Yeah but a ton of people do, so it’s important to mention. That’s like the whole argument around sex ed in schools and why southern states with no education in that regard have high pregnancy rates
John, I have Robinhood gold already. They match 3% on my Roth IRA. Basically getting $160 for free every year. Where else would do this for free? I don't necessarily have loyalty with Robinhood, but it is really nice.
No where else including Robin hood does it for free. You paid $50 a year for your Robin hood gold and you had to move your roth Ira to robinhood. Anyone who is contributing to an employer 401k , keeping their Ira elsewhere, using a traditional Ira because of their tax bracket, or doesn't excess income to max out a roth Ira yet, get no value out of the roth match to say nothing of the fact that the match is not tied to the card and even if you are already a robinhood gold user, any other card with a SUB is going to blow the cash back out of the water in the first year.
Between the card, the 3% IRA match and the 1% invest account deposit match; the subscription pays for itself. As long as you park your money into anything but meme stocks there and don’t take huge risks, your money is fairly safe.
But is it worth it if you can't get the card? Have been paying for Robinhood Gold and got on waitlist early April, still no sign of the card for most people on waitlist
@@MsTubbytube I think the 3% works perfectly. I’ve been reinvesting all of the extra cash I get. I was on a waitlist at the same time and I believe I got a notification around October so I’ve been using it for the last couple of months.
The $5 sub is worth it for the credit card and 3% IRA match alone. It pays for itself and more with a 3% ira match. Its a free $210 a year into your IRA that no other company offers. Subtract your subscription from that and its still way better than any card.
And the High Yield Savings of 5.25%. With the IRA and the HYS, the $5 a month is easily paid off within the first month for me. I will likely use my Bilt card for rent only then this card will be my everyday card.
I am already a Robinhood gold user. I do not trade but do SIP style investing. I keep more than $3K uninvested cash in the Robinhood account. I am also a high spender due to family needs but pay off all my card stmts in full every month. I do not have any cash back cards. All are points based. So, I decided to go for this card.
I have the crappy cap one quicksilver with the 1.5 back and I think it's better than the robin hood card because we're you can really get the most cash back is using the shopping deals where you get discounts and extra cash back on top of the 1.5.
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
@@ArabellaBeatrice-099 I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@Elliot-Ivan VICTORIA CARMEN SANTAELLA is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment
@@leoma-l7r Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Prey on what? Robinhood is evil because they allow degenerate idiots to trade options on their platform which typically ends in the user losing money? Who would’ve thought making very risky trades would go bad? I will not defend RH on the GameStop crap because that was crap. They pioneered the no commission trades, have a great, user friendly app, 3% IRA match, and now a 3% credit card. If you’re in their ecosystem in all sectors of their business, you are likely very happy with what you get in return. John hates RH because he thinks they take advantage of their customers but will not hold their customers accountable for making stupid trades. He says they aren’t for the little guy when they’re the only ones offering matches, etc. Lmao.
@@kevinlin1529 John deleted my prior comment because I hold the idiots who trade options on RH accountable for their choices instead of just blaming robinhood lmao
Didn’t know the video was gonna get that heated but there is actually someone who can take advantage of this card. This is someone who has subscribed to robinhood gold to take advantage of their 3% Roth IRA match ($210) which is extra money added to the current 7k max. Only then will this card make sense to enjoy the extra 3% everyday cash-back.
This is actually very spot on. The incentives are very good, especially if you're already a Gold member. The end game, however, is to get all of your money onto the platform and let its UI do the work.
Really thank you for doing this job for us. I was thinking about this card, but couldn't find time to analyze it, but now the case is closed, I couldn't do it better myself.
I understand you’re more of a credit card guy and not a general personal finance guy, but a little more clarity on the Robinhood Gold benefits would’ve been appreciated. The 3% IRA match along with other various other features drew me into becoming a Gold Member, and the CC is just the cherry on top that I view as having no AF.
I have around 3,000 in my robinhood account that is not into stocks and the $5 basically pays itself with its 5% interest, I'm surprised he didn't say anything about it. I'm guessing he does not use Robinhood gold
So much respect for ya John! I thought we were going to segment the "should you get this card?" into RH users and other... but that $40 card replacement fee is AWEFUL. I think you could have made a bit more of of hook with that... b/c that is the biggest eye-opener of your video for me (secret annual fee being #2... but I expected that knowing about RH).
Appreciate the feedback Nick! And agree I should have brought that further up for sure. A replacement card fee is literally someone we see with the shady banks going after the sub-prime market. Crazy!
