Robinhood Gold Card Review 2024: Millennial Money

In 2024, Robinhood announced the launch of its first credit card., Robin Hood Gold Card. With an advantageous flat rate across all spending categories and increased cashback on travel, we think this card is worth considering, especially if you’re already a Robinhood Gold member.

The Gold Card is due to launch later this year, and you can join the waiting list now to secure your place. It’s a 17-gram stainless steel Visa signature, and the card is issued by Coastal Community Bank, a member of the FDIC.

We’ve reviewed all of the card’s key features, fees, and reward redemption options below to help you decide if the Robin Hood Gold Card is a worthwhile addition to your wallet.

Robin Hood Gold Card Review

Some important details of Robin Hood Gold Card to be aware of:

  • Reward Rate: 3%
  • Bonus Rewards Rate: 5% on travel
  • April: 19.99% – 29.99%
  • Annual Fee: no; Robinhood Gold subscription required ($5 per month)
  • Welcome Bonus: no


The most prominent feature of the Robinhood Gold Card is its flat rate of 3% cashback across all categories, with a 5% bonus rate on purchases made through Robinhood’s travel portal.

Here are some other notable features of the card that we think you should know about:

  • Family Characteristics: Robinhood does not impose age restrictions on authorized users, allowing children to build their credit. You can also track your family’s card usage, set spending limits and lock the card.
  • Virtual Cards: For added security, you can make digital purchases using virtual cards with disposable numbers.
  • Travel Perks: The card offers travel interruption protection, visa signature concierge service, and travel and emergency assistance.
  • Purchase Protection: Cardholders also get purchase protection, extended warranty protection, return protection, and zero liability coverage.
  • Vehicle Assistance: Additionally, the card offers car rental damage waivers and roadside dispatch.
  • Robin Hood Integration: The Robinhood Credit Card app integrates seamlessly with the Robinhood Investment app, so Gold members can transfer rewards to their brokerage account.


As we mentioned earlier, the Gold card pays 3% cash back across all spending categories, except for travel bookings through Robinhood, which earn 5%.

The Gold Card gives you four options for redeeming your credit card rewards:

  1. Cashback Rewards: While you can’t cash your rewards directly for cash, you can use them as cash back in your Robinhood brokerage account, where you can invest funds or your uninvested cash. Can get competitive APY on
  2. Travel Portal: You can also use points to make travel purchases through the Robinhood travel portal.
  3. Shopping Portal: If you prefer to shop with your cash back rewards, you can apply your points to purchases at Robinhood’s partner merchants.
  4. Gift Cards: Similarly, you can redeem your rewards for gift cards from multiple merchants in Robinhood’s rewards portal.

The fee

The biggest draw of the Robin Hood Gold Card is its lack of fees. Although you must be a Robin Hood Gold subscriber, the card has no monthly fee. There are also no foreign transaction, balance transfer, or overage fees.

There are a few fees for actions like late payments, chargebacks, and cash advances, which are standard in the credit card industry. You must also pay the Robinhood Gold membership fee to be eligible for the card.

Unlike some of its competitors, Robinhood is not currently offering a welcome bonus for its new Gold customers.

Although there is no welcome offer, there is one going on. Solid Gold Referral Program. If you join the waiting list for the card and make 10 qualified referrals, you’ll receive a real 10-karat solid gold card or a comparable cash reward.

getting started

You can. Join the waiting list. For the Robinhood Gold Credit Card by entering your email address on the Robinhood website. From there, you’ll be able to refer friends and be notified when cards become available.

Before applying, it’s important to take a look at the fine print. Robinhood notes that you can check your approval without affecting your credit score. Once you’ve accepted a card offer, you’ll be subject to a hard credit pull, which can temporarily affect your score.

Keep in mind that you must have a Robin Hood Gold membership to be eligible for the Gold Card. Robinhood Gold comes with a 30-day free trial, but you can’t unlock a Gold card until your free trial period is over.

Advantages and disadvantages

Like any credit card, the Robinhood Gold Card has some pros and cons. Here are some of the biggest pros and cons to consider before applying for a card:


  • No foreign transaction or annual fees: Gold Card’s limited account fees make it an attractive choice to get maximum cashback.
  • No age limit for authorized users: Gold customers looking for help extending credit to their children, regardless of their age, can add them as authorized customers.
  • Best Cashback Rate on All Categories: With Robinhood, there are no rotating categories or cash back caps to worry about. With additional rewards on travel bookings, you get the same flat rate across all spend categories.

Cons of

  • Robin Hood Gold subscription requires: While the card itself has no annual fee, it is only available to Robinhood Gold members, who are required to pay an ongoing subscription fee for Robinhood’s premium investing tools.
  • No simple cashback redemption: If you wish to redeem your rewards for cash, you must transfer them to your Robinhood Brokerage Cash account. From there, you can let the money sit and collect interest, invest it, or withdraw it, which takes an extra step.

Who is the Robin Hood Gold Card best for?

The Robin Hood Gold Card is not suitable for everyone. If you use a different investment platform and don’t want to invest with Robinhood, consider another cash back card that requires you to have a Robinhood account or subscribe to its Gold plan for a fee. No need to.

If you already use Robinhood for investing and are considering upgrading to a Gold account anyway, the card can enable its subscription. And if you currently subscribe to Robin Hood Gold, adding the card to your wallet is a no-brainer that can help you easily earn competitive flat-rate cashback on all your purchases.

Bottom line—compare the cost of a gold membership to the cashback you expect and the value the gold plan will add to your investment plan to see if the card is worth it.

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