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Robinhood To Launch New 3% Cash-Back Credit Card — What To Know

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Jarrod West
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Jarrod West

Senior Content Contributor

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Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Edited by: Stella Shon
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Stella Shon

News Managing Editor

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With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in ...

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The popular investment platform Robinhood is entering the world of credit card rewards in a big way — with an industry-leading cash-back credit card.

While the card isn’t available for applications yet, it’s set to launch later this year. Let’s take a look at the details of the new card, which is likely to be a very compelling option that could put other card issuers on notice.

Robinhood Gold Card Offers 3% Cash-Back on All Purchases

When it comes to cash-back on the Robinhood Gold card, you’ll earn:

  • 5% cash-back on travel purchased through the Robinhood travel portal
  • 3% cash-back on all other purchases

While we don’t have any details yet on what the Robinhood travel portal will look like, earning an uncapped 3% cash-back on all purchases is outstanding. For comparison, most catch-all cash-back credit cards max out at 2% cash-back on all purchases.

In fact, the only card that comes close to that amount of cash-back is the Bank of America® Unlimited Cash Rewards credit card if you also happen to have Bank of American Preferred Rewards Platinum Honors status (which requires that you hold $100,000+ in assets in eligible Bank of America and Merrill Lynch accounts), which tops out at 2.625% cash-back on all purchases.

Hot Tip:

If you’re curious about what other options you have for cash-back cards, check out our complete guide to the best cash-back credit cards.

Robinhood Gold Card Details

Aside from its cash-back rewards, the Robinhood Gold card will come with the following benefits:

  • No annual fee (*requires a Robinhood Gold membership billed at $5 per month)
  • No foreign transaction fees
  • Trip interruption protection and rental car insurance coverage
  • Purchase security and return protection

As a Visa Signature card, the card will come with the full suite of perks you can expect from all other Visa Signature cards. Additionally, while the card is being marketed as a no-annual-fee card, it does require you to have a Robinhood Gold membership to hold the card — which costs $5 per month.

Lastly, the metal credit card will weigh 17 grams and be made of stainless steel. Those who refer 10 people to the card will receive a limited edition 36-gram 10K gold card (worth ~$1,100), but this is limited to the first 5,000 people to do so.

Final Thoughts

If you are already a Robinhood Gold customer or are staunchly team cash-back, you will not find a credit card with a higher cash-back rate on all purchases than the Robinhood Gold card.

The card is set to launch later this year, but those who think it might be a good fit for them can register their interest by joining the waitlist on Robinhood’s website.

The information regarding the Bank of America® Unlimited Cash Rewards was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Jarrod West's image

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.


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