that you will need to pay the monthly fee of €7.99 / £6.99. In case you cancel your subscription you will be charged addittional £14 / €16. One month of the Revolut Premium card will therefore cost you £21 /€24. There is no trial period for the Revolut Premium card.

Is Revolut Premium worth it?

The Revolut Premium card might be worth the money if you are traveling regularly for max. 40 days and you aren’t insured elsewhere.

The insurance that comes with the Revolut Premium plan will cover you in case of an emergency.

The additional increase of the free cash withdrawal is only useful if you use the card abroad for most of the time and are in need of cash.

In case you already have travel insurance and don’t exceed the monthly limit for free cash withdrawals as well as €6.000 / £5.000 limit for free currency exchange there isn’t really a reason why you should upgrade for the Revolut premium plan, unless you want to benefit from the access to cryptocurrencies.

It is always recommended to have at least one spare card in case of a loss. N26 could be a good option for you. Read my comparison between N26 and Revolut here.

I have also published an in-depth guide about bank accounts for digital nomads. Read it to learn about all the available options.


  1. May 13, 2020 at 5:16 pm

    with regards to your review on revolut premium ,you state you are protected by the FSCS. This not correct you not covered by the scheme

    1. May 15, 2020 at 10:34 am

      Hi Paul,

      thanks for pointing it out. It made me curious so I asked their support. Indeed they aren’t protected by the FSCS. According to the support, the aren’t a “deposit-taking institution”. The funds are safeguarded under the Payment Services Regulations (section 19). I had the impression since they got their banking licence that the funds are protected by a deposit protection scheme – apparently they still don’t meet certain criteria until the “banking licence goes live”.

      “As we are an electronic money institution and not a bank, your money is not covered by the Financial Services Compensation Scheme. That’s because it’s safeguarded instead.”

  2. June 26, 2020 at 1:47 pm

    Can you exchange a premium card for a standard card? If so, how?

    1. July 1, 2020 at 9:28 am

      You can just cancel your membership and request to get a standard card, but I am quite sure they might charge for this.

  3. August 20, 2020 at 7:55 am

    If i decide to get a monthly premium account and then used it to get disposable virtual cards, could i then cancel the subscription and keep the cards?

    1. September 2, 2020 at 7:51 am

      I doubt it but haven’t experimented with this so I can’t tell for a fact.

  4. September 25, 2020 at 4:24 pm

    Is there more information about the travel insurance? When I went to visit Russia, i was to show proof of medical insurance. Is there a a way to get a medical card? i’m from USA, and just heard about the card from a friend in Romania. Also how can I send money to a friend with revolut?

    1. October 7, 2020 at 7:35 am

      I am not relying on the insurance from any card. The best medical insurance you can get online is from Safetywing.

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