Revolut card in Australia. The fees, options and how it works

The Revolut card helps make it easier for travellers to make purchases worldwide. Learn more about the Revolut card, how it works for Australians, and what you should know when signing up.

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Wise Account and card

Who is Revolut, and is it available in Australia

Revolut is a digital financial services company for payments, currency exchanges, investing, and more. Founded in 2015, the London-based company supports access to 200 currencies and has over 25 million users.¹

Australians can use a broad suite of Revolut’s products. This includes the Revolut card, international transfers, donations, and online shopping. Revolut also offers Revolut for Business, which can help with global money transfers, payments, and marketplace integrations for companies in Australia.

What is the Revolut card in Australia, and how does it work?

The Revolut card is a prepaid card where users can top up their account and hold multiple currencies. The card can be issued as a Visa or a Mastercard and be used to shop online, send money abroad, make purchases when travelling, or simply hold currencies.

Through the Revolut app, users can add money in Australian dollars or exchange it into other currencies. When money is spent abroad, the transaction amount is debited from the corresponding currency amount in the account.

Who is this card for?

The Revolut card is ideal for those travelling, living, working, or spending time abroad. The ease of loading the card and exchanging it into other currencies is even more helpful if you are visiting multiple countries.

A Revolut account is generally convenient for anyone sending money abroad- whether for work or family support. But Australians who travel or spend money abroad - including on foreign websites for shopping- will get the most use out of the card.

What are the main features and benefits of The Revolut card in Australia?

The Revolut card can be handy and easy to use, especially when handling multiple currencies. Here are a few features and benefits of using the Revolut card:

• Shop like a local when you’re travelling with access to popular global currencies.
• Save money on exchange rates when sending money abroad.
• Instant payment notifications let you keep an eye on your transactions and track your spending.
• Personalised cards or getting the Metal card are unique ways for your card to stand out.
• Freeze or limit your card easily from the Revolut app.
• The disposable card gives you one-time card details when you shop online to keep your account safe.

The Revolut card also provides additional perks like a Chrome browser extension, round-up change for savings, and rewards for specific plans.

The cons of using this card

While the Revolut card can be convenient, there are some areas where users can find the card falls short.

• The currency you exchange is capped unless you purchase a monthly plan.
• There’s a fee for currency exchanges on the weekend, regardless of the plan.
• 24/7 customer support is only available to users with a monthly plan.
• It may be difficult to talk to a customer service agent.
• A fee is added if you go above the free-ATM withdrawals limit.

What are the Revolut card-supported currencies?

The Revolut card in Australia supports many of the world’s most popular currencies. You can hold, send and spend in the following foreign currencies:²

US dollars	British pounds	Euro	Singapore dollars
Philippine peso	Emirati dirham	Indian rupees	Nepali rupee
Turkish lira	Swiss francs	Saudi riyal	Brazilian real
Canadian dollars	Japanese yen	Egyptian pound	Israeli shekel
New Zealand dollars	Thai baht	Nepali rupee	Qatari riyal

What are the Revolut account plan types in Australia

To get a Revolut card, you must have a Revolut account. The accounts come in three forms, all of which allow international spending, but each offers different features, perks, limits, and costs. Let’s take a look at each. ³

Revolut Standard plan

Revolut’s most basic plan allows for international spending and comes at no cost for opening or maintaining an account. This plan has the most limited features.

• No monthly fee.
• ATM withdrawals are free up to $350 per month.
• No fee currency exchange for 25 currencies up to $2,000 per month during the week.
• 3 commission-free stock trades.
• Available to users below 18 years old under the Revolut < 18 account.

Revolut Premium plan

The Revolut Premium plan has a monthly fee but extended limits and additional bonus features.

• A monthly account fee of $9.99.
• ATM withdrawals are free up to $700 per month.
• Discount on international payment fees.
• Express card delivery at no cost.
• 24/7 customer support.
• 5 commission-free stock trades.
• No fee currency exchange for 25 currencies up to $20,000 per month. during the week.
• Discounted lounge access.

Revolut Metal plan

The most expensive of Revolut plans, the Metal plan does come with a unique card and features that are optimised for the frequent traveller or globe trotter.

• A monthly account fee of $24.99.
• ATM withdrawals are free up to $1,400 per month.
• Discount on international payment fees.
• Cashback on card payments.
• Express card delivery at no cost.
• 24/7 customer support.
• 10 commission-free stock trades.
• Unlimited no fee currency exchange for 25 currencies during the week.
• Discounted lounge access.

Read more: Prepaid Debit/Credit Card Australia Compared

What are the fees for the Revolut card vs Wise card?

