Why I Chose Revolut Ultra: Honest Review

[@SmartMoneywithKai]

👇 ALL MY FAVOURITE TOOLS smartmoneywithkai.com/tools

[@RevolutApp]

Thanks for your review! Welcome to Team Ultra - we're excited to have you on board 🚀

[@SmartMoneywithKai]

Thanks a lot and wow, Revolut watching and commenting on my video, amazing to see🙏 With all my content on your app, I could become a brand ambassador😉

[@yunussavas3481]

Hey revolut so our money isint safe when trading ?

[@SmartMoneywithKai]

@@yunussavas3481 Hi there, made a video on this topic kzbin.info/www/bejne/jIawhIaehrWmj9k Cheers

[@DocMarcel]

please inform us, 22K for investments is protected right? and 100K on savings?

[@yunussavas3481]

@@DocMarcel no they said 80k on savings and 500k on stocks

[@unaiarias8460]

Hi mate, one question. The free longue access is only for 1 person or for more than 1? Thanks!!!

[@SmartMoneywithKai]

Hi mate, you are correct, that's for 1 person, additional people get slightly discounted rates per visit. Cheers

[@unaiarias8460]

@@SmartMoneywithKai do you know how much is the discount?

[@SmartMoneywithKai]

Not sure exactly, but around €25 for most EU lounges which I believe is around €10 discount so not a whole lot.

[@michaltoth9573]

@@SmartMoneywithKai hello...its 24 euro per person and discount is much higher than 10 euro...for example Vienna lounge costs from 44 to 55 euro...

[@guilhermecalil8555]

Awsome video!! One question, I'm from Portugal, and I'm considering the ultra card because the 1 point per 1 euro spend, thinking about miles in Iberia, British and Flying Blue programs. I told like to know if is possible change the revolution debit card for a credit card, is it possible make that request?

[@SmartMoneywithKai]

Hi and thanks a lot 🙌 In general you can add a Revolut Credit Card if it's available in your country, yes 👌

[@pauladriencuny1470]

Hey Man, Nice video I ordered mine as well. Just so you know the benefits for the FT is actually higher cause you get a premium FT subscription which cost around 49€ a month, so you save actually 10 more😉 + for those that already had their FT account, You can cancel your subscription and rebook it with Revolut ! The FT will reimburse you pro rata if you paid yearly. It’s true they sent me around 90 euros

[@SmartMoneywithKai]

Hi Paul, awesome, thanks a lot for sharing, great to hear and good point. Not sure if I did not have Ultra I would still keep my FT subscription, but now having it as part if it, I do use it everyday for sure👌

[@gustavogoulart4775]

Great vídeo!!!! Do you know if I need buy the flight tickets with Revolut to have lounge access?

[@SmartMoneywithKai]

Thanks a lot and no, you don't, just show your QR code on the app, that's all 👌 Cheers

[@kim-andrekalleklev325]

As far as I know its not free access to airline lounges, but almost all other airport lounges..

[@SmartMoneywithKai]

@@kim-andrekalleklev325 That’s correct but most airport have unbranded airport lounges that you can app. You see all those apps inside the Revolut app👌

[@nielsdekker5191]

Great video mate!! Personally I think I'll get it. Hoping for a black friday deal tomorrow of some kind. O'hare is not a supported airport, which really sucks for me personally but still

[@SmartMoneywithKai]

Thanks a lot mate and definitely can really recommend it. I am sure they have a black friday deal so makes sense to get it then. I remember for metal they once had a killer deal which I sadly missed but if you travel a fair bit then that's the card to get💯 Cheers

[@bavers]

Did you keep your Ultra plan or have you down graded? What do you think to the new updated Revolut 10 app?

