Robinhood Gold Card Review: Unlimited 3% Cash Back on All Purchases
The premium stainless steel card exclusively for Gold members. No category restrictions, no annual fee, and seamless integration with your investments.
The premium stainless steel card exclusively for Gold members. No category restrictions, no annual fee, and seamless integration with your investments.
The Robinhood Gold Card is making waves in the financial world as one of the most compelling cash back credit cards on the market today. Launched in 2023, this premium credit card offers an industry-leading 3% cash back on all purchases with no category restrictions or spending caps.
What sets the Robinhood Gold Card apart from competitors is its combination of high rewards rate, zero annual fee (beyond the $5/month Gold membership you likely already have), and seamless integration with the Robinhood investment platform. This unique combination allows you to turn everyday spending into long-term wealth building, making it particularly attractive for investors looking to maximize returns while enjoying premium credit card benefits.
Currently, the Robinhood Gold Card is available exclusively to Robinhood Gold members by invitation or waitlist. Our comprehensive review explores everything you need to know about this innovative credit card, from its rewards structure to application process and how it compares to other leading cash back cards.
Earn 3% cash back on all purchases with no category restrictions, spending caps, or rotating categories. This flat rate applies to everything you buy, making it one of the highest unlimited cash back rates available.
Unlike many premium rewards cards, the Robinhood Gold Card has no annual fee beyond the standard Robinhood Gold membership ($5/month). This significantly increases the card's value proposition compared to competitors.
Seamlessly deposit your cash back rewards directly into your Robinhood investment account, allowing your rewards to potentially grow over time through market investments.
Use your card internationally without incurring additional fees, making it an excellent choice for travelers who want to earn rewards while abroad.
Enjoy advanced security features including virtual card numbers for online shopping, instant card freeze capabilities, and real-time transaction notifications.
The Robinhood Gold Card is crafted from stainless steel, offering a premium look and feel that stands out from traditional plastic cards.
The Robinhood Gold Card isn't just rewarding—it's a statement. Crafted from stainless steel and weighing 17 grams, this sleek card stands out from the plastic in your wallet.
The Robinhood Gold Card offers a straightforward rewards structure with 3% cash back on all purchases. There are no complicated category restrictions, no quarterly activations, and no spending caps to track.
Cash back rewards can be redeemed in multiple ways:
The Robinhood Gold Card offers competitive interest rates compared to similar premium cards. While rates vary based on creditworthiness, the card features:
The card is fully integrated with the Robinhood app, allowing cardholders to:
The Robinhood Gold Card is currently available by invitation or waitlist to Robinhood Gold members. To be eligible for consideration, you'll need to meet the following criteria:
You must be an active Robinhood Gold member, which costs $5 per month.
You must be at least 18 years old and a U.S. resident with a valid Social Security Number.
While Robinhood doesn't disclose specific credit score requirements, reports suggest that applicants with good to excellent credit scores (670+) have better approval odds.
You must have a verifiable source of income to demonstrate ability to pay. Specific income thresholds aren't disclosed but are considered during the application review.
Currently, the Robinhood Gold Card is available through a waitlist system. Here's what you should know:
See how the Robinhood Gold Card stacks up against other popular cash back credit cards on the market. The comparison below highlights key features and benefits to help you determine which card best suits your needs.
| Feature | Robinhood Gold Card | Citi Double Cash | Chase Freedom Unlimited | Amex Blue Cash Preferred |
|---|---|---|---|---|
| Cash Back Rate | 3% on all purchases | 2% on all purchases (1% when you buy + 1% when you pay) | 1.5% on all purchases, 3-5% in select categories | 6% on groceries & streaming, 3% on transit & gas, 1% on everything else |
| Annual Fee | $0 (requires $5/month Gold membership) | $0 | $0 | $95 |
| Foreign Transaction Fee | None | 3% | 3% | 2.7% |
| Welcome Bonus | None currently | None | $200 after spending $500 in first 3 months | $350 after spending $3,000 in first 6 months |
| Card Material | Stainless Steel | Plastic | Plastic | Plastic |
| Investment Integration | Yes - direct to Robinhood account | No | No | No |
| Spending Caps | None | None | Caps on bonus categories | 6% grocery capped at $6,000/year |
If you're not already a Robinhood Gold member, you'll need to sign up for the service, which costs $5 per month. This gives you access to premium features like Level II market data, professional research, and larger instant deposits.