I love the unbiased discussion of robinhood and their business practices. JFT coming in with a fire video and an incredibly informative breakdown as usual. Keep up the good work!
Thanks for looking out for those of us in the credit card community, I've never seen you angry and definitely can feel your passion and care for people to not be taken advantage of. This is a consumer service video right here. Props!
I have the card as well. The metal feel of the card feels like you made it. You have a premium card. When I use it people give it a 2nd look as you can tell it's something special. When I applied they gave me a credit limit of 25k. The interest rates will be a killer so I pay my cards off monthly and only use them for the rewards. I have mine set up to do auto pay every week and to pay the full amount off. I already have robinhood gold as I have lots of UN-invested cash sitting in the account besides my investments. I saw the 40 dollar replacement fee for the card. They should give an option of a plastic card for free or a metal replacement for 40.
American express platinum is $695 per year with no card replacement cost Robinhood is $60 per year for those gold subscription plus $40 if you ever lost your card. American express almost monthly cost is 1 year of robinhood gold. If you do the math. Even with those 5x flights and hotels those $69 annual fee is crazy.
Phenomenal video and breakdown John! And when I say phenomenal, I really MEAN it! I love the fact that we as the audience can see your actual personal stance on this card and RH as a whole versus other UA-camrs who tend to take a very neutral & conservative stance on the matter. Love to see you spitting fire 🔥from the heart. Cheers mate!
I’ve used robinhood gold for a year since it gives 5% apy back on cash held in your brokerage, letting 2k sit generates a little over 6 dollars a month so it pays for gold, so for me this card is pretty dope
The only thing not mentioned are all the other benefits of Robinhood Gold: 3% match on Roth IRA contributions, 4% of uninvested cash, Morningstar research, etc.
You have to keep a subscription to Gold in order to keep the card active, which is dumb. They should do it like Amazon's card: if you keep an Amazon subscription, you get 5% back, but if you don't keep a subscription, the card remains active but you get a reduced cashback percentage. Robinhood should adopt that model: make the cashback 3% if you maintain a subscription, 1% or 1.5% if you let your subscription lapse. A complete destruction of the card if you don't maintain a subscription is too greedy, too blatantly Robinhood flipping the customer the bird.
Thank you for pointing out everything you did. I’ve seen several videos promoting this card and felt it was sus. Keep doing the great work, greatly appreciated!
Your math is missing some additional inputs for the equation. Gold members earn 3% on IRA/Roth contributions. They are now offering a $200 sign up bonus if you deposit $2000, and a 1% match on deposits.
You call them vulnerable when building credit (aka me), but I read everything about this card. Have all properties associated to paying the card on time activated. And am loving the benefits. This card is the og.
If you are already a Robinhood Gold subscriber, then the AF is zero. If you are not a RH customer and don't have RH Gold, then the RH Gold subscription would be the AF. It's all based on perspective.
The scenario you totally missed are people who are already Gold members. This would make this a no annual fee card. All the other 2% cards you reference charge foreign transaction fees.
Thanks John for the video regarding this, I was actually thinking of getting this card before your video, but with all your information I've decided not to, keep exposing these bad practices!
The RH Gold card is absolutely worth it over any other cash back cards. Even though it doesn't offer any signup bonuses, the card will pay for itself over the long run.
How come they give you the card? I’ve applied at immediately after the initial announcement and I never got it. I’m under the impression that this is just a scam to drum up expectations and for people to buy Robin Hood gold until then. They terms and conditions clearly states that they can cap the rewards . and they can also possibly increase the gold subscription from fifty dollars to hundred dollars a month from next year. Having owned the card with 3% cashback, one would not hesitate much to keep paying higher price. These kind of subscriptions services or going to mess up.
I got into robihood as a new invester and finding this video really opened my head a little bit to it all thank you john. Prob a dumb qwestion. but what about cash app investing
Didn’t know replacement fee. Not sure if you are on credit card subreddit but someone got their taxes purchase declined and a guy with 6k purchase at Costco.
lol, honestly they were my first ever brokerage platform. I still remember signing up for THAT waitlist in like 2013/2014. But since then a lot has changed about them and I've also learned a lot about investing in general. Can't say I'm a huge fan these days
What about a US Bank Smartly Credit Card review? Also, I don't mind gamification or easy access to options and margin, I feel adults have their own due diligence they're responsible for.
