Robinhood’s 3% Cashback Gold Credit Card

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Online investing platform Robinhood, known for democratizing stock trading, is now expanding its horizons into the realm of personal finance. The company recently unveiled the Robinhood Gold Card, a novel rewards credit card exclusively for its Robinhood Gold subscribers, marking its foray into the competitive world of credit cards.

The Robinhood Gold Card, operating on the Visa network, stands out with its no-annual-fee structure and an enticing cashback program. Designed for the financially savvy, the card promises:

  • 3% cash back on all eligible purchases: A competitive rate that eclipses many existing flat-rate cash-back cards.
  • 5% cash back on bookings through the Robinhood travel portal: An additional perk that could appeal to frequent travelers, though details about the travel portal’s offerings are still under wraps.
  • Points System: Rewards are earned as points, redeemable in several ways including direct cash back into a Robinhood brokerage account, travel bookings, shopping with partners, or for gift cards.


Robinhood Gold Card Features and Benefits

The Robinhood Gold Card doesn’t just stop at cashback. Cardholders gain access to:

  • Tools and Features: The credit card app comes packed with functionalities to manage accounts and track rewards.
  • Visa Card Benefits: Includes travel and purchase protections, concierge services, and more.
  • The Solid Gold Card: A unique offer where cardholders who successfully refer 10 people to Robinhood Gold can get a 10 karat gold card.


Robinhood Gold Membership: The Gateway to the 3% Card

To get your hands on the Gold Card, one needs to be a subscriber of Robinhood Gold. This paid service, priced at $6.99 monthly or $75 annually, offers:

  • 5% APY on uninvested cash and a 3% match on IRA contributions through Robinhood Retirement.
  • Preferential rates for margin investing and access to advanced market data and research.
  • Starting May: Unlimited 1% boosts on deposits into the brokerage account, subject to terms.


User Eligibility and Application Process for the Robinhood Gold Card

Eligibility Criteria To apply for the Robinhood Gold Card, there are several eligibility criteria that potential applicants need to meet. The most fundamental requirement is being a subscriber to Robinhood Gold, Robinhood’s premium subscription service. This service, priced at either $6.99 per month or $75 annually, offers enhanced features like increased APY on uninvested cash and lower rates on margin investing.

In addition to being a Robinhood Gold member, applicants are likely subject to standard credit card application requirements. These typically include:

  • Age: Applicants must be at least 18 years old (or the age of majority in their state).
  • U.S. Residency: Generally, applicants need to be U.S. residents with a valid Social Security number.
  • Credit History: A good to excellent credit history is typically needed to qualify for premium credit cards. While Robinhood hasn’t specified exact credit requirements, applicants should ideally have a solid credit score to increase their chances of approval.

Application Process The application process for the Robinhood Gold Card begins with joining a waitlist, as the card is not yet widely available. Interested Robinhood Gold subscribers can reserve their spot through the official Robinhood app or website. Once the card is available, those on the waitlist will be invited to apply. The application process is expected to be straightforward and integrated into the Robinhood platform, ensuring a seamless experience for existing users.

As part of the application, potential cardholders will likely need to provide:

  • Personal information, including full name, address, and Social Security number.
  • Financial information, such as income and employment details.
  • Consent to a credit check, which is a standard part of credit card applications.



  1. High Cashback Rate: The standout feature of the Robinhood Gold Card is its impressive 3% cashback on all purchases, significantly higher than the standard 1.5% or 2% offered by most flat-rate cash-back cards. This makes it a highly attractive option for those seeking to maximize their returns on everyday spending.
  2. Enhanced Rewards on Travel: With a 5% cashback rate on bookings made through the Robinhood travel portal, this card is potentially beneficial for frequent travelers. This higher rate puts it on par with some of the best travel-specific credit cards.
  3. No Annual Fee: The absence of an annual fee is a major plus, making the card accessible without the worry of offsetting a yearly charge with earned rewards.
  4. Additional Visa Benefits: As a Visa card, it offers a suite of perks such as travel protections, purchase protections, and access to concierge services, enhancing its value proposition.
  5. Exclusive Solid Gold Card Offer: The unique opportunity to upgrade to a 10 karat gold card for users who refer 10 new Robinhood Gold members adds a novel, luxurious element to the card.



  1. Robinhood Account Dependency: The cashback is credited directly into your Robinhood account, which might not be ideal for those who prefer more direct or versatile redemption options.
  2. Uncertainties Around the Travel Portal: While the 5% cashback on the Robinhood travel portal sounds promising, the lack of concrete details about the offerings and comparisons to existing robust travel rewards programs leaves some uncertainty about its actual value.
  3. Exclusive to Robinhood Gold Members: The requirement to be a Robinhood Gold subscriber, which comes at a cost ($6.99 monthly or $75 annually), could be a barrier for those not already using Robinhood’s paid services.
  4. Potential Underutilization of Benefits: The additional card features and high cashback rates are most beneficial for active Robinhood users. Those who do not frequently engage with the platform or utilize its investment options might find the card’s advantages less impactful.
  5. Market Fluctuations Impact: Since rewards are funneled into an investment account, the actual value of the cashback could be subject to market fluctuations if you invest it. This could add a layer of risk not present in traditional cashback cards.


The Robinhood Gold Card positions itself as a formidable contender in the rewards credit card market, especially appealing to those already embedded in the Robinhood ecosystem. However, it’s essential to consider how its unique features align with your financial habits and goals. For dedicated Robinhood users, it could be a lucrative addition, but for others, the limitations might outweigh the potential benefits.


Official Website Information

For more detailed information and to join the waitlist, visit Robinhood’s official website. Terms and conditions, as well as eligibility criteria, are provided, ensuring transparency for prospective cardholders.

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