US neobroker Robinhood (NASDAQ:HOOD) saw its shares trade up sharply on Wednesday morning, after overnight the company unveiled its first credit card for clients – the Robinhood Gold Card.
Robinhood called its Gold Card “the only credit card you’ll need”, although at least initially it is being offered exclusively for Robinhood Gold members. The Robinhood Gold Card has no annual fee, no foreign transaction fees, and offers 3% cash back on all categories, or 5% cash back on travel when booked through the all-new Robinhood travel portal.
The Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank (Member FDIC), pursuant to a license from Visa USA Inc.
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