NEW ROBINHOOD GOLD CARD & ROBINHOOD GOLD PERKS ARE INSANE (EP. 171)

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In today's video I want to talk about the new Robinhood Gold perks that were introduced yesterday. This includes things like the new Robinhood gold card, the Robinhood unlimited deposit boost and more. Robinhood Gold is only $5/month and you do need a Robinhood Gold membership to get the Robinhood Gold credit card.

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What he didn't mention about the gold card is that there is a referral competition to get a chance to get a solid 10k gold card as well

Truck--kun
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Gold card is gonna kill my double cash card. I'm in.

bertuzzi
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Exiting 3% is huge just spend on your everyday things and get money back.

Mario
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1% on deposits (vested over 24 months)
Currently my direct deposits go Wells Fargo and then I transfer to RH as needed. Using WF for household operations such as auto pay (mortgage, bills, subscriptions, etc) Most of this could be done in RH.
Future state - I will have my pay checks direct deposit to RH and move some funds to WF (striving to separate 100% from WF) as needed.
I think this makes the most sense to max the gains for the 1%.
NOTE: Direct deposit to RH is only to the Spending account. The 1% applies to deposits to your brokerage account (I believe) so would require a transfer from Spending account to Brokerage.

markindy
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Robinhood has really turned it around In the last 2 years.

thechuck
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1% paid out over 2 years and if you make any withdrawals, it's all charged back, read the fine print, but it makes for a nice headline, lol

jw
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Has anypne actually gotten the card yet? I applied 2-3 months ago & still waiting, but dont have gold or priority access.

xxshcxx
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The boost if I keep adding 100k and than take it out and keep doing it can’t I get 1000 free??

Keep-grinding-
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Can't you also move it from the brokage into the ira so 3% plus 1% plus 3% ira match

codygordon
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If you are a robinhood gold member will you automatically get this credit card or is it only for people with high credit scores?

j
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Howardjensen
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If you have a RH Gold account, you can't have a cash account for options trading, which really sucks.

grvocl
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Do you know what happens once we cancel the gold membership? Do we continue using the card?

pantherr
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Does Robinhood also pay the 5% on collateral on cash-secured-puts?

TravelWorld