Monthly payment plans
The Robinhood Gold Credit Card offers monthly payment plans, which lets you split eligible purchases into smaller monthly payments for a simple, fixed monthly fee with no interest. Eligibility for this feature is determined at our discretion.
All posted transactions of $100 or more may qualify for monthly payment plans. Cash advances, fees, and cash-like transactions aren’t eligible.
Your current balance needs to be more than the transaction that you’re converting to a monthly payment plan.
You can view an eligible transaction’s detail page, and then select Set up monthly payments to explore your plan options.
You’ll also see monthly payment options on the Payments page, Home page, and through email or push notifications after eligible purchases.
When you select a plan, you’ll choose the plan length (3, 9, or 12 months), your monthly payment amount, and the flat monthly fee. There’s no APR or interest, and you’ll see all details clearly before confirming.
After enrolling, you’ll get a confirmation email and can review your plan anytime in the app, at Menu (3 bars) → Payments → Monthly payment plans.
After you sign up, your first monthly payment and fee will be added to your next statement and due by that statement’s due date.
There’s no interest on monthly payment plans. Your fixed monthly fee only applies while there’s an outstanding balance.
To make a payment, go to Menu (3 bars) → Payments → Make a payment. Your Minimum Payment Due includes your monthly commitment (includes monthly principal and fees).
If you have autopay turned on, your payment will automatically include any active monthly payment plans. If you have weekly or bi-weekly autopay enabled, your monthly payment plan will be automatically paid off early.
No, you won’t pay interest. Monthly payment plans use a flat monthly fee instead of interest. This fixed fee appears on your statement each month while your balance remains.
No, you can’t change or cancel a monthly payment plan after it’s set up. Plans will remain active until the full account balance is paid off.
You can pay off the full balance of your plan early without penalties. Once you’ve paid off the full balance, no additional fees apply.
Your monthly payment installment and fee appear as part of your Minimum payment due each month.
If you pay more than the adjusted statement balance, extra funds go toward your monthly payment balance first.
There are no hard inquiries required to enroll in monthly payment plans. When you enroll, it won’t increase your credit limit.
Your plan won’t be canceled if you miss a payment. To avoid your account becoming delinquent, you’ll need to make up the missed payment as soon as possible.
You can set up autopay in your Payment settings to avoid missing a payment.
Returned purchases will be credited to your account balance, but your monthly payment plan won’t automatically update. You’ll still need to pay your balance in full.
Yes, you’ll still earn points as you usually do on original purchases.