Revolut launches instant cashback up to 3%

Revolut is launching up to 3 per cent cashback from retailers with its new in-app feature ‘Shops’.

Users in the UK and EEA will be able to search and browse products within the app from retailers such as Amazon and ASOS, big brands like Nike and Charlotte Tilbury, and shops like John Lewis and Boots.

Revolut recently announced a new subscription tier, Ultra, which sits above its existing Metal and Premium memberships and will be available in Spring 2023.

Some were left wondering whether new features from the fintech would now be exclusively available for this top-tier membership, but while Ultra will have benefits including 5 per cent cashback in the first month of joining, ‘Shops’ will be available to all customers.

“We’re proud to offer instant cashback, unlike other providers, which can take up to three months,” Revolut general manager of lifestyle products Christopher Guttridge said.

“As the cost of living rises, we are delivering ongoing product innovations aimed at meeting our customers’ everyday financial needs and aspirations, whilst giving them more financial control. Shops helps our customers get the most out of every penny with cashback rewards.”

Customers have to make sure they start their shopping journey from the Revolut app to take advantage of the new instant cashback and pay in full with their Revolut card.

The cashback is automatically and instantly applied at checkout, and all products from the brands and retailers listed on the app are eligible for cashback.