Revolut, the digital banking alternative has today launched a new metal card which offers up to 1% cashback in 29 currencies including Bitcoin, Litecoin and Ether.
The card which is actually made of metal is the latest from Revolut and the 1% cashback in crypto is sure to attract crypto enthusiasts. Revolut are constantly looking at ways to incorporate crypto into their alternative banking model.
MAIN Advantages of revolut metal
A card made out of steel which is sure to impress your friends
The potential to earn up to 1% cashback in crypto - who wouldn't love receiving free crypto right?
Free overseas medical insurance
Interbank FX rates
MAIN DISADVANTAGES OF REVOLUT METAL
No individual cryptocurrency wallet access - meaning you cannot transfer from crypto from your coinbase account into your revolut card and vice versa.
The cost - £12.99 seems a bit steep when 'premium' revolt cards are only £6.99. You will need to work out how much you intend on using your card per month to ascertain whether it is worth the extra monthly expenditure.
The contract - If you want a Revolut metal card you will have to commit to a 12 month contract or be charged £26 if you terminate the agreement early.
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We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.