plutus review

The monthly fee is £6.99 and Plutus runs a no annual fee model, so there is no separate annual charge to add. Loading the account in fiat is Free fiat deposit, so topping up adds nothing. Currency conversion is separate and costs 2.5%.

Plutus pays cashback through its cashback scheme, and the rate runs 3% to 9% depending on loyalty tier. The base rate on daily purchases is 3% back, with higher tiers paying more on the same spending.

The account is self custody, so you hold the keys rather than the platform. Custody is one of crypto, virtual card and self custody listed for the money account, alongside crypto and multi-currency. Support for questions runs through help centre, email and community.

The card type is debit and it runs on the visa network, so it works wherever that network is accepted. A virtual card is also part of crypto, virtual card and self custody, which suits readers who keep the main card offline.

The account is multi-currency and covers 2 currencies for holding and spending. A currency conversion fee of 2.5% applies when you spend outside those, which is the number to check before the card earns its keep.

Help runs through help centre, email and community, which is a help centre, email and a community rather than a phone line. Questions about the card or the money account can be raised in writing, and Plutus has been based in the United Kingdom since 2015.

Plutus trades as Block Code Ltd, and its terms also name Block Code LT UAB. The business is based in the United Kingdom and has been running since 2015, with the card and the money account sold under the Plutus name.

Plutus lists the card kind as credit and the card type as debit, so the two descriptions sit side by side on the same product. Readers weighing this against other debit cards should keep the wording in mind.

Plutus charges a monthly fee of £6.99, while bunq's standard plan is €0 and Wise is £0. The trade-off is the 3% to 9% cashback on everyday spending against a higher currency conversion fee of 2.5%.

Cost carries the lowest part of the overall picture: the cost score is 1.5 against an overall 1.5. Plutus sits at position 396 of 422 on monthly fee, so the subscription is the weak point rather than the card.