3 ms·
Revolut had credit cards for a few years but only in Lithuania https://www.revolut.com/en-LT/credit-cards/ https://www.revolut.com/en-LT/credit-cards/ I guess
by PaywallBuster 2y ago
Revolut had credit cards for a few years but only in Lithuania
https://www.revolut.com/en-LT/credit-cards/ https://www.revolut.com/en-LT/credit-cards/
I guess they'd need to apply for banking license to offer CC in every EU state and that would be an order of magnitude more expensive than Lithuania's banking license
- fph 2y agoI think that the true reason is another one: credit cards come with credit, which people can choose not to pay back. It is complicated to recover money from a person abroad, possibly having to sue them in every EU state.
- dotcoma 2y agoNope. They still have only a Lithuanian license, plus maybe one for the UK. All it takes to operate in the EU is a license from one member state.