Credit Card Target Market Determination

Issuer: Revolut Payments Australia Pty Ltd (Revolut Australia) (ABN 21 634 823 180 AFSL 517589)

Product: Revolut Credit Card

Effective Date: 12 / 12 / 2025

This Target Market Determination (TMD) seeks to offer an understanding of the class of customers for which this product has been designed, the distribution conditions, and how it is reviewed and monitored for ongoing appropriateness.

Product Description

The Revolut Credit Card offers access to a revolving credit facility to spend and withdraw funds for personal use, with key features including:

Up to 44 days of interest free period on purchases (excluding cash advances) and the ability to pay in instalments (excluding cash advances)
No additional monthly or annual fees *
In-app convenience, including a fully digital application process

Additionally, a Revolut Credit Card customer can access a range of benefits of the Revolut Personal App, including:

Attractive travel features
Rewards and benefits, including higher RevPoint earn rates than debit spend
Budgeting and spending controls
Subscription benefits

* Paid Plan fees may apply separately

Key Eligibility Criteria

Key eligibility criteria include (but are not limited to):

Must be an individual
Must be 18 years of age or older
Must be an Australian citizen, permanent resident, or temporary resident holding an eligible valid visa
Must meet the lending criteria, including demonstrating the ability to meet repayment obligations

Target Market and Product Attributes

The key attributes of the Revolut Credit Card have been assessed as being consistent with the likely objectives, needs and financial situation of the target market, as described below:

Customer Objectives and Needs	Product Attributes
Requires a revolving credit facility with a convenient way to make domestic and international payments.	Only eligible individuals can apply (see above) Customers can request physical or virtual cards to transact in person or online Not available for the following purposes: Investment or business purposes Purchase of digital currency or currency speculation Gambling Illegal purposes
Is comfortable with accessing and managing their account through digital channels.	Fully digital application process The account can only be accessed and managed through the Revolut Personal App
Is seeking the option to make additional repayments	Earn unlimited RevPoints on credit card spend, at a higher rate than debit spend on the same Revolut Plan
May want to access interest free period on purchases	Up to 44 days of interest free period
May want to share access to credit card with someone else	Can add up to five (5) additional card holders at no extra cost

Customer Financial Situation	Product Attributes
Has a stable income, meets Revolut’s minimum income requirement and has the ability to make the required repayments without substantial hardship	The financial situation of the customer is considered in the application for every credit card
Prefers no additional periodic fees	No additional credit card monthly or annual fees (Revolut personal account paid plan fees may apply separately if selected)
Wants a credit limit of at least $1,000	Minimum credit limit of $1,000 Maximum credit limit of $35,000 (subject to assessment)

The Revolut Credit Card may not be suitable for customers who:

Cannot meet the required minimum repayments
Wish to have in-person branch support
Wish to receive paper statements by post
Intend to only make one significant purchase to be paid off over a long period of time
Primarily need a low-interest credit rate
Intendt to only use this card for cash advances or cash-like transactions
Do not want to set up a Revolut Personal Account to manage repayments

Distribution Conditions

Revolut Australia applies the following conditions on the distribution of the product so that it is likely to be provided to customers in the target market:

Condition	Reason for Condition
The product can only be distributed by Revolut Australia following commencement of an online application through either of the following channels: The Revolut Website The Revolut Personal App Note: the Revolut App is required to complete the application.	Revolut Australia’s digital distribution model aligns to the target market’s preference to use digital channels.
All applications must capture the standard set of information required to complete a credit assessment, including mandatory verification activities.	The information capture and verification process for all applications enables Revolut Australia to understand the customer’s needs, objectives and financial situation and assess that the loan is not unsuitable.
A variety of marketing and promotional channels may be used, including digital and physical advertisements, social media, in-person advertising, and comparison / affiliate websites, subject to Revolut Australia’s internal approval process and rules (for example, gambling related affiliates are not allowed).	Although these channels may be used to provide information about the product, applications must be completed through the approved digital channels to ensure customers are always provided with a consistent set of information about the product and the plans available to them.

When will the TMD be reviewed?

The TMD will be reviewed on a minimum two year basis unless a particular event or circumstance occurs that might materially change the information contained in this TMD or suggest that it is no longer appropriate.

Periodic Review	Review triggers
The TMD will be reviewed at least every two years from its effective date, and within two years of every subsequent review.	A review of the TMD will be undertaken in the following circumstances, where relevant and applicable to the TMD: Introduction of new products or features. Changes to the existing features or products (including fee changes). Changes to the distribution method. External events such as regulatory change, adverse media coverage. Reporting and monitoring identifies a need for review.

Periodic Review

Review triggers

The TMD will be reviewed at least every two years from its effective date, and within two years of every subsequent review.

A review of the TMD will be undertaken in the following circumstances, where relevant and applicable to the TMD:

Introduction of new products or features.
Changes to the existing features or products (including fee changes).
Changes to the distribution method.
External events such as regulatory change, adverse media coverage.
Reporting and monitoring identifies a need for review.

Reporting and Monitoring

As issuer and distributor of the product, Revolut will collect and analyse the following information to ensure the TMD remains consistent with how the product performs in the market:

Product performance data: Loan approval rates, repayment behaviour and default rates
Customer feedback and Complaints: Customer feedback on product experience, including the volume and category of complaints received.
Feedback from other sources: Feedback from other sources including regulators, funders and other entities within the Revolut Group.
Significant dealings: Revolut becomes aware of a significant dealing of the product that is not consistent with the target market as described in this TMD.

Distributor Reporting

Any external distributors are required to report to Revolut Australia the following information:

The number of complaints about the product, categorised by root cause, on a quarterly basis.
Any significant dealings not consistent with this TMD, as soon as practicable and within 10 business days

Note: Revolut Australia is currently the sole distributor of this product.

The information in this TMD is not financial advice and does not take into account your individual objectives, financial situation or needs. Before acting on the information in this document, you should consider the product’s appropriateness having regard to your personal circumstances.