Revolut - Ultracheap FX (prepaid Mastercard)

0gac3yjefb5sv7 · 18-07-2019 12:15am

TheChizler wrote: »

That's the fee on top of the inflated exchange rate isn't it?

No just 1.5pc FX on transactions it says.

TheChizler · 18-07-2019 12:18am

Pheonix10 wrote: »

No just 1.5pc FX on transactions it says.

Yes but the exchange rate the bank offer you will very likely be worse than the interbank rate Revolut give you. For example what's the EUR to GBP rate your bank are offering today?

0gac3yjefb5sv7 · 18-07-2019 12:32am

TheChizler wrote: »

Yes but the exchange rate the bank offer you will very likely be worse than the interbank rate Revolut give you. For example what's the EUR to GBP rate your bank are offering today?

Revolut are actually charging a higher fee than visa... doesn't make any sense to use it so.

-=al=- · 18-07-2019 2:02am

But the exchange rate is worse

mickoneill31 · 18-07-2019 2:35am

Pheonix10 wrote: »

Why do people use Revolut cards abroad when the savings are quite minimal? For example my bank charges 1.5pc in fx fees. If I spend 500 on a weekend away. That's 8 euro. Or am I missing something?

I'm looking at Ulster Banks site now. For a Euro theyll give me £0.8811and add on whatever fee (on my last transaction of €829 they charged me €17 so it seems like its more than 1.5% but we'll assume that as I'm not sure the exact figure. )
Revolut will give me £0.9035 and no fee up to €5000 in cc transactions

So for a grand now you'll get £881.1 and pay €15 with the bank.
Or you'll get £903.5 and pay no fee with Revolut.

Even if the rates were identical 1.5% saving would be worth it for me.

After €5000 the Revolut fee is 0.5%. I don't spend that a month. Your bank probably has a maximum charge so if you get into huge numbers it might be cheaper with them.

I started using Revolut in Thailand a couple of years ago.
To withdraw 10200 THB in revolut was €259.02 from the statement.
The same in Ulster Bank debit a few days later was €269.95 from the UB statement.
Its not huge money but a tenner is better in my pocket than the banks.

Over a year I'd save a couple of hundred quid with travel and foreign shopping.

killbillvol2 · 18-07-2019 4:10am

Pheonix10 wrote: »

Revolut are actually charging a higher fee than visa... doesn't make any sense to use it so.

You're right and everyone else is wrong then.

I don't think you understand how fx works tbh.

paddy19 · 18-07-2019 5:48am

Pheonix10 wrote: »

Why do people use Revolut cards abroad when the savings are quite minimal? For example my bank charges 1.5pc in fx fees. If I spend 500 on a weekend away. That's 8 euro. Or am I missing something?

The fx fee is a diversion, the real ripoff is the lousy exchange rate the bank is giving you.
Revolut is giving you one of the best rates available.

Yggr of Asgard · 18-07-2019 8:48am

If you spend 500 £ today than your bank will charge you an exchange rate that is set the day before and stays where it is independent of any changes.

So look at yesterday for example.

In this case you have to pay 564.43 € including the 1.5% fee (according to the offical visa exchange rate)

Revolut charges you the rate at the time the transaction is authorized (so you know what you pay) so depending on when you paid you could have paid between 552.75 € and 554.36 € for it.

That means you could have saved at least 10.07€ and up to 11.68€ (1.7% to 2.06%).

That shows you that it's not just the 1.5% but also additional cost due to the exchange rate used by your bank.

And while you might not appreciate 10 to 11 € more in your pocket, I rather buy myself something for that money than give it to a bank !

Yggr of Asgard · 18-07-2019 9:13am

Pride card just came.

Send in a small envelope from Germany, no posting date on it.

Hope others arrive soon too.

bennyx_o · 18-07-2019 9:14am

Just about to post that mine arrived too

Yggr of Asgard · 18-07-2019 9:17am

Nice looking cards.

Front is as advertised.

Back is white with black magnetic strip and gray etching of card details with the Mastercard hologram.

Card is produced by Tag systems.

It has a prepaid remark just under the magnetic strip with the rest of the usual info..

Delta2113 · 18-07-2019 9:38am

Jeff2 wrote: »

Probably been gone over a few times but I got a Curve card and it wouldn't activate with just Revolut card there.
I added my Irish bank card and selected that for transactions and it activated fine.

- I added Revolut mastercard and visa -no problem.

Yggr of Asgard · 18-07-2019 9:52am

Delta2113 wrote: »

- I added Revolut mastercard and visa -no problem.

Curve won't allow you to add a prepaid card.

So when it comes to revolut it depends on which generation of revolut card you have and which Bin (first 6 numbers) you have.

This is similar to why some can use their revolut card on Uber for example and others not.

