Is Revolut a Credit Card? Truth About Revolut Debit & Credit Card

If you shop for a new credit card, you may have come across Revolut. It is a popular financial app known for digital banking features, but is Revolut a credit card or a debit card? Many people are curious about Is Revolut offers a credit card, especially in the UK.

In this article, we will explore everything you need to know about Revolut’s credit card offering, including its availability, features, interest rates, fees and credit limits.

Is Revolut a Credit Card or a Debit Card?

Revolut started as a digital banking app offering prepaid and debit cards. With time it introduced credit products but not everyone has access to them as of now.

Overview

• Revolut offers both debit and credit cards, but the availability of the credit card depends on your location.
• The Revolut debit card works like a traditional bank card and is linked to your account balance.
• The Revolut credit card functions like a traditional credit card which allows you to borrow money up to a fixed limit and pay it back later. Transfer Money from Credit Card to Bank Account

Does Revolut Offer Credit Cards in the UK?

Currently, Revolut does not offer its credit card in the UK. As of now, the Revolut credit card is only available in the below countries:-

• USA
• Ireland
• Lithuania
• Poland

However, Revolut has plans to expand its credit card services so that UK customers might see it in the future.

Revolut Credit vs Debit Card

Here is a quick comparison of whether you should get a Revolut debit or credit card when it is available:-

Feature	Revolut Debit Card	Revolut Credit Card
Linked to Account Balance	Yes	No
Requires Credit Check	No	Yes
Borrowing Limit	No	Yes (based on creditworthiness)
Interest Charges	No	Yes (if balance not paid in full)
Cashback	No	Yes (for eligible purchases)
Virtual Card	Yes	Yes

Revolut Credit Card Features

If the Revolut credit card becomes available in the UK, it may have features similar to the Irish version. Here are some of the popular features of the Revolut Credit Card:-

• 1% Cashback – Earn 1% cashback on all purchases for the first three months (up to €3,000). After that, the cashback rate drops to 0.1%.
• Interest-Free Period – Enjoy up to three months of interest-free credit as long as you meet minimum monthly payments.
• App Control – Set spending limits, check balances and schedule repayments using the Revolut app.
• Instant Virtual Card – Approved customers get a virtual card instantly, allowing immediate online spending.

Revolut Credit Card Interest Rates

The effective APR (Annual Percentage Rate) is 17.99% variable for Revolut Ireland customers. This may differ if the card is launched in the UK. Revolut also offers a three-month interest-free period if minimum payments are met. Platinum Cashback Credit Card benefits

Fees and Charges

The Revolut credit card has competitive interest rates. There are some fees to be aware of:

• Late Payment Fee – €10
• Cash Advance Fee – 2% (minimum of €5)

Credit Limits

Revolut Ireland offers credit limits ranging from €500 to €10,000. The limit you receive depends on your credit score and application assessment. Similar criteria might apply if Revolut launches a credit card in the UK. Why is my Credit Score different on different sites

How to Apply for the Revolut Credit Card?

Currently, UK residents cannot apply for a Revolut credit card. However, if Revolut expands its credit offering, you can follow the below steps to apply for the cards:-

• Open the Revolut app and navigate to the credit card section.
• Check if you are eligible based on your credit score.
• Submit your application and wait for a quick decision.
• If approved, get access to a virtual credit card instantly.

Conclusion

Is Revolut a credit card? So the answer of this question is No, it’s a financial app that offers both debit and credit cards, depending on where you live. While UK customers currently don’t have access to the Revolut credit card, it might become available in the future.

For now, if you are looking for a credit card, you will need to explore other options in the UK market. Top 5 Credit Cards with Lowest Interest Rates

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