Revolut has launched a loyalty scheme, RevPoints, where you can earn points on your purchases to put towards experiences, hotels, and flights.
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Revolut is a banking app with over 40 million users. They have launched a new loyalty scheme.
Revolut’s loyalty scheme, RevPoints, allows you to earn points from your everyday spending.
For every £1 you send using your card or contactless, you earn 1 point.
You save your points and can exchange them for air miles or use them towards getaways and hotel stays.
There is also a spare change option where you can earn extra loyalty points and get 2x points if you buy certain Revolut products.
Top tip:
Personally, I wouldn’t turn on Spare Change. You are literally buying points. I suppose it’s worth it if you want the air miles, but I never use them!
Spare Change with RevPoints works by rounding up your spending. If you buy something for £1.10, they will round up your spending to the next whole pound — so 90p.
That equates to 45 RevPoints earned, but you have spent 90p.
I love round up apps, but it’s my money going into actual savings, not changing them for loyalty points (which expire after 3 years).
How much are RevPoints worth?
After collecting 100 points (so spending £10), you earn enough to convert to 100 air miles – so £1 spent is the same as 1 mile.
For stays and experiences, 5,000 points can be used for £100 off.
There are also shops and brands in Revolut where you can save at the checkout. For example, 5,400 points gets you £26 off.
What does it look like in actual spending?
Revolut has said that if you spend £2,000 a month on your Revolut card, you can earn:
- Up to 24,00 miles on frequent flyer miles, or
- up to £480 off stays, or
- up to £192 off experiences
This is based on an Ultra plan.
Welcome bonus
As it’s just launched, they are running a welcome bonus offer.
You can earn 3,000 points, which is 3,000 worth of air miles or £60 towards a hotel stay.
To earn points, you must opt in and make 150 eligible card transactions in the first three months.
That’s a fair amount, really. Do you make 50 transactions a month?! I know I don’t!
There are also other ways to get bonus points, including setting up recurring payments, setting a budget goal, referring friends, donating money, or changing or making an international transfer.
Naomi knows the burden of living on very little and became debt free by following her own money saving tips and tricks. She is an expert on saving money at the supermarket and side hustles.