SoFi gives me 2.2% cash back, so since I don't already have Robinhood Gold, I'd need to spend at least $6,250 a year on this card to break even on the subscription fee. I'm considering it... not sure yet.
Already had robinhold gold for awhile, have enough cash in the sweep program to cover the monthly cost plus. So for me, it is a fee free card. I've put my other cards on the shelf, including my citi double cash back card.
Is the $40 replacement charged even when the card is not lost, but the number is compromised by fraud? Thus forcing the company issue you a new card with a new number?
All credit card companies have that fee which they can charge you for lost/stolen cards, but they usually choose not to. Its there in case they get someone who constantly reports a missing card and eats up support time not for a 1 off every 4 years.
This is the best card for high spenders no matter all the other stuff. Also you can immediately transfer your cash into a 5% interest bearing savings account . You can also buy bonds if you choose. Robinhood has been great for me. All the hate in this video is hilarious. 3% for the win all day long.
One more thing. You get $1000 intrest free with margin with robinhood gold and you can cash that out aswell. Robinhood gold is $5 a month = $60 a year. So the card is free in brokage accountent view.
![[Full Guide] How to Climb the American Express Ladder in 2024](http://i.ytimg.com/vi/g5PdY-Kcduw/mqdefault.jpg)
“If you are going to get the Robinhood Gold Card, you cannot hold a balance”
If you are going to get ANY CREDIT CARD, you cannot hold a balance.
Dumbest take of the month
u missed the point in the video...
Yeah but a ton of people do, so it’s important to mention. That’s like the whole argument around sex ed in schools and why southern states with no education in that regard have high pregnancy rates
This is the first time I see him mad... I was about to think consider this card until I saw how bad the company was. Good content btw
it just means they didnt sponsor him yet like his favorite bilt lol. arent you familiar with this channel?
@@cryengine_x I am but what is wrong with bilt huh? He isn't lying when he is saying that is an amazing card, getting cash back on rent is amazing!
@@cryengine_x Bilt is a pretty damn good card if you’re renting. I’ve been using it over a year and zero regrets about making it my most used card.
I was wondering why you said this and now I see why. Damn, it pisses me off too.
@@cryengine_x I am familiar with his channel and I don’t get what is so bad about bilt, I doubt he would accept a sponsor from robinhood though
John, I have Robinhood gold already. They match 3% on my Roth IRA. Basically getting $160 for free every year. Where else would do this for free? I don't necessarily have loyalty with Robinhood, but it is really nice.
No where else including Robin hood does it for free. You paid $50 a year for your Robin hood gold and you had to move your roth Ira to robinhood. Anyone who is contributing to an employer 401k , keeping their Ira elsewhere, using a traditional Ira because of their tax bracket, or doesn't excess income to max out a roth Ira yet, get no value out of the roth match to say nothing of the fact that the match is not tied to the card and even if you are already a robinhood gold user, any other card with a SUB is going to blow the cash back out of the water in the first year.
If the limit is 7k this year for Roth IRA, do t you get 210 for free with the match?
Webull has enter the chat room
@@zxynj Yes but I just subtracted the $50 for the gold subscription
@@JqwsXD Got it. Thank you.
Between the card, the 3% IRA match and the 1% invest account deposit match; the subscription pays for itself. As long as you park your money into anything but meme stocks there and don’t take huge risks, your money is fairly safe.
It is clear he is not interested in the truth or any value of the card. He has an agenda of some sort.
@@T.Webster777The value of the IRA match and the deposit match are completely separate from the card, that's part of Robinhood Gold
It’s funny because that whole game stop thing is not true all though they did freeze trading all brokerages did the same.
But is it worth it if you can't get the card? Have been paying for Robinhood Gold and got on waitlist early April, still no sign of the card for most people on waitlist
@@MsTubbytube I think the 3% works perfectly. I’ve been reinvesting all of the extra cash I get. I was on a waitlist at the same time and I believe I got a notification around October so I’ve been using it for the last couple of months.
The $5 sub is worth it for the credit card and 3% IRA match alone. It pays for itself and more with a 3% ira match. Its a free $210 a year into your IRA that no other company offers. Subtract your subscription from that and its still way better than any card.
This
And the High Yield Savings of 5.25%. With the IRA and the HYS, the $5 a month is easily paid off within the first month for me.
I will likely use my Bilt card for rent only then this card will be my everyday card.
Exactly
I make a 13.50% interest rate on my Roth IRA
@@SheekAlibabaHow?
