Revolut hikes pricing for premium plans, adds new subscriptions
By Gloria Methri
Revolut has increased the pricing of its premium plans under an overhaul that offers additional benefits for subscribing customers.
Revolut’s portfolio includes five plans – a free (Standard) plan with features and services for a day-to-day account, and four paid plans (Plus, Premium, Metal, and Ultra) with more benefits included for multiple financial and day-to-day needs.
Starting this month, Revolut Plus, Premium, and Metal customers in the UK will receive an email notifying them of changes to the price of their plan. Customers will pay £3.99 per month (or £40 annually) for Plus, £7.99 per month (or £80 annually) for Premium, or £14.99 per month (or £140 annually) for Metal.
As part of the upgrade, Premium and Metal plans will now include access to subscriptions for a host of lifestyle apps, including Tinder, Deliveroo, the FT, and others. Already available to Ultra customers, Revolut’s top-end membership, the partnerships will add an extra value for customers, up to £1,730* per annum, depending on the type of the plan.
Other perks already enjoyed by subscribing customers include global travel insurance, discounts for international money transfers, and higher limits for fee-dree ATM withdrawals.
Revolut will also offer its Plus customers an increased currency exchange fair usage limit of £3,000, from £1,000. The new limit will apply for a 30-day rolling period.
Tara Massoudi, Revolut General Manager of Premium Products, said, “We always listen to our customers and innovate our products to exceed their expectations. We are launching a unique offering, which will bring together a carefully selected bundle of lifestyle subscription services included with your Revolut Plan. One account that unlocks subscriptions bringing customers more value and convenience. As part of enhancing our paid plans, additional exciting benefits will come to Ultra customers in due course, too.”
Existing customers who are on a monthly billing can lock in their current plan price for a year by switching to annual billing before the date given in their email from Revolut. They can also downgrade their plan for free until the price change is implemented on the date in their email.
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