Revolut Ultra (£660/year) and Klarna Max (£540/year) both promise lounge access, travel insurance, points, subscriptions and “thousands” in annual value.

But when you actually look under the hood, they’re very different products.

In this episode of Banking Without Borders, we compare:

• Rewards: RevPoints vs Klarna’s cashback-to-Avios system (and why the maths matters)
• FX & international spending: Visa rates vs Revolut’s margin
• Lounge access: 1,800 lounges vs DragonPass — and no free guests
• Travel insurance: the 72-hour booking rule, cancellation cover, and medical limits
• Car hire excess: £10,000 vs £2,000 (and the exotic vehicle exclusions)
• Subscriptions: Financial Times, The Times, ClassPass, WeWork, Audiobooks, ASMALLWORLD and more
• Who each plan actually suits

We also discuss whether Klarna Max feels like a finished product yet — and whether it could eventually become a full UK current account.

If you’re thinking about paying £500+ a year for a fintech membership, this episode will help you decide whether either of these plans genuinely justifies the price.

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Jan: https://www.linkedin.com/in/jan-watermann/

Jonny: http://www.linkedin.com/in/jonny-pease

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