Join Robinhood GoldOnce you're a Gold member, visit the credit card section in the Robinhood app or website to join the waitlist for the Robinhood Gold Card.
Join the WaitlistYou can move up the waitlist by referring friends to Robinhood. Each successful referral improves your position, potentially giving you earlier access to the card.
Once you reach the front of the waitlist, Robinhood will send you an invitation to apply for the Gold Card. This invitation will be sent to your registered email address and will also appear in the app.
After receiving your invitation, you'll need to complete a formal credit card application. This will include:
If approved, your metal Robinhood Gold Card will be shipped to your address. While waiting for the physical card, you may be able to access a digital version of your card for immediate use with mobile payment systems.
The Robinhood Gold Card offers exceptional value for everyday spenders. Use our interactive calculator to see how much you could earn in cash back rewards based on your monthly spending.
Enter your average monthly spending to see how the Robinhood Gold Card compares to other popular cash back cards.
3% cash back on all purchases
2% on all purchases with no annual fee
1.5% on all purchases with no annual fee
Note: This calculator assumes consistent spending across all categories. Your actual rewards may vary based on your specific spending patterns and card usage.
Since the Robinhood Gold Card offers a flat 3% on everything, use it as your primary card for all spending to maximize rewards.
Configure your rewards to automatically deposit into your investment account to benefit from compound growth over time.
Set up automatic payments for recurring bills like utilities, streaming services, and subscriptions to earn 3% on these expenses.
The Robinhood Gold Card is a premium credit card offered exclusively to Robinhood Gold members. It provides 3% cash back on all purchases with no category restrictions or spending caps, has no annual fee beyond the Gold membership cost, and features a premium stainless steel design.
To qualify for the Robinhood Gold Card, you must:
The Robinhood Gold Card itself has no annual fee. However, you must maintain an active Robinhood Gold membership, which costs $5 per month ($60 per year). This membership provides additional benefits beyond the card, including higher interest on uninvested cash, professional research, and Level II market data.
The Robinhood Gold Card offers a flat 3% cash back on all purchases with no category restrictions, no quarterly activations, and no spending caps. This means you earn 3% back on everything you buy, regardless of merchant category or spending amount. The cash back is calculated on the purchase amount and is credited to your account after the transaction posts.
You can redeem your cash back rewards in several ways:
Redemptions can be managed through the Robinhood app or website.
Robinhood doesn't publicly disclose specific credit score requirements for the Gold Card. However, based on user reports, applicants with good to excellent credit scores (670 or higher) have better approval odds. Keep in mind that credit score is just one factor in the approval decision, and Robinhood also considers income, debt-to-income ratio, and other financial factors.
The waitlist time varies depending on demand and availability. Some users report receiving invitations within a few weeks, while others may wait several months. You can potentially improve your position on the waitlist by referring friends to Robinhood. The company sends out invitations in batches as the card becomes more widely available.
No, the Robinhood Gold Card does not charge foreign transaction fees. This makes it an excellent choice for international travel and purchases from foreign merchants, as you'll earn 3% cash back without incurring the typical 3% foreign transaction fee that many other cards charge.
The Robinhood Gold Card offers a variable APR ranging from 14.99% to 24.99%, depending on your creditworthiness. Other fees include:
To avoid interest charges, pay your balance in full each month by the due date.
Yes, you can add authorized users to your Robinhood Gold Card. Authorized users can make purchases that earn cash back, but the primary cardholder is responsible for all charges. You can manage authorized users, set spending limits, and monitor their transactions through the Robinhood app.
After thoroughly reviewing the Robinhood Gold Card, we believe it offers exceptional value for most consumers, particularly those who already use Robinhood for investing. The flat 3% cash back rate on all purchases is currently unmatched in the market for cards with no spending caps or category restrictions.
While the card does require a Robinhood Gold membership ($5/month), this cost is easily offset once you spend more than $250 per month on the card. For the average American household that spends $5,000+ monthly across all categories, this card could generate over $1,800 in annual cash back rewards.
The seamless integration with Robinhood's investment platform adds another layer of value, allowing cardholders to automatically invest their rewards and potentially grow them over time.
The Robinhood Gold Card is an excellent choice for:
However, if you're someone who spends heavily in specific categories like groceries, dining, or travel, you might get more value from a card that offers bonus rates in those categories. Additionally, if you're looking for premium travel benefits like airport lounge access or travel insurance, you may want to consider a dedicated travel rewards card instead.