Robinhood Unveils Credit Card in Further Push Beyond Trading

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%.