Revolut Bonus Review
The Revolut bonus is a monthly interest rate on your savings account that is calculated according to the total amount you spent on your card during the previous month. This interest is paid out on the first business day of the month. Revolut has over 13 million users worldwide, with about 150,000 in the U.S. The company has a variety of credit and debit cards available for customers. The bonus offer is available for a limited time only.
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The high rate of Revolut is a result of its value proposition. A customer earns a 4.50% bonus rate on every $200 they spend on their debit card in the previous month, regardless of whether or not that amount is in the savings vault. In this case, the 4.50% bonus rate applies only to the balance, so a person with a $1,000 balance will earn a 4.50% bonus on $200, while a customer with a balance of $800 will receive a 0.25% or 0.50% base rate.
The Revolut bonus is paid with the debit card swipe fees of merchants. Since this fee is usually around 1.2% of the total transaction value, the bonus amount will help customers to save money, which means Revolut will not become a loss-making customer. The average debit card interchange fee in the US is 1.2%, while 0.2% in Europe. The new card features make Revolut a more attractive choice for business users and consumers alike.