Nope - it just treats it as a new transaction paid back to your card.
It’s nice that they’re offering cashback - but it’s definitely the way they’ve implemented it has been ‘cobbled together’ with duct-tape and sticky-back plastic.
It’s not as well implemented as Chase. But it’s ‘free’ (ish) money. And you get more from Algbra per transaction (if on Apple/Google Pay) so I can live with it.
And I have a lot less conflicting ethical issues with Algbra vs Chase.
The fact that you can earn cashback on rent with Algbra is cool
I’ve got to say Algbra take forever to give you the cash back.
Still waiting on cash back from 7 days ago.
Maybe I’ve been lucky, mine was within a couple of working days of the payment clearing.
Yeah I got it.
Yeah still not fixed damn
Indeed. This issue has been going on for over a week in my case, I’ll switch back to Chase if this continues.
I have transactions dating back to May 4th for which I have not received cashback.
In and of themselves it’s a fairly trivial amount but frustrating just the same.
I reveived the email as others did but no further communication.
I chased this myself and had a response Yesterday basically telling me to bear with, but this morning I had loads of cashback show up, so they’ve presumably worked through the backlog.
Not sure I trust them to keep going without another lull though
Edit: typo
Cashback from May 4th until 2 days ago has appeared in my account this morning.
I will probably persevere with them, because I’d like them to thrive and be a success.
Likewise, my cash back has just appeared, around £10 which is quite nice to see.
I’ll continue using them seeing as they resolved this issue.
Received cashback yesterday (20th) for transactions on 16th
I asked live chat (who were quite responsive I must say) about a few things namely whether they had an intent to become a bank, and connecting to budgeting tools. If they did the latter I’d serious consider them being my return to fintech.
Sadly it was a no and not too sure but I did think the below was a little poorly worded. EMIs (Revolut are similar) really do need to better explain what safeguarding actually is.
Until the administrators take over and take a cut from all the safeguarded funds, the funds are 100% yours.
This it the point. They really should be more clear (EMIs generally) on this point.
It really should, but I guess wording and choice of what to make very clear etc can impact confidence.
Surprisingly though. I do see many people through work who have revolut accounts, no specific age demographic either. Many elderly folk for sure.
Is that because they feel Revolut are too big to fail now? Or the size of the organisation engenders an element of trust?
The customers I deal with at work (a high street bank, fraud) are generally happy with Revolut.
Generally older folk are more inclined to stick with a high street bank cuz FSCS or ease of service, but it is enlightening to see those who frequent revolut.
Terribly worded. If you didn’t know better then you’d think you’re getting better protection by not being a bank, which is far from the case.
