INSUBCONTINENT EXCLUSIVE:
Fintech startup Revolut is launching a new premium card
As the name suggests, subscribing to Revolut Metal gives you a metal card as well as additional perks compared to Revolut Premium.In
addition to the new card and existing premium benefits, you can claim cashback on all spending in the currency of your choice
It can be EUR, USD, BTC or ETH as Revolut supports fiat currencies and a handful of cryptocurrencies.Don&t expect to break the bank as
you&ll only receive 0.1 percent in Europe
In other words, when you spend €1,000, you&ll receive €1
But if you often travel outside of Europe, it could be a good deal as you&ll receive 1 percent in cashback outside of Europe.Every time you
use your Revolut card, the company gets a fraction of the card processing fee from MasterCard or Visa
Card processing fees are much lower in Europe, that why Revolut can&t give you back more money in Europe.Revolut Metal customers also get a
higher ATM limit and can withdraw up to €600/£600 without any fee
Premium users can only withdraw up to €400/£400 for free as a comparison
Finally, you can access a concierge service to book hotels, flights or restaurants if you&re a Metal subscriber.Revolut Metal costs €13.99
per month or €135 per year (£12.99 per month or £120 per year)
The basic premium subscription costs €7.99 per month or €82 per year (£6.99 per month or £70 per year)
You&ll need to pay many many things with your Metal card to cover the price difference.So it clear that Revolut is targeting people who want
to look cool with a metal card
It has a brushed metal look, a tiny Revolut logo in the top right corner and your name in the bottom left corner
It works with contactless card readers.Revolut is following N26 path and becomes the second challenger bank that offers a metal card
But the two companies have a different approach
Revolut card is slightly cheaper, and N26 focuses on partner offerings from WeWork, Hotels.com or Drivy.Revolut sent an email yesterday
saying that Metal is currently limited to existing Premium subscribers
The company only has 10,000 cards for now, so it could take a bit of time before you get your card.
