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-   -   Multi Currency Credit Card ["Revolut"] (https://www.englishforum.ch/finance-banking-taxation/240252-multi-currency-credit-card-revolut.html)

adrianlondon 05.05.2016 13:21

Re: Multi Currency Credit Card
 
Quote:

Originally Posted by kart0ffel (Post 2584103)
Does someone have a Promo code that I can use

I used "MSE" a couple of months ago, which gave me a whopping 5 quid.

Mikers 05.05.2016 13:43

Re: Multi Currency Credit Card
 
just an interesting point here. when im topping up currently the "verified by visa" screen is being presented, however you cant enter anything in it - it isnt resized to fit on an iphone 5s and you cant scroll around = you literally cant enter it and payment is refused!

infurating.

Mike

kart0ffel 05.05.2016 16:45

Re: Multi Currency Credit Card
 
I'm trying to open my account but I don't receive the SMS code. And the promo code doesn't work :(


Anyway I will keep trying as I find the idea very interesting,..

soswiss 05.05.2016 20:37

Re: Multi Currency Credit Card
 
Quote:

Originally Posted by kart0ffel (Post 2584103)
Does someone have a Promo code that I can use?



ps. why I can't edit my previous psot? :'(

MSE still works but you will get the bonus after 1000 GBP in top-ups.

kart0ffel 10.05.2016 17:43

Re: Multi Currency Credit Card
 
MSE doesn't work to me.. And I don't receive the sms for registering. I know this is not an IT support forum but did someone experiment the same issues? Did you register with a swiss phone number?


Enviado desde mi iPhone utilizando Tapatalk

The_Love_Doctor 21.05.2016 10:22

Re: Multi Currency Credit Card
 
The new version of the app (2.4.3) now allows you to email yourself / print monthly statements... Not a ground breaking feature but a necessary one if you need statements for whatever reason.

More info: http://revolutapp.tumblr.com/post/14...ble-statements

roegner 19.06.2016 10:05

Re: Multi Currency Credit Card ["Revolut"]
 
Thanks everyone for bringing this up. Have just opened the account, scanned in my passport etc (and one horrible selfie.....) and will send some money over to use when we are on holidays in the UK.
So far it went really smoothly so hope it stays that way.

As mentioned by others, it would be really nice if they would add the CHF!

Edit: Your identity has been successfully verified. That was fast!

roegner 21.06.2016 20:59

Re: Multi Currency Credit Card ["Revolut"]
 
Update: I transfered some EUR to the card this morning, got a message this evening the funds were credited. Good!

Now for the next test soon: paying in GBP :)

ChrisNeedsToKnow 21.06.2016 21:06

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by roegner (Post 2610419)
Update: I transfered some EUR to the card this morning, got a message this evening the funds were credited. Good!

Now for the next test soon: paying in GBP :)

When using the card in the UK in GBP you can't get DCC'd, because it's detected as a domestic card.

You can swap your EURs into GBP now and spend 1:1 in GBP, or leave your balance in EUR and see automatic swapping happening as you spend.

I guess the change now / change later issue is a trading question, not a Revolut question. But you now have options. :)

kart0ffel 25.06.2016 05:55

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by ChrisNeedsToKnow (Post 2610424)
When using the card in the UK in GBP you can't get DCC'd, because it's detected as a domestic card.

You can swap your EURs into GBP now and spend 1:1 in GBP, or leave your balance in EUR and see automatic swapping happening as you spend.

I guess the change now / change later issue is a trading question, not a Revolut question. But you now have options. :)



Why would you want DCC, that would kill the whole idea of the revolut card as exchange rate would be set by a 3rd party, right?


Enviado desde mi iPad utilizando Tapatalk

adrianlondon 25.06.2016 11:46

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by kart0ffel (Post 2612701)
Why would you want DCC, that would kill the whole idea of the revolut card as exchange rate would be set by a 3rd party, right?

