According to a report by Sifted on Monday (April 14), the credit card is still in early development and will be made available in the UK, with versions tailored to each of Revolut’s subscription tiers. The company declined to comment when approached by PYMNTS regarding the report.
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GLORevolut is reportedly working on a new rewards-based credit card that will integrate with RevPoints, the loyalty system it launched in July for its debit card users.
According to a report by Sifted on Monday (April 14), the credit card is still in early development and will be made available in the UK, with versions tailored to each of Revolut’s subscription tiers. The company declined to comment when approached by PYMNTS regarding the report.
RevPoints, introduced last summer, allows Revolut users to earn points on everyday purchases made with their debit cards. These points can be redeemed for travel-related rewards such as airline miles, hotel discounts, and exclusive experiences.
Expanding Product Offerings
The rewards card is just one of several product developments at Revolut. On April 11, it was reported that the company will soon add UK-listed stocks to its trading platform, which already offers US and European equities to over 800,000 UK-based investors.
“We’ve seen growing demand from our UK users for exposure to the local market and more diversification,” said Yana Shkrebenkova, CEO of Revolut’s UK wealth and trading division, in an interview with Bloomberg.
Scaling Banking and Global Ambitions
In a March interview with The Wall Street Journal, Francesca Carlesi, CEO of Revolut UK, confirmed that the company is ramping up its UK banking operations, expanding internationally, and preparing for a future IPO. Currently, Revolut’s app allows users to make payments, invest, and store funds, with the goal of becoming a comprehensive global financial platform.
Carlesi also shared that Revolut is in the process of hiring 100 new employees as part of its UK banking expansion, aiming to have a team of around 200 staff members by year’s end.
“We’ve maintained a transparent dialogue with regulators to ensure our plans align with high standards,” she told Bloomberg. “There’s no rush—we’re focused on getting this right. Once the groundwork is complete, we’ll officially launch our UK bank.”
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