BohsCeltic · 18-07-2019 10:40am

What is this pride card ?

Dardania · 18-07-2019 10:47am

BohsCeltic wrote: »

What is this pride card ?

Corporate Virtue Signalling, enabling people to virtue signal

A limited run rainbow card they were offering people - deliveries have been slow.

5star02707 · 18-07-2019 11:07am

waiting for the rainbow card, should be at home by today or tomorrow

gmisk · 18-07-2019 12:20pm

Card came today! Looks good!

Dardania · 18-07-2019 12:31pm

gmisk wrote: »

Card came today! Looks good!

lucky! I hope mine has arrived too - the bunq one is nice, but I have a feeling the colours will pop more in the Revolut card

Yggr of Asgard · 18-07-2019 12:52pm

Dardania wrote: »

lucky! I hope mine has arrived too - the bunq one is nice, but I have a feeling the colours will pop more in the Revolut card

The Bunq has more colours than the Revolut and a nice black back also does not feel as much as plastic as revolut.

As the Bunq is vertical designed (i.e. the chip on the right side and logo on the left so that you can see the logo when you put it into the cip+pin machine) makes it very nice.

But the colors on the revolut are clearer due to the bigger vertical bars but they are missing the shiny reflection of the bunq card.

Here we are comparing the color schemes of credit/prepaid cards over functionality, times have changed with fintech.

pl4ichjgy17zwd · 18-07-2019 1:35pm

Pride card still hasn't arrived for me...hopefully tomorrow!

RoYoBo · 18-07-2019 3:07pm

Mine arrived today too. Love the colours and have to say that it was nothing to do with virtue signalling or even Pride itself - just the colorfulness!

It stands out in my card wallet (where only the tops of cards show) and is easier to find as a result.

Dardania · 18-07-2019 4:18pm

Yggr of Asgard wrote: »

The Bunq has more colours than the Revolut and a nice black back also does not feel as much as plastic as revolut.

As the Bunq is vertical designed (i.e. the chip on the right side and logo on the left so that you can see the logo when you put it into the cip+pin machine) makes it very nice.

But the colors on the revolut are clearer due to the bigger vertical bars but they are missing the shiny reflection of the bunq card.

Here we are comparing the color schemes of credit/prepaid cards over functionality, times have changed with fintech.

To be fair, they’re close enough in enough areas of functionality dot they have to differentiate somehow!

<ducks ;-) >

5star02707 · 18-07-2019 7:28pm

Card looking good. I like how there's no number and name at the front. All the details are at the back

The J Stands for Jay · 18-07-2019 7:31pm

5star02707 wrote: »

Card looking good. I like how there's no number and name at the front. All the details are at the back

Means they can have people do unboxing videos without worrying about fraud.

So, it has the number on the back like Curve and the rainbow colours like Bunq.

The J Stands for Jay · 18-07-2019 7:33pm

McGaggs wrote: »

Means they can have people do unboxing videos without worrying about fraud.

So, it has the number on the back like Curve and the rainbow colours like Bunq.

Beaten to it...

kenmc · 18-07-2019 7:54pm

5star02707 wrote: »

Card looking good. I like how there's no number and name at the front. All the details are at the back

Show us the back there a wee sec

Delta2113 · 18-07-2019 8:55pm

Yggr of Asgard wrote: »

Curve won't allow you to add a prepaid card.

So when it comes to revolut it depends on which generation of revolut card you have and which Bin (first 6 numbers) you have.

This is similar to why some can use their revolut card on Uber for example and others not.

- I've now added my third Revolut card (yes came in the post today) to Curve -no problem.

Jeff2 · 19-07-2019 12:08am

Delta2113 wrote: »

- I've now added my third Revolut card (yes came in the post today) to Curve -no problem.

Yes but your account Curve was activated already.

There can be a problem activating new Curve with a Revolut card.

Yggr of Asgard · 19-07-2019 6:01am

Dardania wrote: »

To be fair, they’re close enough in enough areas of functionality dot they have to differentiate somehow!

<ducks ;-) >

Well if you take the travel card only (not the bunq account)

Free to 7 € for card vs 9.99€ (or invite 3 friends)
Electronic money vs bank
Own exchange rate (usually better Monday to Friday) vs Mastercard rate
Near full account vs credit card account behavoiur
Free loading vs some fees for debit or credit card loading
Multi currency wallet vs euro only
UK vs Netherlands
Russian boss vs Dutch boss
Prepaid service code vs credit card with offline limit
Excellent account history display vs limited log
Slow customer service vs better customer service
Some blocking features vs blocking down to country level
Apple and Gpay vs coming soon
% based ATM fee over 200€ vs 0.99€ flat fee
% based exchange fee over 6000£ a rolling moth vs none
Multiple cards per wallet vs 1
3D Secure vs revolving CCV
CCV fixed on card vs revolving CCV in app

I think that is it.

