Revolut launches Ultra platinum card

Revolut recently announced the launch in Europe of its new high-end plan called “Ultra.” 

This plan offers a platinum card with a host of exceptional benefits, including enhanced travel features, insurance on purchases, cashback, subscriptions, enhanced trading services, and much more. 

Below are all the details. 

Revolut’s new platinum card: all the features 

As anticipated, Revolut has officially launched in Europe its new exclusive plan called “Ultra,” which represents a new concept of luxury in lifestyle. 

After the initial announcement last winter, more than 430,000 Revolut customers in the European Economic Area and the United Kingdom have registered for the Ultra waiting list and will be gradually invited to unlock the new plan, subject to availability.

Ultra represents a premium subscription, positioning itself above the existing Plus, Premium and Metal plans. It is aimed at a growing segment of ambitious consumers interested in a luxurious lifestyle.

In addition, customers who join the waiting list and choose to pay the annual fee of EUR 540 will receive 5% cashback on purchases in the first month (up to the amount of the monthly plan).

In addition, Revolut’s new platinum card offers elevated travel experiences: lounge access at more than 1,400 airports, cashback on hotels, unlimited weekday commission-free currency exchange, and cancellation insurance for any reason. 

These benefits turn travel into a superior experience. Then, there are the unparalleled lifestyle benefits: a platinum card that offers 24/7 customer support, including a callback service. 

In addition, customers enjoy unlimited and fee-free international money transfers, as well as access to exclusive subscriptions with partners such as Financial Times, WeWork, NordVPN and others. 

These benefits give Ultra customers a personalized experience every day. 

Not only that, cryptocurrency trading at reduced fees is also on the list: Ultra users benefit from reduced fees for cryptocurrency trading, allowing them to make the most of opportunities in the cryptocurrency market.

Finally, a plan for global professionals: self-employed professionals and Revolut Pro users can enjoy a 1.2% cashback on payments made with the Pro card. This plan is designed to enable them to work worldwide with extra benefits.

Revolut’s other Ultra card features

Revolut’s Ultra cards are exclusively Mastercard, representing another important milestone in the partnership with Mastercard that supports Revolut’s expansion.

Ultra also offers protection for purchases of up to €10,000 per year for items stolen or damaged within one year of purchase. In addition, it includes cancelled event protection of up to €5,000 and a refund of €600 on eligible purchases within 90 days of the transaction (subject to insurance terms and conditions).

Ultra account holders can travel worldwide with peace of mind with global emergency medical and dental coverage, including winter sports. 

Ultra travel insurance also includes coverage for car rental deductible, loss or damage to baggage, delayed flights, and personal liability (subject to insurance terms and conditions).

In addition, Ultra members who book accommodations through Revolut Stays, Revolut’s accommodation booking feature, receive up to 10% cashback. 

Ultra customers can enjoy unlimited foreign exchange in more than 30 currencies and transfer unlimited money at excellent exchange rates without commission Monday through Friday. 

In addition, €2,000 in ATM withdrawals are offered with no additional fees charged by Revolut worldwide, saving about €40*+ in fees per year.

Revolut’s Platinum Card: “an unprecedented offer in Europe” 

Tara Massoudi, General Manager Premium Products at Revolut, had the following to say about this: 

“A growing number of our clients are interested in travel, lifestyle and investment products that offer premium experiences. This segment is redefining luxury, making it more functional and present in everyday life. These customers want to build a steady passive income, but also want to enjoy life, keep up with the latest trends, and travel the world.”

Hence, Revolut developed this new subscription tailored to meet all needs, envisioning to offer the best travel and lifestyle companion and creating an unprecedented offer in Europe. 

In other words, this unique card and subscription plan is designed specifically for those who value high-quality experiences in life.

Scott Abrahams, Executive Vice President Channel Partnerships, of Mastercard also added the following on the matter: 

“This exclusive premium offer will connect Revolut customers to the travel and lifestyle benefits they love. It’s the latest milestone in our partnership, which creates innovative products and secure ways to pay for Revolut customers.”

New record for Revolut: more than 30 million retail customers worldwide

Revolut recently announced that it has surpassed 30 million retail customers worldwide, after growing by more than five million new global users as of November 2022. 

Founded in London in 2015, Revolut now has more than 6.8 million customers in the United Kingdom. Revolut’s customer base currently conducts more than 400 million transactions per month, up from 350 million recorded as of November 2022. 

In addition, in the first three months of 2023, about 85 million peer-to-peer transactions were carried out among Revolut customers without any transfer fees. 

Revolut’s global financial super app continues to attract an average of nearly one million new customers per month, offering money transfer and exchange services. 

More than 30 million of its retail customers around the world have access to a wide range of innovative products, including peer-to-peer payments, savings safes, <18 accounts, and vacation bookings.