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Robinhood 3% cash back card (aka Robinhood Gold credit card)
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Apr 14, 2024 | 1:28 pm
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Codename47
Join Date:
Jun 2014
Posts:
55
Quote:
Originally Posted by
radonc1
I didn't catch this little goodie, however..
Apparently there is a subscription fee to be able to get to Gold so that you can get this card :
Your first 30 days are free, then a subscription fee applies.
https://robinhood.com/us/en/gold/
Something else that other posters haven't mentioned is that you get $1000 of free margin. You could borrow this (for free) and put it into a conservative ETF like SGOV (5.42% 30 day SEC yield) and earn about $4.51/mo in interest which means that your Robinhood Gold is essentially free. Now stack on the other benefits (most notably the 3% IRA match) and you're coming out well ahead.
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Codename47
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Your first 30 days are free, then a subscription fee applies.
https://robinhood.com/us/en/gold/