I joined the waitlist last year and finally got an email that I have been approved. Does anyone have any experience or thoughts about this card?

I am getting tired of having multiple cards for different categories. 3% on everything seems like a great deal. I know to get that full 3% you have to transfer that to your robinhood account. But I assume after that I could just transfer that out to my bank account when I need to use it without penalty?

Let me know if anyone has used it. Thanks!

Tracking, I'm in a similar boat.

My Costco card has better rewards, plus their gas is the cheapest in town. And Costco doesn't care where I trade my stocks.

I know Robinhood is large, S&P, and all that, but when I inquired with them as a trading house years ago, they didn't allow Direct Registration System DRS of shares. It's not that I wanted to DRS my ownership, it's just that I wanted to know if they allowed it.....kind of a litmus test. If you can't DRS, does the brokerage really own the shares/have inventory of shares showing in your account? You might want to ask Robinhood if they DRS today. If they don't, you have a question that needs to be answered by remaining at Robinhood. My 2 cents. I'll go back to my hole now. GL

I've had this card since January and it works as advertised. I fully expect the 3% to drop at some point, but that hasn't happened yet. Guess they feel like it's good marketing.

I just sweep the awards every so often over to my brokerage, which is just invested in SGOV to get 4% or so. Serves as a decent little vacation savings account.

You have to pay for Robinhood Gold ($50/year), but there's a lot of deposit matching and other benefits that pay for themselves pretty quickly.

I've stacked it against other cards, and haven't found one that can do better than 3% on everything.

We will wake up one morning and hear that Robinhood has gone the way of Lehman Brothers, so my only advice is to use the 3% credit early and often - no need to let it grow.