[@SmartMoneywithKai]

Hi there, I'm still keeping my Ultra for now, technically getting more out of it than I pay for, but I think it only makes sense if you travel frequently and use it with Pro card to get that 1.2% cashback, the other benefits are nice but I could happily live without it. Cheers

[@hyperscootershop]

Thanks revolut it took some time but appreciate the help

[@SmartMoneywithKai]

Awesome to hear that🙌

[@robertolira9843]

Great video. Sign-up today on the offer of £45 for first 3 months. Notice my next payment is £55 not £45 raised this took me over 10 minutes to get online chat representative although it said 1 minute 😂 then on simple question it took over 20 minutes to respond . I had to send screen shot. The response was, if you get charged £ 55 then get in touch with us. That would be another 30 minutes wasted time. Really ? Is this the service ultra cards holders will receive. It's discussing. Find out that support will be speaking with 2 or 3 clients at the same time. No wonder one is not going to get great responses 😢

[@SmartMoneywithKai]

Hello Roberto, many thanks and sorry to hear about your experience. Yes, it did say it was an introductory offer, that's why I signed up for the full year plan right away:) Strange to hear about your bad support experience as so far I must say I was rather impressed, since being a Metal user it got noticeably better, hope you'll have a different and improved experience with them going forward:) Cheers

[@habbab4667]

you will get charged 55 after the 3 months, so get the annual subscription if you want the equivalent to being charged 45 every month. Plus, to get the 5% cashback you need the annual subscription

[@SmartMoneywithKai]

@@habbab4667 Thanks for the comment and yea, I also went with the annual plan👌

[@dysaster4521]

Im considering it for the unlimited access to airport lounges as I pretty regularly travel, It seems pretty benifical on that front, not alot else tbh

[@SmartMoneywithKai]

Hi there and yes, that is one of it's best features for sure. For me additionally I started using NordVPN (previously paid for ExpressVPN) now I safe that money and I find it a better software, I use FT (previously paid for Bloomberg) and using Revolut Pro quite a bit to get 1.2% cashback which does add up over the month. And don't forget if you do travel a bit, book your hotels through Revolut stays and you get the 10% cashback, especially if you travel on company behalf, you get the cashback for yourself which is awesome😉

[@climatixseuche]

don't it is just a "dragonpass lounge access" it comes not even close to a credit card access like amex is offering

[@SmartMoneywithKai]

@@climatixseuche All lounges I went to let me in so, so far very happy with it👌

[@Zaokain]

So I can use The ultra card with The Free plan îs what you re saying?

[@SmartMoneywithKai]

Hi there, yes you can, but if you downgrade early there will be a penalty fee, it will mention it in the terms don't remember exact time, but let's say if after one year you don't want to renew then yes, you can use it free of charge on the free plan👌

[@RichardRietdijk]

Hi Kai! How did you get Cashback from a wedding on revolution pro? (I'm getting married next year, so am very interested haha) I thought it is only for business expenses?

[@SmartMoneywithKai]

Hi Richard, firstly congrats, a big step, big investment, but worth every Euro. Well, I just did it:) I think it's hard to track for them and I doubt they will shut your account down without any notice. Smaller amounts I do pay with regular Revolut card, but big one off payments with Pro and never had any issues👌

[@RichardRietdijk]

@@SmartMoneywithKai sounds good! and thank you!

[@SmartMoneywithKai]

@@RichardRietdijk My pleasure, anytime💯

[@PierPaoloIagulli]

One of the problems is that they advertise benefits that are not available in all countries. I got my ultra in Estonia and I don't get the class pass.

[@SmartMoneywithKai]

Hi and yes, sadly not all countries have the same benefits but in my country we don't have any class pass anyways so I would not make use of that benefit anyways and the rest is fine with me. Cheers

[@user-qp8vu6sx8l]

Question can you pay for someone too join you in the lounge ?

[@SmartMoneywithKai]

Hi there and yes, you absolutely can do that inside the app, it's usually around €24 per extra person.

[@travelerexperience]

Thanks. BTW, In Romania we have the same you show you have in your country

[@SmartMoneywithKai]

Awesome to hear that and great to know, thanks for sharing. Cheers

[@coleharrissimms]

How long is the waitlist I really want to get it before I go traveling!

