Klarna Max vs Revolut Ultra
I’ve used Revolut for years. Switched my daily card to Klarna last week. Comparing top tiers:
Klarna Max — €44.99/monthly
1.0% cashback in cash on all EU spend — with no monthly cap
Cashback up to 7–15% at integrated partner retailers in-app
20+ lifestyle & utility subscriptions: NordVPN, NYT, ClassPass etc.
Unlimited airport lounge access (LoungeKey, 1,600+)
Global travel insurance + Cancel For Any Reason (70% reimbursement)
GHA DISCOVERY Titanium elite hotel status
16g precision-cut metal card
Points redeemable 1:1 as cash to bank account or convertible to Air France-KLM Flying Blue, BA Avios, United, Turkish, Accor, IHG
Native BNPL ecosystem integrated directly into checkout flows
Revolut Ultra — €65/monthly
0.1% cash in the EU / 1% non-EU (or RevPoints rewards; cash capped at monthly fee)
Business & lifestyle bundle: Financial Times Premium, WeWork passes, ClassPass, NordVPN
Unlimited lounge access (DragonPass), multi-cover travel insurance, platinum-plated metal card
Full multi-currency banking (30+ currencies at interbank rates), global transfers, stock/ETF brokerage, money market funds
The Breakdown
Klarna wins by a mile on cash back (1% hard cash on all spend vs Revo points) and on retail rewards, everyday EU spending economics and on BNPL (which Revo doesn't have meaningful presence for).
The rest (including support quality) is more or less on par with Revo (btw who needs the brokerage from Revo if you have IBKR)
These tiers just relaunched by Klarna. Paying subscribers went from ~250k to 2m over the past year — and that's before the new lineup. Revolut proved a European fintech can scale a paid membership into billions of value. Klarna is running the same playbook with 120m warm users already inside the funnel and near-zero acquisition cost. I don't see what stops it.
$KLAR, I'm long.