Revolut Metal will offer up to 1% cashback in cryptocurrency or fiat on all card transactions made outside of Europe, and 0.1% cashback on transactions made inside Europe.

Some 10,000 cards are available now for Premium customers, who will be able to receive this cashback in any of Revolut's 25 supported fiat currencies or five cryptocurrencies, which includes Bitcoin.

The new debit card offers customers free international ATM withdrawals of up to £600 per month as well as unlimited foreign exchange, free international money transfers and overseas travel insurance.

It will also feature a dedicated concierge service for booking everything from flights to festival tickets.

Revolut plans to improve the package further with benefits such as wholesale rates at international airport lounges, family accounts, unlimited disposable virtual cards and incentives for its commission-free trading platform, which is set to launch soon.

Metal subscription fees are £12.99 per month or £120 if paying annually.

Nik Storonsky, founder and CEO of Revolut, said: “We are absolutely convinced that Revolut Metal will be the exclusive card of the future and an absolute must for travellers worldwide.

“While the plan already comes with a bunch of new features, there is so much more to come, including commission-free trading and airport lounges.

“The launch of Revolut Metal is also an important step towards the company generating additional revenue, especially as we prepare to launch a commission-free trading platform and expand the business into North America and Asia later this year.”

Darren Deal, vice president of prepaid cards at Mastercard UK and Ireland, added: “We are excited to partner with Revolut on its prestigious new metal card.

“From its unique look and feel, to its impressive range of cardholder benefits – combined with Mastercard’s trusted global acceptance – it becomes a compelling offer to all regular overseas travellers.”