Robinhood Expands Financial Services with New Credit Card Offering

By
Hugo Martinez
1 min read

Robinhood, a well-known provider of commission-free trading, is venturing into the financial-services arena by launching the Robinhood Gold Card, exclusively available to subscribers of its Gold program. The credit card comes with no annual fees or foreign-transaction fees and offers a lucrative 3% cash back on all types of purchases. This move showcases Robinhood's ambition to diversify its offerings and appeal to a wider consumer base, particularly in the United States where it is looking to position itself as a comprehensive financial-services provider. While traditional rivals like JPMorgan Chase & Co.'s Chase Sapphire Reserve offer similar rewards, Robinhood's card sets itself apart by delivering the benefits across all spending categories.

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