Robinhood Gold Card Review 2024: Millennial Money

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In 2024, Robinhood announced the launch of its first credit card, the Robinhood Gold Card. With a rewarding flat charge throughout all spending classes and elevated cashback on journey, we expect this card is value contemplating, particularly if you happen to’re already a Robinhood Gold member.

The Gold Card is about to launch later this yr, and you’ll be part of the waitlist now to order your spot. It’s a 17-gram chrome 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 can assist you resolve if the Robinhood Gold card is a worthwhile addition to your pockets.

Robinhood Gold Card Overview

Listed below are a number of key Robinhood Gold Card particulars to concentrate on:

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


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

Listed below are a number of of the cardboard’s different most noteworthy options we expect it is best to learn about:

  • Household options: Robinhood doesn’t impose age restrictions for approved customers, permitting children to construct their credit score. You may as well 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.
  • Car help: Moreover, the cardboard affords a automotive rental collision harm 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.


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

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

  1. Money-back rewards: When you can’t straight money out your rewards for cash, you should use 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 may as well use factors to make journey purchases by means of the Robinhood journey portal.
  3. Buying portal: In case you’d choose 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 present playing cards from a number of retailers in Robinhood’s rewards portal.
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One of many largest attracts of the Robinhood Gold Card is its lack of charges. When you do need to be a Robinhood Gold subscriber, the cardboard itself doesn’t have any month-to-month charges. There are additionally no international transaction, steadiness switch, or overlimit charges.

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

In contrast to a few of its rivals, Robinhood isn’t at the moment providing a welcome bonus for its new Gold prospects.

Whereas there isn’t a welcome supply, there’s an ongoing Solid Gold referral program. In case you be 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 possibly can be part of the waitlist for the Robinhood Gold Credit score Card by getting into your e-mail deal with on the Robinhood web site. From there, you’ll be capable to refer mates and get notified when the cardboard is accessible.

Earlier than you apply, it’s necessary to check out the positive print. Robinhood notes you could examine your approval with out impacting your credit score rating. When you settle for the cardboard supply, you’ll be subjected to a tough credit score pull, which might quickly affect your rating.

Remember that it’s essential to 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 all bank card, the Robinhood Gold Card has some benefits and drawbacks. Listed below are a number of of the largest professionals and cons to contemplate earlier than making use of for the cardboard:

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


  • 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 need to 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 Greatest For?

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

In case you’re already utilizing Robinhood to speculate and have been considering upgrading to a Gold account anyway, the cardboard may make a subscription value it. And if you happen to at the moment subscribe to Robinhood Gold, including the cardboard to your pockets is a no brainer that may assist you simply earn aggressive flat-rate money again on all of your purchases.

Backside line—Evaluate 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.

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