Revolut RevPoints Explained: Is It Worth It?
HTML-код
- Опубликовано: 12 сен 2024
- 👋 LET’S CONNECT ON INSTAGRAM
/ smartmoneywithkai
⚡️ ALL MY FAVOURITE TOOLS
smartmoneywith...
🟡 JOIN SMART MONEY CLUB
www.smartmoney...
💡 GET SMART MONEY MOVES - MY FREE WEEKLY NEWSLETTER
Become a smarter investor in just 5 minutes a week
www.smartmoney...
✨ FREE DOWNLOADS
► FREE MONTHLY BUDGET & NET WORTH TRACKER
www.smartmoney...
► FREE SUBSCRIPTION TRACKER
www.smartmoney...
► FREE DIVIDEND INVESTING GUIDE
www.smartmoney...
► FAVOURITE BOOKS ON MONEY & INVESTING
www.smartmoney...
⭐️ BOOK A CALL WITH ME
Need financial guidance? 📈 Want to invest, but don’t know where to start? 🚀 Or just a friendly chit-chat? 😊
It's your call, literally 😉 Book a time, and let’s dive into it together. Can't wait to chat! 🙌
smartmoneywith...
🔥 STOCK BROKERS
► TRADING 212
Trading 212 offers commission-free investing in stocks & ETFs
Get a free share worth up to €100. Use my link below to get it
smartmoneywith...
► INTERACTIVE BROKERS
My personal broker of choice where I hold the majority of my investments
smartmoneywith...
► TRADE REPUBLIC
Stocks, ETFs, crypto, and more - your funds secured up to €100K
Get a free bonus share with my link
smartmoneywith...
► LIGHTYEAR
Low-cost broker for Stocks & Commission-Free ETFs
Great option for EU & UK investors
Get $10 of stocks. Use Code KAI10
smartmoneywith...
Capital at risk. The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: lightyear.com/terms. Seek qualified advice if necessary.
💰 FAVOURITE TOOLS
► SEEKING ALPHA
My favourite stock research tool - Get your special offer with my link
www.sahg6dtr.c...
► GETQUIN
My favourite Dividend & Investment Tracker. Auto-sync all your brokers
smartmoneywith...
► NEXO
Get $25 worth of Bitcoin
smartmoneywith...
► LEDGER
Keep your Crypto safe with the industry-leading hardware wallet
smartmoneywith...
✉️ EMAIL ME
hi@smartmoneywithkai.com
⚪️ MY WEBSITE
www.smartmoney...
Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions. This video, post & article should not be construed as investment advice. Capital at risk.
Affiliate Disclosure: This description contains some affiliate links, meaning that I may earn a small commission if you click through and use these links, at no additional cost to you.
In this video, I'm diving into the latest changes from Revolut, moving from their traditional Cashback system to the new RevPoints program. I'll break down how RevPoints work, compare it to the old Cashback system, and help you decide which option is better for you.
We'll also explore some exciting new additions to the Revolut Ultra card, highlighting the features that make it stand out. Whether you're a current Revolut user or considering making the switch, this video will provide all the insights you need to maximize your rewards and benefits.
![Eminem - Fuel (Shady Edition) feat. Westside Boogie & GRIP [Official Audio]](http://i.ytimg.com/vi/k1OquBida9s/mqdefault.jpg)
⚡ ALL MY FAVOURITE TOOLS
smartmoneywithkai.com/tools
👋 LET’S CONNECT ON INSTAGRAM
instagram.com/smartmoneywithkai
🟡 JOIN SMART MONEY CLUB
www.smartmoneywithkai.com/smartmoneyclub
Revolut hotel prices are worse than what you get when booking on other platforms. I ha e ultra and think slow service/and the benefits does not equal the cost of the plan.
Hi and I would say it depends, initially I had the same thoughts but in recent times I found cheaper options on Revolut even compared to Booking com Genius 3 plus the RevPoints you get in return. For me I also benefit from all the other great benefits like cashback, airport lounge and partner benefits so it's more than worth it, but I understand it might not be for everyone 👌
@@SmartMoneywithKai With a lot of other stuff I think it depends on when and where you try to book, I've found hotels cheaper on Revolut than other platforms, and that's without the 10% cashback they offered before, so that was another big bonus. They've since then removed the cashback on stays, and are now removing FIAT cashback. I'll be downgrading my subscription because I don't really use any of the subscriptions they offer either, and have lounge access through other cards. Moving forwards Revolut will still be my main bank for SEPA transfers, and I do need high FX-conversion limits due to my native currency not being EUR, so I'll probably stick with Plus or Premium. All in all I really like Revolut, but for me the price for Metal or Ultra isn't worth it. I'm strongly considering moving to the Nexo card for now.
