Robinhood Platinum rewards
The Robinhood Platinum Card offers an incredible rewards program. You’ll earn 5X points on eligible dining and flights booked through Robinhood. You can earn up to 10X points on eligible hotels and car rentals bookings booked through Robinhood. Learn more in Rewards → Travel. Review the full terms on Robinhood Platinum Card Rewards for more info.
If you don’t have Robinhood Banking, Rewards will be in its own tab in your app (not under Credit Card).
You can redeem points at any time by going to the Rewards tab in your Banking app. You can view your current point balance and choose from our available redemption options. After completing your point redemption, you’ll have the redemption details in your transaction history on the home screen of the app.
Point redemptions can’t be reversed or canceled after they have been initiated.
We offer different options for redeeming points earned on your Robinhood Platinum Card, including but not limited to:
You can redeem points for a Gold bar. Each 24k Gold bar we offer is 10g and made of pure Gold. The price is based on factors such as Gold’s value and may fluctuate. To reserve a Gold bar, use your current points (even if you don’t have enough yet). After you reserve it, all future points will go toward the Gold bar and can’t be used for other rewards. Once you have reserved enough points, you’ll be prompted to start shipment. If you’d like, you can cancel your reservation in the app prior to shipment.
You can redeem your points for statement credit. When you select this option, you can choose a preset redemption amount for faster redemptions or enter a custom amount. After you select an amount, the statement credit redemption flow will open for you to confirm. The value of points you redeem for statement credit is less than $0.01 per point. Check out the Robinhood Banking app for details.
You can't use points to pay down the minimum payment due.
Occasionally, we run limited-time sweepstakes where you can redeem your points for a chance to win a grand cash prize.
Gas with Points allows Platinum Card customers to get discounts on fuel at the following participating gas stations:
You must have a minimum of 1,450 points. You can redeem $0.50 off per gallon, up to 20 gallons per transaction, for 1,450 points. To earn points, just swipe your card at a participating gas station.
You’ll get the offer at a gas pump terminal that says: 1,450 Robinhood pts = $0.50 off per gallon up to 20 gallons. To redeem points for gas, just select Yes on the gas pump terminal to accept the offer.
After you finish pumping gas, you’ll get a notification about redeeming points for gas and a receipt that shows you paid with points. It also shows the amount you saved on the transaction by using points.
Only primary cardholders and full partner authorized users can redeem points for discounts on fuel. If you choose to redeem points using this method, the value of your points may be less than $0.01 per point.
Robinhood Platinum Card customers can redeem rewards points directly when shopping on Amazon. Here’s how it works:
You can redeem any amount of available points. If you don't have enough points to cover the full purchase, the remainder will be charged to your Platinum Card. Amazon point purchases will appear as a $0 transaction in Transactions. Note that if you choose to redeem points using this method, the value of your points is less than $0.01 per point.
To link your Platinum Card and start using your points, go to the Rewards tab in the Banking app and select Shop with Points. This takes you to Amazon, where you can add your Platinum Card as a payment option. During checkout, you’ll have the option to pay using points.
Robinhood can’t issue refunds. Amazon processes refunds for purchases made with points. Contact Amazon directly for any issues. If Amazon issues a refund, Amazon will return your points to your Robinhood Reward balance after processing the refund.
You can earn a 3.35% APY on your cash back once it’s transferred to your Robinhood investing account and you’re enrolled in the High-Yield Cash Program. Your points earned can be converted to cash that is directly transferred into your Robinhood investing account. Because all Platinum cardholders have an annual Gold subscription ($50), with the High-Yield Cash Program, you can earn a 3.35% APY on eligible brokerage cash in your investing accounts. For more details and how to enroll, check out the High-Yield Cash Program.
The redemption rate for this option is $0.01 per point and you can choose to transfer any amount of available points as brokerage cash back. Once transferred, you can view this transfer history in the Robinhood app listed as Cash back reward from Robinhood credit card. You’ll also receive a confirmation email titled Your cash back redemption is complete. Select View transfer details to review your cash back in the Robinhood app.
Cash back never expires and stays as cash within your investing account to be used however you like. All cash back point redemptions are non-reversible. Once you initiate a cash back point redemption, we’re unable to refund it.
All cardholders need to have an individual investing account to access their cash back. If you don’t have one, you’ll first be prompted to open an individual investing account in the Robinhood app before being able to use the cash back feature in the Banking app. Cash back point redemption is only available for primary cardholders.
For more information about the benefits of Robinhood Platinum and the potential APY you can earn from your Cash Back redemptions, check out Robinhood Platinum.
You can use your points to purchase gift cards for select merchants. Simply choose the merchant that you’d like to purchase a gift card with from our merchant list. Next, choose the gift card value from our list of preset options or by adding a custom amount. You’ll be able to review how many points you’ll be redeeming to complete the purchase, confirm, and complete your gift card purchase.
Our point redemption rate for gift cards is $0.01 per point. If you don’t have enough points to complete your gift card purchase, you’ll be notified in the app. To complete your gift card purchase, select a gift card amount that doesn't exceed your current point balance.
After you’ve purchased your gift card, you’ll receive a confirmation email with your gift card details. You can view this and other gift cards and other previously created gift cards by going to Points → Gift cards → View all. You can also add your gift cards to your mobile wallet or send your gift cards to anyone by selecting Share when viewing your card.
All gift cards are digital only. You won't receive a physical copy of your gift card. Your gift card’s transaction information won’t appear in the Robinhood Banking app and similarly, your gift card balance won’t update as you make transactions. The app will only show the original gift card amount, merchant name, and card details. If you delete a gift card from the Gift cards section in the app, you can’t add it back.
Cardholders can earn 5% cash back on eligible flight purchases when using the Robinhood Platinum Card Travel Portal. You can also earn 10% cash back on eligible hotel and rental car bookings when using the Robinhood Platinum Card Travel Portal.
Within the portal, you can search for flights and hotels. When you search for flights, your home airport will auto-populate. You can edit all fields to search for flights anywhere in the world.
Cardholders can earn 5% cash back on eligible dining purchases with the Robinhood Platinum Card, including restaurants, takeout, and delivery. Once dining purchases exceed $50,000 in annual spend, the rate drops to 1% cash back.
Orders placed through food delivery apps count as dining purchases and earn 5% cash back. Grocery store purchases don't count as dining and earn 1% cash back, though grocery orders placed through a food delivery app may count as dining spend.
Transactions that don’t earn points include, but are not limited to, the following. Cash-like transactions:
Other ineligible transactions include:
Robinhood Platinum Card and Robinhood Gold Card are offered by Robinhood Credit, Inc. (“RCT”), and are issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. RCT is a financial technology company, not a bank.
*You'll earn 5% cash back, up to $50,000 per calendar year, in eligible dining purchases, then 1% thereafter. Must have a Robinhood Financial Brokerage Account to redeem cash back. See the Robinhood Platinum Card Rewards Program Rules for details, which are subject to change.