On-line investing platform Robinhood is increasing past your portfolio and into your pockets. The corporate this week introduced the launch of the Robinhood Gold Card, a rewards bank card for Robinhood Gold subscribers.The cardboard (presently waitlist-only) is reserved for members of Robinhood Gold. In the event you’re already subscribed to the paid service — which has increased charges in your uninvested cash, entry to superior information, and extra — the brand new Robinhood bank card might maintain some beneficial advantages in your monetary plan.What’s the Robinhood Gold Card?Robinhood’s Gold Card (on the Visa community) is a no annual price rewards bank card with a easy incomes construction:You’ll earn these rewards as factors, in accordance with the cardboard phrases, which you’ll be able to redeem in just a few alternative ways — together with money again. Every of the next redemptions are price $0.01 per level:Money again transferred into your Robinhood brokerage accountBook journey via Robinhood’s journey portalShop with accomplice retailers within the Robinhood bank card appRedeem for present cardsMore particulars in regards to the Robinhood credit score cardAlong with the cardboard itself, you’ll have entry to instruments and options inside Robinhood’s bank card app that will help you monitor rewards and handle your account. The cardboard additionally has some added advantages as a Visa card, together with journey protections, buy protections, and entry to concierge providers.Lastly, the Robinhood Gold Card has a singular supply for cardholders who worth premium steel card design. In the event you full 10 referrals to Robinhood Gold membership (and meet the supply phrases), you may qualify for a “Strong Gold Card” manufactured from 10 karat gold.Robinhood Gold Card: Our takeWith a minimal 3% money again, you’ll earn greater than different flat cash-back bank cards obtainable at the moment, which supply a max of 1.5% or 2% on any buy.However there are potential limitations. Whilst you can redeem factors for money again, you’ll obtain the rewards immediately into your Robinhood account. That’s nice for increase your portfolio stability — particularly for a card designed with Robinhood clients in thoughts — however might not supply the identical flexibility as different cash-back playing cards at the moment.There are many unknowns, too. The Robinhood journey portal, for instance, might open extra choices for incomes and redeeming journey rewards. However it’s tough to weigh the worth of the cardboard’s journey providing with out particular particulars about Robinhood’s journey portal or what it provides, particularly in comparison with sturdy journey rewards packages already obtainable.Proper now, you may be a part of the waitlist for the Robinhood Gold Card, earlier than the cardboard itself turns into obtainable later this yr.What’s Robinhood Gold?Robinhood Gold is a paid membership service that provides further advantages for Robinhood buyers. There’s a free trial interval, after which you’ll pay $5 monthly. Nonetheless, customers who go for the annual subscription obtain a reduction, bringing the overall to $50 yearly. Bear in mind, whereas the Robinhood Gold Card has no annual price, you should be a Robinhood Gold subscriber to get the cardboard.These are among the major options you’ll get as a member (phrases apply):5% APY in your uninvested money (vs. 1.5% totally free customers)3% match on IRA contributions via Robinhood Retirement (vs. 1% match with out Gold)8% fee for margin investing (vs. 12% with out Gold)Entry to extra market information and researchStarting in Might, Robinhood Gold membership may also get you limitless 1% boosts on all deposits you make into your brokerage account on the platform. There’s no cap on the boosts you may earn, however you’ll need to maintain the deposit quantity in your account for at the very least two years to get the complete payout.Editorial Disclosure: The knowledge on this article has not been reviewed or permitted by any advertiser. The small print on monetary merchandise, together with card charges and charges, are correct as of the publish date. All services or products are introduced with out guarantee. Examine the financial institution’s web site for probably the most present data. This web site would not embody all presently obtainable provides.