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How to Cancel Revolut Premium

Revolut Premium adds travel insurance, airport lounge access, and higher limits. You can downgrade in the app at any time. Your account and card remain active on the Standard plan.

Easy
Banking

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Quick Facts

Monthly cost
£7.99/mo
£95.88/year
Cancel online?
Yes
Pause option?
No
Refund policy
No refunds for the current billing period. You revert to the Standard plan at the end of the period.
After cancellation
Your account, transaction history, and cards are fully retained on the Standard plan. You just lose premium perks.

Cancellation Steps

Go directly to Revolut Premium cancellation page

  1. Open the Revolut app

    Launch the Revolut app and tap the profile icon.

  2. Tap your plan

    Under your current plan, tap to view plan details.

  3. Select "Downgrade"

    Choose to downgrade to the Standard (free) plan.

  4. Confirm the change

    Follow the prompts to confirm. Premium features end at the end of your billing cycle.

Tips & Things to Know

  • Travel insurance cover ends immediately on downgrade — arrange alternative cover first.
  • Your metal card still works but you will not receive a replacement if it expires.
  • Junior accounts linked to your plan are not affected.

Your Consumer Rights

  • Under the Payment Services Regulations 2017, you can downgrade your banking tier at any time.
  • Travel insurance included with Premium ends on downgrade. Arrange alternative cover before downgrading if you are travelling.

Frequently Asked Questions

Can I downgrade Revolut Premium at any time?
Yes. Downgrade in the app at any time. You keep premium features until the end of the billing period.
Will I get a refund from Revolut Premium?
No partial refunds. The downgrade takes effect at the end of the current billing cycle.
What happens to my Revolut account after downgrading?
Your account continues normally on the Standard plan. Transaction history, cards, and balance are unaffected.
How long does Revolut Premium downgrade take?
About 3 minutes in the app. The change is effective at the end of the billing period.
Do I lose my metal card if I downgrade Revolut?
Your metal card continues to work but you will not receive a replacement when it expires. You can order a standard card.

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