Revolut to go after Amex, JPMorgan with matching card perks, says CEO Nik Storonsky

Revolut Eyes JPMorgan, Amex with Matching US Credit Card Perks

Competitive US Credit Card Rewards

Revolut is planning to offer rewards points and benefits on par with those of JPMorgan and American Express, according to CEO Nik Storonsky. This move is part of the fintech's strategy to dominate every market it enters.

AI-Powered Shopping Tools

Revolut is also developing AI shopping tools that could allow customers to delegate online purchases to agents. The technology would let AI browse websites such as Amazon while Revolut retains customers' card details within its own systems, keeping the process secure.

Regulatory Approval and US Expansion

Before launching its full offering, Revolut needs to obtain regulatory approval in the US. Storonsky said the company would then focus on personalized banking, followed by credit cards and loans, before bringing its wider UK and European product range to American customers.

Corporate Plans

On corporate plans, Storonsky said the US would be Revolut's primary listing venue if it pursues an IPO, with a dual listing in the UK and US also planned.