Credit cards will soon be offered by Irish online bank Revolut to its current customers.
According to the company, customers who qualify will have their applications approved instantly, and users of the Revolut app will be able to set a spending limit for credit purchases.
The first three months are interest-free as long as users make the required minimum monthly payments; after that, the APR is 17.99%.
While they wait for their physical credit cards to arrive, customers will be able to generate virtual credit cards that can be attached to mobile wallets like Apple Pay and Google Pay.
“We’re delighted to add Revolut credit cards to our financial super app, giving our customers in Ireland more control and flexibility over their personal finances in a responsible way,” said Joe Heneghan, CEO of 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,” Mr Heneghan said.
Revolut revealed last month that in the upcoming months, its two million Irish users would switch to an Irish IBAN number.