Can you really profit from the new Robinhood credit card, or is it just a gilded trap?
- Robinhood credit card now available without Gold, but not everyone will see the offer.
- Earnings rewards excluded for bill-pay transactions and certain purchases.
- Requires Robinhood Gold membership to apply ($6.99/month or $75/year).
- Earn 5x points on travel portal purchases, 3x points on all other transactions.
- Points redeemable for 1¢ each into brokerage accounts or for gift cards.
Update 10/15/26: You can get the card without Robinhood Gold by applying through Credit Karma, but not everybody will see the offer and the work around no longer works. Hat tip to reader Raynor
Update 1/14/26: They recently sent out an update to the terms excluding earnings rewards on bill-pay transactions, such as rent/housing payments and taxes. (ht reader tuphat) Another reader was reprimanded for using the card on gift cards or purchases which resemble business transactions. (ht John John) We’ve been hearing about such restrictions from Robinhood for a while, just thought it worth adding an update here.
Original Post 3/28/24:
Full details surrounding the new Robinhood credit card are now available:
- Requires Robinhood gold membership to apply for ($6.99 per month or $75 annually)
- Card earns at the following rates:
- Earn 5x per $1 spent through the Robinhood travel portal
- Earn 3x points per $1 spent on all purchases (no cap)
- No foreign transaction fees
- Points are worth 1¢ each (can be redeemed into your brokerage account, via the travel portal or for giftcards)
- Refer 10 friends and receive a solid gold card (worth $1,100)
Card is currently waitlisted so you can’t sign up directly. You’d need to spend $6,999 on the card (or $7,500 if you went for the annual Robinhood gold membership) to come out ahead against a 2% card to account for the $5 monthly fee. Although Robinhood gold does come with some other good benefits like the 3% IRA match
