Full details surrounding the new Robinhood credit card are now available:
- Requires Robinhood gold membership to apply for ($5 per month or $50 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 $1,000)
Card is currently waitlisted so you can’t sign up directly. You’d need to spend $6,000 on the card (or $5,000 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