Honest Revolut Ultra Review: Why I Paid €540 for Another Year

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Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions. This video, post & article should not be construed as investment advice. Capital at risk.
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In this video, I dive into why I decided to renew my Revolut Ultra membership for another year, even at the hefty price of €540. 💳💼
We'll break down the benefits and perks that come with Revolut Ultra and whether they justify the cost. From exclusive features to enhanced financial tools, I’ll share my personal experiences and how this premium membership fits into my financial strategy.
If you're considering Revolut Ultra or just curious about premium banking services, this video will give you a clear, no-nonsense look at what you get for your money.

Опубликовано:

1 окт 2024

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Комментарии : 72

@SmartMoneywithKai 3 месяца назад

► GET MY FREE SUBSCRIPTION TRACKER www.smartmoneywithkai.com/subscription-tracker

@BrianMay-sz3ed 3 месяца назад

Hey Kai, would be interesting to see a Revolut Ultra vs American Express Platinum video. They both seem similar, especially now that Revolut introduced "points" you can convert into airline miles, just like Amex does. I get that our Amex cards have much fewer benefits than the US version, but still Europeans enjoy similar benefits similar to Revolut Ultra (lounges access, discounts, points, etc .) And not to mention, the yearly prices for both cards are almost the same.

@SmartMoneywithKai 3 месяца назад

Hi Brian, people been asking me about the American Express Platinum card, while the benefits seem nice and maybe comparable, for me the costs are way to high, while the annual fee is almost 50% more, the biggest red flag are 'CASH WITHDRAWAL 4% (min. 5€) FOREIGN CURRENCY PAYMENT 2% of the amount' This is just day light robbery and not something I would ever see myself using. I will be sticking with Revolut for now 😉

@whenlambo24 2 месяца назад

@@SmartMoneywithKaithat’s because AMEX is a credit card, not debit. So basically you borrow money if you withdraw from ATM, that’s why you see those fees.

@don_kandon6006 20 дней назад

Its actually possible for europeans to open usa credit cards. I would go for one of those chase (visa/mastercard) cards that are 350-550 usd per year. Amex i think only has 30% of penetration in europe so, plus i dont think platinum has no fx fees. Chase have no fx fees, therefore can use abroad unlimited, and those ridicilous 2-10x rewards on various categories.

@justwater9763 23 дня назад

I saw Rimi in Vilnius = I subscribe lol 🇱🇹🇱🇹

@SmartMoneywithKai 23 дня назад

😂😂😂That’s awesome, glad I didn’t go to Maxima 😉

@justwater9763 21 день назад

@@SmartMoneywithKai 😂😂

@tomaswainy 3 месяца назад

I've used Revolut for my main bank for about 4 years now. I did not know they added a savings account with interest!! They didn't when I first started and never saw any announcements for it. I've had cash sitting in my accounts doing nothing for so long, so happy to see they've finally added proper savings accounts with interest. Glad I watched this video! Thank you ❤

@SmartMoneywithKai 3 месяца назад

Hi Tom, that's amazing to hear, thank you so much and yes, I was also pleasantly surprised when they finally added it, which makes Revolut just so much better than using my local traditional bank account. Cheers mate 👋

@Reizzzzz 14 дней назад

I have an ultra account and just created a pro account in it.Should i order and use the pro card for the cashbacks or can i still use the ultra card?

@SmartMoneywithKai 14 дней назад

Hi and yes, in this case use your Pro card and you will get the cashback 👌

@klemenkovacic9109 2 месяца назад

revolut became better than all of the banks in europe excluding uk which where you can get AMEX cards, other european countries dont have an option, no air mile points either, wasting cash by using credit and debit cards provided by eu banks

@SmartMoneywithKai 2 месяца назад

💯👌

@benbukerakadonbenito 3 месяца назад

Thanks Kai for the big value you brings to use constantly just keep going you the best !!!

@SmartMoneywithKai 3 месяца назад

Wow, appreciate that, thank you very much Ben 🙏

@osamaali3210 2 месяца назад

Hello Kai . Thank you very much for the detailed explanation. I use Revolut as my second bank account. However I travel every month. I currently am on the standard plan, my first enquiry: do I get cashback in case of using Revolut Stays on standard? Secondly: do you recommend an upgrade in the plan given the fact the monthly travel factor?

@SmartMoneywithKai 2 месяца назад

Hi mate and thanks a lot. You should still be receiving RevPoints on standard for travels, but only 10 to 1 so it will be basically like 0.1% which is very little. And yes, if you travel definitely consider at least Premium, that's the lowest one I would personally go for 👌

@jonasweckerle Месяц назад

How much do you spend per month? What do you think you need to spend at least so it is worth it?

