Robinhood Launches Platinum Card, Family Accounts — HOOD Falls 4% Anyway
Robinhood (NASDAQ:HOOD) has unveiled a $695 Platinum credit card, family accounts, and trust accounts at its “Take Flight” event, yet HOOD fell 4% as technical weakness overshadowed product announcements.
The Platinum Card Launch
Robinhood introduced the Platinum Card, an invite-only premium credit card offering up to 5x higher credit limits than the Gold Card.
The annual fee is $695 with over $3,000 in annual value through benefits across dining, health, wellness, and travel.
Key benefits include 5% cash back on dining, $250 DoorDash discount, complimentary DashPass membership, Amazon One Medical membership, complimentary Function Health and ŌURA memberships, and $200 annual credit toward health wearables.
Additionally, travel perks include 10% cash back on hotels and rental cars, 5% on flights, and unlimited Priority Pass airport lounge access.
The company has over 700,000 Gold Card customers with more than $10 billion in annualized spend.
Robinhood Banking has more than 50,000 funded customers with …
About The Author
