Saturday, July 19, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

Robinhood ventures further beyond trading with new credit card

by Riah Marton
in Lifestyle
Robinhood ventures further beyond trading with new credit card
Share on FacebookShare on Twitter


ONLINE trading app Robinhood Markets launched a new credit card on Tuesday, in an effort to expand its foothold in the personal finance market and boost subscriptions to its premium tier.

The credit card, available exclusively to Robinhood Gold customers, comes two years after its launch of a debit card to allow spare change investing, with the Menlo Park, California-based company looking to broaden its product offerings.

Robinhood bought Max Levchin-backed fintech startup X1 Inc for about US$95 million last year, riding on the popularity of fintech firms due to the growth of digital banking, in its attempt to become a one-stop shop for financial services.

Expanding beyond its mainstay trading business could also help shield Robinhood against bouts of market turbulence, such as when a string of interest rate hikes by the US Federal Reserve in 2022 spooked retail investors.

The Robinhood Gold Card would have no annual fee, no foreign transaction fees and offers 3 per cent cash back, in the form of reward points, on spends. Bookings made via Robinhood’s travel portal would fetch 5 per cent cash back, the company said.

Reservations for a spot on the waitlist for the card started on Tuesday. The company expects to roll out the product broadly later this year.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

In its latest quarter, Robinhood posted a surprise profit driven by higher interest income and a rebound in trading. Shares in the fintech have surged roughly 50 per cent so far this year. REUTERS

Tags: CardCreditCredit/Debit cardsRobinhoodTradingVentures
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Ripple should pay more than US billion for sales, SEC says

Ripple should pay more than US$2 billion for sales, SEC says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In