@SmartMoneywithKai Месяц назад

Hi you can run your own numbers, monthly spend * 1.2% cashback (if you use it with Pro) vs your monthly Ultra plan. For me it usually covers the monthly costs and the rest are benefits on top. But even if it does not cover, the benefits alone might be worth the money for you, if not, then maybe consider Premium or Metal 👌

@Tido-Dito 3 месяца назад

Thanks for another great video Kai ! By the way: I have Revolut Plus plan because that gives you priority in the support chat (In case something is wrong with money it is very nice to have quick support) You said Revolut does not allow you to transfer your shares. Any news on your Trading 212 transfer to IBKR yet ? 🙂

@SmartMoneywithKai 3 месяца назад

Hi and ok fair enough, that might be a benefit worth paying for 👌 Sadly transfer not yet through, this is something they are looking into as they've received a lot of feedback on that feature, I am in touch with T212 and as soon as I know something will post an update or make a new video on this 👌

@Pat3579 3 месяца назад

Can you have Revolut pro account with cashback if you are employee? Thx

@SmartMoneywithKai 3 месяца назад

I did it before and never had an issue 😉

@lukasabater 3 месяца назад

Hey mate! Super informative video about Revolut. I am a proud Metal holder myself and couldn’t be happier with the way Revolut has worked for me. I started with the free plan, went to premium, switched to metal and now considering Ultra plan; but not convinced however. Not because of its features, but because I think that Metal works more than fine for now. I also wanted to ask you if you know of someone that has been in the situation of using Revolut’s Insurance… I go on holiday in 3 days and I am confident that my Metal Insurance covers me just fine! Keep it up💪🏼

@SmartMoneywithKai 3 месяца назад

Hi Luka, thank you mate, appreciate that. I also think both Premium or Metal will be a better value for most people, especially now that it also includes partner benefits so if you don't need the lounge then not much difference as you can still use Revolut Pro and get 0.8% cashback which is not too shabby either. As for the insurance I never claimed anything nor know anyone who did, though I did have a look at their insurance provider website and looks all pretty straightforward 👌 Safe travels and happy holiday my friend ☀️👋

@Jun-ze8mm 3 месяца назад

Hi Kai, can I know which country your Revolut is registered in?

@SmartMoneywithKai 3 месяца назад

Hi, in Lithuania 👋

@JackSkoczen 3 месяца назад

Wio review next? 👀

@SmartMoneywithKai 3 месяца назад

😉 Maybe not next, but will be coming 👌

@ChristopherJohnJackson 23 дня назад

I live in Jersey, where there is no cash back or saving interest, also no Pro version, for people in Jersey I don’t recommend going above Metal, unless they travel quite a bit :)

@SmartMoneywithKai 16 дней назад

Fair point, in the US offering might be more limited sadly. Cheers

@ChristopherJohnJackson 15 дней назад

@@SmartMoneywithKai Cheers, just to be clear, it not New Jersey, I was on about Jersey, Channel Islands near France 😁

@SmartMoneywithKai 14 дней назад

😂👌

@giorgiomaria 3 месяца назад

Thank you so much, I was really looking forward to watching your updates about Revolut

@SmartMoneywithKai 3 месяца назад

That's wonderful to hear and my pleasure 🙌 Cheers

@MillionaireJourneyHubz 3 месяца назад

Well done, Kai! Super video, my bro. Love the Revolut vids!

@SmartMoneywithKai 3 месяца назад

That's awesome to hear, thanks a lot, appreciate that mate 🙌

@osamaali3210 3 месяца назад

Great video !! I have been in Revolut for 2 years.. I barely use it for bank transfers. but now, thanks to you, I am thinking of using it for increasing my finances.. As a person who can spare 200 to 300€ a month, how do you recommend I utilize Revolut?

@SmartMoneywithKai 3 месяца назад

Thanks a lot mate 👋 In your case I don't think Ultra makes sense then, either the free plan or Premium which I was also on for quite some time and has a great value for money 👌 Cheers

@osamaali3210 3 месяца назад

@SmartMoneywithKai thanks.. What about investing in stock market?

@SmartMoneywithKai 3 месяца назад

I would not recommend Revolut for that as you cant' transfer your shares to another broker later on. Have a look at Trading 212 or Interactive Brokers, I think much better options for buying stocks. Cheers

@marianf25 2 месяца назад

Cashback is gone now unfortunately, does this plan still make sense?

@SmartMoneywithKai 2 месяца назад

Hi and yes, I actually just made a video about it, you can check it out here ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-7MAJfcG8B7E.html for me still makes perfect sense 👌

@marianf25 2 месяца назад

@@SmartMoneywithKai I've analyzed the new changes, it looks like it's much worse than cashback, just makes things unnecessarily complicated. Cash is simple and straight-forward, while the rules on how to use the points are cumbersome. To use them on stays you first need to have a high amount, then use half of the them to get to the same price as on Booking and just after that you have an actual discount. The nice thing with revolut is the time it saves you having everything in one app, but I don't see their clientele who values time more than anything, overthinking revpoints strategies, moving them to an airline just to realize you need to transfer them to an intermediary where you need another account and just then getting them to the airline where you actually need them.

