Robinhood to Launch Gold Card Quickly
Fashionable funding app Robinhood has introduced its first bank card, promising a formidable incomes charge of three% money again on most purchases. The brand new card was already rumored in current days, and it appears most particulars had been appropriate.
The waitlist is now open for the brand new Robinhood Gold Card, which is issued by Coastal Group Financial institution. The cardboard doesn’t have an annual charge, however you have to be a Robinhood Gold member, which at the moment prices $5/month as of this writing. The Robinhood Gold subscription affords a number of perks, reminiscent of 5.25% APY on uninvested money, and three% match on Robinhood retirement IRA contributions amongst different issues.
Robinhood is making its bodily card numberless. It’s also launching a brand new app to go together with the Gold Card which can be fully separate from its funding app.
Robinhood Gold Card Particulars
Listed here are a number of the particulars that we all know concerning the card thus far:
- The cardboard runs on the Visa community.
- The Gold Card requires an annual Robinhood Gold subscription to use and keep the cardboard and doesn’t embrace a 30 day free trial.
- No welcome bonus is talked about.
- Earn:
- 3% money again on each eligible buy
- 5% money again on purchases via the Robinhood journey portal
- No Annual Payment (however you might want to pay $5/month for Robinhood Gold subscription)
- No international transaction charges
- Pay with disposable card numbers for smarter, extra personal spending.
- Add as much as 5 cardholders of any age, to allow them to begin constructing their credit score.
Get an Precise Gold Card
Full 10 referrals to Robinhood Gold membership to obtain an precise “Stable Gold Card” made from 10 karat gold. Listed here are the necessities:
- The individual you refer should join a Robinhood Gold subscription via their RHF brokerage account utilizing the non-public referral code you might be offered upon signing up for the Robinhood Gold Card waitlist.
- The individual you refer should not already be an lively subscriber to Robinhood Gold.
- The individual you refer should change into a paid Robinhood Gold subscriber and should make not less than their first month-to-month or annual subscription cost. If the individual you refer participates in a Robinhood Gold free trial, the place accessible, they won’t rely as an Eligible Gold Referral till they make their first month-to-month or annual cost after the free trial has expired.
In case you are not capable of get the ten referral, then you definitely solely get the common card which is made from 17 grams of Stainless Metal.
Different Advantages and Perks
- Journey Interruption Safety
- Buy Safety
- Auto Rental Collision Injury Waiver
- Prolonged Guarantee Safety
- Return Safety
- Zero Legal responsibility Safety
- Visa Signature Concierge Service
- Journey and Emergency Help
- Roadside Dispatch
Redeeming Factors
You may have a number of choices to redeem factors, together with money again. You’ll obtain a price of 1 cent per level when:
- Redeeming Factors for Money Again in Robinhood Brokerage Money Account
- Buying with Factors within the Journey Portal
- Making purchases at Rewards Retailers via the Store portal within the Robinhood Credit score Card app
- Redeeming Factors for Reward Playing cards
Reserve your spot on the Robinhood Gold Card waitlist at this time. Broad availability is coming later this yr.
