Robinhood Launches 3% Cash Back Credit Card
Robinhood is jumping in the credit card game with the launch of the Robinhood Gold Card. The new product is exclusively available for Robinhood Gold members, and you can even get a solid 10K Gold card.
The Robinhood Gold Card has no annual fee, no foreign transaction fees, and promises an unrivaled 3% cash back on all categories. You will also earn even more on travel, getting 5% cash back when you book through the all-new Robinhood travel portal.
Reward points are then redeemable for travel, giftcards, shopping at major retailers or redeemed as cash. That cash be instantly transferred to your Robinhood brokerage account to invest, earn interest, or withdraw. Let’s see the full details.
Robinhood Gold Card
- Earning Rates: Earn 3% cash back on every eligible purchase and 5% cash back on purchases through the Robinhood travel portal
- No Annual Fee: But you need to pay for Robinhood Gold which costs $50 per year, and also gives you some extra benefits.
- No Foreign Transaction Fees
- Benefits and perks: Trip interruption reimbursement, purchase security, auto rental collision damage waiver, extended warranty protection, return protection, zero liability protection, Visa Signature Concierge Service, travel and emergency assistance, roadside dispatch, and more.
- Virtual cards: Create virtual cards that allow you to pay with disposable card numbers for smarter, more private spending. Easily cancel subscription payments, end free trials automatically, authorize cards for one-time use, and get a new card right in the app if your physical card is lost.
- Free Additional Users: You can add up to five family members as cardholders to your account. Every cardholder receives their own card, and you can effortlessly track family spending, set spending limits, and lock lost cards instantly. Additional cardholders can be any age.
- The card runs on the Visa network and is issued by Coastal Community Bank, Member FDIC.
You can reserve your spot on the Robinhood Gold Card waitlist today. Broad availability is coming later this year.
Refer to Get Solid Gold Card
If you refer 10 friends who sign up to Robinhood Gold, you’ll earn the solid gold Robinhood Gold Card. The card weighs 36g and is made from real 10 karat gold, making it worth more than $1,000 based on current gold prices.
Those who are not able to complete the required referrals will have a card made of 17 grams of stainless steel.
Conclusion
The card is quire impressive for a no annual fee product. It promises 3% cash back on all purchases, and has some valuable benefits.
However, you do need to pay $50 annually for a Robinhood Gold membership, which is required to apply for the card. Also there’s no mention of a signup bonus.
Let us know what you think!
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