Robinhood introduces credit card for gold members

Introduction

The world of fintech continues to evolve with new and existing players providing innovation through various products and services. Robinhood is best known as a crypto trading platform. But right now, it is expanding its fintech landscape too with this announcement of a gold credit card for premium members. This credit card is loaded with features that will definitely pull in a lot of new users.

International credit cards are in high demand with users often preferring to pay for various products and services with their card. In this article, we will take a look at this amazing card from Robinhood. Perhaps, you might find the service useful and decide to be among the early users by joining the waiting list. First of all, here is a little about Robinhood.

Get to know Robinhood

Robinhood is popular in the crypto space as an exchange platform. There are millions of users of the platform who buy, sell and send crypto. The platform boasts some of the cheapest rates when you are buying or trading digital assets. They boast a secure wallet to store your assets and ensure that fraud is nearly zero on their platform. They feature advanced trading resources for armature and expert traders too.

Robinhood is not just crypto all through. They also offer lots of financial products and services too. Customers could take advantage of the various financial investment opportunities on the platform including trading stocks, ETFs and other securities. These and many more are some of the services offered by Robinhood.

Expanding their fintech services, they recently announced the gold credit card which is yet to be launched. There is a waiting list and interested customers are asked to join. Here is why you might want to do so.

Robinhood gold card

While the credit card is not made from gold material, it does offer users with lots of incentives if they decide to shop or pay with it. Of course, it has golden color and weighs less than less than 20 grams. But what really made this card unique is that it comes loaded with features that rivals would be jealous of. Consider the following:

• Fees: Many card services often charge fees for using their card. Some charge monthly while others charge annual renewal fees. But this particular credit card is different. Gold members of Robinhood are entitled to this card free of charge. Besides attracting no usage fees, the card could be used for international transactions too at no cost at all. With so many card service providers making a fortune on fees, Robinhood gold credit card will attract users with this freemium model.

• Discounts: Besides no-usage fees, the credit card also allows its users the the opportunity to earn when they make payments. There are discounts up to 3% or more depending on the type of transaction made. For example, if a user books travel with the card on the Robinhood travel platform, they earn 5% back of the travel fees they paid.

Whatever you are paying for with the credit card pays 3% discount of the fee whether it checking out at a shopping store or paying for food at the restaurant. The discount feature will make users keep on paying with the card.

• Virtual: If you are tired of walking around with a wallet-load of cards, then worry no more. This gold card from Robinhood has the virtual ones too. It simply means that you can opt to use the card without carrying loads. This is really cute for everyone. Besides, the virtual cards are for one-time use. So if a user is at the restaurant, they might decide to create a card and use it just for that transaction.

• Family package: The gold card comes with a 5-member family option on the same account. This is pretty cool, isn't it? That means each family member up to a total of 5 persons can get the gold card and all are tied to the same account. This is really cool. Families could actually decide to spend from the same purse in order to be smart with spending and reduce excesses.

• Security: The credit card comes with lots of security features to ensure that users funds are safe. One of the security feature is that there are no numbers written on the physical cards as is always the case with Mastercards. The no-number design ensures that if the user misplaces the card and it falls into wrong hands, it will be difficult for the criminal to lay hands on any personal details of the user.

Conclusion

Robinhood is really making the card services sector really competitive with the gold credit card. The card is not out yet. Users that are interested can join the waiting list. If you are interested in doing that, you can click here. Remember to do your own research.

Note: Thumbnail is mine.

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