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.
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.
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:
- Fee for payments in foreign currencies
- Fee for ATM withdrawals in foreign currencies
- 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
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.
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.
All your deposits with Revolut are protected by the English FSCS (Financial Services Compensation Scheme) up to £85.000.
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.
- 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
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)|
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|
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. Read more about it here.
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.
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.