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 …
Revolut always uses the interbank rate, i.e. the rate the banks quote for trading between themselves. If you pay in US dollars in the USA, Revolut uses the best possible conversion rate to your home currency, whereby the rate is frozen almost to the second.
What’s more, if the US dollar is weakening and you want to create a cushion for your next holiday, you can add a dollar account within seconds and feed it at the current rate – at no cost at all.
We only encountered a problem once when we wanted to deposit the card with the music service Spotify. Spotify uses various measures to ensure that subscriptions link your own country. Noteworthy, the Revolut card is registered in England and got therefore rejected. However, we were able to deposit the card with PayPal, which was accepted by Spotify.
Tip: You can block and unblock the card at any time: Just open the card in the “Cards” section and tap the “Block card” button. You can also change the PIN code on the same menu.
Standard Revolut Card
The standard plastic card is used in real life to pay – just as you do today. Each card is NFC-enabled, so it is ready for contactless payment. For security reasons, enter the PIN the first time you use the card.
Tip: In Switzerland and even more so abroad, the rule is quite simple: If you always pay in the local currency, Revolut will charge you the best possible interbank rate. This is because terminal operators like to use their own conversion rate, which is a little more profitable for them.