Robinhood has launched the Robinhood Platinum Card, a premium credit card aimed at high-spending customers with enhanced rewards across dining, travel, health and wellness.
Invitations are being distributed to an initial group of customers, with broader availability expected over the coming months. The launch follows Robinhood reaching more than 1 million Gold Card customers.
The Platinum Card carries a $695 annual fee and offers more than $3,000 in potential annual value, according to Robinhood. The card is issued by Coastal Community Bank through a license from Visa.
Robinhood designed the product for customers seeking higher spending limits and premium travel and lifestyle benefits. Eligible cardholders may receive credit limits as much as five times higher than those offered through the Robinhood Gold Card, although individual limits remain subject to credit approval.
The physical card weighs 27 grams and features 99.9% pure platinum plating. Robinhood said the heavier design is intended to distinguish the product from conventional premium credit cards.
Cardholders can earn 5% cash back on eligible dining purchases and flights booked through Robinhood. The 5% dining rate applies to up to $50,000 in eligible purchases per calendar year, after which customers earn 1%.
The card also provides 10% cash back on eligible hotels and rental cars booked through the Robinhood app, along with 1% cash back on other eligible purchases. Customers must maintain a Robinhood Financial brokerage account to redeem rewards.
Annual travel credits total as much as $1,000. This includes up to $700 in hotel credits for stays of at least two consecutive nights booked through Robinhood and $300 in flight credits distributed in two $150 increments every six months.
The Platinum hotel network includes more than 1,700 premium properties. Eligible bookings may include room upgrades, early check-in and priority late checkout when available.
Cardholders also receive unlimited access to more than 1,400 Priority Pass airport lounges worldwide, along with travel protection and a statement credit for Global Entry or TSA PreCheck.
The card does not charge foreign transaction fees.
Robinhood added a $250 annual Waymo credit, allocated monthly, for autonomous vehicle rides. The company also introduced concierge support that can assist with travel disruptions, exclusive events, private flights and other requests through text messaging.
Dining benefits include $250 in annual credits across more than 15,000 eligible restaurants. Cardholders also receive $120 in annual DoorDash promotions, issued monthly without a minimum order requirement, and a complimentary DashPass membership.
Health and wellness benefits include a complimentary $365 Function Health membership. The program provides access to more than 160 laboratory tests and personalized clinician insights.
Robinhood is also including an Amazon One Medical membership valued at $199.
For wearable technology, the card provides access to a complimentary WHOOP Peak membership with hardware included. Customers can also receive a one-time credit of up to $1,000 toward an Eight Sleep Pod and Base through September 15.
A complimentary Robinhood Gold membership is included with the card.
Robinhood said it expanded several benefits after gathering feedback from customers who expressed interest following the product’s initial announcement in March 2026.
The company increased the card’s travel credits, expanded its hotel network and revised the autonomous ride benefit. It also added DoorDash promotions, concierge service and new wellness-related benefits.
The Platinum Card is part of Robinhood’s effort to broaden its relationship with customers beyond brokerage services. The company has expanded into banking, cash management, retirement products and credit cards as it seeks to serve customers across more areas of their financial lives.
The rollout remains invitation-only, and all applications are subject to credit approval. Terms, limitations and eligibility requirements apply to individual rewards and credits, and Robinhood may change the benefit structure over time.
KEY QUOTE:
“Whether you’re just getting started or are ready for a premium credit card with industry-leading benefits, we want Robinhood to be the place you turn to at every stage of your financial life.”
Deepak Rao, Senior Vice President and General Manager of Robinhood Money, Robinhood Gold, Growth and Marketing
