Revolut announced the launch of an affordable premium option called Revolut Plus for £2.99 per month.
This is following the launch of N26 Smart and Monzo Plus subscriptions. So far the subscription options of Revolut included only Premium and Metal priced at £6.99 per month and £12.99 per month respectively.
Revolut Plus does not aim to offer travel perks as that is not what customers are looking for in the times of global pandemic.
With the purchase protection, the account provides cover for damaged and stolen goods and event ticket cancellations, covers Plus customers up to £1,000, Premium customers up to £2,500, and Metal customers up to £10,000.
Revolut Plus customers will also be able to spend online with virtual cards, while parents and guardians can teach their kids money skills with access to up to two Revolut Junior accounts.
Nik Storonsky, CEO and Founder at Revolut, says: “We’re excited to launch our upgraded plans for our customers across Europe, providing them with great value for money while protecting them from out of pocket expenses.”
“We want to help our customers shop safely, knowing their purchases are protected by Revolut from theft, damage, or no-returns policies,” he added.