Personal Finance

Is the Revolut multi-currency card unavailable in Canada? Here are some alternatives

Piyush Singh

21.02.25

Read time 4 minutes

The Revolut® multi-currency card is no longer available in Canada, as Revolut left the Canadian market in March 2021.¹ However, there are plenty of alternatives!

We’ll explore some of the best Revolut multi-currency card alternatives for Canadians, including tips on saving money when you spend abroad.

We’ll also look at Wise – your international alternative. Spend your money across the world with your physical or digital Wise card.

We'll take a closer look at:
Alternatives to the Revolut multi-currency card in Canada Wealthsimple Cash Card Wise card: spend like a local KOHO Prepaid Mastercard CIBC Advantage debit card What is the best alternative to the Revolut multi-currency card in Canada?

Alternatives to the Revolut multi-currency card in Canada

Let’s look at some alternatives to the Revolut card in Canada, including key features, fees and pros and cons.

Wealthsimple Cash Card

The Wealthsimple® Cash Card is a prepaid travel Mastercard®. You can fund it using your Wealthsimple Cash account and use it to spend at global locations.²

Key features of the card:

Spend from any individual or joint Wealthsimple Cash account
No Wealthsimple ATM withdrawal fees (although the ATM provider may charge a fee)
Spend up to 5000 CAD per day²

Let’s take a look at some pros and cons of the Wealthsimple Cash Card.

Pros	Considerations
Use your card anywhere that accepts Mastercard	The card isn’t available in all countries – you can’t use your Wealthsimple card in Cuba, for example³
No foreign transaction fees for international payments	The payment network charges a currency conversion rate for foreign spending. This may include a markup on the standard exchange rate
Wealthsimple doesn’t charge for ATM withdrawals, but some machines may charge a fee²	Spending limits apply – 5000 CAD per day for purchases or 3000 CAD for ATM withdrawals²

Wise card: spend like a local

The Wise card is your handy alternative to the Revolut card in Canada. Whether you’re heading to India or shopping online from the US, Wise can help!

You can use your Wise card to:

spend in over 40 currencies
withdraw cash abroad
pay with Google® Pay and Apple® Pay

Wise aims to make your multi-currency spending as simple as possible. You can convert your Canadian dollars into over 40 currencies or pay in 160 countries without hefty transaction fees.

Wise always uses the fair mid-market exchange rate for foreign payments. This is the only fair rate out there – and you’ll never pay an added markup on your money.

If you were a Revolut Standard customer, you could withdraw up to 200 GBP for free. However, you can use your Wise card to withdraw up to 350 CAD over 2 withdrawals.

You would also pay an exchange rate markup to spend with your Revolut card abroad on the weekend.⁴

Let’s take a look at some pros and cons of using a Wise card abroad.

Pros	Considerations
It’s free to order a physical or digital Wise card – no ongoing subscription fees either	Wise is a fully digital service so you can’t access in-person customer support
Wise doesn’t charge a markup on the fair mid-market exchange rate for payments in foreign currencies	You can’t withdraw cash in Canada, but you can make global ATM withdrawals
You can spend up to 55,000 CAD or withdraw up to 7000 CAD per month	You’ll only get 2 free ATM withdrawals a month – spend with your card to save on cash withdrawal fees

KOHO Prepaid Mastercard

You can use your KOHO® Prepaid Mastercard anywhere that Mastercard is accepted, including shops, restaurants and tourist hubs in worldwide locations.

The KOHO Prepaid Mastercard is a credit card, meaning you can earn cash back on purchases without accruing credit card debt.. However, the card doesn’t accrue debt as it only uses the money you already have in your account.⁵

There are a few different KOHO account plans, including KOHO Essential, KOHO Extra and KOHO Everything. KOHO Extra and Everything customers can access no foreign transaction fees and a higher rate of interest.⁶

Here are some pros and cons of the KOHO Prepaid Mastercard:

Pros	Considerations
Earn cash back on some purchases	You may be charged 2 to 3 CAD per out-of-network ATM withdrawal⁷
No non-sufficient fund (NSF) fees if you don’t have money in your account	KOHO charges 1.5% on non-Canadian transactions⁸
The KOHO Prepaid Mastercard is accepted in over 24 million locations⁵	You’ll need a KOHO Extra or KOHO Everything plan to qualify for no foreign transaction fees—costing 9 CAD and 19 CAD per month, respectively.

CIBC Advantage debit card

You can use your CIBC® Advantage debit card to shop online or in person, including secure purchases around the globe.

All purchases draw directly from your CIBC account, and you can use the CIBC mobile app to change your PIN or lock your card anytime..¹⁰

Key features of the CIBC Advantage debit card:

Withdraw cash at any ATMs that display the Visa® or PLUS® logos
Add your card to your Apple Wallet, Google Wallet or Samsung® Pay
Pay your recurring bills¹⁰

Let’s take a look at some pros and cons of the CIBC Advantage debit card.

Pros	Considerations
Use your card anywhere that Visa® is accepted – including over 200 countries	For foreign currency purchases and cash withdrawals, CIBC will convert your Canadian dollars into the correct currency using their own exchange rate – plus a fee of 2.5%¹⁰
Get cash back on some transactions	You may need to pay an additional admin fee for withdrawals at non-CIBC ATMs abroad¹¹
Get access to exclusive deals and discounts, such as a 12-month Skip+ free trial¹⁰	Transaction limits don’t seem to be readily available online. These may vary for each user

What is the best alternative to the Revolut multi-currency card in Canada?

There are lots of popular alternatives to the Revolut card in Canada. You can use your Wealthsimple Cash Card, CIBC Advantage debit card, KOHO Prepaid Mastercard or Wise card to spend and withdraw cash across the world.

However, you’ll need to look out for foreign transaction fees if you want to use your cards abroad. For example, KOHO charges 1.5% on non-Canadian transactions.

Most providers will also charge a markup on the standard mid-market exchange rate for foreign currency purchases. These costs can add up if you regularly travel overseas.

Wise does things a bit differently. Spend in 160 countries without hidden exchange rate markups or currency conversion fees.

To start spending your money in freedom, check out Wise.

Sources

Betakit (Canadian startup news outlet)
Wealthsimple Cash card
Wealthsimple
Revolut pricing
KOHO prepaid Mastercard
KOHO plans
KOHO ATM
KOHO foreign exchange fees
KOHO accounts
CIBC Advantage debit card
CIBC Card fees
Sources verified on 21 February 2025

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.