Credit Cards interest and fees
Understanding credit card interest charges
If interest is due, it will be charged on your Revolut credit card account after your statement due date. For example, interest charged on 1 January is charged for unpaid balances or transactions made during November, included in the statement issued on 1 December and to be paid by 31 December.
To benefit from the interest-free grace period on purchases, you must pay your statement balance in full and on time, and not have any unpaid balance carried over from the previous month. The interest-free grace period doesn’t apply to withdrawals, transfers, or cash advance transactions.
We can charge different interest rates for different types of transactions. You can check the applicable interest rate in-app by navigating to the Credit card section and tapping ‘Info’ → ‘Rates’.
Interest on balances
If you don't pay your monthly credit card statement in full by the due date on your statement, we'll charge interest on your statement balance the next day as part of your new billing cycle. Interest accrues daily from transaction date until balance is paid and it is charged monthly.
If you don’t pay the full balance, you’ll lose the interest-free grace period in the next month. You’ll be charged interest on all transactions and any unpaid balances carried over, even if you repay in full by the due date. To restore the grace period, pay in full for two months in a row.
If you were offered a promotion or sign-up offer for 0% Interest, you'll need to make at least the minimum payment each month and pay off your balance in full by the end of the promotion period, otherwise you'll accrue interest on the unpaid balance as normal.
Interest on cash advances
For certain transactions, like money transfers, cash withdrawals, and credit card payments for gambling or investments, interest will accrue daily once the transaction is completed until it’s repaid. Interest accrued in each billing cycle will be charged on the first day of the following month.
These transactions aren’t eligible for interest deferral or promotions, so interest applies even if you pay your statement in full. If you need to make this type of transaction, you should aim to pay it off as quickly as possible and not wait until the payment due date.
Example: you make a cash withdrawal on 1 January and fully repay the balance on 5 January. The transaction will be included in the statement issued on 1 February. On 1 March, we'll charge interest accrued between 1 January and 5 January. The interest-free period doesn’t apply to cash transactions.
Other fees and penalties
Credit cards may come with various fees and penalties beyond standard interest charges, depending on how you use your card. Understanding these fees can help you manage your card more effectively. Visit our Credit fees page for a full breakdown.
If you used your card during the billing cycle or have any unpaid balance, and you don’t pay at least the minimum monthly amount stated on your statement before the due date (or if the auto-payment for the minimum payment fails), you may be charged a late payment fee of €10.
A government stamp duty fee of €30 applies to all credit card accounts annually. This is charged at the beginning of January, covering the preceding year. Learn more in this FAQ.