[@SmartMoneywithKai]

Hi Cole, there shouldn’t be any waitlist anymore as it’s already properly launched. Can really recommend it👌

[@coleharrissimms]

@@SmartMoneywithKai I went on the app and asked me to go on the waitlist after giving my number on the site ? Strange - based in the uk aswell

[@SmartMoneywithKai]

@@coleharrissimms Oh I see, so strange since they are even based in the UK:( Maybe drop a message to their support to see if they have any dates🤞

[@coleharrissimms]

@@SmartMoneywithKai verdict: ultra is still waitlisted but opening up in batches.

[@SmartMoneywithKai]

@@coleharrissimms Thanks for the update and hope you'll be in the next batch then😉🤞

[@deezim]

Do you need to pay for your flights etc with the card to get the money back of it is cancelled

[@SmartMoneywithKai]

Hi just checked with them and no, you don't have to use your Revolut account to pay for the trip to be eligible for the coverage👌

[@WardL]

This is definitely a niche product but I can understand why it makes sense for you. For me it definitely doesn't. Do you use revolut business? Thinking about it for my new business.

[@SmartMoneywithKai]

Hi Ward, fully agreed, it really is not a mass product for sure. In terms of Revolut Pro, I use it a lot actually, you can even use it if you don't have a company, but it's even better if you use Revolut for all personal spending and Pro for all business spending, to send and receive money, track things separately and it's free of charge plus you get cashback while spending which is good. I think Revolut Business is not needed in the beginning, more once you have some employees, etc. plus you'll need to pay for it so I think Pro is a better option for you to start with👌

[@WardL]

@@SmartMoneywithKai probably a smart move. I have the business with someone else. Do you think it is still usable then? Otherwise I will definitely try it. Especially if it's free of charge

[@SmartMoneywithKai]

You could then do a joint account, but not sure that works for Pro because Pro will be under your personal name, you could only share the cards then but would not be ideal, so maybe both get their own Pro account, otherwise if you want to see total balance, have your own cards yet same account, Revolut Business might be a better option for you.

[@kingofcodm1427]

Revolut restricted my account and freeze my money now what I do? I want to do p2p trading by revolut account, now I read some reviews people said revolut blocked my money what's your idea for me I do p2p by revolut it's safe for me and my money? Or what is the best account for p2p treading?

[@SmartMoneywithKai]

Hi there, sorry to hear that, just get in touch with Revolut support they will sort you out. I don't do P2P trading, did P2P lending for a while using Bondora, was good, but I don't like it anymore. Cheers

[@Sam-pn2kc]

think I will go ultra as im also a resident of the uk hope they add more subscriptions services

[@SmartMoneywithKai]

Nice one👌

[@Nicokhth]

Hi Kai, what is the main difference between ultra and metal? and why should you upgrade from metal to ultra in your opinion? Thank you

[@SmartMoneywithKai]

Hi Nicola, I think I went through those in detail in the video, you can check them here again for yourself www.revolut.com/en-DE/our-pricing-plans/ Main difference the added airport lounge access, higher cashback with Revolut Pro, trip cancellation insurance and Partner Benefits like free Financial Times, VPN, etc. It's not worth it for everyone, but in my case it makes financial sense. Cheers

[@MbareDJ]

i was hyped about it, but i think it doesn't worth it in my opinion at the end, with 5 euro more you can apply for the amex platinum and have the same benefits plus you earn the points which you can turn into miles for the airlines companies... quite disappointed... hope they gonna remodulate the plan

[@SmartMoneywithKai]

Thanks for sharing mate, I totally get your point. Like I said, for me it makes sense, but I know to many it just won't be attractive enough so this will be a niche product. Hopefully more perks to come for the future🤞 Cheers

[@simplebench5718]

Hello Kai!I am Romanian and we also have the partner benefits,just so you know.I really enjoy your videos and have a nice day!

[@SmartMoneywithKai]

Hi there, thanks a lot for sharing and that's great to hear👌 Cheers

[@CristianLascu]

I can confirm that, cheers

[@SmartMoneywithKai]

@@CristianLascu Good to hear, thanks Cristian👍

[@aero83pl]

1:18 so you claim I could get ultra plan for one month and then cancel and just 'flex' with the card around? Revolut will not cancel or disable this card??

