Robinhood Markets is a US fintech and brokerage founded in 2013 by Vladimir Tenev and Baiju Bhatt, headquartered in Menlo Park, California. The company popularized commission-free retail trading of equities, options, and cryptocurrency, and went public on the Nasdaq under the ticker HOOD in July 2021. It operates a regulated broker-dealer alongside a crypto unit and has expanded into banking and credit card products.
The Robinhood Platinum Card is a crypto credit card offered by Robinhood, available in US Only. It offers 1-10% cashback across 4 reward tiers, giving users the ability to earn higher rates as they increase their commitment. The annual fee starts at $695/yr.
Best suited for spenders who want a true credit line rather than a pre-funded crypto debit card. Its cashback rate sits in the top tier among crypto cards we track. It runs on the Visa network and requires full identity verification.
| Tier | Rate | Requirement |
|---|---|---|
| All Other | 1% | All other purchases |
| Dining | 5% | Capped at $50K/yr spend |
| Flights | 5% | Booked via Robinhood Travel |
| Hotels/Rental Cars | 10% | Booked via Robinhood Travel |
Note: ⚠️ CRYPTO CASHBACK ONLY, Traditional premium credit card launched March 4-5, 2026 at Robinhood 'Take Flight' event. Does NOT use crypto for payments. Cash back redeemable for crypto at $0.01/point. $250 annual DoorDash credit, $250 autonomous-rides credit, unlimited Priority Pass, Amazon One Medical, Oura Ring subscription, real platinum-plated card. Invite-only at launch. Gold membership free. Up to 5x higher credit limits vs Gold. Competes with AmEx Platinum.
Other crypto cards in the same region or category that may suit your spending profile:
The Robinhood Platinum Card is a crypto credit card offered by Robinhood. It is available in US Only and allows users to spend cryptocurrency at merchants worldwide.
The Robinhood Platinum Card offers 1-10% cashback. There are 4 tiers: All Other (1%), Dining (5%), Flights (5%), Hotels/Rental Cars (10%).
The Robinhood Platinum Card has an annual fee of $695/yr. Additional fees: FX fee: 0%.
The Robinhood Platinum Card is available in US Only. Its availability status is "US".
The Robinhood Platinum Card is a true credit card, meaning you can make purchases on credit rather than needing to pre-fund the card with cryptocurrency.
Yes, the Robinhood Platinum Card supports Apple Pay and Google Pay for contactless payments.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level.