You didn't understand the post you were quoting.

daffy99 25.06.2016 12:29

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by ChrisNeedsToKnow (Post 2610424)
you can't get DCC'd

Isn't there a requirement to always being asked at the POS? At least that's what is happening to me all the time.

Insofar "can't get DCC'ed" would rather be "mistakenly choose to use DCC"? (On the other hand, last I checked, Amazon was pre-selecting DCC, which I consider Bad Boy Behaviour)

adrianlondon 25.06.2016 12:48

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by daffy99 (Post 2612794)
Insofar "can't get DCC'ed" would rather be "mistakenly choose to use DCC"? (On the other hand, last I checked, Amazon was pre-selecting DCC, which I consider Bad Boy Behaviour)

Yep - Amazon.de hid (ie I didn't spot it) the fact it was going to charge my credit card in GBP instead of EUR last time I used it. I discovered it when the confirmation email came, so cancelled the order (which is instant) and re-ordered more carefully.

Phil_MCR 11.07.2016 11:55

Revolut investment round
 
£1m reserved for users. If you're interested in investing, please send me a PM with your phone number and I will connect with you! ;)

roegner 11.07.2016 11:56

Re: Revolut investment round
 
I saw a message popping by (from Revolut) but can´t find it?

Phil_MCR 11.07.2016 12:17

Re: Revolut investment round
 
Quote:

Originally Posted by roegner (Post 2621772)
I saw a message popping by (from Revolut) but can´t find it?

To get on the investment list, you need at least 6 contacts on revolut (hence my OP) ;)

The_Love_Doctor 11.07.2016 14:06

Re: Multi Currency Credit Card ["Revolut"]
 
1 Attachment(s)
So Revolut, is looking for investors! (More info: Investment Page)

Apparently they are offering regular customers a chance to invest a total of £1'000'000!

Their presentation (attached) is also interesting regarding their plans for the next few months, which includes accepting CHF and a host of other currencies as top up currencies! :msncool:

Anyone else thinking of investing? There are risks involved (see FAQs) with investment in a company like this so this is by no means a post to encourage others to invest but I believe it's a nice gesture if indeed the customers are offered the chance to invest at an early stage along with big VCs.

Phil_MCR 11.07.2016 14:13

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2621849)
So Revolut, is looking for investors! (More info: Investment Page)

Apparently they are offering regular customers a chance to invest a total of £1'000'000!

Their presentation (attached) is also interesting regarding their plans for the next few months, which includes accepting CHF and a host of other currencies as top up currencies! :msncool:

Anyone else thinking of investing? There are risks involved (see FAQs) with investment in a company like this so this is by no means a post to encourage others to invest but I believe it's a nice gesture if indeed the customers are offered the chance to invest at an early stage along with big VCs.

I've pre-registered, but there's an additional barrier or having to have at least 4 (now 6) connected contacts on Revolut. I was thinking we probably have enough EF users here to connect with each other and qualify.

http://www.englishforum.ch/finance-b...ent-round.html

I couldn't find the company on crowdcube, but potentially it could qualify for EIS relief.

roegner 11.07.2016 14:17

Re: Revolut investment round
 
PM sent

Phil_MCR 11.07.2016 14:25

Re: Multi Currency Credit Card ["Revolut"]
 
OK. I found that I have 2 contacts on revolut and need 10 more. I'm guessing this will increase as time goes on.

The_Love_Doctor 11.07.2016 14:25

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2621857)
I've pre-registered, but there's an additional barrier or having to have at least 4 (now 6) connected contacts on Revolut. I was thinking we probably have enough EF users here to connect with each other and qualify.

http://www.englishforum.ch/finance-b...ent-round.html

I couldn't find the company on crowdcube, but potentially it could qualify for EIS relief.


I've asked for your thread to be merged with this one and sent you a PM.

I am already on the list so far but I could easily be pushed out if the majority that meet the £1mil have more Revolut contacts than I do :eek:.