[@SmartMoneywithKai]

That's correct, but of course you will be charged an early cancellation fee and card fee so not sure it makes sense just to 'flex it around' as you call it😉 You can find more about those details at the bottom of the term sheet here www.revolut.com/legal/paid-plans/

[@aero83pl]

@@SmartMoneywithKai What do you mean an early cancellation fee? I can get this plan as monthly paid plan instead of yearly so I should be able to cancel it any month. What would be considered an early cancellation then? It makes no sense :/

[@SmartMoneywithKai]

@@aero83pl I've send you the link, check it at the bottom of the page, it says it very clearly, but here an extract from it 12. Fees for downgrading your Paid Plan subscription You can end your Paid Plan subscription at any time (we call this a downgrade). However, you may have to pay a fee. You'll still be able to benefit from the services you get for your subscription until the end of your billing cycle you have paid a subscription for, excluding any break fee. So if you pay your subscription monthly and decide to downgrade, you’ll be able to keep using the subscription within the month that you’ve already paid for; if you pay annually, you’ll have access to your subscription until the end of that annual billing cycle. After then, you'll become a Standard user again (a personal account holder who does not pay a subscription for the Paid Plan service). Sometimes, we may waive the fee you pay for a downgrade. Where we do this, you might need to promise to do (or not do) certain things to be eligible for the waiver. For example, we might waive your downgrade fee if you sign up to a new plan, but you might need to promise not to cancel that new plan within a certain time. Whether or not we will waive a fee is our decision. We’ll let you know if we are willing to waive a break fee for you (for example, in app or by email). It's easy to end or downgrade your subscription. If you'd like to cancel your subscription, you can do so through the app or by writing to us at 4th Floor, 7 Westferry Circus, The Columbus Building, London, E14 4HD, UK. The fees for ending or downgrading your subscription are set out below. If you downgrade within 14 days If you pay your subscription in monthly instalments, we'll give you a full refund of your subscription. If we sent a Plus Card or Premium Card to you, we'll charge you the delivery fee, and may deactivate the card. If you ordered a Metal Card, we'll charge you £40 for the card (or the equivalent in the currency of your Revolut account), plus any delivery fee. If you ordered an Ultra Card, we'll charge you £50 for the card (or the equivalent in the currency of your Revolut account), plus any delivery fee. If you pay the full subscription once a year, we'll give you a full refund of your subscription. If we sent a Plus Card or Premium Card to you, we'll charge you the delivery fee, and may deactivate the card. If you ordered a Metal Card, we'll charge you £40 for the card (or the equivalent in the currency of your Revolut account), plus any delivery fee. If you ordered an Ultra Card, we'll charge you £50 for the card (or the equivalent in the currency of your Revolut account), plus any delivery fee. Please refer to your plan's fees page for current information on delivery fees.

[@SmartMoneywithKai]

Thanks for sharing, great to hear👌

[@daleonwheeler3717]

Just got mind , most airports I use have lounge in departure and arrival area 😅😅😅😅 nice to use it after a long flight from Caribbean back to Malta 🇲🇹

[@SmartMoneywithKai]

Hi mate, thanks for sharing. Actually never seen a lounge before the check-in area of an airport but keep an eye on it, would be a nice feature. Cheers and some nice destinations you are living in😉👌

[@DocMarcel]

22 000 euro is protected in the investments in Revolut- so you can invest with 22K there as well :)

[@yunussavas3481]

Where is the proof

[@DocMarcel]

@@yunussavas3481 in the terms and conditions

[@SmartMoneywithKai]

