Between YouTrip and Revolut, which is better? - Seedly
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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?

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Frederick
Level 2. Rookie
Answered on 05 Nov 2019

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.

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Kelly Trinh
Kelly Trinh

05 Nov 2019

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.
Shawn Lee
Shawn Lee
Level 2. Rookie
Answered on 16 Dec 2019

I have both cards and bring both with me when I'm travelling!

Generally, I use YouTrip for transactions as they have a slightly better exchange rate (last compared in Taiwan on both weekday and weekend). The only time I used the Revolut card was to withdraw cash, as YouTrip charges $5 per withdrawal, and Revolut was free.

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  • 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!

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Junus Eu
Junus Eu
Top Contributor

Top Contributor (Apr)

Level 9. God of Wisdom
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!

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RyaN Cheong
RyaN Cheong
Level 3. Wonderkid
Answered on 13 Oct 2019

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RyaN Cheong
RyaN Cheong

13 Oct 2019

My referral code for revolut: https://revolut.com/r/mingre0l37
Joseph Goh
Joseph Goh
Level 3. Wonderkid
Answered on 02 Oct 2019

I have been using Revolut since 2014 before it rolled out the premium features and offerings. It started off as a multi-currency card for travellers and slowly leaning more towards the digital banking side while you can set up a scheduled payment monthly and act as sort of spending management purpose since it offers a monthly spending visuals for you across different currency.

They actually started offering free commission stock trading to the current customers as well. Other services including insurance and concierge services if you're a premium customer paying a monthly fee.

At the moment, the use case for YouTrip seems more restricted to frequent travellers while you can treat Revolut as some sort of money tracking app/ stock broking app.

And Revolut actually supports Apple or Google Pay! Regrading the conversion rate, I think it depends on the time you check. Might need to do a further study to make a better comparison on the spot rates.

Also, YouTrip doesn't allow you to use its card to withdraw from SG local ATMs but Revolut does with a withdrawal limit of around 200GBP per month I believe. (I got mine back in the UK so the denominated currency is in GBP)

Just my personal opinion as a user of both services. Hope it helps!

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Mark
Mark

02 Oct 2019

To add on, YouTrip can't be used for online merchants requiring OTP. But No such restrictions for Revolut. Revolut has 0.5% if you convert fx above $9k a month. YouTrip doesn't have this cap but I guess $9k limit is more than enough for most of us. Generally I prefer Revolut user interface and it has nicer card color. I use both
Kelly Trinh
Kelly Trinh

09 Nov 2019

@Joesph - can you add SGD directly to your GBP based Revolut card ?

Both cards work similarly in terms of top-up. In most cases, an OTP is required for authentication for top-up from the bank's side, using a common security system call 3DS.

Here is everything about me and what I do best.

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Question Poster

25 Dec 2019

I read somewhere that Revolut requires OTP during credit card top ups but my friend used Youtrip does not require any OTP during credit card (DBS) top up. So not sure whether Revolut needs OTP every single time. It can be a hassle when you are overseas and you dont have the sim with you
Pang Zhe Liang
Pang Zhe Liang

26 Dec 2019

Yes, I agree with you. I have both cards and haven't face such issues yet. I will do further testing and write a blog review on each card in the near future (I have a trip upcoming next week). Do consider to like and follow me on my Facebook Page and subscribe to my blog's newsletter if you are keen to find out more on the real world test.
Krista
Krista
Level 5. Genius
Answered on 05 Nov 2019

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! :)

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Kelly Trinh
Kelly Trinh

05 Nov 2019

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

The OTP is triggered by the bank that issues the credit card you are using to top up. Revolut and YouTrip can't control that

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Grace Tan
Grace Tan
Level 2. Rookie
Answered on 22 Jan 2020

I use both. :) YouTrip requires OTP only for the first few times. For Revolut, I no longer get OTPs after several top-ups - more than YouTrip, but not a hassle in time.

(I assume hassle because we switch SIMs when overseas, which makes OTP tough at times.)

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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.

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Kelly Trinh
Kelly Trinh

05 Nov 2019

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

06 Nov 2019

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!
PV
Padmanaban Venkatesan
Level 2. Rookie
Answered on 01 Feb 2020

I am using Revolut and YouTrip as well. The top-up process is similar for both cards. OTPs are sent to YouTrip to verify your device when launching the app if you haven't used the app for some time. No OTPs are sent in Revolut. Apple Pay top-up is supported only in the Revolut.

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Sandy Khoo
Sandy Khoo
Level 3. Wonderkid
Answered on 10 Feb 2020

I use both as well. for revolut it is good as you can withdraw cash at ATMs in your travelling destination while youtrip requires a 5 dollar fee. both uses apple pay to top up and just need your fingerprint which is very easy. however if there are any issues, then youtrip has faster customer service compared to revolut. my suggestion is to just get 2 cards.

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