The Robinhood Gold Card is launched, offering 3% cash back on all purchases.

The investing app Robinhood is generating buzz with the launch of its Robinhood Gold Card. This credit card offers a minimum of 3% cash back on all purchases, including a limited-edition 10-karat gold version. Unlike other cards that typically cap their rewards rate after a certain amount of spending or to specific categories, the Robinhood Gold Card allows you to earn 3% cash back on all purchases with no limit on the amount you can earn.

Robinhood Gold Card benefits

Trip interruption protection
Travel and emergency assistance
Visa Signature Concierge
Rental car collision damage waiver
Return protection

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Robinhood Gold membership benefits

Alternate cards to consider

If you're not interested in waiting for the Robinhood Gold Card to open for applications or don't want to join Robinhood Gold, these alternative cards can help you start earning rewards immediately.

The Wells Fargo Active Cash® Card offers an unlimited 2% cash rewards on all purchases, while new card members can earn a $200 bonus after meeting the spending requirement of $500 in purchases in the first 3 months. In comparison to the Robinhood Gold Card, the Active Cash Card earns 1% less on non-bonus spending, but it does not have an annual fee. To earn $50 in rewards at 1%, you need to spend $5,000 with the Robinhood Gold Card, whereas with the Active Cash Card, you can earn a head start on cash back, especially with the welcome bonus.

The Discover it® Cash Back card offers 5% cash back on up to $1,500 in combined purchases in rotating quarterly categories when activated, and 1% cash back on all other purchases. The welcome offer matches the cash back new cardmembers earn for the first year, effectively giving you 10% cash back on spending that qualifies for the rotating bonus categories for the first year, and 2% cash back on all purchases for the remainder of that year.

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Bottom line

Robinhood Gold members will soon have access to a new cash-back credit card that offers at least 3% cash back on all purchases. This exceptional return on everyday purchases makes the Robinhood Gold Card one of the best cash-back credit cards available, especially considering its affordable annual fee compared to most credit cards.

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