Reading Time: 4 minutes Do you still give away money The startup from London attracts numerous new customers with a modern app and many sophisticated, free services. Credit card A small piece of plastic with a chip that costs almost nothing to produce. It enables money transfers that de facto cost nothing at all. The credit card allows the …
The startup from London attracts numerous new customers with a modern app and many mature, free services.
A small piece of plastic with a chip that costs almost nothing to make. It enables money transfers that de facto cost nothing at all. The credit card enables the issuer to generate horrendous fees, usurious interest and other income without anyone lifting a finger. In short, a typical credit card is a real rip-off!
Fortunately, there are dark clouds over this business and the storm front has a name: Revolt. The young company from London fights against the classic fictitious banks and their credit cards and convinces with fresh ideas.
However, the term “credit card” is not quite correct as there are no credit notes. Instead, they are prepaid cards that are topped up in advance. This leads to a very relaxed and fast handling of the service, since a credit check and the entire paperwork are omitted: Less than five minutes elapse between registering in the app and issuing a virtual credit card (ingenious for online shopping). no matter what time it is, dear traditional banks.
Physical and virtual credit cards
Once you have completed the registration process, you will receive a virtual credit card that is as good as any other. It contains your name, a number, an expiration date and a three-digit security code. You can now load money onto this card and use it for online purchases. In our case, the physical card will arrive within two days.
Revolut’s best arguments are the flexible cost structure and low prices: In the basic package all services are free of charge – from the first plastic card to the use of the app and most money transfers. Account management is also free of charge.
You also benefit from the best possible exchange rates abroad.