Revolut's New Credit Card: 0% APR and a $150 Cash Back Cap

Revolut has quietly rolled out a new credit card, and it's showing up for some existing users directly in the app. The card is issued by Cross River Bank, and the terms are already floating around online. The headline perks? A six-month 0% APR period on purchases and a short-term cash back boost. But there's a catch: the cash back maxes out at $150, which you'll hit after spending $1,500. That's not exactly a huge sign-up bonus, but it might still appeal if you're looking for a temporary interest-free runway or you're already a Revolut user. Let's break down what this card actually offers and whether it's worth your attention.

What You Actually Get

The card comes with two main features: a 0% APR on purchases for the first six months, and a 10% cash back offer that runs for three months after you open the account. The cash back is capped at $150 total, which means you'll max it out after spending $1,500. After that, the card likely reverts to a standard rewards structure or none at all—the agreement would have the details.

There's no annual fee mentioned, but you should always verify that in the terms. The 0% APR period could be useful if you have a large purchase coming up and want to float it for half a year. Just remember that after six months, any remaining balance will start accruing interest at the regular rate.

• 0% APR on purchases for six months
• 10% cash back on purchases for three months, up to $150
• Issued by Cross River Bank
• Currently available by invitation to some existing Revolut users

The $150 Cap Problem

A $150 cap on cash back is pretty low. If you're a big spender, you'll hit it quickly and then the card becomes far less interesting. Even for moderate spenders, $1,500 over three months is only $500 per month—not a high bar. So the cash back is really just a small welcome bonus, not an ongoing rewards program.

Compare that to other cards with $200 or $300 sign-up bonuses that require similar spending, and this one comes up short. The 0% APR offer is the more compelling feature, especially if you need to finance a purchase over six months.

Who Should Consider This Card

If you're already a Revolut user and you see the offer in your app, it might be worth a look—especially if you have a big expense coming up and want to avoid interest for six months. The 10% cash back is a nice little bonus on top, even if it's capped.

But if you're not a Revolut member, don't expect to sign up just for this card. It's a soft launch, so it's not widely available yet. And if you're chasing a big sign-up bonus, there are better options out there. This card seems more like a supplemental product for existing customers than a must-have for everyone else.

Watch Out For These Details

The 0% APR applies only to purchases, not balance transfers or cash advances. And after the six months, the standard APR kicks in—likely a variable rate that could be high. Make sure you have a plan to pay off the balance before the promotional period ends.

Also, the cash back is capped at $150, so don't expect to earn 10% indefinitely. The clock starts when you open the account, not when you activate the card. And as with any credit card, late payments can void your promotional APR and trigger penalty rates. Always read the terms carefully.

• 0% APR is for purchases only
• Standard APR applies after six months
• Cash back cap of $150
• Late payments may end promotional rates

Bottom Line

• Revolut's new card offers 0% APR on purchases for six months and 10% cash back for three months, capped at $150.
• The cash back maxes out after $1,500 in spending, making it a modest sign-up bonus.
• The card is issued by Cross River Bank and is currently in soft launch for some existing Revolut users.
• The 0% APR period could be useful for financing a large purchase, but you'll need to pay it off within six months to avoid interest.

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