New Robinhood Gold Credit Card Features and Fine Print

Robinhood's new Credit Card was just released and it has some strong features like 3% rewards on all categories, no annual fee, and a slick gold look. But what's hidden in the fine print? Let's dive into the details and decide if this card is worth getting!

I reserved my spot for the new Robinhood Gold Card! Here’s my link so you can get access, too.

⏱Handy Timeline:
0:00 Gold!
0:09 Prediction
0:25 Is it good?
0:46 Features!
3:55 Features of Robinhood Gold
4:23 New FEATURE????
4:49 What's hidden in the fine print?
7:15 Summary
7:38 Agreement
7:55 Is Robinhood Gold worth it?

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#BrendanEvan
Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!

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[alex_ole]

I mean lots of people will try to hate on this. But 3% Cash Back is actually better than many Credit Cards out there.

[mtinajero]

This video was a big hit for you Brendan! Congrats man!

[Mark-och]

I wonder when they gonna release the card though

[Lexusupra]

Gentleman’s agreement ✅ just subscribed and liked ;) thank you for the awesome video

[MB]

So how long does it take to get it? Do you have it yet?

[takatsu]

The hurdle rate to cover the $50 or $60 Robinhood Gold membership is to charge $5000 (1% of 5k is $50) so you really only start getting 3% cash back after charging more than $5k. A suite of 3-4 other no fee cards will easily beat the Robinhood 3% cash back. The only thing where Robinhood really excels is their IRA match, but you have to be eligible. Plus, the match might be great, but if you ever want to contribute back door to a Roth IRA, the tax inefficiency caused by a traditional IRA is something to keep in mind.

[elizabeths.]

Great video. I do have one stupid question. Can you use money in your Robinhood Gold account to pay off your Robinhood credit card?

[SethuSenthil]

I wonder what happens if you cancel your Gold plan after you get the card

[noahclay]

The 1% is only from other investment accounts not from your bank account

[thewhitefox]

3% Match is gonna kill a lot of 1.5 and 2% cards 🚀 🫡🦊

[NathanTheTall]

Is a $40 replacement card fee standard? (5:09) All the credit card's I've used up till now will send a replacement for free, sometimes even by next day air.

[brannen]

Where does the 3% cash back monthly money get transferred to? Any bank checking account (ie. Citi or Chase) or Robiinhood has a bank checking account to access cash withdrawals?

[domingoluevano]

Do you have any link that we can use to get robinhood?

[andrewallen]

How did you not mention that the one cent per point is only the eligible rate if you leave the cash in the Robinhood account? They’re gonna give you a worse rate if you want physical cash to spend

[TheTechCguy]

I’m game for this card! I love it! ❤️👌

[cashoption]

Where's the wait list it was on app i thought now its gone

[brianlee]

How do I pay for the annual gold fee instead of the monthly fee?

[mere_cat]

Dang! Robinhood is knocking it out of the park! Too bad I just transferred everything over to M1 Finance. 😂

[curtisbear]

Only thing i would worry about is robinhood gold canceling on me then my card stops working.

Im interested and the card looks nice on top of the benefits. However i want a nice app with my card. I very much like my discover app for example. Being backed by visa is nice as well.

[KL-iidt]

Wait 1% on deposits? What happens if I cycle through depositing and withdrawing? What about my existing cash balance?