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-0.00359408033826646 -0.00303911205074001 -0.0104651162790698 -0.0121564482029599 -0.0132135306553911 -0.00554968287526429 -0.0115961945031713 -0.0157241014799154
Stock impact report

Robinhood takes on premium card issuers [Yahoo! Finance]

Robinhood Markets, Inc. - Class A (HOOD) 
Company Research Source: Yahoo! Finance
This story was originally published on Payments Dive . To receive daily news and insights, subscribe to our free daily Payments Dive newsletter Robinhood Markets, the trading and personal finance platform, is wading into the premium payment card space as financial technology companies increasingly vie with large banks for affluent, high-spending customers. The company's second credit card, the $695 Robinhood Platinum Card, is aimed at younger, tech-savvy, high-net-worth people that don't identify culturally with many of the incumbent cards, Deepak Rao, a vice president at Robinhood, said last week in an interview. “If you're a baby boomer, like a 60-year-old person who has Amex, that's not what we were going for,” said Rao, who is also general manager for Robinhood's Money unit that provides banking services. The company, based in Menlo Park, California, introduced the new card earlier this month, two years after its first credit card, a hefty, 36-gram gold card marketed as c Show less Read more
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