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Robinhood Unveils $695 Platinum Credit Card With $3,000-Plus Perks

The invite-only card signals Robinhood's pivot toward wealthier customers.

Overview

  • The premium Visa Infinite product offers 10% cash back on hotels through Robinhood’s portal, 5% on portal-booked flights, 5% on dining up to $50,000 a year, and 1% on other purchases.
  • Perks are driven by time-sliced credits and memberships — including hotel and travel credits, DoorDash and dining credits, wearables and autonomous rides credits, Priority Pass lounge access, and One Medical, Function Health, and Oura — which reviewers say function like a coupon book.
  • Cash back can be taken as a statement credit or moved into a Robinhood brokerage account, and the metal card features 99.9% platinum plating.
  • Initial access is by invitation with a request list open, and issuing is reported to be through Coastal Community Bank.
  • Robinhood paired the launch with custodial and family-investing tools as part of a broader platform push, while HOOD shares rose about 8% intraday and roughly 2% after hours around the announcement.