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This is a no brainier, throw your emergency fund in robinhood and let the interest pay the $5 monthly fee. Card is basically free. The cash back goes back to robinhood and gains that same 5% make your money work for you.

@psikogeek

4 ай бұрын

Good point. $1000 in your fund should pay the $50 per year with the 5% return.

@dizzyg6862

4 ай бұрын

They give you $1000 in no interest margin to invest. You could throw that in SGOV and pay annual fee.

Robinhood operations forced big brokerages to eliminate their stock purchase fees.

$50 is nothing if you spend enough. Too bad they don't have a business variant lol

That KZread flex was hilarious!😂

Love this card. Now I can invest into my Roth IRA with every purchase I make. Plus holding all my money in the brokerage with a 5% APY, it’s a no brainer if you utilize Robinhood gold in my opinion.

Hmmm is it worth it .... I have my Alliant Visa Signature, which is 2.5% no fee. I do have to keep 1k in the Checking account (which could technically go towards a 5% APY) .. but then that's taxed .....so...... when it comes out, we'll see.

Well done, thanks for the review and the math!

If you already have Robinhood gold, it’s pretty awesome, otherwise it’s not great with no bonus and a fee.

You lost me at $5/month or $50/year 🤦‍♂️

Ok 3% Ira match. Plus 3% cashback , doesn’t sound that back.

@alexsox

4 ай бұрын

People shit on Robinhood a lot, but this is the exact kind of thing it has to do to be competitive. It isn't for me, but I respect the value there

The question (we don't know because it is talking about the future) is will it stay the same for years on end? It is good you do the basic, but great, match to compare another deal on the other card. Satire: Double you with the refection in the play button. I remember back early on just took a screenshot and used it as a thumbnail. Now you have gone stereo. Enjoy the week!

@mitchell.9632

4 ай бұрын

The heck with my spelling though match looks almost like it fits in when it should read math.

i'm on the waitlist and do not have gold. it simply says gold membership gives priority access.

@ProudMoney

4 ай бұрын

You definitely need it to get the card, but maybe not to get on the waitlist. Priority Access would be for people already paying for Gold I believe.

@iamsean92

4 ай бұрын

@@ProudMoney lol ok. i'm on the list but also not on the list thanks robinhood. i honestly do like the cashback going into the brokerage account though, fidelity and charles schwab offers something similar. with no monthly fee though

there seems to be two versions. or will be soon. it says on i'm the list. if i have gold i'd have priority access to it (i do not have gold). it does not say i can't get it without gold.

Idk why you don’t want to call it an annual fee-it is an annual fee. I do think it’s worth it for some people as long as you take advantage of gold and use the card a lot. Good for people who don’t want to switch cards for every category. If they release it and there’s nothing else that comes out about it and they keep the 3% and 50 a year, I personally think it’s a solid card

So, I transferred in my Ira and got 3% on that. It’ll pay this $50 fee for several years, as does 3%/year on Ira contributions, which I’ll max each year. All upsides to me.

Great content as always, thanks Adam!!!

I knew there would be a gotcha!

Thank you for finally showing the silver YT award!!

@ProudMoney

4 ай бұрын

😀

Many vlogs talking about the "rise of the subscription economy" - I'd rather do without a subscription, pass...

The only 3%+ card I've ever had was SPG, which they could do, given the margin in their hotel stay. Marriott obviously didn't want to be so generous. This will get nerfed, from a company with a questionable reputation. Coastal Community Bank looks like they issued X1, now Robinhood Gold. Maybe next it will convert into X3 a crypto card for Kraken.

Congratulations on 100k!

there are ones that are special addition aperantly made with real gold. then the stainless steel. with the gold memebership gives you access the those " real" gold ones. but you can still get the stainless steel one without gold memebership.

I hear whispers of riches beyond the glen, a magical 3% card that could earn gold again. But wait! There was more to this golden tale, Guinness Stew on Amex Gold without fail. And then, the Luxury Card Gold joined the fray, its concierge service ready to whisk me away. Three cards, three shades of gold-oh, a trifecta in sight! This lep clutched them close, me heart taking flight.

Still waiting...

I’ll stick with my AAA Advantage.

The actual gold AU gold card is only available to influencers.

@Fancichick765

4 ай бұрын

Or if you refer 10 people

@shannoncargo468

4 ай бұрын

I don’t even know 10 people that are invested little own 10 people that use Robinhood

Gold metal.. now you got my attention

You haven't done this good of a credit card review in a while. Thank you for breaking it down. Not interested in the card, no thank you. But I don't use the Robinhood platform so maybe there's other people who will like it.

