Revolut Ultra 6 Months Later - My Honest Verdict!
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- Опубликовано: 27 авг 2024
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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.
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In this video, I dive deep into the world of Revolut's Ultra Card. Six months ago, I embarked on a journey with this card, and it's time for the no-holds-barred, brutally honest review! 💳🔍
🌟 What's Inside:
Initial Impressions vs. Reality: How has the card lived up to its promises?
Features Breakdown: What worked, what didn't, and what surprised me.
Cost vs. Benefit Analysis: Is it really worth the hype and the price?
Personal Experiences & Anecdotes: Real-life stories of using the Ultra Card.
Expert Tips: Maximizing the benefits - how I did it and how you can too.
Final Verdict: Would I recommend it to you, my smart money community?
👊 Whether you're a seasoned Revolut user, considering the Ultra upgrade, or just love staying informed about finance tools, this video has got you covered. I'm bringing you the raw, unedited truth about the Ultra Card - the good, the bad, and the financially savvy! 💪💰
#revolut #revolutultra #revolutapp
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Amazing video with a great structure. For me it is not a good value but amazing that it is for you. The airport lounge access for 1 person is something that i didn't think about. But i would always have the same problem the few times i travel
Thanks so much Ward, glad you liked it and fully understand that Ultra does not have a mass-market appeal and as mentioned, I do hope that they either bring the price down or the value it offers even more up🤞 Cheers mate and happy Monday💪
Dragon Pass is significantly worse than LoungeKey and Priority Pass. The over 1,000 lounges actually include facilities like sleeping pods, spas and even gaming areas. So the actual lounges are way less than 1,000. In addition, several important airports are not covered. Examples are Los Angeles, Chicago and Miami.
Hi there and thanks for sharing. As I am not travelling much to the US this hasn't been an issue for me and having previously been with Loungekey for me I don't feel a difference, but in your case, if those cities matter, then for sure it might not be the best option for you. Cheers
This is true. But if you mostly travel within Europe they’re comparable (at least, from my experience).
Thanks for sharing and fully agreed, which is what I do and very happy with them so far👌
For me actually the problem is the 20credit of ClassPass, 1 gym access is at least 4/5 credit. If they included the 30credit instead of the 20 credit I would join right away, because would mean that I can cut of on 35€ gym.
Understandable. Sadly for me and many others we pay the same price and don’t even get any classpass credits at all which is very strange.
Love the video keep it up ❤
Thank you so much, really appreciate this🙏
You mentioned you used the cash back for you wedding. Isn’t it limited to company expenses?
Hi and yes, as per T&C it should be used for professional expenses (not company expenses) but I used it and had no issues with it 👌
Can you use pro card without owning a business?
Hi James, well I did and never had any issues and not sure how they would check and they don't ask for business details it's more for freelancers so you should be good 👌
Hi Kai, thanks a lot for your video: super useful! Quick question, is the feature of the positive interest rates on liquidity available also if you have a Revolut Ultra Italian account? Cause I am reaserching but cannot see that feature listed. Thanks😃
Hi Stefano 👋,
Thanks a lot 🙌 It looks like yes, found this one here help.revolut.com/en-IT/help/profile-and-plan/my-plan-benefits/revolut-plans/ Cheers
I don’t like that you can’t bring a guest with you into the lounges with dragon pass. So I went to the AMEX platinum instead.
Hi👋Agreed, that’s a bummer, I really hope they add that feature soon at least for their top plan. Happy you found another solution 💯 Cheers
Hello sir! So if i buy this ultra card i automatically have 1.2 % cashback on all transactions? All stores etc?
If you use it with you Revolut Pro card then yes so check first if you have access to Revolut Pro in your country 👌
Thanks, this is really helpful😃
Thanks a lot. Glad to hear that and my pleasure 🙌 Cheers
I see that you get 3.5% intrest what if you set 1.500 euros on the bank and revolut is paying out 3.5% you get 50 euros back and that would cover the subscription fee that is a infinite free ultra plan loop right?
