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Revolut Ultra Was Launched and Poles Show Interest in It
Revolut Ultra, or “Revolut for the rich” has taken off and, as it turns out, the high price has not deterred customers, on the contrary. There is a lot of interest, including in Poland. The fintech company convinces that it will pay off: by paying an annual fee of $625 (PLN 2520), one can gain in return benefits reaching the value of $4.816 (PLN 19,400).
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.
Read more about Revolut Ultra and find the most important financial news of the day with our companion app Born2Invest.
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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(Featured image by CardMapr.nl via Unsplash)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in TELEPOLIS, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
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