A Revolut account and card have fees depending on the plan and type of transaction. Here are the main fees you can expect for a Standard Revolut plan and how they compare to the Wise Card in Australia:

	Revolut Card*	Wise Card*
Ordering a card	$9.99 or $33.99 delivery fee	$10
Monthly maintenance fee	$0 (but between $9.99 or $24.99 for other plans).	You can hold up to 23,000 AUD for free. For amounts over the fee-free holding limit of $23,000 AUD, Wise charges a daily fee of 0.00437% (which comes to 1.6% per year). This fee is charged starting after the 3rd day you have over the fee-free allowance in your balance. More info here.
Foreign currency transfer fee	0.30% - 1.50% of the transaction amount. See full list. ⁴	Starts at 0.41%⁶
Digital card available?	Yes.	Yes.
ATM fees for home and abroad withdrawals	Free up to the plan limit, $350 for standard, then 2% of the transaction amount.	Free below $350 per month and less than 3 withdrawals. Then 1.75% of transactions above the limit and $1.50 per withdrawal. Note: Some additional charges may occur from independent ATM networks.
International payments fee % for spending 100 AUD in GBP	$0 or 1% on weekends.⁵	0.45% + .66% Convert 100 AUD spent in GBP

*As seen on March 20 2023

Please see Terms of Use and product availability for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

What exchange rate is used by the Revolut card

Revolut uses the interbank rate. This is the rate banks use between themselves. Revolut has its exchange rate as variable, so it can change.

There can be an additional fee on the exchange rate. For instance, transfers to Thai Baht have an extra 1% fee. ⁷

How do you get a Revolut card?

To open a Revolut card, you must first have an account with Revolut and have downloaded the app. You can find the Revolut app in the iOS or Google play store and sign up directly from the app.

Once you’re set up, here are the steps to getting a Revolut card:⁸

• Step 1: Open the Revolut app and tap the tab for “Cards.”
• Step 2: Press the button “Get card.”
• Step 3: Select “Prepaid card.”
• Step 4: Complete the order.
• Step 5: Set up your PIN code.
• Step 6: Provide the delivery address.
• Step 7: Submit your order.

It is free to get a card, but there is a delivery fee of $9.99 per card or $33.99 per card for express delivery within Australia for Standard plans. Premium or Metal plans get a card delivered through express delivery for free.

You can check your card request status under the “Cards” tab on the app.

What are the eligibility requirements for getting this card?

As long as you are a Revolut account holder, you are eligible to get a Revolut card. Revolut requires regular account holders to be over the age of 18, to provide contact details, and to inform how the account will be used.

Revolut does have a product called Revolut < 18 for account holders below the age of 18. ⁹

How long does it take to get the card?

The estimated delivery date of your card will be provided when you complete your order. Revolut does not provide real-time tracking of a card if it is standard delivery. However, you can find your expected delivery date if you tap on the “Cards” tab in your app and tap on “Track delivery” on the card you are expecting.

Keep in mind that a virtual card will be available to you once your account is open, in case you don’t want to wait for your physical card to make purchases. The virtual card can be connected to your Apple Pay or Google Pay.

How to load the account/card

You can load your Revolut account in four ways - a bank transfer, by card, with Apple Pay or Google Pay, or by money sent from another Revolut user. You will need to use the Revolut app to load your account. ¹⁰

How to use the Revolut card

The Revolut card can be used in four main ways:

• Swiping or inserting the chip physically at the store, restaurant, hotel, or any point of sale.
• Using the card through Apple Pay or Google Pay.
• Using the disposable single-use card details when shopping online.
• Adding the Revolut Shopper chrome extension to link with your card.

In all cases, you will receive a notification on your phone of the transactions that have been completed with your card.

What else do I need to know?

Remember that the card will need to be delivered in the country where the Revolut account is registered. So if you have opened your Revolut account in Australia, the card must be sent to a delivery address within the country - not abroad. ¹¹

Revolut contact details

If you’re looking for more information on the Revolut card, you can reach out to the company in a few different ways: ¹²

• The Revolut help centre has common FAQs, troubleshooting answers and basics on opening an account.
• The in-app chat from the Revolut app lets you talk to an agent. Tap your profile circle in the app, then “Help” and “New chat”.
• If you’re having trouble accessing your Revolut account, you can email support[at]revolut.com.
• If you need to block your Revolut card, you can call the automated number at +611300281208. To be clear, there is no human agent at this number.

Wise Account and Debit Card

If you’d prefer mid-market rates when spending money internationally, rather than being tied to a preset rate, and require accounts in multiple currencies, open a Wise Account so you can apply for a Wise debit card instead.

With a Wise Account and card, you can hold 40+ currencies all in one place. When you spend money using your Wise debit card, money will be withdrawn from the money available in your wise account.

• If you have the currency in your account, it’s free to spend
• If you don’t have the currency in your account, there’s a conversion fee.

Wise’s smart technology ensures that the Wise card only spends from the balance that’ll be fee-free, otherwise it uses the one with the cheapest fee.

Join over 13 million customers currently enjoying Wise. It’ll only take a few minutes to register and see what’s inside.

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Please see Terms of Use and product availability for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

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Sources:

1. About us | Revolut US
2. Currency Exchange Rates | Revolut AU
3. Retail Compare Plans AU | Revolut AU
4. Personal Fees (Standard) | Revolut AU
5. Currency Transfer Fees Section (Standard) | Revolut AU
6. Wise pricing
7. Foreign exchange rate
8. Getting a card
9. Eligibility
10. Loading the card
11. Card delivery
12. Contact
    Sources checked on: 20 March 2023