The referral link for better exchange rates got me to properly try Revolut instead of just having it on my "maybe later" list. A year later the app is still installed and I use it for a mix of international transfers and foreign spending, plus the occasional domestic feature when it makes sense.
It didn't become my only finance app, but it carved out a useful niche.
Early Months: Rates That Felt Like a Win and the Card
The first international transfer using the referral perks showed a clearly better rate than my bank. That alone justified keeping the app.
I also got the card (virtual first, then physical). Being able to hold a few currencies and spend without the usual foreign transaction punishment was handy on a short overseas trip.
The referral benefits applied as described for the initial use.
Mid to Late Year: The Comparison Tool
By month six or seven I had a habit: whenever I had a cross-border payment or was about to spend foreign currency, I opened Revolut (and usually Wise) to compare rates and fees against my bank.
What I used most:
- International transfers (rate + transparency)
- The card for travel spending
- Holding small balances in a couple of currencies so I wasn't forced to convert at bad moments
What I used less:
- Some of the extra features (crypto, stocks, insurance-style add-ons) that are available on higher plans or in other regions
- Pure domestic AUD stuff (banks or PayID are often simpler/free for that)
One Year Verdict
Revolut with the original referral link is worth having if you ever move money internationally or spend abroad. The rate advantage over traditional banks is real for most personal use cases, and the card is genuinely useful for travel.
It won't replace every bank function, and for very large or very specific transfers other providers can sometimes be better. But having it as a comparison point (and often the winner) has saved me noticeable money over the year on the transfers and spending I actually did.
The app stays on my phone. The referral got me to try it properly. The ongoing value is the rates and the multi-currency convenience.
Claim the Revolut offer - Use the current referral link for any available perks. Terms apply.
Disclaimer
Coupon CEO may receive a commission from qualifying sign-ups at no extra cost to you. Offers, rates, and features are subject to change. The referral perks are for eligible new users only. Exchange rates are usually better than banks but not always the single best option. This article reflects personal experience and is not financial advice.
FAQ
Is Revolut still useful after the initial referral perks?
Yes for international transfers and foreign spending. The rate advantage over most banks is the ongoing reason to keep it.
Do I need a paid plan?
Basic use is fine on the free tier. Paid plans unlock higher limits, better rates on some things, and extra features.
Is the card good for everyday Australian spending?
It's fine, but your normal Australian debit card is often simpler for local use. The Revolut card shines for multi-currency and overseas spending.
How do the exchange rates compare long term?
Usually significantly better than traditional banks for personal amounts. Always compare with Wise or other providers for your specific route and size.
New here? Use the current referral link for any available perks - Claim the Revolut offer. Compare the rate on your first international transfer. Terms apply.