If i have 10k revpoints how much distance is thst for a flight? Also can u use it for my friend also, i guess it will be 2 tickets and i will need double the points ?
Hi and it depends on the airline you transfer it to. Different airlines have different miles, and mile sharing rules so best to just check with your airline. Cheers
I flew for 12k from Amsterdam to Los Angeles back in March. So it’s very close
Klm
@@Atw-m5z That's amazing, great to know, cheers 🙌
Once a again, great video with a clear explanation. I am stick like a glue with my Revolut Metal card for everyday expenses. The RevPoints are valid for 3 years from the date they're received in our accounts.
Thanks a lot for sharing Pedro and great insight, did not know about the 3 years, so this is great and should be long enough for most users. How you plan to redeem them? Convert to miles? I am waiting for more clarity on Revolut Pay, that would be nice to use it for that 👌
@@SmartMoneywithKai Fow now definitely I will wait for more details on Revolut Pay system and accumulate my RevPoints. But I already connected my Flying Blue card to the miles system and if I find a good deal on a next travel flight I'll consider to convert the points in miles. Let's wait and see.
Just yesterday i was wondering about the revpoints few hours later u come up with this great answer video 🙌♥️ ( hope they don't expire tho)
That's awesome, very happy to hear that and hope that too 😉🤞
@@SmartMoneywithKai if you refer someone and get a reward does it have to be reported on tax?
@@jameswatkins6452 You mean the one receiving the free share? Good question, I guess technically yes, but it should be listed on your year end tax report your broker will issue for you. Cheers
Hi Kai great video, just a quick question with my standard revolut card I have to turn on spare change round-ups to earn revpoints for spending money. I was wondering if the paid plans (i.e premium, metal and Ultra) allow you to earn revpoints with round ups turned off. That would really incentivize me to upgrade as I don't want to spend money buying revpoints.
Hi thanks a lot and absolutely, you can earn Revpoints without round up 👌
@@SmartMoneywithKai Thanks so much!
Hiii Kai,
thanks for very Informative video as always. The only thing is stopping me to use Revolute is credit card feature. I have to have credit card because in many places they ask for credit card and it also convenient to way to pay. specially traditional banks are charging too much fees for bank account and credit card with no interest. If they add credit card feature then i would love to switch premium or metal plan for my salary account.
It is already present in Spain, and the good thing is it also features an extra 0.2% cashback. Hopefully it arrives to your country soon.
@@carlesg0n LOL, let's see, I am from Austria. They take really long time to release features here, for example we recently got savings feature with interest. Now I am not sure, when will they release credit card. I think, they do not have that feature in Germany too. But I am not sure.
Thank you my friend and I understand you. I think it should be rolled out soon as I also have the credit card access in Lithuania 👌
@@SmartMoneywithKai really!!, I did not know that. maybe it is easy to get licenses in other countries than Austria or Germany.
Would you take Revolut over Ibkr ?
I use both for different things. I would not use Revolut for stocks, but for daily banking and cashback absolutely, which is what IBKR does not offer.
Great video! So I was wondering if 1 RevPoint is 1 air mile, than wouldn’t around 3000 points already be able to cover almost any flight and back in Europe?
Not really.
"Airline miles" generally refer not to distances flown, but to a kind of currency, created by airline loyalty programs. It's not 1 to 1 correspondence. For example, with Transavia, for a flight of just over 2500 miles, I needed 55000 "airline" miles to get the ticket for "free"
Nope, 3000 airmiles is like 30€ approx on most airlines.
Thanks a lot, good question and the below answers are spot on 👌
If you refer someone and get a reward does it have to be reported on tax?
@@giorgospap7615 thanks
Thank you so much, it is really useful
Amazing to hear that, thanks 🙌
I am here first hahaha waited for this video😊😊😊😊
Very happy to hear that mate, cheers 🙌