In a move that has caught the attention of the financial world, Robinhood has announced the launch of its first credit card, the Robinhood Gold Card, set to debut later this year. This new offering comes with a rewarding flat rate of 3% cashback across all spending categories, with a bonus rate of 5% on travel bookings made through Robinhood’s travel portal.
The Robinhood Gold Card, a 17-gram stainless steel Visa Signature, is issued by Coastal Community Bank, an FDIC member. To secure your spot and be among the first to get your hands on this exclusive card, you can join the waitlist now on the Robinhood website.
One of the standout features of the Robinhood Gold Card is its family-friendly options, allowing authorized users of all ages to build credit. Additionally, the card offers virtual cards for added security, travel perks such as trip interruption protection, and purchase protection including extended warranty coverage.
While the card does not come with an annual fee, a Robinhood Gold subscription is required ($5 monthly). The Gold Card also boasts no foreign transaction fees, balance transfer fees, or overlimit fees, making it an attractive option for those looking to maximize their cashback rewards without incurring additional costs.
Overall, the Robinhood Gold Card presents a compelling option for individuals who are already Robinhood Gold members or those looking to enhance their credit card rewards experience. With its competitive cashback rates, valuable features, and seamless integration with the Robinhood investing app, this card is definitely worth considering for those in the market for a new credit card.