Revolut Premium
Not a credit card — but the best card for everyday spending in Cyprus
Score Breakdown
Last updated: March 2026
Quick Facts
Full Fee Table
| annual Fee | €119.88 (Premium) / €191.88 (Metal) |
| monthly Fee | €9.99 (Premium) / €15.99 (Metal) |
| fx Fee | 0% |
| atm Fee | Free up to €400/mo (Premium) |
| apr | N/A — prepaid card |
| cash Advance Fee | N/A |
| late Fee | N/A |
Revolut Premium is not a traditional credit card — it's a prepaid/charge card. This means it may be declined at some car rental companies and hotels that specifically require a credit card for the deposit hold. For everything else — daily spending, international transfers, travel — it's outstanding.
🎯 Best for: New arrivals who want instant access & daily spending
Overview
Revolut is the card most newcomers to Cyprus already have or open first. The free Standard plan is a solid daily spending card; Premium and Metal add travel insurance, lounge access, and cashback. The critical caveat: Revolut is a prepaid card, not a credit card. This matters at car rental desks and hotels.
Fees & Costs
The Standard plan is free. Premium costs €9.99/month and Metal €15.99/month. Given the 0% FX fees, Premium pays for itself if you make regular currency conversions or travel frequently. For pure Cyprus daily spending, the Standard free plan is sufficient.
Card Acceptance
Revolut is accepted as a standard debit/prepaid card everywhere Visa/Mastercard is accepted — shops, restaurants, online purchases. The problem is car rentals and hotels, which often specifically require a credit card for the deposit hold. Some Cyprus rental companies accept Revolut; many do not. If car rental is a priority, get Bunq too.
Perks & Rewards
Premium includes travel insurance (medical, trip cancellation), limited airport lounge access via LoungeKey, cashback on selected purchases, and disposable virtual cards. Metal adds higher cashback, premium metal card, and concierge service.
Our Verdict
Revolut is the first card everyone in Cyprus should have — open it free before you move. But it is not a substitute for a credit card in situations that require one. Use Revolut for daily spending and pair it with Bunq for car rentals and hotel deposits.
✅ Pros
- ✓Opens in minutes — before you arrive in Cyprus
- ✓0% foreign transaction fees
- ✓Travel insurance included on Premium plan
- ✓Airport lounge access (limited) on Premium
- ✓Cashback on selected purchases
- ✓Best-in-class app (4.8 iOS)
- ✓Most widely used fintech card in Cyprus
❌ Cons
- ✗NOT a traditional credit card — may be declined at car rental desks
- ✗Does not build local Cyprus credit history
- ✗Premium costs €9.99/month — more than Bunq Core
- ✗Car rental and hotel deposit acceptance varies by company
- ✗No physical branches if issues arise
Who Can Apply
- →Valid passport or national ID
- →Selfie for identity verification
- →No Cyprus address required
- →No proof of income required
- →Available in Cyprus and EU
How to Apply
- 1 Download the Revolut app
- 2 Sign up with email and phone
- 3 Scan your passport or ID
- 4 Take a selfie for KYC
- 5 Upgrade to Premium in the app (Settings → Plan)
- 6 Card active immediately — physical card arrives in 5–7 days
Get Revolut Premium
Open your account in minutes — no branch visit required.