Revolut launches Pan-European loyalty program: RevPoints

24/06/2024 News

Revolut, the global online bank with over 40 million customers worldwide, including over 3 million in France, has introduced RevPoints, a new pan-European loyalty program. This program allows Revolut customers to earn points on their everyday spending, which can be redeemed for rewards such as airline miles and exclusive discounts on travel, accommodations, shopping, and more.

Digital Reinvention
13/06/2024 Article

Financial Innovation Spotlight: June 2024 edition

RevPoints: Diverse rewards for every lifestyle

RevPoints enables customers to accumulate points through daily expenditures and unlock various benefits. These include airline miles with over 30 airlines and exclusive discounts on travel, accommodations, and experiences. Customers can transfer their RevPoints to loyalty programs like Air France, Transavia, and KLM via Flying Blue, and to Qatar Airways, British Airways, and Iberia via Avios, making travel more accessible despite rising airfare costs.

Points can also be redeemed for discounts on premium accommodations and experiences through the Lifestyle tab in the Revolut app. Additionally, points can be used for discounts on online purchases from major brands such as Asos, Amazon, Nike, and L'Occitane.

Maximizing points and rewards

Users can earn up to 1 point per euro spent, with additional opportunities to boost earnings by converting spare change into points, completing challenges, or booking stays and experiences within the app. New Revolut users receive 3,000 bonus points (equivalent to 3,000 airline miles or up to €60 in travel discounts) after making 150 eligible transactions. Users can also earn up to 10,000 bonus points by upgrading their Revolut account and reaching certain spending thresholds within the first 90 days.

For Revolut Ultra customers, rewards accumulation accelerates significantly. Customers spending €2,500 per month can earn up to 30,000 RevPoints per year—enough for a free round-trip flight from Paris to New York or a €600 hotel discount.

Successful test launch

Since its test launch in September 2023, over a billion RevPoints have been earned, with nearly 120 million points redeemed by Revolut users across seven European markets. With the official launch of RevPoints, Revolut enhances its lifestyle product range, offering unparalleled loyalty rewards to its customers.

Related news & insights

Digital Reinvention
22/10/2024 News

UOB launches programme for upskilling employees and transforming careers

This comprehensive 12-month initiative, which includes customized learning paths and coaching, is aimed at helping employees transition into new roles...

22/10/2024 News

How Tokyo Star Bank is thriving by offering real estate loans to foreign investors in Japan

This unique offering has proven to be a successful growth strategy for the bank, helping it stand out in Japan’s...

Digital Reinvention
21/10/2024 News

Santander debuts Openbank in the U.S.

Openbank will provide U.S. customers with a high-yield savings product, coupled with an intuitive and secure digital experience.

21/10/2024 News

APRA reports significant decline in bank branches across Australia

The report, which tracks physical banking service channels like branches, ATMs, and EFTPOS facilities, highlights the ongoing shift away from...

21/10/2024 News

The death of the banks: A look at the changing face of consumer banking in the U.S.

A recent report from Self explores how consumer banking has changed since 2000. The findings paint a clear picture of...

21/10/2024 News

AIB to invest €40m in modernizing Irish branch network

The investment will focus on upgrading branches and ATMs as part of the bank’s commitment to maintaining physical locations while...

Insurance
20/10/2024 News

Revolutionizing health and wealth: AIA Club Alta's exciting anniversary launch

The club offers a one-stop service for wealth management, health, and wellness, alongside exclusive lifestyle events designed for its members.

Digital Reinvention
18/10/2024 News

Banca Widiba and iGenius partner to transform financial services with Generative AI for business intelligence

The collaboration is aimed at enhancing Widiba’s BI solutions by incorporating cutting-edge AI technologies to simplify data access and improve...