Robinhood unveils Platinum Card, a $695-a-year invitation-only credit card

Robinhood Platinum Card was announced on July 22, 2026, carrying a $695 annual fee. Robinhood says the product provides over $3,000 of value each year. Robinhood Credit, Inc. offers it, Coastal Community Bank issues it, and it charges no foreign transaction fees.

On the rewards side, eligible restaurant spending and flights booked via Robinhood earn 5% cash back, while eligible hotel and rental car reservations made in the app earn 10%. All other eligible spending earns 1%. The 5% dining rate covers up to $50,000 per calendar year and falls to 1% beyond that. To redeem cash back, a cardholder needs a Robinhood Financial brokerage account.

Travel credits total $1,000 a year. Of that, $700 goes toward hotel stays of at least two consecutive nights reserved through Robinhood, and $300 goes toward flights, delivered as two $150 payments spaced six months apart. The Platinum Card also offers a $250 dining credit, $120 toward DoorDash with a DashPass membership, and $250 for Waymo rides. Members receive Priority Pass lounge entry, a statement credit for Global Entry or TSA PreCheck, and Robinhood Gold at no charge.

Memberships to Function Health, WHOOP Peak and Amazon One Medical are part of the wellness benefits. The card is available by invitation only. Robinhood is sending invitations to an initial group of customers and intends to expand access during the months ahead. Credit approval is required for every offer.