Robinhood Launches Gold Card for Investing Cash-back Perks
Wednesday, 27 March 2024, 13:37
Robinhood Launches Gold Card for Investing Cash-back Perks
Robinhood, known for disrupting the traditional finance industry, has introduced a new product to its lineup - the Gold Card. This innovative credit card allows users to invest their cash-back perks, challenging the likes of Apple Card in the market.
Key Features:
- Investment Option: Users can choose to invest their cash-back rewards directly.
- Acquisition: Robinhood acquired X1 for $95 million eight months prior to this launch.
- Competition: This move directly competes with the Apple Card's offering.
The launch of the Gold Card by Robinhood signals the company's commitment to creating unique financial products that empower users to grow their wealth while using everyday financial services.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.