Hi and yes, that would be awesome 😉 Just keep in mind though, the 3.5% is per year, so at €1,5K you would only earn €4.3 of interest per month. Still though, if you also use cashback on all your spendings this can add up. In my case my 1.2% cashback per month is usually over €50 plus I get the interest plus all other benefits on top so yes, definitely worth it 👌
@@SmartMoneywithKai I thought they will pay you every month over the 1.5k 50 euros on 3.5% intrest. their stating paid out daily and it is withdrawable anytime this is what they claim on their website I copy paste it here: Receive from 2% - 3.5% per year (variable) on your savings, paid out daily and withdrawn at any time.
Correct, it's paid out daily and you can withdraw anytime but 3.5% per year means your daily payout would be (your amount you have in the account * 3.5%/365). Hope this clarifies things. Cheers
Compare to costs and benefits this is actually no competition to my Amex Platinum Card. Regardless the other benefits, you get a second Amex Platinum Card for your partner and a second Priority Pass for your partner without additional costs, which gets you in total wit 4 persons into the lounge. A no brainer for me.
Hi and yes, good option as well, probably even more for families, I just often travel alone so for me +1 not that relevant and the other perks for me too hard to track if I used the credit or not, lastly the FX fee of 2% and ATM fee of 4% is crazy, that's why for me I will stick with the Ultra which is also cheaper. Cheers
I think that you should mentioned that it’s 45€ for first 3 months only then it’s 55€. For me all those “partner’s” benefit are useless
Hi there👋 No, I signed up for the annual plan and paid €540 which comes out to €45 per month, every month😉 If you don't use the partner benefits then it makes your decision easy not to go for it, their lower plans offer great value too👌 Cheers
Will they bring this to America?
Hi and I am sure it will be added eventually 🤞
What’s better Amex Plat or Revolut Ultra ?
Hi, hard for me to say as I never used Amex as in Europe it's maybe not the best option, so for me I will gladly stick with Revolut 👌
@@SmartMoneywithKai Hello, thank you for your answer! Why isn’t the best option? I live in France and I really struggle to choose between the two
Not the highest acceptance rates in Europe, many places won't let you pay with Amex such as hotels, etc. due to their high fees for the merchants.
you forgot to talk about travel and device insurance!
Yet another plus indeed 👌
Then you got Chase bank which is free with 1% cashback.
Wow, nice. Sadly don’t have Chase in my country. Cheers
Not worth untill they bring more features
Hi Sam, totally get you, for me it does make financial sense right now, but still hoping for Revolut to beef up the perks more in the future especially since Premium & Metal got a nice upgrade recently. Cheers
I just want to raise my credit score would it work?
@@zgtv418 Hi👋 Not sure about the US, as in Europe we don't really have a credit score system as such, maybe best to write to their support directly to double check. Cheers
@@CrownedWithGlory1981 Sure, but not to the extend the US has, where if you don't have a credit card you are actually falling behind which is wild. I never had a credit card really and had no issue getting a mortgage 😉
What's the point with cashback when transaction fees are already 2% per transaction? This card seems extremely expensive to use..
Not sure why you think transaction cost is 2%? I pay zero transaction & FX fee so 1.2% cashback in Europe in cash without a monthly limit on much you can earn, is pretty sweet if you ask me😉
@@SmartMoneywithKai i just created a standard account with them, and I am pretty sure it said 1,99% (and minimum 9dkk) fee on all transactions made.
But it could be due to the country I live in (Denmark). They have fees for everything here.
@@orion9k Maybe double check, just had a look at Revolut Denmark and could not find 2% fee, maybe if you spend more than the 1K FX free limit per month in a different currency then maybe, but if you spend in your native currency there is no fee www.revolut.com/en-DK/our-pricing-plans/ Cheers
I just saw what you meant, that refers to commodity exchange fee, this is when you buy for example gold via the app, otherwise 0% so all good.
@@SmartMoneywithKai ah ok cheers mate
''Dragon Pass, it's from China - it is what it is'' 🤣
😂😂😂
Not worth it still. Financial times is not very important. Mean stream media.
Hi there👋 It's obviously just one benefit out of many others, I also did not sign up to it for FT but having it is a nice perk and I do read it from time to time👌 Cheers
I need nothing of all that.
That's cool, then don't get it 😉 That's why Revolut has different plans for different people 👌 Happy Sunday 👋
Wedding as business costs ?
Yep😉 Of course many things such as accommodation, food, transportation, tickets, etc. could arguably be, so yes, all went smoothly👌
It’s subject to the profitability (ROI) of the marriage 😂
😂😂😂😂👌