Robinhood Platinum Card Improved with More Credits, But No Signup Bonus

Robinhood Platinum Card Improved with More Credits

Robinhood announced its new Robinhood Platinum Card back in March. This is a premium card that weighs 27 grams with 99.9% pure platinum plating, $695 annual fee, and no signup bonus. That part has not changed, but there are some new coupons and improvements. Some invites are also going out to those on the waitlist. Let’s see what has changed.

New Benefits

• $120 in annual DoorDash promos, issued monthly with no minimum order size required. That’s on top of a complimentary DashPass membership. 
• Increased annual travel credits to $1,000, including $700 in hotel credits for stays of two consecutive nights or more booked through Robinhood and $300 in flight credits, paid out in $150 increments every six months.
• Expanded Platinum hotel network to include 1,700+ premium properties with priority late checkout, room upgrades and early check-in when available, and more when you book stays through us.
• Updated autonomous ride credit to a $250 annual credit on Waymo rides, allotted monthly. $20 monthly credit, plus extra $10 in December for a total of $30.
• Updated wearables benefit to offer access to a complimentary WHOOP Peak membership with hardware included, and have added an up to $1,000 one-time credit towards the Eight Sleep Pod and Base, available through September 15. 

Other Benefits

• 5% cash back on eligible dining and flights booked through Robinhood, 10% cash back on eligible hotels and rental cars booked through the app, and 1% back on other eligible purchases.
• $250 in annual dining credits at 15,000+ eligible restaurants. $20 monthly credit, plus extra $10 in January for a total of $30.
• A complimentary Robinhood Gold membership.
• No foreign transaction fees, Global Entry or TSA PreCheck statement credit, travel protection, and unlimited access to 1,400+ Priority Pass airport lounges worldwide.
• A complimentary $365 Function Health membership, including 160+ advanced lab tests and custom clinician insights.
• An Amazon One Medical membership, a $199 value. 

Conclusion

The Robinhood Platinum Card is promising more than $3,000 in annual value at a $695 annual fee. Robinhood says that’s up to $200 less per year than other leading premium credit cards. But the big difference is that this card has no signup bonus, so until that changes it will likely be a pass for most people.