Revolut vs Santander Unlimited: Which Brazilian Card Generates More Avios in 2026

The entry of Revolut into Brazil introduced a 1:1 transfer rate to the Avios program, while Santander Unlimited relies on a 2:1 conversion from its Esfera points. Santander’s rewards scheme adds tiered bonuses (15%, 30%, 50%) and frequent transfer promotions that can raise the effective conversion by 20%, 25% or 30%.

Without any bonus, Revolut Metal yields 2.5 Avios per US‑dollar spent and Revolut Ultra 3 Avios, outpacing even Santander’s International Unlimited at its highest tier. With a 20% transfer bonus, Santander Unlimited National at tier 4 reaches 2.7 Avios per dollar and International tier 4 climbs to 3.15 Avios, overtaking Revolut Ultra. The advantage grows with larger bonuses: a 25% boost lifts International tier 4 to 3.28 Avios, and a 30% boost to 3.41 Avios, making Santander the top earner in all scenarios.

Revolut also accrues points on debit transactions (1 Avios/USD for Metal, 1.5 Avios/USD for Ultra), something Santander Unlimited does not. Annual costs differ: Santander Unlimited is about R$2,199 per year; Revolut Metal costs roughly R$79.99 per month (≈ R$960 per year) and Revolut Ultra about R$250 per month (≈ R$3,000 per year). The optimal card for Avios accumulation depends on the presence and size of Santander’s transfer promotions.