Revolut Takes on Amex & Expands into UK Stocks
Hey Digital Banking Fanatic!
Two announcements from Revolut this week reflect ongoing shifts in its product approach—one focused on consumer spending, the other on investment access, let's have look 👇
The Digital Bank has confirmed it’s working on a points-based credit card, built around RevPoints—the same system it launched in July last year. These points, already available through debit card purchases, can be used to buy gift cards or converted into airline miles. Now, Revolut is planning to link them to a new set of credit cards, tailored to its different subscription tiers.
Details are still limited, and it remains to be seen how Revolut will position itself alongside incumbents like American Express. But the direction is clear: Revolut focusing on customer engagement, retention, and financial incentives.
In parallel, Revolut is preparing to add UK stocks to its trading platform. The timing coincides with growing investor interest in diversifying away from US equities. “We are including UK stocks in our offering as we’ve seen interest from our UK customers to get exposure to the local economy and diversify their portfolio further,” said Yana S., Chief Executive of Wealth & Trading UK at Revolut.
Read more on Digital Banking industry below 👇 and I'll be back with more tomorrow!
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DIGITAL BANKING NEWS
🇬🇧 Revolut to take on American Express with move into reward credit cards. The rewards-based credit card would use Revolut’s own points system, named RevPoints, which it launched in July last year. The firm plans to add UK stocks to its trading platform in the coming days as some investors seek to diversify away from US equities in the aftermath of Donald Trump’s plans to raise tariffs on trading partners around the world.
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