Digital Bank Revolut Raises Fees for Premium Member Plans

Revolut has reportedly raised the fees of its premium plans as certain paying members now gain access to subscriptions for a range of digital apps like ClassPass and Tinder.

The financial super app provider stated that it is the first time it has updated the prices of certain plans, after introducing them in the United Kingdom five years back.

Revolut clients who are paying for Revolut Plus, which has various perks like in-app customer support, will now see the price go up from £2.99 every month to £3.99 each month, or £29.99 per year to £40 yearly.

Revolut clients on a Premium subscription will now see the monthly fee increased by £1 to £7.99, meanwhile, the Metal plan is being increased by £2 to £14.99 per month.

The price update means Premium and Metal customers will now gain subscriptions to various lifestyle apps as part of the updated fee for the financial super app.

A Metal customer is able to use 10 free credits each month with ClassPass, which could typically cost around £15 month, along with gaining access to standard subscription to the FT, as well as an account with Tinder’s Gold tier.

Other partner apps reportedly include Deliveroo, NordVPN and Headspace.

This may actually result in savings of as much as £1,730 per year for a Metal customer, as long as clients activate all the subscriptions being offered, Revolut’s management explained.

The Fintech company’s priciest plan, Ultra, which reportedly costs £45 each month and provides access to the lifestyle apps and perks like airport lounge access, is going to stay at the same price. The standard plan is to remain free.

UK clients are sent an email informing them that the price of their plan is going up, and will be able to downgrade their plan at no cost, until the date the higher price becomes effective.

Tara Massoudi, Revolut’s GM of premium products, stated:

“We always listen to our customers and innovate our products to exceed their expectations. As part of enhancing our paid plans, additional exciting benefits will come to Ultra customers in due course, too.”

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