EoinMcLovin · 19-07-2019 8:34am

Jeff2 wrote: »

Yes but your account Curve was activated already.

There can be a problem activating new Curve with a Revolut card.

Yeah I was unable to activate my Curved card as Revolut is a prepaid card. You need a normal mastercard or visa debit card like a Irish bank card to activate Curve

Dardania · 19-07-2019 8:38am

EoinMcLovin wrote: »

Yeah I was unable to activate my Curved card as Revolut is a prepaid card. You need a normal mastercard or visa debit card like a Irish bank card to activate Curve

I have plenty of prepaid cards on my curve - might be an issue restricted to a specific prepaid BIN number range

Yggr of Asgard · 19-07-2019 9:12am

Dardania wrote: »

I have plenty of prepaid cards on my curve - might be an issue restricted to a specific prepaid BIN number range

But what card did you use when you created the curve account for the initial validation?

EoinMcLovin · 19-07-2019 9:13am

Dardania wrote: »

I have plenty of prepaid cards on my curve - might be an issue restricted to a specific prepaid BIN number range

support had said that to activate the Curve card that I received in the post, I needed to add an underlying payment card to the Curve App that was issued in the EEA and not prepaid. I also had to scan driving licence again and send Selfie to verify my identity. I just added my KBC card and was able to activate it then

Dardania · 19-07-2019 9:39am

Yggr of Asgard wrote: »

But what card did you use when you created the curve account for the initial validation?

EoinMcLovin wrote: »

support had said that to activate the Curve card that I received in the post, I needed to add an underlying payment card to the Curve App that was issued in the EEA and not prepaid. I also had to scan driving licence again and send Selfie to verify my identity. I just added my KBC card and was able to activate it then

Ah, I see - a PTSB Debit card I'd say

Creamy Goodness · 19-07-2019 10:04am

Anyone still waiting on the pride card?

EoinMcLovin · 19-07-2019 10:16am

Creamy Goodness wrote: »

Anyone still waiting on the pride card?

Yeah, I am and my Curve card which was ordered last week arrived already. No idea why it's taking this long to send out the cards

jakdublin · 19-07-2019 10:19am

Creamy Goodness wrote: »

Anyone still waiting on the pride card?

Got mine yesterday and I ordered it within hours of it becoming available. I got an email last Friday saying it was arriving that day. Somebody mentioned here there was a delay sending them to Ireland.

Creamy Goodness · 19-07-2019 10:23am

ha and just as I typed the above the postman dropped it in. could have swore he was around earlier.

EoinMcLovin · 19-07-2019 10:43am

just got the Transferwise card I ordered on Sunday now so how are Revolut taking forever to send out the cards.
edit. just talked to chat, delay is coming from delivery company

gwalk · 19-07-2019 11:06am

EoinMcLovin wrote: »

Yeah, I am and my Curve card which was ordered last week arrived already. No idea why it's taking this long to send out the cards

been waiting nearly 2 weeks for my curve card

pride card was recieved in 2 days

pl4ichjgy17zwd · 19-07-2019 12:30pm

Got my pride card today in the post!

Eire Go Brach · 19-07-2019 3:24pm

What's this switch card? Any use?

kenmc · 19-07-2019 7:15pm

Pride came today, only a week late.
Daughter likes it, cos of unicorns.

Dardania · 19-07-2019 7:29pm

kenmc wrote: »

Pride came today, only a week late.
Daughter likes it, cos of unicorns.

Careful now - she’ll want her own if you’re not careful!

Yggr of Asgard · 19-07-2019 9:09pm

Gold and Rose Gold Metal Mastercard now available for metal plan subscriptions.

McGrath5 · 19-07-2019 11:06pm

Creamy Goodness wrote: »

Anyone still waiting on the pride card?

Got mine today!

Jeff2 · 20-07-2019 12:11am

Got my gay card yesterday.:)

eeloe · 20-07-2019 9:39am

got 5 friends to sign up yesterday, all deposited a tenner and ordered a card, no notification that i got a free metal sub.

Got on to support, and they said that the 5 people i got to sign up, didn't actually order a card.....argh!

Wheety · 20-07-2019 10:42am

eeloe wrote: »

got 5 friends to sign up yesterday, all deposited a tenner and ordered a card, no notification that i got a free metal sub.

Got on to support, and they said that the 5 people i got to sign up, didn't actually order a card.....argh!

Probably don't want to pay for one. After a couple of weeks they should be offered a free physical card.

eeloe · 20-07-2019 10:46am

no i sent them a referral code for free cards

annoying

Revolut - Ultracheap FX (prepaid Mastercard)

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