Video on CSR/Ritz dropping PPR soon? 👀

Remember GME and stop the trade. Pepperidge farm remembers.

X1 Visa Signature is superior which seems to be replaced by the Robinhood Gold Card glad I hold the X1 Visa Signature.

@iamsean92

4 ай бұрын

They will probably eventually product change you than. Whether you like it or not. X1 will probably vanish completely. Robinhood kinda makes zero reference to it anywhere anymore

Old dogs wont see the value in this RH gold card.

Let’s not forget robinhood played a huge part in changing the stock exchange rules after people found that loophole and made a lot of money on GameStop stock, robinhood is shit

@iamsean92

4 ай бұрын

all retail brokerages do this stuff

I believe Fidelity 2% Visa card with 150$ signup bonus is better

@smoovemike1460

4 ай бұрын

You don’t know basic math if you think it’s better.

@BitcoinAndChess

4 ай бұрын

Since when is receiving 2% instead of 3% considered "better"? Since when is paying $150 instead of $50 "better"? Math isn't your strong suit.

Interesting video

This card is a game changer!

basic phycology in these comments

This card is terrible, too many hoops to jump through. Forget it.

@9thebigcool

4 ай бұрын

3% back on everything is too many hoops? What is simpler than that?

No thanks I would rather Have the Amex Gold instead

@iamsean92

4 ай бұрын

$250 a year

@smoovemike1460

4 ай бұрын

Have Amex gold that’s $500 annual fee and tbh this is better then my Amex gold. This is better for cash back and everyday tbh

These types of cards are hot garbage.

I'm a robinhood gold member already. I have my assets plus margin in my account. The people that say it is not worth it or useless cards. Most likely, you are broke and living paycheck to paycheck and making others banks richer paying interest and annual fees

@aaront936

4 ай бұрын

Or I don't use a tech bros app for my brokerage/bank.

Screw paying 6.99 a month for this garbage 🗑

Nope stop advertising for that shit. Credit card and no bonuses for sign up? Yeah fuk it no. ill use other cards I have lots of 5% categories. Paying to get it too hell no

@iamsean92

4 ай бұрын

I imagine this card will not require a high credit score. Usually with bonus offer type cards they want to have a pretty decent FICO score.

@iamsean92

4 ай бұрын

But I agree. My savorone and discover it are better or more practical

Lmmfao

Get to the meat! Waste my time. WHAT IS THE ANNUAL INTEREST RATE!?

@ProudMoney

4 ай бұрын

I forgot to mention it, but it's 20% at the low and 30% at the high essentially. Sorry for wasting your precious time, but I appreciate your good manners.

@bennnnnnnnnnnnnnnnnn

4 ай бұрын

If you need to know interest rates, you shouldn't be using credit cards

@moobs

4 ай бұрын

Lmfaoooo

@FriendlyNeighborhoodNitpicker

4 ай бұрын

If you have to ask the interest rate, you’re using it wrong.

@iamsean92

4 ай бұрын

if you are worried about interest rate go to a credit union. otherwise it will be very high regardless. take advantage of the grace period. no interest when paid in full. or make more than minimum to lessen the interest

Useless card. There will be 3 for all with no fee soon.

@A42yearoldARAB

4 ай бұрын

There will not be lol. Capital one still does 1.5 on QS. Alot have not even moved to 2% back on everything yet.

@benchoflemons398

4 ай бұрын

Doubt it the highest you can get is 2.5% on up to 10 K month and you have to maintain $1000 checking balance

@se7sTC

4 ай бұрын

For a frequent international traveller. This is worth it. Besides the fact that this is unprecedented. It comes with 0% foreign transaction fees. So it’s 3% even internationally. This beats even the 5% back cards with 3% foreign transaction fees

@stevedice5963

4 ай бұрын

Wells fargo autograph has 3% most categories no international fee. Sofi has 2% on ALL purchases no international fee . Both free cards. Stupid to pay ​for a discount @se7sTC

@DJBHART

4 ай бұрын

Alliant is a good card. $59/yr and 2.5% back on up to $250 each month

A solid gold credit card is just another expensive item to lose if you get robbed.

@wilfredpapaya4739

4 ай бұрын

Plus a nice little fee to replace the card too. I’m good but I do like competition.

So would I PM 💰