As someone who loves to travel and explore new places, I am always on the lookout for ways to make my trips more convenient and cost-effective. That’s why I was thrilled when I discovered the Revolut Metal card – a digital banking solution that has completely transformed the way I manage my finances while on the go. There are many benefits of Revolut Metal card.

For those who are unfamiliar with Revolut , it is essentially a debit card with a mobile app that allows you to open a multi-currency account (SGD, THB, USD, etc) and access a range of financial services, including currency exchange, international money transfers, buy stocks, trade cryptocurrency and budgeting tools. But what sets Revolut apart from traditional banks is its focus on innovation and user experience – everything can be done through the app, which is incredibly intuitive and user-friendly.

The best part about it is the basic card is free but the Metal cards offers much more! Sign up for one here or read more about it!

Benefits of Revolut Metal Card

So, what are the benefits of using a  Revolut Metal card in Singapore? Here are just a few benefits with the Revolut Metal Card:

1. Enhanced fee-free exchange limits: Benefit from higher monthly limits on currency exchange without incurring additional fees in 33+ currencies
2. Reduced Crypto fee: Reduced Crypto fees of 1.49% versus 1.99%
3. Cash rebate for everything you spend: Unlike traditional bank, you get your cash back of 1.5% instantly on all transactions.
4. Boosted no fee ATM withdrawals: Up to $1,050 per month.
5. Overseas medical insurance: Receive comprehensive medical coverage while traveling abroad, ensuring peace of mind during your trips.
6. Free express card tracked delivery to 150+ countries: Get your Revolut Metal card delivered quickly at no extra cost, allowing you to start using it sooner.
7. Global travel insurance: Enjoy free extensive travel insurance coverage, including protection for lost baggage, flight delays, and more with Metal Card.
8. Smart Delay: Free lounge access for you and 3 friends if your flight is delayed for over an hour.
9. Priority customer support: Receive faster response times and dedicated assistance from Revolut’s customer support team..
10. Personalise card designs: Choose your card in black, gold, space grey or rose gold in reinforce steel only to Metal subscribers.
11. Disposable virtual cards: Access an extra layer of security for online purchases with single-use virtual cards that automatically regenerate after each transaction.
12. LoungeKey Pass access: Gain discounted entry to over 1,000 airport lounges worldwide for a more comfortable and enjoyable travel experience.
13. Shopper Rewards: Like other similar cash back rewards, Revolut has extensive discounted networks.
14. Revolut <18 accounts: Link up to 2 full access Revolut<18 accounts, for anyone ages 6-17.

I will cover some of the benefits here in the context of Singapore (which can be applied to other countries but some features might change).

Disposable Card

One of the unique features of Revolut is its disposable card and virtual cards beside the free physical card you received. Which bank in Singapore gives you virtual cards and on-demand?

The disposable card is a physical card that can be used for one-time transactions. Once the transaction is complete, the card details are automatically deleted from the app. This feature provides an extra layer of security for users who are concerned about fraud or identity theft.

The disposable card can be generated in seconds through the Revolut app. Users can set a spending limit and choose the currency they want to use. The card can be used online or in-store, just like a regular debit card.

Virtual Cards

Virtual cards are another feature offered by Revolut . These are digital cards that can be used for online transactions. Users can generate multiple virtual cards and assign them to different merchants or subscriptions.

Virtual cards provide an added layer of security as they are not linked to the user’s physical card. If a virtual card is compromised, the user can simply delete it and generate a new one.

Users can also set spending limits and choose the currency they want to use for each virtual card. This feature is particularly useful for people who frequently shop online or subscribe to various services.

One of the thing I use with virtual card is to do trial software subscriptions which has been very useful. I will setup one, sign up for a trial and immediately freeze or cancel the card. So I will never get charge (or forgot to cancel the trial).

No Foreign Transaction Fees

One of the biggest advantages of using a Revolut card is that there are no foreign transaction fees when you use it to make purchases or withdraw cash abroad. This means that you can avoid the hefty fees that traditional banks often charge for using your debit or credit card overseas, which can add up quickly and eat into your travel budget.

Competitive Exchange Rates

In addition to avoiding foreign transaction fees, Revolut also offers competitive exchange rates for over 150 currencies. This means that you can get more bang for your buck when exchanging money, whether you’re planning a trip to Europe, Asia, or anywhere else in the world. With Metal Card, it’s fee-free exchange Mon-Fri in 33+ currencies.

Travel insurance (Free)

As lobang king myself, you know I love free stuffs. You can get free travel insurance when you applied for their metal card. The metal card is very chio. Below is the able of benefits for the travel insurance (as of Apr 2023)

They increase monthly rebates to 1.5% as well. Rebates on anything (almost, things like transferring cash to other people does not count as rebate…duh!)

Instant Notifications and Security Features

Another great feature of the Revolut app is that you receive instant notifications whenever you make a transaction, which helps you keep track of your spending and detect any fraudulent activity. Plus, the app includes a range of security features, such as the ability to freeze and unfreeze your card instantly if it gets lost or stolen.

I really like this as I had a transaction at Yakun that mention it did not pass through by the cashier. They then charge me in cash as their “NETS/VISA” system was down. 

While sitting down, I notice that I had a notification that it has already been charged, and I immediately raise my concern with the staff. Within the same day the charge was refunded. I was able to verify because the app actually alerts you. If this was a normal bank card, you would have to call and this will never be in your statement most of the time. Yakun staff actually call me 3 days later to ask me if I was been charged and I could tell them – “it’s all good”.

Other parts of the security features include freezing your card automatically if they notice if they suspect of fraud or unusual transaction. Sometimes you do want to authorise the transaction, you can unfreeze the card yourself. I tried doing that with OCBC, you have to call them, they then had to “blanket wide” unblock the merchant for you from their tech team.

It also notified you on refunds which is another great thing!

Buy Stocks, Crypto and Gold

A relatively new feature, you can also buy stock, cryptocurrency and gold. From Bitcoin, Ethereum,Polkadot, Avalanche, 1inch to many other coins you can trade with the app itself in local currency. Even if you do not trade, you can set price notifications. What’s best you get free crypto just by going through some of the learning courses.

Instant Help

If you have any issues, you can go into a chat with any of the assistants online. It’s so much better than our dear DBS, OCBC and other local banks who put you on vaarious hold and pass through to don’t-know what department and yet still can’t resolve the issues. Best part is I do not have to wait for them to answer, as it’s a chat, you can always come back to the conversation when you need to, and then they will response.

Budgeting Tools and Analytics

Finally, Revolut offers a range of budgeting tools and analytics that can help you stay on top of your finances and make smarter spending decisions. For example, you can set up monthly budgets for different categories (such as food, transportation, and entertainment) and receive alerts when you’re getting close to your limit. You can also view detailed spending reports and insights into your financial habits.

Overall, I highly recommend the Revolut card to anyone who travels frequently or wants to simplify their banking experience. With its low fees, competitive exchange rates, and user-friendly app, it’s a game-changer for anyone looking to manage their finances more efficiently.

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