Revolut Megathread.

Watch the various debris on the floor and bangers trying to get in.You could be lucky and be able to rent a towel.

I'm not sure if AIB charge an advance fee for credit cards topping up revolut (some banks do) but with a debit card you're charged whatever you're normally charged for a debit card transaction (20c in this case) so in short; yes, it's a card transaction like any other.

Thanks for this.

I can confirm that I have never been charged interest on my AIB credit card. And it's considered as purchase. I am doing this for over 2 years now.

Seems very strange to me! If this is true, there is a bit of a hole in the financial network - a source of free money!

Let's say you have €5k credit available on your AIB CC. You could transfer €5k to Revolut on day 1 of your CC billing period, and do whatever you like with that money for three and a half weeks, once you transfer it back to AIB before your next month statement is generated on the last day of your billing period. You could use it to buy prize bonds or put it into an interest bearing account - whatever you like really, once you'll have it back by the end of the month.

Well, I am on another level.

I am availing of their 0.5% cashback on credit card spending. I doubt there are any other better ways to earn money. Enlighten me if there is!

Cash Back Awards:

Spend over €5,000 (and up to €50,000) in any 12 month period from your account opening date, we will give you 0.5% of that amount back (maximum award for each 12 month period is €225)

I had forgotten about the cashback, that makes it even worse from AIB's point of view.

You could bump up your 'spending' by moving the same €500 from AIB to Revolut and back for a few days, and earn your 0.5%, up to the annual cap of course.

Have we discovered a hole in the financial time/ space continuum here? Banks are normally very sharp about stopping anything like this.

KBC treat it as a normal purchase. I used to top up my Revolut to avail of the €10 cashback and then pay it off before the end of the month. Haven't paid a cent in interest (touch wood!!).

So having a credit card has actually earnt me €90 a year! €10 cashback x 12 months = €120 - €30 stamp duty.

I'd like to know as well.Which ones? Not like a CC company to miss a trick like that,passing up charging a fee on cash transfer.I don't think having your cc a/c in credit would evade a cash transfer charge.I wouldn't want to test it.I have put my cc a/c in credit before but never used it to transfer cash to another account.

This post is answer to masterboy123 of 01-05-22

I can confirm that Avant card treat a Revolut top up as a cash advance.

To describe Bunq (a bank in operation since 2012) as a new fintech is funny.

Unfortunately, they no longer offer free banking (well besides a nice saving account that gives you 0.09% interest).

If you can live with constant "social" features in your banking app and don't mind paying a monthly fee, you will get a decent bank with SEPA instant (in/out), a reliable debit card and decent customer support.

They used to have a Travel Card option which was a prepaid card coded as Credit card so that you could use it easy for those vendors which insist on credit card (car rental for example) but like most free products is now all pay:

Compare plans | bunq

And the big advantage is that since today you can also get Irish IBAN's (for a onetime fee) and stop the non-irish IBAN dance.