Robinhood Unveils Platinum Card With Autonomous Ride Credit and Premium Travel Benefits

Robinhood Platinum Card has officially been unveiled as the fintech company expands its financial ecosystem beyond stock trading. The new premium credit card offers travel perks, cash-back rewards, and unique benefits such as credits for autonomous ride services.

The announcement marks a major move by Robinhood Markets to compete with traditional premium credit cards from major banks and financial institutions.

Robinhood Platinum Card Targets Premium Users

The Robinhood Platinum Card comes with a $695 annual fee and is designed to compete with high-end cards like those offered by major financial institutions.

Robinhood says the card could provide over $3,000 in annual value through rewards and credits if users take advantage of all the benefits.

The card itself is also marketed as being plated with 99.9% pure platinum, positioning it as a luxury product aimed at wealthier users and loyal Robinhood investors.

The launch signals the company’s broader strategy to attract customers as they move into higher income levels and demand more advanced financial services.

Autonomous Ride Credits and Travel Benefits

One of the most unusual features of the Robinhood Platinum Card is a $250 annual credit for autonomous ride services, reflecting the growing role of driverless transportation in urban mobility.

The credit works as a monthly benefit, offering about $20 per month and a $30 bonus credit in December for eligible autonomous ride purchases.

Travel perks are another major part of the card’s appeal. Cardholders can receive:

• Up to $120 credit every four years for TSA PreCheck or Global Entry
• Priority Pass airport lounge access
• $300 annual travel credit
• Up to $500 in hotel booking credits

These benefits place the card directly in competition with premium travel credit cards.

Cash-Back Rewards Structure

Unlike many premium cards that rely heavily on point systems, the Robinhood Platinum Card focuses on straightforward cash-back rewards.



The rewards structure includes:

• 10% cash back on hotels and car rentals booked through Robinhood’s travel portal
• 5% cash back on flights
• 5% cash back on dining (up to $50,000 per year)
• 1% cash back on all other purchases

This simplified reward structure could appeal to users who prefer cash rewards instead of complicated travel points.

Additional Lifestyle Benefits

The Robinhood Platinum Card also includes a range of lifestyle and subscription perks designed to appeal to younger investors and tech-focused consumers.

Some of the additional benefits include:

• $250 annual dining credit at participating restaurants
• $250 in DoorDash credits plus DashPass membership
• Health and wellness benefits through services like Amazon One Medical and Function Health
• Credits for wearable health devices and smart technology

These perks reflect Robinhood’s attempt to integrate financial services with lifestyle and technology products.

Strategy Behind the Card Launch

Industry analysts say the Robinhood Platinum Card is part of a broader strategy to turn the company into a full-service financial platform.

Originally known primarily for stock trading, Robinhood has been expanding into:

• banking services
• retirement accounts
• crypto trading
• financial planning tools

By offering a premium credit card, Robinhood hopes customers will reinvest their rewards into its investment ecosystem.

The strategy could help the company retain users as they grow older and accumulate more wealth.

Competition in the Premium Card Market

The premium credit card market is highly competitive, with products from major banks offering similar travel perks and rewards.

However, Robinhood’s focus on cash-back rewards, technology integration, and autonomous ride credits could help differentiate its offering from traditional cards.

Whether the new card becomes widely adopted will likely depend on how many users can fully take advantage of its numerous credits and perks.