Robinhood Platinum Card was announced a few months ago, and today it went live for guest users. They have modified a number of card benefits; the full updated review can be found below.
Robinhood Platinum
Linking the card | Press release | Tariff table
Key details:
- Annual fee of $695
- Authorized user: free authorized user without benefits or $395 authorized fee with benefits (Priority Pass, Global Entry, Whoop, Amazon Medical, Function Health)
- There are no foreign transaction fees
- Travel protection
- Priority Pass Selection membership with unlimited access
Earning rates of cards (conditions):
- 5% cash back on dining on the first $50,000 in annual spending. (MCC will define what Food means.)
- 10% cashback on hotels and car rentals through Robinhood travel portal.
- 5% cashback on flights through Robinhood travel portal.
- 1% cashback on everything else.
Card loans
Linking the terms of the card benefit
- 120 dollars Doordash Credit – $10 monthly with no minimum order. Also: free Dashpass membership.
- 250 dollars Food Credit – $20 credit per month, with a higher credit of $30 in January. Valid at 15,000 participating restaurants; see the app for a list of participating restaurants.
- 700 dollars in Hotel Credits booked through Robinhood Travel Portal – $250 statement credit every six months + $100 property credit for hotel services. Requires a 2-night stay at a participating premium hotel booking; see the app for a list of participating hotels.
- $300 a year Flights Statement Credit – $150 every six months for direct flight bookings with any airline or flight booking through the Robinhood Travel Portal.
- 250 dollars Waymo credit – up to $20 each month and $30 in December up to $250 in statement credits
- Global Entry/TSA Loan – up to $120 every 4 years
Free memberships:
- Robinhood Gold ($60 value) – normally $5 per month
- Health function ($365 value) *requires activation* – get a $365 statement credit when you charge your card the $365 Function Health membership fee. Customers in Hawaii and Rhode Island are not eligible for Health Function Membership benefits. Customers in New York and New Jersey additional fees may be charged by Quest Diagnostics at the time of laboratory visits due to those states’ rules regarding the billing and administration of laboratory tests.
- Amazon Health ($199 value) – sign up to receive a sponsored annual membership to Amazon One Medical which includes 24/7 on-demand virtual care and same/next day appointment booking in many US cities. The regular annual cost of Amazon One Medical membership is $199. In-office and scheduled remote visits are billed to individuals or insurance. Standard payments or discounts may apply.
- Up credit ($239 value) *requires activation* – get up to $239 in statement credits per year when you make one or more eligible purchases on whoop.com through 12/31/2027. An eligible purchase is the purchase of a WHOOP Peak or other membership and the purchase of goods or services on whoop.com.
- Free DoorDash DashPass membership
- Eight sleeps (temporary deal until 9/15/26): promo code redeemable for up to a $1,000 credit on a qualifying purchase at eightsleep.com.
Our verdict
They have significantly changed most of the credit card from what it was first announced a few months ago.
Some impressions:
- I can see this card for someone who pays for some of the memberships anyway. For example, someone who pays for Function and Robinhood Gold anyway can save $425 by keeping the card, which offsets most of the annual fee.
- The Eight Sleep temporary deal may (?) be of value to someone planning to purchase an Eight Sleep system.
- Beyond free memberships:
- The $300 flight credit seems useful, but again the credit is only for flights (unlike the Sapphire Reserve which offers the widest category of travel)
- Some will find value in the hotel credit, but it’s not worth nearly $700.
- DoorDash, Dining, TSA and Waymo credits are the kind of fringe benefits that can be useful, but do little to justify the annual fee.
- The 5% rate on Dining is interesting – it’s the best dining card for cash back. Even counting points cards, the 5% rivals the 4x on the AmEx Gold and the 3x on the Chase Sapphire Preferred/Reserve.
In the end, without any sign-up bonus, this isn’t an easy card to justify signing up for or to justify the annual fee. But it might make sense for the right person who wants a cash back dining card or uses part of the health membership and is able to use some of the flight credits and some of the other credits.
