Revolut has unveiled a significant update to its subscription plans for nearly 2.5 million customers in Ireland, marking the first major change to its fee structure since 2018. The fintech company announced that it is revising the monthly and annual fees for its Plus, Premium, and Metal memberships while enriching these plans with subscriptions to various lifestyle apps, including the Financial Times and ClassPass.
The new pricing is set at €3.99 per month or €40 annually for the Plus plan, an increase from the previous €2.99 monthly fee. The Premium plan will now cost €8.99 per month or €90 annually, up from €7.99 per month, and the Metal plan sees a rise to €15.99 monthly or €155 annually from the former rate of €13.99 per month.
In addition to the fee adjustments, Revolut is offering more value to its Premium and Metal subscribers by including complimentary access to services such as Deliveroo (OTC:DROOF) and Tinder. These benefits are estimated to add up to €1,980 annually, depending on the chosen plan. For instance, the Deliveroo subscription included with the Premium plan is valued at €48.11 per year.
Existing customers on a monthly billing cycle have the option to lock in their current rates for one more year if they switch to an annual billing model before a specified deadline communicated via email. They also have the freedom to downgrade their plan without incurring any costs until the new pricing takes effect.
Tara Massoudi, Revolut's General Manager of Premium Products, hinted at even more perks soon to be introduced for Ultra plan members, though she did not disclose specifics. Despite these enhancements, there has been no change in price for the Ultra plan.
The overhaul comes as Revolut's data indicates Irish customers spend over €12.8 million (EUR1 = USD1.0844) monthly on digital goods, a 14% year-over-year increase as of October.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.