Revolut announced a new product yesterday that will allow customers to gain cash back rewards in the form of cryptocurrency. Users of the metal debit card will receive 1% cash back on transactions outside of Europe, or 0.1% cash back on transactions within Europe. Users will have the option of withdrawing this cashback in either fiat or crypto.

The new card will be a premium service available to existing members of Revolut’s premium service. Members will be able to withdraw their 1%, or 0.1%, cashback in either EUR, USD, BTC, or ETH. The smaller cashback fee in Europe is due to the fact that Europe has significantly lower card processing fees than other parts of the world, so the card is only a good deal for users located outside of Europe.

The new card, which is called Revolut Metal, will allow customers to have a higher ATM withdraw limit of up to 600 EUR/GBP without any fee, which is 200 higher than the existing limit for Revolut Premium customers. MasterCard will be the payment processor for the new metal card service.

Revolut Metal has high annual fees of 135 Euros per year, meaning that users will have to spend a significant amount of money each year to walk away profitable after receiving their cashback rewards. This being said, it does appear that the draw of the card is the fact that it is made of metal, and that this is what users will be paying for.

Revolut CEO, Nik Storonsky, spoke about Revolut Metal, saying:

“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.”

Revolut is not the only company to offer a metal card. N26 offers a slightly more expensive metal card, but it has better rewards, and partnerships with companies like WeWork, Hotels.com, and Drivy.

As of now, Revolut Metal is limited to the first 10,000 approved applicants who are already premium subscribers, but the company will be offering more cards to users in the coming months.