I am already a Robinhood gold user. I do not trade but do SIP style investing. I keep more than $3K uninvested cash in the Robinhood account. I am also a high spender due to family needs but pay off all my card stmts in full every month. I do not have any cash back cards. All are points based. So, I decided to go for this card.
Who here is planning on getting this card?
Me still on waiting list I’ve been on it for a few months
No friends invited 10 pp
Still in waitlist lol
Highly recommend it best CC experience I’ve ever had
I have the crappy cap one quicksilver with the 1.5 back and I think it's better than the robin hood card because we're you can really get the most cash back is using the shopping deals where you get discounts and extra cash back on top of the 1.5.
Right here. My last go to card reduced their cashback by 25% this month. The gold card has double the cashback that card has now.
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.
@@ArabellaBeatrice-099 I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@leoma-l7r Mind if I ask you to recommend this particular coach you using their service?
@@Elliot-Ivan VICTORIA CARMEN SANTAELLA is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment
@@leoma-l7r Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Huge shout out to you for calling them out on this. We can't keep letting companies prey on people with no push back💯
Prey on what? Robinhood is evil because they allow degenerate idiots to trade options on their platform which typically ends in the user losing money? Who would’ve thought making very risky trades would go bad?
I will not defend RH on the GameStop crap because that was crap.
They pioneered the no commission trades, have a great, user friendly app, 3% IRA match, and now a 3% credit card. If you’re in their ecosystem in all sectors of their business, you are likely very happy with what you get in return.
John hates RH because he thinks they take advantage of their customers but will not hold their customers accountable for making stupid trades. He says they aren’t for the little guy when they’re the only ones offering matches, etc. Lmao.
You mean like capital one not approving people with decent to good credit?
@@kevinlin1529 John deleted my prior comment because I hold the idiots who trade options on RH accountable for their choices instead of just blaming robinhood lmao
He was wrong and so are you for believing him so easily without fact checking
We all are consumers all these companies prey over people. That’s business
Didn’t know the video was gonna get that heated but there is actually someone who can take advantage of this card.
This is someone who has subscribed to robinhood gold to take advantage of their 3% Roth IRA match ($210) which is extra money added to the current 7k max. Only then will this card make sense to enjoy the extra 3% everyday cash-back.
This is actually very spot on. The incentives are very good, especially if you're already a Gold member. The end game, however, is to get all of your money onto the platform and let its UI do the work.
Really thank you for doing this job for us. I was thinking about this card, but couldn't find time to analyze it, but now the case is closed, I couldn't do it better myself.
This is actually the best review video of any credit card ever I've seen. Great information. Thanks
Nobody calls the Amazon card annual fee for needing a membership or the Costco one
I understand you’re more of a credit card guy and not a general personal finance guy, but a little more clarity on the Robinhood Gold benefits would’ve been appreciated. The 3% IRA match along with other various other features drew me into becoming a Gold Member, and the CC is just the cherry on top that I view as having no AF.
I have around 3,000 in my robinhood account that is not into stocks and the $5 basically pays itself with its 5% interest, I'm surprised he didn't say anything about it. I'm guessing he does not use Robinhood gold
He was not interested in facts or truth; this was not a review, it was a hit piece.
You just popped up on my timeline how refreshing!!
Talk about Integrity! SUBSCRIBED!
Thanks for the valuable input.
Thank you for all your tips and advice 💙
Thanks for the comment, and happy to help!
So much respect for ya John! I thought we were going to segment the "should you get this card?" into RH users and other... but that $40 card replacement fee is AWEFUL. I think you could have made a bit more of of hook with that... b/c that is the biggest eye-opener of your video for me (secret annual fee being #2... but I expected that knowing about RH).
Appreciate the feedback Nick! And agree I should have brought that further up for sure. A replacement card fee is literally someone we see with the shady banks going after the sub-prime market. Crazy!
I love the unbiased discussion of robinhood and their business practices. JFT coming in with a fire video and an incredibly informative breakdown as usual. Keep up the good work!
If it were unbiased you'd think he would at least cover what the $50-60 Robinhood gold subscription offers outside of just opening the card.
Where exactly was the unbiased part? This "review" was completely biased and factually wrong in almost every point.
Just from Benefits point of view, How is Chase Sapphire preferred better than Robinhood card?
Dont forget the 5 dollar fee to belong to gold would be worth it as you get level two market data included
Thanks for looking out for those of us in the credit card community, I've never seen you angry and definitely can feel your passion and care for people to not be taken advantage of. This is a consumer service video right here. Props!
