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Revolut Launches Credit Cards in Ireland with 0% Interest for Three Months


Digital bank Revolut has announced the upcoming launch of its credit cards in Ireland, further bolstering its move towards full banking services in the country.

Customers will have the option of choosing between Visa or Mastercard credit cards, with a maximum credit limit of €10,000, determined by each customer’s credit assessment. The cards offer 0% interest for the first three months before an APR rate of 17.99% applies.

Transaction history and statements will be offered, while the Revolut app will provide real-time balance updates and push notifications for customer convenience. Revolut currently has two million customers in Ireland.

Revolut’s move to add more banking services in Ireland comes as it continues to compete with established pillar banks in the country.

The digital bank has already introduced personal loans and buy-now-pay-later installment plans to customers of up to €20,000. In addition, Revolut recently announced that Irish customers will soon receive Ireland-based Iban account numbers, in contrast to its current Iban numbers which are based in Lithuania.

The provision of Irish Ibans is expected to enable Irish customers to have their salaries or other payments made directly to their Revolut accounts.

Joe Heneghan, CEO of Revolut Europe, has emphasised that credit cards will offer Irish customers “more control and flexibility over their personal finances” and Revolut has already developed the technology to provide credit cards to approved customers with limits tailored to affordability.

In addition, the Revolut credit card provides users with 1% cash back on purchases for the first three months (up to €30) and an unlimited 0.1% thereafter.

Customers with Revolut Metal accounts can expect an additional 0.1% cashback and 1% cashback outside of the EU. The rollout of Revolut’s credit cards is expected to begin in the coming months.

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