Revolut has launched its latest and most expensive Ultra plan. The fintech company provided additional details to convince customers that it’s a good investment. The price of the Ultra plan when paying for a year upfront is $625 (PLN 2520) (or 260 per month), and in return, customers are expected to gain benefits with a total market value of up to $4,816 (PLN 19400).
As it turns out, this approach has already won over a large group of interested parties. More than 430,000 Revolut customers, including more than 15,000 in Poland, have signed up for a waiting list for the launch. In the coming days, the first customers on the list will receive invitations to activate the plan and order the card.
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Revolut Ultra – what is unique about this plan?
In the Revolut Ultra plan, the fintech primarily tempts with a platinum-plated Mastercard. It comes with benefits such as subscriptions to the Financial Times, NordVPN, ClassPass, or WeWork, unlimited international transfers with no transfer fees, 1.2% cashback on Revolut Pro card payments, and 24/7 support with a call-back option to speak with a consultant (in English).
The Ultra plan also includes purchase insurance – against theft or damage, up to €10,000 per year for one year after purchase, ticket insurance – in case of event cancellation, up to €5,000, and purchase return insurance – in case of cancellation, up to €600, for 90 days after purchase (terms and conditions apply).
Revolut argues that the Ultra plan will work especially well when traveling
Customers of the most expensive plan have at their disposal more than 1,400 airport lounges worldwide (free of charge), including refreshments, drinks, and service (DragonPass). In the event of a change of plans, insurance provides a refund of travel costs (without giving a reason for cancellation). Revolut has calculated that this package of services is worth about $2,200. Regardless of the reason, Ultra customers can be reimbursed up to €5,000 per year for canceled flights, train rides, accommodations, or events.
Revolut Ultra also guarantees medical and dental insurance while traveling – including winter sports. Travel insurance also includes coverage for a rental car, lost or damaged luggage, delayed flights, and third-party liability.
Ultra customers will also benefit from reduced cryptocurrency trading fees (down to 0.49% per trade vs. 1.99% on the Standard plan) and interest-bearing savings accounts with daily interest payments – in the UK 3% per annum for GBP and 3, 45% for USD and – in Poland 5% per annum for PLN.
Customers on the Ultra Plan waiting list will receive 5% cash back on purchases in the first month after purchasing the plan (up to the equivalent of the monthly plan fee. After the promotional period, they will benefit from cashback of up to 0.1% in Europe and 1% worldwide (outside Europe) .
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First published in TELEPOLIS, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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