New Robinhood Platinum Card
Robinhood has revealed the Robinhood Platinum Card. This is an invite-only premium credit card plated with real platinum, offering up to 5x higher credit limits than the Robinhood Gold Card and lots of credits.
The Robinhood Platinum Card has a $695 annual fee, but also promises “over $3,000 in value per year with benefits across dining, health & wellness and travel.” We do not know if a welcome bonus will be available, but we have most of the details for the long list of monthly and annual credits.
Robinhood Platinum Card Details
- Earn 5% cash back on dining
- $300 Annual Travel Statement Credit for eligible travel purchases
- Credit is disbursed as $150 every six (6) months.
- Eligible transactions include rideshare services, hotel charges, flights, and other travel-related purchases.
- Transactions do not need to be booked through the Robinhood travel portal to be eligible.
- $500 Hotel Booking Credits via Robinhood Travel Portal
- Receive up to $250 in statement credits for qualifying luxury hotel bookings per six-month period, with the option to use up to $100 of that credit toward standard hotel bookings.
- Qualifying hotels are identified in the App and must be booked through the Robinhood travel portal.
- Minimum two-night stay required.
- $250 Annual Dining Statement Credits at more than 15,000 eligible local restaurants
- $20 Monthly Credit: Eligible restaurant purchases that post during each monthly benefit period will automatically receive a statement credit, up to the monthly amount.
- Extra $10 applied to December Credit: A $30 credit applies to eligible dining purchases that post in December.
- $250 DoorDash discount and complimentary DashPass Membership
- Up to three (3) $10 off discounts each January and up to two (2) $10 off discounts in every other calendar month.
- Apply up to one discount per qualifying delivery order with a minimum subtotal of $50, excluding fees and taxes.
- The discount must be used in the calendar month in which it is issued.
- Priority Pass Select membership
- The membership entitles the primary cardholder to unlimited lounge visits while enrolled.
- Enrollment in the Priority Pass Select program is required to use this benefit.
- $250 Autonomous Rides Statement Credit
- Receive $20 Monthly Crediton autonomous ride purchases that post during each monthly benefit period
- Extra $10 applied to December Credit: A $30 credit applies to eligible autonomous ride purchases that post in December.
- Annual Robinhood Gold Membership
- Wellness Credits
- Oura Membership – $70 value
- Function Health Membership – $365 value
- Amazon One Medical Membership – $199 value
- $200 Health Wearables Statement Credit
Authorized User Benefits
Paid Authorized Users are eligible for certain limited travel and wellness benefits:
- Wellness Benefits
- Function Health annual membership
- Amazon One Medical annual membership
- Oura membership
- Travel Benefits
- Priority Pass Select membership
- Global Entry/TSA PreCheck reimbursement
Guru’s Wrap-up
Robinhood promises “over $3,000 in value per year” and that is a very long list of credits indeed. But looking at the details, not many of them offer much value.
I listed then based on how valuable they are, or might be for me, from top down. The $300 Travel Credit seems easy to use, even though it’s broken up in two $150 credits. The $500 Hotel Credit can be useful but will require some work to find eligible stays since it’s broken up in two $250 credits and requires minimum of two nights.
Going down the list to credit that I don’t value as much is the $250 Dining Credit is $20 monthly and we don’t even know what restaurants are eligible. $250 DoorDash Credit has to be used as $10 discounts on orders of $50 or more. Most people will probably have Priority Pass membership already. And the $250 Autonomous Rides Credit could have some value in very limited areas for now. Then you have Robinhood Gold and some some Wellness credits.
Leave a comment and let me know what you think, or join the conversation in our Facebook Group.
