Multi Currency Cards
Asked on 13 Oct 2019
What are the Pros and Cons of using YouTrip and Revolut? Which one would you recommend?
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.
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.
YouTrip - Basic one-way multi-currency wallet
Revolut - Two-way multi-currency wallet with budgeting, analytics, peer-to-peer payments functionalities, and more!
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!
You may refer to following:
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!
02 Oct 2019
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.
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25 Dec 2019
26 Dec 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! :)
05 Nov 2019
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
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.)
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.
8 more comments
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.
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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