Revolut rolls out Plus accounts for purchase protection

Revolut is rolling out a low-cost subscription option which will give customers purchase protection and other features for £2.99 a month, according to finextra.com.

Launching in the UK today, Revolut Plus is available to all customers and to existing paid plan Premium and Metal subscribers. The UK rollout will be followed next week by a full launch to European customers.

The purchase protection on offer, which 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 junior accounts.

Nik Storonsky, CEO and Founder at Revolut, says: “We want to help our customers shop safely, knowing their purchases are protected by Revolut from theft, damage, or no-returns policies.”

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Plus users have access to all the services available to personal account holders on a Standard Plan, as well as the following benefits:

. two free Revolut Plus cards (and one free replacement each subsequent year);

. up to three active physical Revolut cards at any one time;

. up to 2 Revolut Junior accounts with the full set of features;

. access to Purchase Protection, Refund Protection and Ticket Cancellation Insurance for purchases made with your Revolut account; and

. priority customer support through the Revolut app.