I appreciate the candor on this too
50$ Gold membership also give you 5% APY on cash. So if you keep about 2500$ in Robinhood, the yeild will cover the fees
that he purposely didn’t mention it think
I have the card as well. The metal feel of the card feels like you made it. You have a premium card. When I use it people give it a 2nd look as you can tell it's something special. When I applied they gave me a credit limit of 25k. The interest rates will be a killer so I pay my cards off monthly and only use them for the rewards. I have mine set up to do auto pay every week and to pay the full amount off. I already have robinhood gold as I have lots of UN-invested cash sitting in the account besides my investments. I saw the 40 dollar replacement fee for the card. They should give an option of a plastic card for free or a metal replacement for 40.
Fails to add in that the annual fee pays for itself if you simply invest in robinhood gold since they offer 5% apy
Thanks for being honest, we appreciate it. Thats why we subscribed to you❤
Thank you so much for always bring so much adivice! Thanks for being clear. God bless you.
American express platinum is $695 per year with no card replacement cost
Robinhood is $60 per year for those gold subscription plus $40 if you ever lost your card. American express almost monthly cost is 1 year of robinhood gold. If you do the math. Even with those 5x flights and hotels those $69 annual fee is crazy.
I just posted on my shorts me getting mine in the mail. I have to say I was really hyped to get it 😎
Phenomenal video and breakdown John! And when I say phenomenal, I really MEAN it! I love the fact that we as the audience can see your actual personal stance on this card and RH as a whole versus other UA-camrs who tend to take a very neutral & conservative stance on the matter. Love to see you spitting fire 🔥from the heart. Cheers mate!
Very insightful, just activated the card myself!
It is a good card
A lot of great information, thanks for the info
Great video!!! Thank you!
I already have robinhood gold so its a no brainer for me to get it. Still on the waiting list but I cant wait!!
It’s a pretty awesome system they got highly recommend
I’ve used robinhood gold for a year since it gives 5% apy back on cash held in your brokerage, letting 2k sit generates a little over 6 dollars a month so it pays for gold, so for me this card is pretty dope
How can I like this video more than once? Lol
The only thing not mentioned are all the other benefits of Robinhood Gold: 3% match on Roth IRA contributions, 4% of uninvested cash, Morningstar research, etc.
You only have to be a gold member if you want to apply right now. If you’re okay waiting until it’s publicly available, then no annual fee.
Great video. Thank you for pointing out the fine print on this card. I still got it and I will put it to good use.
This is why I follow this dude
You have to keep a subscription to Gold in order to keep the card active, which is dumb. They should do it like Amazon's card: if you keep an Amazon subscription, you get 5% back, but if you don't keep a subscription, the card remains active but you get a reduced cashback percentage. Robinhood should adopt that model: make the cashback 3% if you maintain a subscription, 1% or 1.5% if you let your subscription lapse. A complete destruction of the card if you don't maintain a subscription is too greedy, too blatantly Robinhood flipping the customer the bird.
Thank you for pointing out everything you did. I’ve seen several videos promoting this card and felt it was sus. Keep doing the great work, greatly appreciated!
I just got this card. It is better than all the rest for my spending. Love the app as well.
One of the best card if not the best I have now
Good Stuff John!
awesome review
Your math is missing some additional inputs for the equation.
Gold members earn 3% on IRA/Roth contributions.
They are now offering a $200 sign up bonus if you deposit $2000, and a 1% match on deposits.
Much awaited video 🎉
Great content like always! What a way to call them out on their bs
You call them vulnerable when building credit (aka me), but I read everything about this card. Have all properties associated to paying the card on time activated. And am loving the benefits. This card is the og.
Love your videos
Your top 3 favorite cards for shopping online e.g. Amazon, Shopify, Emis etc ?
If you are already a Robinhood Gold subscriber, then the AF is zero. If you are not a RH customer and don't have RH Gold, then the RH Gold subscription would be the AF. It's all based on perspective.
The scenario you totally missed are people who are already Gold members. This would make this a no annual fee card. All the other 2% cards you reference charge foreign transaction fees.
John plays no games. If you didn’t know, now you know. Thank you!
Thanks John for the video regarding this, I was actually thinking of getting this card before your video, but with all your information I've decided not to, keep exposing these bad practices!
Trip protection plus doubles warranty up to 3 years
Your right my friend!!
love this video
Comparing the sign up bonus cash back only makes sense for year 1. After year 1, the 3% is a much better deal
Thank you for your great video .