Hi Marcel and thanks for sharing. You are actually right, just don't know why they make it so difficult. They must have changed this recently because before it was different. So frustrating that they hide it in their terms. Just be up front about it, give more confidence. Here in case somebody wants to read it for themselves. Cheers Your Revolut current account is a payments account maintained with the Revolut account offering entity that holds your money. Any money that you hold in your Revolut account offering entity current account is protected up to 100 000 euro by the Deposit Insurance Scheme. Your Revolut Investment account is an account maintained with Revolut Securities Europe UAB. Any money that you hold in your Investment account will be held by us as client money in one or more segregated bank accounts with an authorised European Union (EU) credit institution, bank authorised outside the EU, central bank or money market fund separately from our own funds. The funds corresponding to client money are safeguarded under the LMFI and BoL rules which are designed to ensure the safety of client money held in accounts such as your Revolut Investment account. Any money and/or instruments that you hold in your Investment account is protected up to 22 000 euro by the Liabilities to Investors Insurance Scheme of the Republic of Lithuania, details on which are available in English, Lithuanian and German. www.revolut.com/en-RO/legal/investment-services-terms/

[@DocMarcel]

@@SmartMoneywithKai thank you very much for catching up, yes - i also saw that. It makes Revolut even better. Im a big fan, they really are the best when it comes to executing in Fintech..

[@SmartMoneywithKai]

Good to hear that and same for me, big Revolut fan and user since many years👌

[@globoliver9697]

Thanks for the insight man ... And... One more advice for sensible human beings... If you refrain from buying CrApple gear, you might get an Ultra plan for you and one for your girlfriend for literally no money! ;-)

[@SmartMoneywithKai]

Haha, appreciate the advice, though I guess if I stopped paying for overpriced Apple products I wouldn’t get the Ultra cashback anymore which would make it less useful for me then, so given that I am an Apple shareholder, will continue to support them in the future😉 Cheers

[@globoliver9697]

@@SmartMoneywithKai Haha, so funny, liveable fruitarianism! Enjoy your day!

[@SmartMoneywithKai]

😂😂😂👌

[@misterpassport]

Great job 🎉

[@SmartMoneywithKai]

Many thanks and much appreciated🙏

[@jamesroche6138]

Can anyone just get a pro card and get cash back for every day purchases?

[@SmartMoneywithKai]

If it's available in your country, yes, you can just enable it even on the free plan, it will just have a lower cashback. It says in the T&C's that it's for professional use cases only, but not sure how they would track that. Just don't use it for every transaction, mix it up with your regular card. I use it mainly for larger transactions and travels where it also makes financial sense.

[@Kandy-oq1uv]

James Hey 👋 This New Chapter's Gets the best of the cream of the crop..This wirk well?? YN?? Twysoon Jpbesq

[@BBoris1]

Good job brāļukas

[@SmartMoneywithKai]

Much appreciated mate🙏

[@artemijsstefanovs3465]

😂

[@officialflorint]

Getting an AMEX Platinum or any shitty priority pass card is much cheaper and gets you way more benefits xD

[@SmartMoneywithKai]

Hi there, not sure how a priority pass gets you more benefits than listed here? Cheaper yes, but not more benefits, now those benefits offered might not appeal to you, which is fine, but as I've shown in the video, they are worth it to me and others and pay for themselves and then some, but to each their own😉

[@loeekaas]

You should take a look at the plutus card!

[@SmartMoneywithKai]

Hi mate, I did and tried it but honestly speaking did not enjoy it at all. In any case these days I prefer FIAT cashback over crypto cashback which may or may not keep the value for the future and prefer to stick with BTC when it comes to that but to each their own. Cheers

[@WardL]

I also have the Plutus card and love it. It has given me so much cashback.

[@SmartMoneywithKai]

@@WardL Glad to hear that, somehow it never clicked with me:) But do you keep the PLU cashback or do you convert it back to EUR or BTC?

[@WardL]

@@SmartMoneywithKai also understandable. It is definitely a bit difficult. I have hold on to it until I hit the staking requirements but now I convert it to euros. Always smart to just try most things

[@SmartMoneywithKai]

@@WardL That's very good if you convert it, cause I've seen too many people holding on to their strange alt-coins they got in cashback, yet when they tried to convert it later on it was worth pennies.

