Revolut has launched its first loyalty card programme, with perks including airline miles, accommodation deals and travel discounts.
The ‘RevPoints’ build up across your spending, which can be done all over Europe, and the rewards differ depending on the card of choice you have with the bank.
Once you have one of the accounts – which had a first price hike at the end of 2023 – you need to activate the RevPoints feature to use the loyalty scheme.
How many RevPoints you can earn:
Here are the challenger bank’s five different card types and what loyalty points bonuses they offer:
- Standard (free): Earn one point per £10 spent.
- Plus (£3.99 per month): Earn one point per £10 spent and a RevPoints 1,500 upgrade bonus when you spend £2,000 in your first three months.
- Premium (£7.99 per month): Earn one point per £4 spent and 2,500 RevPoints as an upgrade bonus when you spend £2,000 in your first three months.
- Metal (£14.99 per month): Earn one point per £2 spent and 5,000 RevPoints added when you spend £2,000 in your first three months.
- Ultra (£45 per month): Earn one point per £1 spent and 10,000 as an upgrade points bonus of 10,000 points when you spend £2,000 in your first three months. That changes to 5,000 RevPoints if you upgrade from a ‘Metal’ card.
New customers can enjoy 3,000 points, which is equivalent to 3,000 air miles, or up to £60 in travel discounts once you make 150 eligible transactions. There are more than 30 airlines customers can transfer their RevPoints over to, including British Airways Executive Club and Flying Blue.
On top of air miles and hotels, points can also be exchanged with big brands including French Connection and skincare brand Dermalogica.
The higher your monthly fee, the bigger the rewards. On the Ultra plan, if you spend £2,500 per month, you could pocket up to 30,000 RevPoints per year. That equates to a free round trip from London to New York or a £600 hotel discount.
Revolut also offers an optional RevPoints feature, which gives customers the chance to round up card transactions into ‘SpareChange’. If you select that option, your SpareChange can be made on every card transaction and exchanged for RevPoints.
‘All about helping people get more for their money’
Christopher Guttridge, general manager of lifestyle products at Revolut, said: “At Revolut, we’re all about helping people get more for their money. RevPoints is set to transform everyday spending into things and experiences people love, by converting routine purchases into rewards.
“Unlike many loyalty programmes, we make RevPoints accessible to all by ensuring customers can maximise the benefits of using Revolut as their primary bank account without requiring a credit card.”
