Revolut pre-paid Mastercard

Neil8882

A quick question for you. I know nothing about travel cards and as much as i try to learn about them, i just get confused. Im looking to transfer £1600 for spending money for my trip to New York in November.
After the Brexit in June i see the exchange rate has fallen and by the sound of it are going to fall again. I suppose I'm asking is the revolt card a good pre paid travel card?

vmatu

Another quick question. Going to US in Autumn and as after Brexit £ rate is down most was wondering how exactly Revoult works. I want to use it US so need to convert my € to $. As Revolt is UK based will my amount in € first be converted to £ and then to $ or will it be converted directly from € to $ bybassing £ at all?

thurgood

Neil8882 wrote: »

A quick question for you. I know nothing about travel cards and as much as i try to learn about them, i just get confused. Im looking to transfer £1600 for spending money for my trip to New York in November.
After the Brexit in June i see the interest rates have fallen and by the sound of it are going to fall again. I suppose I'm asking is the revolt card a good pre paid travel card?

Do interest rates have anything to do with your exchange rate? Maybe you mean "exchange rates". November is a long time from June... as they say "a week is a long time in politics", the same is true of currency rates...

One of the cool things about Revolut is that it gives you the opportunity to lock in an exchange rate. However, now might not be the moment. Your call...

At the moment the UK£ is quite near historic lows, (as I type, 1 UK£ will buy you US$1.34) so if you exchanged pounds for dollars at the moment you'd get a miserable rate. Only last week you would have got US$1.50 for your UK£. Why not wait and see how the Brexit pans out? I suspect the UK£ will rise again once all the poop straightens out .

thurgood

vmatu wrote: »

Another quick question. Going to US in Autumn and as after Brexit £ rate is down most was wondering how exactly Revoult works. I want to use it US so need to convert my € to $. As Revolt is UK based will my amount in € first be converted to £ and then to $ or will it be converted directly from € to $ bybassing £ at all?

If you have euros in your Revolut account, go directly to dollars.

Neil8882

thurgood wrote: »

Do interest rates have anything to do with your exchange rate? Maybe you mean "exchange rates". November is a long time from June... as they say "a week is a long time in politics", the same is true of currency rates...

One of the cool things about Revolut is that it gives you the opportunity to lock in an exchange rate. However, now might not be the moment. Your call...

At the moment the UK£ is quite near historic lows, (as I type, 1 UK£ will buy you US$1.34) so if you exchanged pounds for dollars at the moment you'd get a miserable rate. Only last week you would have got US$1.50 for your UK£. Why not wait and see how the Brexit pans out? I suspect the UK£ will rise again once all the poop straightens out .

Thank you for that, it really does help, I did mean the exchange rate. I read on here on MSE that they think its going to drop to 1.20 but i guess i will have to wait and see.

csgohan4

Is there anyways to transfer a paypal balance of dollars to revolut?

makima

so Revolut cannot be topped-up from a card issued by a non-EEA bank...
that's a pity.

thurgood

According to the Wall Street Journal, for what it's worth, it appears that the pound is finding support at $1.28... if this helps you with you exchange plans.

Peribanu

makima wrote: »

so Revolut cannot be topped-up from a card issued by a non-EEA bank... that's a pity.

Really? Does it say that somewhere? All I know is that they charge 3% for USD debit-card top-ups. The fact that they accept USD top-ups by debit card suggests to me that they will accept non-EEA issued cards, but if not, it would be good to know. You do have to have an account in your own name, you can't top-up with a relative's card.

makima

it's official, they are now accepting top-ups only from EEA users.
users outside EEA can spend their current balance and.. that's it.