[@tiglat]

In der Gesamtbetrachtung bleibe ich lieber bei meiner Amex Platinum. Die ist wenigstens eine Creditcard und keine Debitcard.

[@SmartMoneywithKai]

Kann ich voll verstehen, leider kann ich in Litauen die Amex nicht testen da nicht verfuegbar, aber sieht auch interessant aus👍

[@officialflorint]

Ja richtig

[@officialflorint]

Lounge Zugang mit AMEX is 1000x besser und AMEX MR Punkte sind besser als 0.1% Cash back 😂😂

[@SmartMoneywithKai]

​@@officialflorint I get 1.2% cashback with Revolut Pro using Ultra which is not too shabby👌

[@Sam-pn2kc]

dont think its worth it for me

[@SmartMoneywithKai]

Understandable, I think it’s quite a niche product. I think they should either lower their price for it or beef up the benefits. Will stick with it this year and then revisit it next year depending on their benefits for it. Cheers Sam

[@Sam-pn2kc]

hope ultra comes to australia soon

[@SmartMoneywithKai]

I thought you are based in Poland?😉

[@monolithwraith1511]

Hopefully 🤞

[@Sam-pn2kc]

@@SmartMoneywithKaiyes i am but im not a resident yet. Im a resident of ukraine aswell

[@SmartMoneywithKai]

@@Sam-pn2kc Wow. That must make your KYC process interesting 😉

[@Kandy-oq1uv]

​@@monolithwraith1511😮😢😮 5:12

[@lewish483]

Just wait until they closed your account without giving any reason 🤦🏻‍♂️😂 never leave huge sum of money in revolut account otherwise you will regret it if they freeze your account!

[@SmartMoneywithKai]

Hi Lewis, thanks for your deep insights. Source? Trust me bro?😉 Been with them over 8 years and never any issues. At some stage kept over €70K there. It's fully protected up to €100K so all good👌

[@lewish483]

@@SmartMoneywithKai yes but they freeze accounts and stop you from accessing your own money when the funds are legitimate and it takes them forever to answer and resolve case! But then they close your account and say to provide alternative bank so the funds can be transferred lol.. so moral of the story.. I used to transfer money to my wife’s account and she used to transfer too sometimes, after a week my account got closed by them and took two weeks to get my money back 🤦🏻‍♂️

[@SmartMoneywithKai]

Sorry to hear that, hope it'll be sorted out, luckily myself and others did not encounter that. Cheers

[@mrcalbet]

Do not trust revolut

[@SmartMoneywithKai]

Reason being?

[@VocaloidEnjoyer1]

I am honored to be the first to dislike this corporate capitalism shilling video. Imagine paying 600$ a year for a piece of plastic for some gimick "benefits"...

[@SmartMoneywithKai]

Well looks like you didn’t watch the video sadly. I guess I made it very clear that it is a niche product and in my case and some others makes financial sense, i.e. you make more money than you spend but not meant for all but I hope despite your negativity, you’ll find happiness in our capitalistic life💪

[@VocaloidEnjoyer1]

@@SmartMoneywithKai I watched it, because youtube randomly suggested it to me (Probably paid to be on the front page) and this is an advertisment, but certainly not a review.

[@SmartMoneywithKai]

@@VocaloidEnjoyer1 Seems you are not aware how YT ads work, you would see them clearly marked as an ad and I most certainly don’t pay for video ads, but glad to see that YT algorithm seems to like my video more than you:) In terms of your definition of a review no idea what that is, but when I clearly mention in the video that it will probably only appeal to a small niche audience who travels and spends a lot and also mention that I won’t recommend it for stock trading and lastly bought it with my own money then this could hardly be called an ad or in this case it would be a pretty bad ad:) Either way, thanks for watching👋

[@leoo697]

I find it worth it just for the lounge pass. I pay around $600 a year for the dragon pass so it was a no brainier getting the Ultra plan. It’s the same price as the lounge and I get loads of extra benefits

[@SmartMoneywithKai]

@@leoo697 Thanks a lot for sharing and great to hear, I obviously feel the same about it😉👌