Robinhood is set to launch a new credit card, although this is really a rebrand of the X1 credit card after Robinhood acquired X1 for $95 million in June last year. The Robinhood card will offer the following:
- Earn 3x points per $1 spent on all purchases
- Refer 10 friends and receive a solid gold card (can see some pictures of what that looks like here)
X1 card had a cap of $7,500 in spend per month for earning 3x points. Points were only worth 1¢ against select merchants and 0.75¢ towards other merchants. You can view coverage of the x1 card in the past here.
William Charles
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