Revolut review

Overview

Revolut, offered by Revolut Ltd, is a versatile debit card that caters to a broad international audience, including users in the US, UK, EEA, and other regions. While not a dedicated crypto card, it stands out for its integration with a wide range of cryptocurrencies, making it an attractive option for those who want to manage both traditional and digital assets within a single platform. Revolut operates as a regulated fintech company, which may appeal to users seeking a more mainstream and compliant service.

One of the key features of the Revolut card is its ability to facilitate crypto-to-fiat conversions for payments without charging exchange fees. This can be particularly advantageous for users who want to spend their cryptocurrency holdings without the hassle of manual conversions and associated costs.

How it works

Revolut offers a custodial wallet service, meaning the company holds your cryptocurrencies on your behalf. While this setup simplifies the user experience by eliminating the need for managing private keys, it also means users must trust Revolut with the security of their digital assets. The card supports over 300 cryptocurrencies, allowing users to buy, hold, and convert these assets within the Revolut app.

When using the card for payments, any cryptocurrency held in your Revolut account can be seamlessly converted to fiat currency at the point of sale, with no exchange fees applied. However, it’s important to note that while Revolut does not charge fees for these conversions, fair-usage fees may apply depending on the user’s subscription plan.

Revolut’s high per-transaction spend limit of up to £100,000 is a notable advantage for users who frequently make large purchases. This feature, combined with the ability to convert and spend a wide range of cryptocurrencies, makes Revolut a flexible option for managing both everyday expenses and significant transactions.

Fees and value

Revolut’s fee structure is plan-based, which means the costs you incur can vary depending on the subscription tier you choose. While the card does not charge exchange fees for crypto-to-fiat conversions, users should be aware of potential fair-usage fees. Additionally, there are no crypto custody fees, which is a significant benefit for users looking to minimize costs associated with holding digital assets.

Cashback is available on the Revolut card, but it is not specifically tied to crypto card spend. Instead, it is part of the plan-based rewards system. For instance, Metal plan users can earn up to 1% cashback on purchases made outside Europe and 0.1% within Europe. This cashback can be received in fiat currency or one of the five supported cryptocurrencies, including Bitcoin.

For more detailed information on Revolut’s fee structure and how it compares to other cards, you can visit our crypto card comparison page.

Who it’s for

Revolut is an ideal choice for users who value a mainstream, regulated platform with a wide range of cryptocurrency options. It is particularly suitable for those who want to integrate crypto spending into their everyday financial activities without the need for a dedicated crypto card. The ability to earn cashback and the absence of crypto custody fees add to its appeal.

However, users who prioritize earning rewards specifically on crypto card spend may find Revolut’s approach less attractive. Additionally, those who prefer non-custodial solutions or are concerned about the security implications of custodial wallets may want to explore other options. For more insights on how Revolut stacks up against other cards, check out our rating methodology.

Revolut’s broad availability and support for a diverse set of cryptocurrencies make it a strong contender for users seeking a versatile financial tool. However, its limitations in terms of crypto-specific rewards and custodial nature are important considerations.

Fees & costs

Pros & cons

Supported crypto

Coins:

Our take

Revolut offers a regulated, versatile platform for managing both traditional and crypto finances, though it lacks rewards on crypto spend and operates with a custodial model.