NEW Robinhood Gold Card: 3% on EVERYTHING | First Impressions

Timeline
0:00 Start Here
0:29 Robinhood Gold Credit Card Overview
2:46 DeleteMe
5:02 Team Cash Back
6:04 Alternatives
6:55 Team Intro Bonuses
8:54 Team Travel
11:51 Robinhood Gold
12:45 Robinhood Gold Card Fine Print - TAXES!
14:13 Final Questions

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The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available

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[shawn]

I asked the customer service and they won't product change X1 to Gold card. "To clarify, X1 users will not transition to the Gold card. For context, these are two separate credit cards and the X1 Card will continue to be functional for all current X1 customers."

[theshonen]

3% means that Robinhood is losing money since Visa charges 1.5- 3% fees from merchants and Robinhood needs to split that profit with Visa and PoS systems like PayPal. That means Robinhood is relying on people to sign up for Robinhood Gold and think, "Well, I already have this great benefit, might as well use it to invest my money." If you are an existing Robinhood investor then this doesn't impact you, but if you're not then it is influencing your decision on where you invest your money.

[rosgyallay]

I’ll use my Bilt card for 3x dining+rent for transfer partners. I’ll use the Citi custom cash for 5x groceries. I’ll get the Robinhood card because with gold they match you 3% on all Roth IRA contributions. That more than offsets the RH gold cost.

[metalheadami]

I appreciate the quick reporting to much selling talk from the ceo and news

[leprechaungold]

I hear whispers of riches beyond the glen, a magical 3% card that could earn gold again. But wait! There was more to this golden tale, Guinness Stew on Amex Gold without fail. And then, the Luxury Card Gold joined the fray, its concierge service ready to whisk me away. Three cards, three shades of gold—oh, a trifecta in sight! This lep clutched them close, me heart taking flight.

[travdx]

Need an update from the video from 2 days ago regarding the CSR priority pass restaurants. Tragedy has struck the credit card community again 😢

[dgasmd]

One huge benefit I see on the 3x cash back side is for when you travel overseas, whether it is frequent vacations or as an expat. Car rental (regardless of where you book it-portal or not) gas, groceries, restaurants, and basically everything (electric/gas, streaming, etc) that can be paid overseas can be done with this 3x. Hardly any card, free or not, in the US would cover all these. Especially with one card!! EVEN IF YOU PAID THE $50/YEAR!!!

[Nivek]

After the whole Gamestop fiasco i would not give money to robinhood even if you paid me to.

[RubySapior]

Already wanted to get rh gold. And your telling me I can get 3% back on all purchases??? This is probably my main credit card now.

[jon]

The promise of flying businesses on points is a borderline scam. They're definitely a good deal if you can book them, the problem is the number of business class seats that are available is very low so actually redeeming your points is very difficult. Basically have to be very flexible with when and where you're traveling (which exludes most of us since we have to plan our time off with our employers) and even then you have to get lucky. Even if you find an availability, it might be gone by the time you are able to transfer points and if you preemptively transfer points you're likely to get stuck with devalued miles before you are able to redeem.

[TechVidGuy]

I agree about the weakness of not having an intro bonus on this. The PayPal card is still hands down the best 3% option for me. No fees, just works, as long as you can position your spend to paying with PayPal.

[thewhitefox]

Adding this as my all catch card. Team cash back 🦊

[icandmarquez]

If you work in financial services, you might be restricted to which brokers you're allowed to do business with. So RH might not even be an option. That being said, I would still pass on this one.

[jk-gnfu]

Also 5% APY interest rate for your cash deposit. So if you can make more than extra $5 a month with these extra interest rates and savings, it's worth it.

[akin]

Good deal for the users even with the $5 Gold fee, but far from sustainable. The company is barely breaking even. Just customer bait before raising the fees in a year or 2 years from now.

[ghgilland]

Heavily consdiering a hybrid setup with this card. Still heavily team travel, but some seasons travel is light for our family. This could provide some great flexibility for our family.

[Aguynearu]

Wow they make it almost impossible to get the card in 10k gold

[Jdmtunerlover]

I dont think you mention youll get 3% on rith ira deposits also.

[ronakparikh]

I am more hyped about the 1% deposit bonus they announced with this card, now that is a good deal

[Stormtrooper]

I can't find an option to do the 50 dollar annual? It's only letting me do the monthly 5 bucks? Does anyone know how to switch it?