@SmartMoneywithKai 2 месяца назад

Hi and yes, that's why I also stick with my Revolut Pro 1.2% cashback 😉

@LilHoshiofficial Месяц назад

Then, if I dont gain points on Revolut pro but I have points In main account What do I use???

@SmartMoneywithKai Месяц назад

With Revolut Pro you get actual cash paid to your account at the end of the month 👌

@foreversoprano 28 дней назад

I thought that with the upgrade I didn't have to pay the monthly fees anymore :(

@SmartMoneywithKai 28 дней назад

Hi what you mean by upgrade? To a higher plan?

@foreversoprano 28 дней назад

@@SmartMoneywithKai yes! that's what I mean

@SmartMoneywithKai 28 дней назад

@@foreversoprano Oh well I think they made it pretty clear on their pricing page. The higher the plan the more the benefits the higher the fees for it, seems fair 😉

@foreversoprano 28 дней назад

@@SmartMoneywithKai then I don't understand the "upgrade through points" option. Who's gonna choose to spend 1200 points (equals $10k to accumulate them with the premium version for example) instead of just paying the monthly fee ($10)🤔

@rodrigoperezorive9417 3 месяца назад

Awesome video, keep up the good work!

@SmartMoneywithKai 3 месяца назад

Thanks a lot 🙌

@globoliver9697 23 дня назад

In which country is Ultra only 45 € per month?? The lounge access is ridiculous in my experience. The lounges are nearly always in the wrong terminal or on the wrong side of the access control area, the good lounges are mostly not Dragonpass partners, and there are (nearly) always stay time limits (like 2 or 3 hours) while a lounge would be the ideal place to stay and rest some time on longer layovers. I don't know if it was better before they changed to Dragonpass about a year ago.

@SmartMoneywithKai 16 дней назад

Hi, in many from what I understand and I took it from Lithuania. I never had any issues accessing a lounge with Dragon Pass, was just few days ago in Istanbul Airport which has a massive super nice lounge, normally €65 access, got it no worries even could leave and come back so I am happy with it 👌

@globoliver9697 16 дней назад

@@SmartMoneywithKai "Massive" yes, "super nice" well, depends on what you expect, I was there a few days ago, too, it's crowded and you always risk to lose your seat if you need to get another coffee or to go to the loo... Long registration queue. It's certainly not a top notch lounge, but it allows at least a 4 hour stay and it has got a privative terrace for smokers which is good. There is no "cozy" feeling though. It was good for me anyway because the food on the Turkish Airlines flight before had been a mere disaster. Try the lounge in Addis Ababa if you happen to be in the area again, this one is third class at most.

@alwayslearning7672 3 месяца назад

Does it matter how big transfer is with revolut? is it still free?

@lukasabater 3 месяца назад

From what I understood and what I have seen, it doesn’t matter the quantity you are sending! Revolut won’t charge you any extra money!

@SmartMoneywithKai 3 месяца назад

You are spot on mate 👌

@SmartMoneywithKai 3 месяца назад

Hi and if you are on Ultra you won't be charged either way, doesn't matter how large the amount is which is great especially for bigger transfers 👌

@danbbcosta 3 месяца назад

Hey Kai. Just found out your channel. Really nice! I’m Amex Silver and Wise user. Now considering to move to Revolut with your review. What about the currency rate for intentional transfer? Revolut applies current market one as Wise ?

@SmartMoneywithKai 3 месяца назад

Hi Dan, that's awesome to hear 🙌 They don't call it market rate, but pretty much the same. If it's a larger transfer I would just compare both, as for different currencies on different days one might be cheaper than the other. Weekends Revolut is more expensive as they charge 1% FX fee, Wise does not 👌 Cheers

@afk1448 3 месяца назад

They’ve just wrecked it lol

@SmartMoneywithKai 3 месяца назад

Hi, what you mean by that? For me everything is still exactly the same as I've shown in the video.

@markh2724 3 месяца назад

Revolut will be the next FTX 2.0

@ostricalungimirante 3 месяца назад

😮

@SmartMoneywithKai 3 месяца назад

That's an odd comparison to make as they are very different business models, one was a wild west crypto exchange run by a delusional guy with no transparency into his company, the other (Revolut) is a EU licensed bank that is profitable and does not create it's own currency to inflate it's books, unlike FTX, which was ultimately part of it's downfall 😉

@markh2724 3 месяца назад

@@SmartMoneywithKai in terms of scams or fast growing high profile business that fails whilst ripping people off.

@SmartMoneywithKai 3 месяца назад

I must have been lucky I wasn't 'scammed or ripped off' over the last 9 years of using it 🙌