We currently only accept payments made through the app through a connected bank account. When you download the Robinhood Credit Card app, you’ll be able to automatically link all accounts associated with your Robinhood account. This includes your spending or individual investing accounts as well. You can also choose to set up autopay or connect a bank account.

To make a payment:

1. Go to Menu (3 bars) → Payments → Make a payment
2. Choose your preferences for how much you’d like to pay and when you’d like to make your payment
3. For the payment amount, you can choose: Full balance, Statement balance, Minimum payment, or Custom. You can also choose a different bank account to use or add a new bank account.

Payment timeline

It may take up to 4 business days for payments to be fully processed by both your bank and Robinhood. You can check the status of your payment in the app by going to Menu → Payments. While your payment is processing, you can view the status of your payment as In Progress. Your payment will clear on your bank’s end before it is done fully processing on ours. If you’re still seeing a payment appear as In Progress after 4 business days, contact our Credit Card support team within the Credit Card app. Note that sometimes In Progress payments may not update your available credit until they fully clear.

Scheduled payments

To schedule a payment to be made at a later time, choose Pay later and the date you’d like the payment to begin processing. You can schedule payments through Menu (3 bars) → Payments → Make a payment. Once a payment is scheduled, it won’t show up in your payment history until it begins to process on the scheduled date. You can cancel a scheduled payment at any time before the payment is set to begin processing. If you’re interested in automatic payments, learn more about Autopay.

If you’d like the payment to process the same day, you can select Pay now instead.

Autopay

You can set up autopay to make payments with the following options:

• Pay full account balance weekly
• Pay full account balance biweekly
• Pay statement balance monthly
• Pay minimum payment due monthly

Note that the weekly and biweekly payment options are initiated on Fridays. Monthly payments will be initiated shortly after your statement is generated.

You can set up autopay in the app by going to Menu (3 bars) → Payments → Autopay. You can also change your preferences by selecting Edit.

Making payments

Each month you’re obligated to pay off your monthly minimum payment as noted on your statement. Pay off your full statement balance each month to avoid paying interest. Alternatively, you can revolve a balance, but you’ll be charged interest.

You’ll get helpful reminders about when a payment is due in your Credit Card app. For more details go to Menu (3 bars) → Payments. There you’ll view your monthly minimum payment amount, full statement balance, and payment due date. To review your monthly statement in the app, go to Menu (3 bars) → Documents → Statements.

Failed payments

Payments may fail for various reasons. When a payment fails, you’ll receive an email notification explaining the failure reason. Below are some common failure reasons and suggestions in how to resolve:

• Insufficient funds
  • There are not enough funds in the account to complete the payment. Either retry the payment once you’ve confirmed the funds are settled, or make a new payment from another account.
• Unable to locate account
  • Sometimes accounts have extra security measures which provide a temporary account number when connecting via Plaid. This can cause a payment to fail as we don’t have the accurate account number to find your account. In these cases, you’ll need to connect your account manually and then retry.

Brokerage and spending-specific failures

• Brokerage and spending accounts are only able to pay the credit account balance with your withdrawable funds. You can’t use margin or unsettled funds, so the available funds shown in the Credit Card app is the accurate available amount to make a payment.
• The brokerage account is being reviewed so no funds can be moved out of the account, even to pay the Gold Card. The account review should be complete within 48 hours and you can then retry making this payment after this time period. If you can’t wait 48 hours, you should retry your payment with a different account.

Interest

For billing and payments, the Robinhood Credit card works like a standard credit card. To avoid being charged interest, you’ll need to pay your full statement balance by your payment due date each month. To find your statement balance and payment due date in the app, go to Menu (3 bars) → Payments or Menu → Documents → Statements.

If your statement balance isn’t paid by your due date, your Average Daily Balance during your billing cycle will be subject to interest. Your Average Daily Balance is the sum of your daily balances divided by the number of days in your billing cycle. To see your interest calculation, go to Menu (3 bars) → Documents → Statements → Interest Charge Calculation.

Residual interest

Residual interest (also called trailing interest) is the interest that continues to accrue on any unpaid credit card balance after the statement closing date and until the payment posts. Because this interest is generated outside the closed billing period, it doesn’t appear on the statement you just received; instead, it is added to the following cycle’s statement even when the prior statement balance was paid in full. This interest is charged when you go from carrying a balance to paying your statement balance off in full.

Let’s go through an example of how residual interest is calculated. Imagine your June billing cycle closes on June 1 with a $1,000 balance carried over from the prior month. Your annual percentage rate (APR) is 24.99%.

1. Convert the APR to a daily rate

• Interest is computed every day, not once a month.
• Daily rate = 24.99 % ÷ 365 ≈ 0.0685 % per day (expressed as 0.000685 in decimal form).

2. Count the days interest keeps accruing

• You schedule your payment for June 11.
• From June 2-June 11, there are 10 full days during which the $1,000 balance remains outstanding.

3. Calculate the trailing interest

• Daily interest charge = $1,000 × 0.000685 = $0.69 per day (rounded).
• Multiply by 10 days: $0.685 × 10 ≈ $6.85.

4. How it appears on your statements

• The June statement you just paid shows $1,000 but not the $6.85, because that interest accrued after the statement closed.
• When the July statement generates, you will see a separate line item for “interest charges” of $6.85. If you don’t pay that amount by the July due date, it, too, will begin to accrue additional interest and could trigger late-fee or grace-period consequences.

So, even though you paid the entire $1,000 balance listed on the June bill, the ten-day window before your payment posted produced $6.85 in residual interest that surfaces only on the following month’s statement.