Review
Updated
Fact Checked
Nathan Alderman
The Robinhood Gold Card is a simple card with lots of cash back for Robinhood Gold members. It combines a low annual fee with flat, market-beating rewards. Read our full review to determine if this credit card is right for you.
Robinhood Gold Card
Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Good (670-850)
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
20.24% – 29.99% (variable)
Rewards 3% cash back on all categories. 5% cash back when you book travel through the Robinhood travel portal.
3%-5% cash back
Annual Fee
None
Welcome Offer
N/A
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This credit card offers 3% cash back on everyday spending and 5% on travel, with no annual or foreign transaction fees, but requires a paid Robinhood Gold membership. It's an excellent card for Robinhood users who spend simply.
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- 3% cash back on everyday purchases
- 5% cash back on purchases through the Robinhood travel portal (TBD)
- No annual or foreign transaction fees
- Integration with Robinhood app
- Family-friendly features
- Fast and easy application
- Stainless steel card
- Robinhood Gold membership required
- Robinhood users must download yet another app
- No welcome bonus
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- 3% cash back on all categories
- No annual fee
- No foreign transaction fees
- Get 5% cash back when you book travel through the Robinhood travel portal
Credit card comparison
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
| Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
|---|---|---|---|---|---|
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Discover will match all the cash back you’ve earned at the end of your first year. N/A | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 17.24% - 28.24% Variable APR |
|
|
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Up to $300 cash back Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases. | 1.5% - 5% cash back Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases |
Intro: 0% Intro APR on Purchases and Balance Transfers for 15 months Purchases: 0% Intro APR on Purchases, 15 months Balance Transfers: 0% Intro APR on Balance Transfers, 15 months Regular: 20.49% - 29.24% Variable |
Apply Now for Chase Freedom Unlimited®
On Chase's Secure Website. |
|
Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
75,000 bonus points Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠. | 5x on travel purchased through Chase Travel℠, 3x on dining and 2x on all other travel purchases Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. |
Intro: N/A Purchases: N/A Balance Transfers: N/A Regular: 21.49%-28.49% Variable |
Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
Full Robinhood Gold Card review
This credit card is a good fit for: Robinhood users who want to spend without agonizing over their card's rewards. The card offers market-beating 3% flat cash-back rewards on all spending categories, but the card is exclusive to Robinhood Gold subscribers.
Top perks
The Robinhood Gold Card is a great cash back card for everyday spenders. Robinhood Gold members pay no extra annual fee, and subscribing to Robinhood Gold for a month costs less than a cup of coffee. The card offers 5% cash back on purchases through the Robinhood travel portal and 3% on everything else.
3% cash back on everyday purchases
Robinhood offers a flat 3% cash back on all categories, better than any flat cash back credit card offer we've seen from competitors. It's simple to use, and there are no rotating rewards categories to track. This perk is perfect for casual spenders. Just swipe and go.
5% cash back on purchases through the Robinhood travel portal
According to the Robinhood website, users get 3% cash back when booking travel through the Robinhood travel portal with the Robinhood Gold Card. It's a generous perk, competitive with offers from the best travel credit cards with low annual fees. But Robinhood has yet to release the Robinhood travel portal. Until we know what we're getting, the jury is out. It's a perk worth keeping an eye on.
No annual or foreign transaction fees
There are zero annual or foreign transaction fees, which puts the Robinhood Gold Card in the rare class of cards that offers big rewards for low fees. However, there's a big caveat. You must be a Robinhood Gold member to access the card. As of the time of writing, a Robinhood Gold membership costs $5 monthly or $60 annually. You're essentially paying $60 for an annual credit card membership (unless you're already a monthly Gold user).
Even so, the fee is low compared to other top-tier rewards cards. If you spend $1,200 annually, you'll earn back a year's worth of membership fees; anything beyond that is bonus money.
Zero foreign transaction fees make the card ideal for spending abroad. Robinhood partners with Visa, so the network of out-of-country stores that accept the Gold Card is massive. The card offers Visa's signature trip interruption protection, further securing travel budgets.
Integration with the Robinhood app
The Robinhood credit card app synergizes well with the Robinhood brokerage app. For example, users can send cash back from their credit card app to the brokerage app in seconds, and the money is available to invest instantly. It's a simple way to turn credit card points into a recurring investment budget.
Family-friendly features
The Robinhood credit card app lets you do a lot for family members. You can designate other card users, limit their spending, and track purchases. According to Robinhood CEO Vladimir Tenev, users can grow the credit score of cardholders in this way. Parents can use this to improve their kids' credit scores, monitor spending, and teach good spending habits. Users may also add relatives who struggle to get credit card approvals.
Other perks include disposable virtual cards and anonymized purchases. Disposable virtual cards are exciting because they make canceling subscriptions easy. You go into the credit card app, select the virtual card, and cancel it. This is great for users who sign up for free trials and forget to cancel them (or hate the hassle).
Fast and easy application
Applying for the card is simple. You fill out some fields in the Robinhood app, then hit apply. During the demonstration offered during the Robinhood "Gold Standard" event, the on-stage presenter took less than two minutes to apply for the credit card and get approved.
Stainless steel
If you like the heavy feel of premium cards, you'll enjoy the feel of the Robinhood Gold Card. It's made of stainless steel, an uncommon perk. While many consider this an upside -- and it often is -- it's worth noting that stainless steel cards don't bend easily, making wallets less flexible.
What could be improved
The Robinhood Gold Card has a few drawbacks worth discussing.
Robinhood Gold membership required
Robinhood advertises "no annual fee" for the credit card. This is technically true, but in practice, users are paying $60 annually, thanks to the Robinhood Gold membership requirement. There are other flat-rate cards that don't charge annual fees of any kind. Consider alternatives if you're not okay with paying a monthly fee to use a credit card.
Robinhood users download yet another app
The credit card is not tied directly to their Robinhood brokerage app. Users must download a separate credit card app to manage their credit account. App bloat is a real pain. Worse, if you still need to become a Robinhood user, you'll need to sign up for two accounts: a Robinhood brokerage account and a credit card account.
No welcome bonus
Unlike competitors, Robinhood doesn't offer users a consistent welcome bonus. Standard credit card welcome bonuses are typically in the $100 to $1,000 range, so that's a lot of missing out. Robinhood offers users a limited-time promo to refer 10 people to Robinhood, but this is a hoop many users may be unable or unwilling to jump through.
Robinhood Gold Card is right for you if:
The card is right for you if:
- You want simple, generous rewards on everything.
- You're happy to pay $5 monthly for the Robinhood Gold membership.
- You're an active Robinhood user (they'll get the most bang for their buck).
Our credit card methodology
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
FAQs
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You can add your name to the waitlist through the Robinhood website. You don't need a Robinhood brokerage account or a Robinhood Gold membership to join the waitlist, but current Robinhood Gold members get priority access by signing up through the app.
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To apply, you must be a Robinhood Gold member and download a credit card app. You must also open a brokerage account with the platform and pay the monthly membership fee. That's two accounts and one fee. This could be one too many hoops to jump through, especially if you only want the card.
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Yes, the Robinhood Gold Card is a credit card exclusive to Robinhood Gold members. Robinhood offers a separate Cash Card that functions like a prepaid debit card to all Robinhood users.
Our Credit Cards Experts
Cole Tretheway is a full-time personal finance writer whose articles have been featured on The Ascent and The Motley Fool. He has a degree in English with a Certificate in Professional and Technical Communication from California Polytechnic University, SLO.
Fact Checked
Nathan Alderman
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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