Revolut launches Ultra platinum card for premium customers
By Gloria Methri
Revolut has unveiled a new membership plan dubbed Ultra, featuring a Mastercard branded platinum card. With an annual subscription fee of £540, the plan offers a range of lifestyle and travel benefits worth up to £4,100 to its cardholders.
The platinum-plated card includes subscriptions with Ultra partners including the Financial Times, NordVPN, WeWork, and ClassPass. The card features unlimited fee-free international money transfers, 1.2% cashback on Revolut Pro, and 24/7 member support.
Ultra also offers purchase protection of up to £10,000 a year on stolen or damaged items within a year of purchase, canceled event protection of up to £5,000, and refund protection of £600 on eligible purchases within 90 days of purchase.
Revolut Ultra travel benefits
Ultra members will have unlimited access to 1,400+ airport lounges worldwide which include food, drink, and exceptional service. And if travel plans change, Ultra offers ‘Cancellation for Any Cause’ insurance.
Additionally, Ultra members that book accommodation with Revolut Stays will receive up to 10% cashback. Customers can spend like locals with unlimited foreign currency exchange in 30+ currencies and transfer unlimited amounts of money at great exchange rates. Customers are also offered £2,000 in ATM withdrawals with no extra fees charged by Revolut worldwide saving an estimated £40+ worth of fees per year.
Subscription plans for elite customers
Ultra also allows customers to access ‘an ultimate subscription package’. These include access to subscriptions from brands including Financial Times Premium, three entries per month with WeWork, 20 credits per month with ClassPass, and a NordVPN Complete plan – with a total valuation of over £2,100 a year.
On top of this, customers joining the annual plan via the waitlist will receive 5% cash back on purchases within their first month. After this initial period, Ultra members can earn up to 0.1% cashback within Europe and the UK and 1% everywhere else in the world. Finally, freelancers and Revolut Pro users will enjoy 1.2% cashback on their Pro card payments.
Tara Massoudi, Revolut General Manager of Premium Products, said, “An increasing number of our customers are interested in travel, lifestyle & investment products that offer top-of-the-line experiences. In response to our customer’s demands, we are launching this new bespoke membership that we envision as the ultimate travelling and lifestyle companion. This unique card and membership plan was ultimately designed for those who enjoy the finer things in life.”
Scott Abrahams, Executive Vice President of Channel Partnerships, Mastercard added, “This unique premium offering will connect Revolut customers to the travel and lifestyle benefits that they love. It is the latest milestone in our partnership, creating innovative products and safe, secure ways for Revolut customers to pay.”