Neobank?Revolut will launch a new top-tier premium “Ultra” subscription plan by spring 2023

Image: Revolut

This spring, Revolut customers will be introduced to the premium plan called “Ultra“. Although the details of the new offering are not yet disclosed, the company labels it as an “entry into a world of excellence — from world-class travel to next-level investing”.

The neobank currently offers three paid tiers. Plus – for ￡2.99 per month, Premium – ￡6.99 monthly and Metal, worth ￡12.99. These top-tier subscription plans offer unique benefits such as exclusive rates, zero accommodation booking fees, cashback on eligible purchases, unlimited FX transactions and domestic transfers, travel insurance, exclusive card designs, fee-free cash withdrawals, purchase protection, etc.

The Ultra waitlist is already available to those interested in the new Ultra plan.?Waitlist members will receive an exclusive cashback benefit once the subscription plan launches. The 5% cashback offer will be valid for the first calendar month after signing up for the Ultra annual plan.

The cashback will not apply if the payment with Ultra is made to another account or payment card (such as another digital wallet, bank account or card account). The total redeemable cashback amount will be capped at the monthly plan price.

Launched in the UK in 2015, Revolut has grown to a financial super-app, serving over 25 million retail customers worldwide and processing more than 330 million transactions a month. Its products include P2P payments, Saving Vaults, bank accounts for minors, ?crypto trading, and travel-related services. In some markets, Revolut offers a simplified app version. Revolut Lite enables customers to transfer money cross-border instantly and for free.