I am in no rush to invest in them to be honest, looks like they have a lot of people ready to throw cash at them, and although I think it's a great business, I don't know how they will manage the money so not gonna go out of my way to invest in them.

Phil_MCR 11.07.2016 14:41

Re: Multi Currency Credit Card ["Revolut"]
 
OK. The £1m on offer is already oversubscribed by 6x and requires (currently) 12 contacts - I guess 16+ as time goes on.

The_Love_Doctor 11.07.2016 14:43

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2621871)
OK. The £1m on offer is already oversubscribed by 6x and requires (currently) 12 contacts - I guess 16+ as time goes on.

Yeh it's insane :D

I mean this is only day 1!!!! The deadline is the 18th, I will not be annoying all my friends just to get them to sign up, so that I can invest in something that might or might not make any money! :msnsick:

The_Love_Doctor 11.07.2016 21:13

Re: Multi Currency Credit Card ["Revolut"]
 
This is looking more and more like a marketing stunt rather than a funiding exercise... They are clearly not short of people willing to support them financially.

Oh well I guess none of us will get a chance to have a share of the business that we love to use but at least we can be a part of the "experience"? :msnsarcastic:

Really hope this doesn't backfire on them! :D

ChrisNeedsToKnow 11.07.2016 21:42

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2622044)
They are clearly not short of people willing to support them financially.

Other companies, especially in the financial sector, could learn: Offer simple products which are worth their money = success


Quote:

Originally Posted by The_Love_Doctor (Post 2622044)
Really hope this doesn't backfire on them! :D

Having said the above, I hope so, too. It does seem more like a marketing stunt. Or they didn't think it through and didn't expect that much uptake.

With the current amount on the table they don't need any VCs.

But then again - would they all go through?

A bit of a mistery here!

Phil_MCR 11.07.2016 22:07

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2622044)
This is looking more and more like a marketing stunt rather than a funiding exercise... They are clearly not short of people willing to support them financially.

Oh well I guess none of us will get a chance to have a share of the business that we love to use but at least we can be a part of the "experience"? :msnsarcastic:

Really hope this doesn't backfire on them! :D

It's clearly just for marketing, it doesn't really make sense for them to take small shareholders. Esp. not through crowdcube.

The_Love_Doctor 11.07.2016 23:28

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2622061)
It's clearly just for marketing, it doesn't really make sense for them to take small shareholders. Esp. not through crowdcube.

You don't think they will go through with it in the end?

I believe they will, I mean it's a kind of pre-IPO valuation although an IPO might be a long way away... Will be interesting to see how much equity they will actually release in return for £1mil, 1%??? :eek:

I have limited to none existant knowledge when it comes to valuation, with any knowledge based purely on watching dragen's den :msntongue:

I like the product because I know how much money it saves me, but would I put money into it? It's a completely different ball game. A major player could buy them out or worse still replicate what they're doing...

That coupled with a fact I have no experience in this field (frankly noone does), I would rule myself from any investment other than a few hundred franks worth of a pure punt.

Phil_MCR 12.07.2016 00:03

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2622109)
You don't think they will go through with it in the end?

I believe they will, I mean it's a kind of pre-IPO valuation although an IPO might be a long way away... Will be interesting to see how much equity they will actually release in return for £1mil, 1%??? :eek:

I have limited to none existant knowledge when it comes to valuation, with any knowledge based purely on watching dragen's den :msntongue:

I like the product because I know how much money it saves me, but would I put money into it? It's a completely different ball game. A major player could buy them out or worse still replicate what they're doing...

That coupled with a fact I have no experience in this field (frankly noone does), I would rule myself from any investment other than a few hundred franks worth of a pure punt.

I think they will go through with it. But the £1m is just for marketing. They could have offered the full £8m to VCs without problem (they already signed up £7m in VC money).

To be honest, it would have made more sense for them to offer only to pre-existing CrowdCube customers - though I guess any potential investor will need to sign up with CrowdCube anyway.

