NEW Must-Have Cash Back Card? | Robinhood Gold Card Review

Could the Robinhood Gold be the NEW Best Cash back card? Compared to Double Cash, Active Cash, and even the Apple card, the 3% back on EVERYTHING with the Robinhood Gold is a game changer! In this video, we break down all the details you’d need to know, why the “annual fee” could earn you thousands, Robinhood’s grand plan, and who this card is really for.

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[KevinYang]

Question for you: Will you be adding this card to your wallet? Why or why not? 👇

[battery_wattage]

Please explain 5:35. I have to spend 5k in order to break even the $50 annual fee?

50/.03 = 1666
5000*.03 = 150
If my math is correct, spending 5k will give me rewards that exceed the $50.

I intend to get Robinhood gold eventually when my income increases, but for now I just want it for this card. That’s why I care about this confusion of mine.

[medabotsb]

Does the cashback apply for rental payments?

[Enviously]

Do we have any idea when the roll out will start?

[ExtraGuac]

Which $60 AF is better? Bilt or Robinhood?

[Omega_thehusky]

yeah im gonna be honest that 1% is actually insane and its becoming more insane as i continue to deposit into robinhood lol i just have a minimum wage job soo just getting 60% for the couple months ive been investing is nice ill take an extra 60 anyway i can get it lol i was already semi interested in robinhood cause the card but this on top of the card on top of the 5% on saving money their is crazy

[DC_Consulting_DC]

Hard pass. I'll stick with my CITI Double Cash/Custom Cash combo.

[AndersonChao-vszf]

I don't trust there customer service

[elderglass]

So if I get the card and use it do the money come from the your account or money that’s not invested?

[jefferylorance]

Thank you for sharing all of the information needed. to consider getting this card..

[RajunCajun]

The 1% match to your taxable account deposits is paid out over a 24 month period. Unfortunately, It’s not an instant match.

[gsctrading]

I am with you Kevin on that wait list. Most existing cash back cards offering 2% back or more have either foreign transactions fees of close to 3% or some annual fee. The nice feature about this card is the simplicity of knowing that you're getting 3% cash back anywhere you're using it. Also, I disagree with people who state that the $50 Robinhood annual gold membership should be viewed as the annual fee of the gold card, as they assumes that all the features of the gold membership are worhtless! The 5% APY on deposits, 3% IRA match and most importantly 1% deposit match are all nice features that should count for something.

[joec]

It's a very good end-game or gardening card, but with so many cards with awesome SUB, this is not at the top of the list especially if you consider Chase 5/24.

[Lifeissorich.]

The CEO said he can't make a verbal commitment that the card will be 3% for 18 months after launch so that's all I need to know not to apply.

[shawn.credit]

I don’t feel this card will serve much purpose. The X1 Visa Signature card is the superior card, not sure why Robinhood bought the X1 portfolio and then killed off the card and released this crap. The X1+ card was supposed to be released this spring and those plans have been scrapped Robinhood never should have bought X1.

[magic]

Discover card will give 5% back but on only special things, that change every month.

[henryjiang]

Kroger Mastercard Apple Pay first 3000 as 5% and later 2% issued by US Bank and no annual fee

[deanyt]

You’re wrong that Apple Card only gives 3% at Apple. It gives 3% for any purchase using Apple Pay as well. Since most merchants take Apple Pay now it’s still a good option.