Read the original Credit Union Times article here.
Here is a brief summary of the article:
- Robinhood, the commission-free trading platform, is launching a credit card to expand its financial services offerings.
- The Robinhood Gold Card will be exclusive to members of the firm’s subscription-based Gold program and will offer 3% cashback on all categories of purchase.
- The card will have no annual cost or foreign transaction fees and will be accessible through a new app separate from the Robinhood trading platform.
- The company aims to become a broader financial services company, expanding its offerings beyond retail brokerage services.
- Robinhood has gained 56% this year, and the Gold Card launch has pushed its shares up by 2.9%.