FrostByte 13.07.2016 01:43

Re: Revolut investment round
 
Need 19 more. I'll send pms to both of you

The_Love_Doctor 13.07.2016 17:10

Re: Multi Currency Credit Card ["Revolut"]
 
So just a small update on the investment round announcement...

The number of contacts required to be on top of the list of the people, who are basically gonna get first refusal of the investment proposition, is now 26 :eek: with 5 days to go and £14 million pledged!

The number of people meeting the 26 contacts requirement is 189 which means on average the pledge is around £5000!

Phil_MCR 13.07.2016 19:22

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2623045)
So just a small update on the investment round announcement...

The number of contacts required to be on top of the list of the people, who are basically gonna get first refusal of the investment proposition, is now 26 :eek: with 5 days to go and £14 million pledged!

The number of people meeting the 26 contacts requirement is 189 which means on average the pledge is around £5000!

I think I'm out. 8 contacts I could have gone for but 26+. come on. a bit of a hassle.

The_Love_Doctor 13.07.2016 20:04

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2623086)
I think I'm out. 8 contacts I could have gone for but 26+. come on. a bit of a hassle.

I have 15 so far including 3 from EF. The rest I personally referred :eek:

By the they posted a message saying that they might cap the amount that can be invested so that might let others into the top and also given that not all the pledges will go through I guess there might be some further chances down the line.

Not gonna try and get anyone to sign up to be honest just for the sake of being able to invest, didn't eveb bother with contact invites.

beroot 14.07.2016 18:16

Re: Revolut investment round
 
Hey guys,

I am really interested in investing in Revolut too.

I will PM you!

Troublawesome 14.07.2016 18:37

Re: Revolut investment round
 
Ohh more new users with 1 post who are interested in investing!! Great!!

BAN THEM ALL :mad:

Phil_MCR 14.07.2016 19:14

Re: Revolut investment round
 
Just an update that I've pretty much given up on doing this given that the contact requirements have shot up. A number of PMs have asked me to share my existing contacts.

Needless to say, I think the phone numbers exchanged are something to be respected as private and not exchanged freely so anyone wishing to to exchange numbers can maybe post here and exchange between each other via PMs.

roegner 14.07.2016 19:46

Re: Revolut investment round
 
Quote:

Originally Posted by Phil_MCR (Post 2623655)
Just an update that I've pretty much given up on doing this given that the contact requirements have shot up. A number of PMs have asked me to share my existing contacts.

Needless to say, I think the phone numbers exchanged are something to be respected as private and not exchanged freely so anyone wishing to to exchange numbers can maybe post here and exchange between each other via PMs.

Thanks, appreciate your not sharing!

Phil_MCR 14.07.2016 21:48

Re: Revolut investment round
 
Just got a message that they reduced my investment amount and now the maximum you can invest is £5k. This basically means more people can invest and the contact requirements have been reduced.

The_Love_Doctor 15.07.2016 00:17

Re: Multi Currency Credit Card ["Revolut"]
 
A few developments on their facebook page today... :eek:

First someone pretended to work for them and started contacting people to try and get their details and worst still to maybe try and get them to invest! (Not clear)

Then they finally announced that they've set a cap on the investments to allow more people to be a part of it! :msntongue:

Phil_MCR 15.07.2016 00:25

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2623745)
A few developments on their facebook page today... :eek:

First someone pretended to work for them and started contacting people to try and get their details and worst still to maybe try and get them to invest! (Not clear)

Then they finally announced that they've set a cap on the investments to allow more people to be a part of it! :msntongue:

It probably makes more sense to split off these posts onto the other thread to stop polluting this one.

The_Love_Doctor 15.07.2016 09:49

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2623747)
It probably makes more sense to split off these posts onto the other thread to stop polluting this one.

Maybe you're right :)

Will stop posting anything related to this investment thing on here.

But stop creating new threads about it! and please no more polls! :msntongue:


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