Revolut Announces Roll out of Its Credit Cards in Ireland

UK-based neo-banking challenger Revolut announced to roll out its Credit Card to existing customers in Ireland.

With spend control features for everyday spending and for spreading costs of big purchases, the Revolut Credit Card gives users control and transparency as part of Revolut’s mission to simplify money and empower customers with their finances. Furthermore, the Revolut app gives users the option to set a budget for credit spending.

According to the company's statement, the current credit limits are between €500 to €10,000, but each customer will have their own bespoke affordable limit as decided by Revolut’s credit assessment.

Customers are allowed to create virtual credit cards while waiting for physical cards to arrive, and these cards can be added to mobile wallets such as Apple Pay and Google Pay.

Furthermore, clients can choose to use disposable virtual credit cards which can help to deter fraud when shopping online.

"We're delighted to add Revolut Credit Cards to our financial superapp, giving our customers in Ireland more control and flexibility over their personal finances in a responsible way," said Joe Heneghan, CEO Revolut Europe. "We've developed the technology to provide Credit Cards to approved customers with limits tailored to affordability, so they can get the credit they need, when they need it."

Revolut has been expanding its range and variety of services since launching crypto business in 2017. Last month, the company soft-launched crypto 'staking'​ for customers in the UK and European Economic Area, allowing users of its app to earn income on crypto assets with the product in 'soft testing'.