Revolut Premium Review

Revolut Premium, the mid-tier offering from fintech giant Revolut, is one of the best premium digital accounts you can open. With its many savvy features and its modest price, Revolut Premium stands out among premium account offerings and rivals more expensive plans from Revolut and elsewhere. 

In this short review, we unpack what makes Revolut Premium special compared to other Revolut plans and how it stacks up to other premium offerings from competitors. Then, we offer our verdict on whether or not Revolut Premium might be worth it for you.

However, before we look more closely at the details, let's take a look at the table below to get an overview of Revolut Metal's most interesting features and what we think about them:

Pricing and Minimum Duration

Revolut Premium, priced at £7.99 (or €9.99 or $9.99) a month, belongs to what could be called the "middle tier", between the cheap Revolut Plus and the pricier Revolut Metal. In its category, it stands on the more expensive side: it's cheaper than N26 You, which costs €9.90, but a bit more expensive than its main UK competitor, Monzo Plus, which costs £5 a month. Monese Classic is also cheaper, at £5.95 (€5.95), and even £4.16 (or €4.16) per month if you pay for a year upfront — albeit with fewer fancier features.

Travel Features 

Like Revolut's more expensive Revolut Metal plan, Premium has many travel-oriented features. As of 2024, your Revolt Premium account allows you fee-free international transfers. If you need cash abroad, you can withdraw up to £400 (or €400) every month for free, though that limit also applies at home. 

Revolut Premium also comes with travel insurance, which covers medical emergencies — including if they happen on a ski slope, for example — as well as delayed luggage and late flights for trips of up to 40 days. On top of this, if one of your flights is delayed by more than an hour, you'll also get to wait for it in a lounge for free, thanks to SmartDelay.

These features are a rarity at that price point: only N26 You has a comparable offer, and it's not available in the UK.

Everyday Protection

While travel insurance is a flashy perk, you might make more use of Revolut Premium's "everyday" features, which are unique offerings for a fintech app. First, they include purchase protection in case of accidental damages or theft.

If you were planning to attend an event that ends up being cancelled, for example, you could get your tickets reimbursed and also get a 90-day window to return purchases if the seller's policy is shorter.

Savings

While fintech apps like Revolut started by mainly focusing on current accounts, with no real saving opportunity beyond basic "pots" that don't accrue any interest, they have recently become more and more advanced by including savings accounts, on which Revolut Premium subscribers get preferential treatment. Here's what Revolut Premium has to offer:

• Savings: Revolut's most basic offering in this domain is their savings "vaults", — which are only available in the UK and the US for now. Revolut Premium UK users get a pretty good 3% APY on savings – calculated daily – which means that for every £1,000 they keep in such a vault for a year, they'll have accrued £30 in interest after twelve months. In the US, Premium users get a more impressive 4.25% APY, which translates to $42.50 for every $1,000 held yearly in a savings vault.

Exclusive Card Design

Mid-tier fintech app plans usually come with an exclusive card design, and Revolut Premium is no exception. You get to choose between three metallic finishes in space grey, silver, and rose gold, though your card is still plastic — you'll have to upgrade to Metal if you want something fancier. Still, if you're tired of Revolut's primary purplish card, it might make an exciting change!

Other Features

On top of all of this, Revolut Premium also comes with a host of other valuable features, often shared with Revolut Premium:

• As we have seen, you get up to £400 (or €400) in free cash withdrawals every month, up from £200 with the free and Plus plans.
• Your first international payment includes both cross-border and SEPA payments for free each month.
• You get 24/7 priority customer support.
• Any card you order is delivered for free with express shipping.

Is Revolut Premium Worth It?

As you have seen in our examination of its features, Revolut Premium is packed with features to a level that almost rivals the more expensive Revolut Metal plan and, that put, rivals most other fintech apps' offerings at any level. Not only do you get access to smart sending in different currencies, but you also get a generous insurance package, both abroad and at home, to make sure that your money works for you.  

If you are not going to rent cars that often, and especially if you don't need or want a metal card, the Revolut Premium plan offers everything you might need from an online account, at a lower cost than any other competitor. 

Of course, if you know you're not going to spend much time abroad and already have your ways of investing your money, it might be best to consider whether you genuinely need to pay a premium for your account. That said, if you trust Revolut and want to benefit from a slightly higher level of service in mobile finances, Revolut Premium might be the right choice for you!

If you like the sound of Revolut Premium and are considering opening an account, we recommend checking out their terms and conditions first to make sure it makes sense for you. You can also use our exclusive link to get three months of Revolut for free (T&Cs apply). You'll need to upgrade to Revolut Premium within 72 hours of opening your Revolut Standard account, which gives you a few days to test out the app and see how you like it.