Pay Over Time
The Robinhood Gold Credit Card now has the option to Pay Over Time for payments related to your credit card. This feature may be eligible to you at our discretion.
Purchases over $100 that were made within the last 90 days are eligible for Pay Over Time. Cash-like transactions and fees are not eligible.
You can only have 5 Pay Over Time plans open at any time and only primary card users can enroll in Pay Over Time plans.
You can view an eligible transaction’s detail page, and then select Set up Pay Over Time to explore your plan options.
Once you select a monthly plan, you’ll get plan details, such as the plan length, APR, adjusted monthly payment (including interest), and adjusted balance. After you’re enrolled, you can also find these details in your confirmation email and in the app, at Menu (3 bars) → Payments.
After you sign up, your monthly payments are added to your next credit card account statement.
Interest starts accruing on your plan the day after you enroll.
To make a payment, go to Menu (3 bars) → Payments → Make a payment. Your adjusted balance and minimum monthly payment will include your Pay Over Time monthly payment.
If you have autopay set up, it’ll be automatically adjusted to include your monthly Pay Over Time payment each month.
Yes, you’ll pay interest on Pay Over Time plans. This interest is built into your monthly payments. Any interest charged on Pay Over Time plans will be the agreed upon APR at enrollment.
No, you can’t change or cancel a Pay Over Time 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 with no penalties or additional fees. To do this, you will need to pay your entire account balance in full.
Your monthly plan payments are added to your statement balance until your plan is paid off. This updated balance is shown as your adjusted balance. If you pay your adjusted balance each month by your payment due date, you’ll avoid being charged interest on purchases. Any amount you pay over your adjusted balance will be applied towards your balance with the highest APR first, then the balance with the next highest APR after that.
There are no hard inquiries required to enroll in Pay Over Time 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.
The returned amount will be credited to your account balance as a refund, but your Pay Over TIme balance and monthly payment won’t change. You’ll still need to pay your Pay Over Time balance in full.
Yes, you’ll still earn points as you usually do on original purchases.