Robinhood Gold Card Evaluation 2025: Millennial Cash

In 2024, Robinhood introduced the launch of its first bank card, the Robinhood Gold Card. With a rewarding flat fee throughout all spending classes and elevated cashback on journey, we expect this card is value contemplating, particularly in the event you’re already a Robinhood Gold member.

The Gold Card is ready to launch later this 12 months, and you may be a part of the waitlist now to order your spot. It’s a 17-gram stainless-steel Visa Signature, and the cardboard issuer is Coastal Neighborhood Financial institution, which is an FDIC member.

We’ve reviewed all the cardboard’s key options, charges, and reward redemption choices beneath that will help you resolve if the Robinhood Gold card is a worthwhile addition to your pockets.

Robinhood Gold Card Overview

Listed here are a number of key Robinhood Gold Card particulars to pay attention to:

• Rewards fee: 3%
• Bonus rewards fee: 5% on journey
• APR: 19.99% – 29.99%
• Annual price: No; Robinhood Gold subscription required ($5 month-to-month)
• Welcome bonus: No

Options

Probably the most notable function of the Robinhood Gold Card is its flat-rate 3% cashback throughout all classes, with a bonus fee of 5% for purchases by Robinhood’s journey portal.

Listed here are a number of of the cardboard’s different most noteworthy options we expect you must find out about:

• Household options: Robinhood doesn’t impose age restrictions for approved customers, permitting youngsters to construct their credit score. You can too observe your loved ones’s card utilization, set spending limits, and lock playing cards.
• Digital playing cards: For added safety, you can also make digital purchases utilizing digital playing cards with disposable numbers.
• Journey perks: The cardboard gives journey interruption safety, Visa Signature concierge service, and journey and emergency help.
• Buy safety: Cardholders additionally get buy safety, prolonged guarantee safety, return safety, and nil legal responsibility protection.
• Automobile help: Moreover, the cardboard provides a automobile rental collision injury waiver and Roadside Dispatch.
• Robinhood integration: The Robinhood bank card app is seamlessly built-in with the Robinhood investing app, so Gold members can switch rewards to their brokerage account.

Rewards

As we talked about earlier, the Gold Card pays 3% cashback throughout all spending classes, apart from journey bookings by Robinhood, which earn 5%.

The Gold Card offers you 4 choices for redeeming your bank card rewards:

1. Money-back rewards: Whilst you can’t immediately money out your rewards for cash, you should utilize them as cashback in your Robinhood brokerage account, the place you may make investments the funds or earn a aggressive APY in your uninvested money.
2. Journey portal: You can too use factors to make journey purchases by the Robinhood journey portal.
3. Procuring portal: In the event you’d favor to buy along with your cashback rewards, you may apply your factors towards purchases from Robinhood’s companion retailers.
4. Present playing cards: Equally, you may redeem your rewards for reward playing cards from a number of retailers in Robinhood’s rewards portal.

Charges

One of many largest attracts of the Robinhood Gold Card is its lack of charges. Whilst you do must be a Robinhood Gold subscriber, the cardboard itself doesn’t have any month-to-month charges. There are additionally no overseas transaction, stability switch, or overlimit charges.

There are a number of charges for actions like late funds, return funds, and money advances, that are customary within the bank card business. You’ll even be required to pay a membership price for Robinhood Gold to be eligible for the cardboard.

Not like a few of its opponents, Robinhood isn’t at present providing a welcome bonus for its new Gold prospects.

Whereas there isn’t a welcome provide, there’s an ongoing Strong Gold referral program. In the event you be a part of the waitlist for the cardboard and make 10 eligible referrals, you’ll get an precise 10-karat solid-gold card or a comparable money prize.

Getting Began

You may be a part of the waitlist for the Robinhood Gold Credit score Card by coming into your e mail tackle on the Robinhood web site. From there, you’ll be capable to refer buddies and get notified when the cardboard is obtainable.

Earlier than you apply, it’s vital to check out the advantageous print. Robinhood notes you can test your approval with out impacting your credit score rating. When you settle for the cardboard provide, you’ll be subjected to a tough credit score pull, which may quickly influence your rating.

Needless to say you could have a Robinhood Gold membership to be eligible for the Gold Card. Robinhood Gold comes with a 30-day free trial, however you may’t open a Gold Card till after your free trial interval has ended.

Professionals and Cons

Like every bank card, the Robinhood Gold Card has some benefits and downsides. Listed here are a number of of the most important professionals and cons to think about earlier than making use of for the cardboard:

Professionals

• No overseas transaction or annual price: The Gold Card’s restricted account charges make it an interesting alternative for incomes essentially the most cashback potential.
• No age limits for approved customers: Gold customers wanting to assist in giving their youngsters’ credit score a lift can add them as approved customers, no matter their age.
• Glorious cashback fee on all classes: With Robinhood, there are not any rotating classes or cashback caps to fret about. You get the identical flat fee on all spending classes, with additional rewards on journey bookings.

Cons

• Requires Robinhood Gold subscription: Whereas the cardboard itself doesn’t have annual charges, it’s solely accessible to Robinhood Gold members, who’re required to pay ongoing subscription charges for Robinhood’s premium investing instruments.
• No easy cashback redemption: If you wish to redeem your rewards for money, you’ll must switch them to your Robinhood brokerage money account. From there, you may let the cash sit and accrue curiosity, make investments it, or withdraw it, which provides an additional step.

Who Is the Robinhood Gold Card Finest For?

The Robinhood Gold Card isn’t the appropriate match for everybody. In the event you use a distinct funding platform and don’t wish to make investments with Robinhood, take into account one other cashback card that doesn’t require you to have a Robinhood account or subscribe to its Gold plan for a price.

In the event you’re already utilizing Robinhood to take a position and have been considering upgrading to a Gold account anyway, the cardboard may make a subscription value it. And in the event you at present subscribe to Robinhood Gold, including the cardboard to your pockets is a no brainer that may show you how to simply earn aggressive flat-rate money again on all of your purchases.

Backside line—Examine the price of a Gold membership to the cashback you anticipate incomes and the worth the Gold plan would add to your funding plan to resolve if the cardboard is value it.