Quick question what do you used for stock trading ? Obviously you don’t used Robinhood
Didn't the original Robin Hood rob the rich and give to the poor and not the other way around.
the irony
Love this vid! Thank you! Just subscribed! ❤
11:58 bit of a stretch
I like that I can park my money in RH to earn 5% but get access to it with no penalties if I need it.
Great video and unbiased thank you
Where the heck is my gold card I signed up when it was announced…
Thx for video
You need $1,500 in your robinhhood account for gold to pay itself with 5% interest, I think is less now
The RH Gold card is absolutely worth it over any other cash back cards. Even though it doesn't offer any signup bonuses, the card will pay for itself over the long run.
Thanks bro.
Still waiting on the list 😂. Signed up on waiting list day one as a gold member smh
How come they give you the card? I’ve applied at immediately after the initial announcement and I never got it. I’m under the impression that this is just a scam to drum up expectations and for people to buy Robin Hood gold until then. They terms and conditions clearly states that they can cap the rewards . and they can also possibly increase the gold subscription from fifty dollars to hundred dollars a month from next year. Having owned the card with 3% cashback, one would not hesitate much to keep paying higher price. These kind of subscriptions services or going to mess up.
Great breakdown
thanks for the video, not all influencer goes against these companies.
The AF is effectively 0 because gold gives you 1k in free margin worth at least $50 pre tax
Wait wtf? Why did they charge me $60 for the annual fee last month?
This vid earned you a sub.
I got into robihood as a new invester and finding this video really opened my head a little bit to it all thank you john. Prob a dumb qwestion. but what about cash app investing
Been on the waitlist for many months. Beginning to think this card is just a tease.
You can hold a balance, but never carry one that's high because then that's why you end up in more debt. So how much was the interest on this card?
Didn’t know replacement fee. Not sure if you are on credit card subreddit but someone got their taxes purchase declined and a guy with 6k purchase at Costco.
Does a 3 percent cashback used on rent cancel out the 3 percent fee for paying rent with a card?
yes, assuming they fee to pay rent with a card is only 3% if it's lower then in theory you come out ahead!
He’s not a fan of Robinhood
lol, honestly they were my first ever brokerage platform. I still remember signing up for THAT waitlist in like 2013/2014. But since then a lot has changed about them and I've also learned a lot about investing in general. Can't say I'm a huge fan these days
Are you sure it's primary rental car insurance?
What about a US Bank Smartly Credit Card review?
Also, I don't mind gamification or easy access to options and margin, I feel adults have their own due diligence they're responsible for.
SoFi gives me 2.2% cash back, so since I don't already have Robinhood Gold, I'd need to spend at least $6,250 a year on this card to break even on the subscription fee. I'm considering it... not sure yet.
Someone lost money on robinhood
Fantastic video! I was actually considering getting into the robinhood ecosystem, thanks for opening my eyes, and many others’
never seen bro this heated, must be serious. great content!
Robinhood gold not only gives you 5% on the non invested money, also gives you 3% match on Roth IRA account
I am a gold member to get the Roth IRA match 1% and yes the high yield helps negate the $50 so the gold card is an extra 3% for myself
Thank you for the honest review! Their business structure reminds me of Acorns. Review them next.
Thank you for calling them out
Already had robinhold gold for awhile, have enough cash in the sweep program to cover the monthly cost plus. So for me, it is a fee free card. I've put my other cards on the shelf, including my citi double cash back card.
Is the $40 replacement charged even when the card is not lost, but the number is compromised by fraud? Thus forcing the company issue you a new card with a new number?
All credit card companies have that fee which they can charge you for lost/stolen cards, but they usually choose not to. Its there in case they get someone who constantly reports a missing card and eats up support time not for a 1 off every 4 years.
From the Robinhood website and reviews I’ve seen, there is no number on the physical card. Card numbers are stored in the app.
This is the best card for high spenders no matter all the other stuff. Also you can immediately transfer your cash into a 5% interest bearing savings account .
You can also buy bonds if you choose. Robinhood has been great for me. All the hate in this video is hilarious. 3% for the win all day long.
One more thing. You get $1000 intrest free with margin with robinhood gold and you can cash that out aswell. Robinhood gold is $5 a month = $60 a year. So the card is free in brokage accountent view.
$40 Replacement Card fee? 🤔 Junk fee for sure. I’m curious if this applies to lost cards only.
I hadn’t seen that one.
What happens if we cancel the subscription after getting the credit card