Robinhood (HOOD) Unveils Credit Card, Expands Beyond Trading [Yahoo! Finance]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Yahoo! Finance
The credit card, known as the Robinhood Gold Card, will be available exclusively to Robinhood Gold customers. For Gold members who refer at least 10 other individuals to the subscription plan, the credit card will be made from real gold. Deepak Rao, the general manager of Robinhood Money, stated, “I think it's the heaviest credit card on the market. If you accidentally drop it on your table, everyone in the room will hear it.” Reservations for a spot on the waitlist for the card have already begun. But HOOD will roll out the product broadly later in 2024. While the credit card itself carries no annual fee, it would require a Robinhood Gold membership, which runs $5 per month or $50 annually. The credit card will offer features like a 3% cash back in the form of reward points on spending and no foreign transaction fees. Also, bookings made via Robinhood's travel portal would give its users a 5% cash back. The card will come with its own application that would make it rela
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News
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HOOD
Earnings
- 2/13/24 - Beat
HOOD
Sec Filings
- 4/26/24 - Form DEF
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- HOOD's page on the SEC website