Innovations and Payment Systems

Crypto cash back? This London firm is making it happen


Revolut’s Metal card will offer cash back in the form of traditional currency or cryptocurrency, along with perks such as concierge service and travel insurance

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we may receive compensation when you click on links to products from our partners. Learn more about our advertising policy.

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

Cryptocurrencies like bitcoin have had an uneasy relationship with credit cards.

Big-name credit card issuers in the U.S., Canada and the U.K. such as Bank of America, Chase and Citigroup have barred cryptocurrency purchases by cardholders.

But now, cryptocurrency and bank cards are being married as part of a new concept in Europe.

A London-based fintech startup called Revolut has rolled out a debit card – one made of black reinforced steel, no less – with cash-back rewards that can come in the form of traditional currencies, such as euros or U.S. dollars, as well as bitcoin and four other cryptocurrencies.

Purchases made outside Europe on the Revolut Metal card will earn 1 percent cash back, according to a report by TheNextWeb, while purchases made within Europe gain only one-tenth of that amount.

Revolut Metal does come at a cost. The contactless card charges an annual fee of \xa3120 ($140) or a monthly fee of \xa312.99 ($15). However, the card’s perks include concierge services, free travel insurance, disposable virtual cards and even cryptocurrency trading.

See related: Bitcoin credit cards? Mastercard patent suggests it’s possible  

Based on those numbers, if you use the card outside Europe, you could score cash-back rewards above and beyond the fees. But if you use the card within Europe, the fees likely will exceed any cash-back rewards.

“We see Revolut Metal as an essential lifestyle product for people of all ages and incomes, ranging from digital nomads to everyday working professionals,” a Revolut representative told TheNextWeb.

For now, Revolut Metal is available only in Europe, where the initial batch of 10,000 cards went to Revolut’s “premium” customers. Revolut does plan to enter the U.S. market later this year, but it’s unclear whether the crypto-reward feature would be available in the States.

What’s up next?

In Innovations and Payment Systems

Save on big city travel with multi-attraction passes

Multi-attraction passes in places such as New York City, Rome and Southern California can help you save money and skip long ticket lines.

Published: August 17, 2018

See more stories
Credit Card Rate Report Updated: September 11th, 2019
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.