Between YouTrip and Revolut, which is better? - Seedly
 

YouTrip

Revolut

Multi Currency Cards

Credit Card

Asked by Anonymous

Asked on 13 Oct 2019

Between YouTrip and Revolut, which is better?

What are the Pros and Cons of using YouTrip and Revolut? Which one would you recommend?

0

Answers (7)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent

If you’re comparing on features, Revolut is better.

If you’re comparing just on exchange rates, I would say get both since it’s free, and see which offers the best rates at the point of purchase.

Based on my comparisons, Revolut wins YouTrip in USD, HKD, AUD & NZD but loses in JPY.

Disclaimer: I only compared these 5 currencies.

10 comments

2

See all 10 comments

Kelly Trinh
Kelly Trinh

2w ago

Do let me know your experience once you go on the big trip. Would be nice to have further info on actual experience
Leslie Koh
Leslie Koh

2w ago

Kelly - each card has its own benefits. As of now, for travelling usage, YT seems to emerge as the winner for now. And yes, I will definitely share my experience!
Junus Eu
Junus Eu
Top Contributor

Top Contributor (Oct)

Level 8. Wizard
Answered on 13 Oct 2019

No harm getting both, and then seeing what exchange rates are available to you!

Given that it's still anyone's game, I do believe that they would look to offer competitive rates!

0 comments

2
  • YouTrip has a simpler, no-frills, UI for a more fuss-free approach to using a multi-currency wallet. The downside, however, is that it is a one-way wallet where you can load and spend but you're not able to withdraw money out to a bank account.
  • Revolut, on the other hand, if used by someone whose a more experienced user, can leverage on the many functionalities like transferring out to a local/overseas bank accounts, budgeting and analytics tools, etc. Based on my experience, Revolut offers slightly more competitive FX rates too.
  • TLDR:
  1. YouTrip - Basic one-way multi-currency wallet
  2. Revolut - Two-way multi-currency wallet with budgeting, analytics, peer-to-peer payments functionalities, and more!

0 comments

1

Revolut looks more fully-featured and only one use case where YoutTrip would win (o/s spending mostly in JPY) but for other users - Revolut wins.

As observed free to join and poke around but do note funds added to YouTrip are 'trapped' without a way to get funds out without charge after trying out (other than spending of course) whereas Revolut can transfer out if turns out not suitable.

For longer pro-con of feature set look at my review on the respective Revolut/YouTrip pages.

2 comments

1
Jia Jia
Jia Jia

14 Oct 2019

Under the new t&cs, you can request for a refund for your Youtrip wallet but you have to pay $10 processing fee.
Kelly Trinh
Kelly Trinh

14 Oct 2019

Thanks Pat for info, I did slight update to answer to reflect!
F
Frederick
Level 2. Rookie
Answered 2w ago

A tip for all, avoid using Revolut CC on weekends as they have the worst rate. I use both cards on Last Saturday, the myr rate which I got is a lot different. You trip: 3.0607 vs Revolut: 3.0318.

1 comment

0
Kelly Trinh
Kelly Trinh

2w ago

Yeh - Revolut seem to be doing back-to-back hedging out of London FX markets - so when markets are closed (weekends) they charge 1% extra to cover the slippage risk - the difference in rates looks exactly due to that charge.
Krista
Krista
Level 5. Genius
Answered 2w ago

Hi Anonymous! YouTrip rates would be similar or more competitive to Revolut at the moment. If you're unsure of this, simply open up both apps to see! YouTrip has also shared an update about their rates on FB & IG https://www.instagram.com/p/B4buPtHHQjr/ Hope this helps! :)

1 comment

0
Kelly Trinh
Kelly Trinh

2w ago

Gotta hand it to the YT guys; competing vigorously! They were previously using Mastercard rates which had an inbuilt margin but from the post Krista supplied; looks like they have updated their backend to use mid-rates. From independent check of Revolut vs. YT; it does look like they are pretty much spot on now. Curious about the implied challenge accepted in the post Krista linked where YT say they will match better rates --- I would expect if the are confident, more than just match - but all in all gratifying to see competition in this space
RyaN Cheong
RyaN Cheong
Level 3. Wonderkid
Answered on 13 Oct 2019

1 comment

0
RyaN Cheong
RyaN Cheong

13 Oct 2019

My referral code for revolut: https://revolut.com/r/mingre0l37