The investing app Robinhood is making headlines with the announcement of the Robinhood Gold Card. This bank card encompasses a minimal of three% money again on all purchases and there is even a limited-edition 10-karat gold model. When in comparison with different playing cards, that rewards fee is often capped after a specific amount of spending or to a particular class of purchases (i.e. gasoline or eating), however with this card you’ll earn 3% money again on all purchases — with no restrict on the quantity you may earn.It is not open for purposes but, however you may add your self to the waitlist. Whereas it is technically a no-annual-fee card, it is solely open to Robinhood Gold members, which prices $5/mo or $50 a 12 months.Beneath, CNBC Choose has the main points on what you have to know concerning the card’s options and advantages.Robinhood Gold Card Study MoreInformation concerning the Robinhood Gold Card has been collected independently by Choose and has not been reviewed or offered by the issuer of the cardboard previous to publication.Rewards5% money again on journey bought by means of the Robin journey portal; 3% money again on all different purchasesWelcome bonusAnnual feeRequires a Gold membership which prices $5 a month or $50 a yearIntro APRRegular APRBalance switch feeForeign transaction feesHigh cash-back fee on on a regular basis purchasesNo international transaction feesRobinhood Gold subscription requiredView MoreView LessOn prime of the three% money again all over the place, cardholders additionally obtain 5% money again on journey purchases made by means of the Robinhood journey portal. Different advantages embody:Get a Robinhood Gold Card manufactured from goldIf you are on the Robinhood Gold Card waitlist and refer 10 individuals to each join a Robinhood Gold subscription and be a part of the Gold Card’s waitlist too, you might be eligible to obtain a 10-karat gold model of this card. Study extra at Robinhood.Robinhood Gold membership benefitsRobinhood affords a 1.5% APY on uninvested money sitting in your brokerage account, however when you improve to a paid Gold membership you may obtain a 5% APY on these balances. Gold members additionally obtain a 3% match on eligible contributions to a Robinhood IRA. When you can reap the benefits of these perks, the Gold subscription price could also be value it, and the advantages you obtain from a Robinhood Gold Card are icing on the cake.Robinhood RetirementMinimum deposit and balanceThere is a $20 minimal to put money into the portfolio Robinhood recommends to youFeesRobinhood would not cost any administration charges or fee charges for the IRA account. Nonetheless, an IRA Match Early Withdrawal Payment could apply in some circumstancesBonusThe Robinhood IRA affords a 1% match on eligible contributions as much as IRA contribution limits. Limitations apply.*Funding vehiclesTraditional IRA and Roth IRAInvestment optionsStocks and ETFs (customers can put money into Robinhood’s choice of 5–8 advisable ETFs, choose their very own, or do a mix of each). In response to the web site, eligible customers will quickly have the ability to commerce choices of their IRAEducational resourcesRobinhood affords training supplies on their websiteTerms apply. Doesn’t apply to crypto asset portfolios.*The IRA Match is mechanically added after eligible contributions from an exterior checking account. Hold the contributions in your IRA for a minimum of 5 years from the date you contribute. IRA Match FAQ. Different charges could apply. See Payment Schedule for extra particulars.This membership tier additionally comes with a handful of different options equivalent to bigger on the spot deposits and entry to Morningstar analysis and NASDAQ Stage II market knowledge.When you do not need to anticipate the Robinhood Gold Card to open for purposes otherwise you aren’t desirous about becoming a member of Robinhood Gold, these alternate playing cards may also help you begin incomes rewards proper now.The Wells Fargo Lively Money® Card earns a limiteless 2% money rewards on all purchases and new card members can earn a $200 bonus after assembly the cardboard’s spending requirement (spend $500 in purchases within the first 3 months). This card earns 1% lower than the Robinhood Gold Card on non-bonus spending, but it surely has no annual price and you need to pay a minimum of $50 a 12 months for a Robinhood Gold membership. To earn $50 in rewards at 1%, you need to spend $5,000, so you may get a head begin on incomes money again with the Lively Money Card, particularly if you issue within the welcome bonus.Wells Fargo Lively Money® CardRewardsUnlimited 2% money rewards on purchasesWelcome bonusEarn a $200 money rewards bonus after spending $500 in purchases within the first 3 monthsAnnual feeIntro APR0% intro APR for 15 months from account opening on purchases and qualifying stability transfers; stability transfers made inside 120 days qualify for the intro rateRegular APR20.24%, 25.24%, or 29.99% Variable APR on purchases and stability transfersBalance switch fee3% intro for 120 days from account opening then BT price of as much as 5%, min: $5 International transaction feeCredit neededSee charges and charges, phrases apply.The Uncover it® Money Again earns 5% money again on as much as $1,500 in mixed purchases in rotating quarterly classes (if you activate), then 1% money again (which you additionally earn on all purchases exterior of the quarterly classes). The welcome provide makes this card much more engaging as a result of it matches the money again new cardmembers earn for the primary 12 months. With this provide, you are successfully incomes 10% money again from spending that qualifies for the rotating bonus classes for the primary 12 months, after which 2% money again on all purchases for the rest of that 12 months.Uncover it® Money BackRewardsEarn 5% money again on on a regular basis purchases at completely different locations you store every quarter like grocery shops, eating places, gasoline stations, and extra, as much as the quarterly most if you activate. Plus, earn limitless 1% money again on all different purchases-automatically.Welcome bonusDiscover will match all of the money again earned for all new cardmembers on the finish of your first 12 months.Annual feeIntro APR0% for 15 months on purchasesRegular APR17.24% to twenty-eight.24% VariableBalance switch fee3% intro stability switch price, as much as 5% price on future stability transfers (see phrases)*International transaction feeCredit neededRead our Uncover it® Money Again overview.Subscribe to the CNBC Choose E-newsletter!Cash issues — so profit from it. Get skilled ideas, methods, information and every little thing else you have to maximize your cash, proper to your inbox. Enroll right here.Robinhood has introduced a brand new cash-back bank card that might be obtainable for its Gold members. The Robinhood Gold Card will earn a minimum of 3% money again on all purchases, which is an distinctive return for on a regular basis purchases. A Robinhood Gold membership is comparatively reasonably priced in comparison with most bank card annual charges, which is able to make this card probably the greatest cash-back bank cards as soon as it opens for purposes.At CNBC Choose, our mission is to offer our readers with high-quality service journalism and complete shopper recommendation to allow them to make knowledgeable selections with their cash. Each private finance article relies on rigorous reporting by our crew of skilled writers and editors with in depth data of economic merchandise. Whereas CNBC Choose earns a fee from affiliate companions on many affords and hyperlinks, we create all our content material with out enter from our business crew or any exterior third events, and we delight ourselves on our journalistic requirements and ethics.Make amends for CNBC Choose’s in-depth protection of bank cards, banking and cash, and comply with us on TikTok, Fb, Instagram and Twitter to remain updated.Editorial Word: Opinions, analyses, critiques or suggestions expressed on this article are these of the Choose editorial workers’s alone, and haven’t been reviewed, accepted or in any other case endorsed by any third occasion.