Revolut Plans Broader U.S. Card Push With JPMorgan-Level Rewards

Revolut plans to expand its U.S. credit-card business with rewards and benefits comparable to those offered by JPMorgan and American Express as it works toward launching a national bank in 2027.

CEO Nik Storonsky said the fintech has not disclosed the reward structure or launch date for its broader planned U.S. card offering. Revolut already has a U.S. credit-card agreement that took effect July 10, 2026.

Revolut received conditional approval from the Office of the Comptroller of the Currency (OCC) on Sept. 3, 2026, for a proposed U.S. national bank. Final approvals from the OCC, Federal Deposit Insurance Corp. (FDIC) and Federal Reserve remain outstanding.

Once all approvals are received, the bank would be able to offer U.S. customers loans, credit cards and FDIC-insured deposits directly through its own banking structure. Revolut said it is targeting a 2027 launch.

The company filed its U.S. national-bank charter application with the OCC and FDIC on March 5, 2026. The application is part of an effort to expand beyond Revolut’s limited U.S. presence and operate as a directly regulated bank.

“Everywhere we want to go, we want to dominate. Otherwise, what’s the point?” Storonsky said in an interview in Turin.

The proposed card strategy would place Revolut in competition with major U.S. banking and payments businesses. The company has not published specific reward rates, annual fees or eligibility rules for the broader offering.

Storonsky has also identified the United States as Revolut’s preferred primary listing venue if the company pursues an initial public offering. Any IPO would not occur before 2028, and Revolut has not announced a filing or listing date.

The next step for the banking plan is completion of the remaining U.S. regulatory approvals.