Revolut has scaled back one of its most popular perks for premium customers, affecting London-based remote workers. As of August 2026, some of WeWork’s most in-demand sites in London will no longer be bookable through Revolut’s Metal and Ultra subscription tiers, following a renegotiation between the two companies. The change also means that in major cities such as Paris, Brussels, Edinburgh, and Milan, paying Revolut subscribers will lose access to all WeWork locations.
How the perk worked and what has changed
Revolut’s Metal customers, who pay £14.99 per month, previously received one code per calendar month, valid for a single visit to WeWork spaces. Ultra customers, at £55 per month, had access to co-working spaces up to three times per month. Given that a WeWork day pass starts at £35, this benefit was highly valued among freelancers and remote workers. However, the renegotiation has led to a reduction in availability, with some London sites disappearing from the booking system.
According to the Financial Times, the changes took effect in August, although a comprehensive list of affected locations has not been published. Customers who notice that a previously bookable London WeWork has vanished are not mistaken. The move is part of a broader downscale of the perk, which has been a key selling point for Revolut’s premium tiers.
Reasons behind the cutback
WeWork has cited ‘economic factors’ as the reason for the change, specifically pointing to ‘increased occupancy levels and demand’ in certain locations. The company decided to prioritise day-passes for customers paying full price, rather than offering discounted or free access through Revolut. Instead of withdrawing the benefit entirely, the two firms renegotiated their deal, resulting in the current reduced access.
WeWork, originally founded in New York in 2010, has a larger presence in the US, which means European customers were already at a disadvantage in finding hot desks. This news comes as a blow to Revolut subscribers, especially considering that Revolut generated over £700 million in revenue from subscriptions in 2025. Several premium customers have expressed their frustration online. For instance, @ffaabbss wrote on X: ‘This is very annoying as for me this was my #1 reason to be an Ultra customer’. Similarly, @Atomik_Research described it as a ‘bad’ decision, adding that the WeWork passes were ‘the most useful benefit of all!’
Impact on London’s co-working scene
London currently has 28 WeWork locations, which is roughly half of the number before the company’s bankruptcy in 2023. Despite the financial troubles, WeWork has recovered and maintains a strong presence among London’s professionals. In 2025, data published by City AM revealed that the company’s on-demand bookings – a pay-as-you-go membership option – rose by 30% in London compared to the same period in 2024. Locations along the Elizabeth line have been particularly popular, with a 12% increase in bookings near the tube line year on year.
London is now home to well over 100 co-working spaces, but with the Revolut perk reduced, remote workers may need to seek alternatives. The change is likely to push some customers to consider other benefits or switch providers. For those relying on WeWork access, acting fast to secure a seat is advisable, as these spots tend to fill quickly.
