Revolut Card – I don’t need any other card
In 2015, a man by the name of Nikolay Storonsky created a company called Revolut. The company's mission was to make it easier for people to spend money abroad without having to worry about foreign exchange fees. Today, Revolut has over 3 million users and is one of the most popular financial technology startups in Europe.
Revolut offers its users a prepaid debit card that can be used in over 150 countries without incurring any foreign exchange fees. The card is linked to the user's Revolut account, which can be managed via the Revolut app. Users can top up their account with either fiat currency or cryptocurrency, and they can also withdraw cash from ATMs around the world without paying any fees. In addition to the prepaid debit card, Revolut also offers a range of other features such as peer-to-peer payments, bill splitting, and merchant discounts.
One of the key selling points of Revolut is its commitment to security. The company uses bank-grade security measures to protect its users' data and funds. In addition, all transactions made with the Revolut card are protected by Visa's Zero Liability Policy, meaning that you will not be held responsible for any unauthorized charges made on your card.
While many traditional banks offer similar services to what Revolut does, they typically charge much higher fees for them. For example, most banks will charge you a foreign exchange fee if you use your debit or credit card abroad (on top of any ATM withdrawal fees). This means that if you're travelling overseas for an extended period of time, using your regular bank cards can end up costing you a lot of money in fees. With Revolut, there are no hidden costs - what you see is what you get. This makes it much easier to budget when travelling abroad, as you'll know exactly how much each transaction will cost before you make it.
Overall, Revolut is a great option for anyone who frequently travels abroad or who wants to send money to friends and family overseas without incurring high transaction fees. The company has been growing rapidly since it was founded in 2015 and shows no signs of slowing down anytime soon!