Robinhood Platinum Card Debuts

Robinhood is upping its credit card game with the rollout of the Robinhood Platinum Card. This move signals an aggressive push into the premium financial product space, aiming to capture a segment of high-spending customers previously underserved by the company. Invites are currently being extended to a select group, with broader availability planned in the coming months, as detailed by Robinhood Newsroom.

The card, announced earlier this year, is positioned as a significant upgrade from its Gold counterpart. It features a substantial weight and platinum plating, designed to convey a premium feel. This physical heft is matched by higher credit limits, reportedly up to five times those of the Gold Card, and a benefits package tailored for affluent users.

Elevated Benefits for Premium Users

Robinhood has refined the Platinum Card's offerings based on customer feedback. New additions include $120 in annual DoorDash credits, distributed monthly with no minimum order requirement, alongside a complimentary DashPass membership.

Travel perks have been significantly enhanced, with $1,000 in annual travel credits. This includes $700 for hotels booked through Robinhood for stays of two nights or more, and $300 in flight credits, delivered in $150 increments semi-annually. The hotel network has expanded to over 1,700 properties, promising benefits like priority late checkout and room upgrades.

Autonomous vehicle services are now covered by a $250 annual credit for Waymo rides, issued monthly. A dedicated white-glove concierge service is also available, offering assistance with exclusive events, private flights, and travel disruptions via text.

Wellness benefits are also a focus, featuring a complimentary WHOOP Peak membership with hardware included. Additionally, cardholders can receive a one-time credit of up to $1,000 towards an Eight Sleep Pod and Base until September 15th.

Core Rewards and Perks Remain

Existing Robinhood credit card rewards are carried over and enhanced. Cardholders will earn 5% cash back on eligible dining and flights booked through Robinhood, and 10% on hotels and rental cars booked via the app. Other eligible purchases receive 1% cash back.

The card also retains a $250 annual dining credit at over 15,000 restaurants and includes a complimentary Robinhood Gold membership. Further travel conveniences include no foreign transaction fees, statement credits for Global Entry or TSA PreCheck, comprehensive travel protection, and unlimited access to over 1,400 Priority Pass airport lounges worldwide.

Health and wellness are further supported by a complimentary $365 Function Health membership, offering extensive lab tests and clinician insights, and an Amazon One Medical membership valued at $199.

Value Proposition and Availability

Robinhood claims the Platinum Card offers over $3,000 in annual value for a $695 annual fee, positioning it as a more cost-effective option compared to other premium credit cards. The ongoing credit card rewards strategy aligns with the company's broader integration of financial services.

The Robinhood Platinum Card launch is currently invite-only, though interested individuals can request access via Robinhood's website.

August 2026: Robinhood Reworks the Card After Early Complaints

Since the initial invite rollout in July 2026, Robinhood has revised the Platinum Card's benefit structure after early cardholders flagged what they described as a "coupon book" experience, where many perks required minimum spend thresholds to unlock. The rework simplified benefit access and removed several minimum-spend gates. The card remains invitation-only as of August 2026, with no public timeline for an open application.

At $695 per year, the Robinhood Platinum Card undercuts the Amex Platinum ($895/year) and Chase Sapphire Reserve ($795/year). The competitive gaps, however, are notable: the base earn rate outside bonus categories is 1% cash back, which analysts flag as the weakest floor among any $695 annual-fee card on the market. It also lacks the travel insurance protections (trip cancellation, rental car coverage, lost luggage) that Amex and Chase include as standard. Robinhood's card is strongest for users who will fully use the dining and DoorDash credits, and who value the Function Health membership and travel portal cashback. Robinhood has a total score of 63 out of 100 on StartupHub.ai, reflecting its position as an established fintech platform expanding into premium financial products.

Frequently Asked Questions

What is the annual fee for the Robinhood Platinum Card?

The Robinhood Platinum Card has a $695 annual fee. This is lower than the Amex Platinum ($895/year) and Chase Sapphire Reserve ($795/year), though Robinhood's card offers fewer automatic protections and a weaker base earn rate outside bonus categories.

How do I get a Robinhood Platinum Card?

As of August 2026, the card is invitation-only. Robinhood is extending invites to select existing customers, particularly those with Robinhood Gold memberships. Interested users can submit a request on the Robinhood website to join the waitlist for broader availability.

What are the best perks of the Robinhood Platinum Card?

The strongest perks are 5% cash back on dining (up to $50,000 per year), 10% on hotels and car rentals booked through Robinhood's travel portal, $1,000 per year in travel credits, $120 per year in DoorDash credits, and a complimentary Function Health membership valued at $365. It also includes no foreign transaction fees and Priority Pass airport lounge access at over 1,400 locations worldwide.

How does the Robinhood Platinum Card compare to the Amex Platinum?

The Robinhood Platinum Card costs $200 less per year than the Amex Platinum ($695 vs. $895), but falls short on travel insurance (Amex includes trip cancellation and rental car coverage), broad earn rates outside its niche categories, and the depth of Amex's merchant network partnerships. It is a better fit for users who spend heavily on dining and Robinhood's travel portal specifically.

Last updated: August 2026