Back in June 2023, Revolut launched Ultra in Europe and the UK, its top-tier membership that stacks additional lifestyle and travel benefits on top of Revolut’s core functions, such as better FX rates and fee-free ATM withdrawals.
Three years later, it looks like Ultra is being readied for launch in Singapore. While there’s no official announcement yet, new FAQs and T&Cs have been uploaded to the Revolut Singapore website, and the Revolut app is already accepting applications for Ultra.
At S$899 a year, this will be the most expensive debit card in Singapore by far, but with perks like unlimited lounge access, complimentary data roaming, subscriptions to ChatGPT, Financial Times, Foodpanda, NordVPN and ClassPass/WeWork credits, it’s certainly able to give premium credit cards a run for their money.
Overview: Revolut Ultra
The platinum-plated Revolut Ultra sits at the pinnacle of Revolut’s four-tier hierarchy.
 Ultra |
S$89.99 (S$80.99 for first 3 months) |
S$899 |
 Metal |
S$21.99 | S$219 |
 Premium |
S$10.99 | S$109 |
 Standard |
Free | Free |
Like all tiers, Ultra customers can choose between a monthly or annual subscription. The monthly plan costs S$1,053 in the first year (thanks to the introductory discount for the first three months), and S$1,080 thereafter, so the S$899 annual plan offers significant savings.
This is an interesting price point, as it places the Revolut Ultra between the S$120K and S$200K card segments — more expensive than a DBS Vantage (S$599.50) or Citi Prestige (S$651.82), but not as pricey as a StanChart Beyond Card (S$1,635) or AMEX Platinum Charge (S$1,712). This is worth keeping in mind, because it helps calibrate our expectations regarding benefits.
The option of monthly fees also gives the Revolut Ultra a key advantage over traditional credit cards, in the sense that you can subscribe when you need the benefits, and downgrade when you don’t.
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A one-month early cancellation fee (S$89.99) applies if you cancel within the first six months. There is no fee if you cancel after six months. In case you were thinking of pulling a fast one by getting an Ultra, using its lounge benefits and cancelling within the 14-day free look period, think again — you’ll be charged for the lounge visits you use during this period. |
Ultra cardholders also enjoy the highest interest with Flexible Accounts (up to 3.86% APY) and lowest exchange fees for crypto (0.49%), if that sort of thing interests you.
1.5% cashback (capped)
Revolut Ultra cardholders earn 1.5% cashback on all spending, capped at S$19.99 per calendar month (equivalent to S$1,332 of spending). The usual reward exclusions apply, such as charitable donations, education, insurance premiums, government services and utilities bills.
This isn’t very competitive for local spending, given that other cashback cards offer 1.6-2% — but you probably won’t be using the Revolut as your daily driver in Singapore anyway.
It’s significantly better for overseas spend, though it shouldn’t be a primary motivation for getting an Ultra, given that the cheaper Metal (S$219) and several fee-free cards offer the same 1.5% cashback.
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