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
27/06/2024 Article

Qorus and Infosys Finacle collaborate to recognize banking innovation initiatives worldwide

The 11th Edition of Qorus-Infosys Finacle Banking Innovation Awards has been announced .

Insurance
25/06/2024 Interview

Behind the gold: The success story of Zurich's WhatsApp claims chatbot

Rosa Narváez is Head of Service Strategy and Transformation at Zurich in Spain. She is the person behind the 'WhatsApp...

SME Banking
23/06/2024 News

Commonwealth Bank of Australia introduces loyalty program for businesses

The Commonwealth Bank of Australia (CBA), a leading force in the Australian banking sector, has unveiled an array of innovative...

Digital Reinvention
23/06/2024 News

NatWest launches Cora+, a Generative AI upgrade to digital assistant

This new version, introduced during London Tech Week, will make NatWest one of the first UK banks to deploy generative...

Digital Reinvention
22/06/2024 News

OCBC Securities launches Singapore’s first AI stock-picker to triple young investors

A.I. Oscar predicts stock price movements and generates personalized stock ideas. Following a successful pilot from October 2023 to April...

Mobility
20/06/2024 News

Superbank expands banking access to millions of Grab users and partners in Indonesia

This partnership allows millions of Grab users and partners to open accounts, save money, and use these accounts for payments...

SME Banking
20/06/2024 News

Societe Generale to sell subsidiary Shine to Ageras

This strategic move is part of Societe Generale's effort to streamline its operations and concentrate on its core retail banking...

Insurance
19/06/2024 Study

The Qorus Innovation in Insurance Awards trends 2024

Whether harnessing the latest technological advancements like generative AI or the metaverse, or addressing customer or employee needs directly, the...