In this travel hack guide, we discuss how to save money with the best no-fee travel credit card – Revolut.
It is not uncommon to be charged at least 2% in foreign transaction fees when using an ordinary credit card from your home country. Revolut will help you save money on international transfer fees when making purchases abroad.
Banks will usually give you poor exchange rates, but Revolut will give you the actual exchange rate. In addition, a travel card is also going to save you money when purchasing things online from other countries that are in another currency.
What Countries Is Revolut Available?
Revolut is currently available in the European Economic Area (EEA), Australia, Canada, Singapore, Switzerland, Japan, and the United States. The EEA includes:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
So if you happen to live in one of those countries you are in luck.
Best No Fee Travel Credit Card Types With Revolut
With Revolut you have the option of choosing either Visa or MasterCard.
In addition to a physical card, Revolut offers virtual debit cards which you can create using the app. These virtual cards have their own credit card number and expiry date, so they can be used like a normal credit card for online purchases. This makes it a good option for purchasing online subscriptions, as you can simply just delete the virtual card whenever you wish.
How To Top Up Revolut Card For Free
Revolut is actually a pre-paid debit card, so you’ll have to top it up. There are several ways to do this:
- A debit card: Free!
- A credit card issued in your country: Free!
- A credit card: Large fee from Revolut
- A bank transfer: The fees depend on your bank
So your best option is to either top up with a credit card you already have in your country or bank transfer if your bank doesn’t charge any fees.
Sign Up For Revolut
You can sign up for Revolut here. To use Revolut you have to download the Revolut app on your phone. You can either go to the Revolut site or download the application from AppStore or Google Play. After you download the app, you’ll have to complete your registration details and scan your ID for verification. In addition, you’ll need to top up a small amount in order to get your FREE Revolut physical card posted to you.
Some (Small) Fees With Revolut
With the Free Standard Plan, you get to withdraw $300 USD per month from an ATM. After this, you will incur a fee of 2%.
For Thai Baht, Russian Rubbles, and Ukrainian Hryvnia, there is a 1% fee. All other currencies are free. However, there is a limit of $1000 per month for free transactions. After this, there will be a 0.5% fee.
Also on weekends (outside business hours), there will be a fee of 0.5% charged on major currencies: USD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK, PLN, and CZK. Other currencies will be charged a 1.0% fee, while Thai Baht, Russian Rubbles, and Ukrainian Hryvnia will be charged a 2.0% fee on weekends.
If you are a long term traveller, I would recommend upgrading to the Premium or Metal Revolut plan, as it will often work out cheaper.
- Free currency exchanges during the week.
- Can hold many currencies in the account.
- Very fast transfers to other users.
- Fast transfers to other bank accounts.
- Free virtual credit cards.
- Expensive during the weekends.
- Free exchanges are limited to 1000 USD per month.
- Expensive for some exotic currencies.
Conclusion – Best No Fee Travel Credit Card
Personally, I love Revolut, and as a long term traveller, I’ve opted for the Metal plan which also gives me many additional features and no exchange limits. I use my Revolut card all the time when abroad and find it is accepted everywhere. It is also great having such control over your spending, you can see what you spent money on easily within the app in real-time.