The credit card offering up to 30% immediate cashback at 600+ London restaurants*

Revolut has launched a new cashback feature that allows you to get up to 30% cashback when you wine and dine at one of over 600 London restaurants. We take a look.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

Road trip. Father and son travelling together by car

Image source: Getty Images

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

Just a few weeks after UK fintech giant Revolut launched a new travel feature, Stays, that allows users to book a holiday and get up to 10% cashback, the company has introduced yet another dazzling cashback feature for its users. The new feature, called Restaurant Rewards, grants you up to 30% immediate cashback when you eat at any of over 600 London restaurants.

Here’s what you need to know about this enticing offer and how you can take advantage of it.

[top_pitch]

What is Revolut’s new cashback offer at London restaurants?

To celebrate the lifting of lockdown restrictions in the UK, Revolut has partnered with some of the most popular restaurants in London to offer users up to 30% cashback when they pay their bill*. 

Revolut says it will be rolling out its new Restaurant Rewards scheme across the UK in 2021, with other European cities to follow.

How does the new offer work?

It’s very simple. Once you’ve finished your meal at any of the participating London restaurants, simply open the Revolut app and go to ‘Revolut Rewards’. Next, select the pub, restaurant or coffee shop you’re eating at. Finally, tap to activate the reward and then pay with your Revolut card. You will receive cashback into your Revolut account in just a few seconds.

What’s more, when you eat at participating restaurants in London, you can even opt to split the bill with your friends using the popular Revolut feature that allows you to divide an expense with your Revolut contacts and receive money back easily and quickly. 

Commenting on the scheme, Mikael Peydayesh, lead product owner at Revolut, said: “At Revolut, we are all about giving our customers more. We know how challenging lockdown has been for the nation, and so we wanted to create an easy way to allow our customers to get more from their money while celebrating the return to normal life.

“We are also very proud to support the restaurant industry – from independent businesses to bigger chains – after a very difficult year. So, why not raise a glass and make a toast in one of the restaurants available with Revolut’s Restaurant Rewards and get cashback instantly after paying the bill?”

[middle_pitch]

How many London Restaurants are participating?

Over 600 London restaurants, pubs, bars and coffee shops are part of the new scheme. These include popular names such as:

  • Madison
  • Sky Garden
  • Radio Rooftop
  • Hawksmoor
  • Five Guys
  • SushiSamba
  • Zuma
  • Bluebird
  • Pret
  • Flat Iron Steak

Here are examples of what you could save at two London restaurants by taking advantage of Revolut’s new Restaurant Rewards scheme:

  • £98.14 a year on daily coffee from Pret.
  • £22.50 on a 300g rib-eye steak and a bottle of wine at Flat Iron.

How do I join Revolut?

If you don’t already have an account with Revolut, don’t worry, it’s quite easy to create one.

Just head over to the Revolut website and enter your phone number. You’ll receive a text with a link to download the Revolut app.

Once you’ve downloaded the app, you will need to provide a few details and documents to verify your identity. Once you’ve done so and everything has been approved, your account will be activated. You can then request your Revolut prepaid card, which you should receive in a matter of days.

After that, you’re all set to take advantage of up to 30% cashback at a number of London restaurants*.

*Terms and conditions apply.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

More on Personal Finance

Note paper with question mark on orange background
Personal Finance

Should you invest your ISA in a model portfolio?

Which model ISA portfolios offer both high performance and low fees? Hargreaves Lansdown, Interactive Investor and AJ Bell go under…

Read more »

Economic Uncertainty Ahead Sign With Stormy Background
Personal Finance

Is it time to exit emerging markets investments?

Investors may well be sitting on losses from emerging markets funds. Is it worth keeping the faith for a sustained…

Read more »

Personal Finance

Share trading? Three shares with turnaround potential

Share trading has been difficult in 2022, but which companies have turnaround potential? Jo Groves takes a closer look at…

Read more »

Man using credit card and smartphone for purchasing goods online.
Personal Finance

Revealed! Why Gen Z may be the savviest generation when it comes to credit cards

New research reveals that Gen Z may be the most astute when it comes to credit cards. But why? And…

Read more »

Environmental technology concept.
Personal Finance

The 10 best-performing sectors for ISA investors

The best-performing sectors over the past year invested in real assets such as infrastructure, but is this trend set to…

Read more »

Road sign warning of a risk ahead
Personal Finance

Recession risk ‘on the rise’: is it time for investors to worry?

A major global bank has suggested the risk of a recession in the UK is 'on the rise'. So, should…

Read more »

pensive bearded business man sitting on chair looking out of the window
Personal Finance

1 in 4 cutting back on investments amid cost of living crisis

New research shows one in four investors have cut back on their investing contributions to cope with the rising cost…

Read more »

Image of person checking their shares portfolio on mobile phone and computer
Personal Finance

The 10 most popular stocks among UK investors so far this year

As the new tax year kicks off, here's a look at some of the most popular stocks among UK investors…

Read more »