London-based fintech firm Revolut has been dubbed a disruptor in the banking world and it finally made its debut in Singapore in October.
Today, it launched a new debit multi-currency card that has “compelling travel benefits and cashback” for millennial travellers, according to Kunal Chatterjee, Visa Country Manager for Singapore and Brunei.
Called Revolut Metal, it is crafted from a single sheet of reinforced steel and hence, weighs three times more than a regular card.
Another thing that’s unique about the card is that it offers 1% cashback on international spend in 28 currencies.
It also offers free international ATM withdrawals up to S$1,050 per month, a free airport lounge pass annually (wholesale rates on subsequent ones), and a dedicated concierge service for booking everything from flights to festival tickets.
Customers will also get to enjoy unlimited foreign exchange at the “real exchange rate” (this refers to the rate you see on Google search), free international money transfers, and overseas travel insurance that covers emergency medical, dental, baggage delays, and loss or damage of items that are bought with Revolut.
The benefits don’t just end here. Revolut said it will “continually improve the package” with benefits such as commission-free stock trading (currently available to EEA-based customers), delayed flight insurance coverage, family and youth accounts, unlimited disposable virtual cards, and more.
“We are sure that Revolut Metal will be the exclusive card of the future, and an absolute must for travellers worldwide. While the plan already comes with a bunch of new features, there is so much more to come to ensure that our metal users in Singapore have the best experience,” said Nik Storonsky, founder and CEO of Revolut.
The Revolut Metal can be used at over 61 million merchant locations worldwide that accept Visa. It is also fully contactless-enabled, which means customers can simply tap to pay.
Subscription fees cost S$19.99 a month or S$199 a year, but your first Revolut card is free.
Image Credit: Revolut