The Robinhood Platinum Card earns 1-10% cashback on a Visa credit card with a $695/yr fee, available in US Only.
Robinhood Markets is a US fintech and brokerage founded in 2013 by Vladimir Tenev and Baiju Bhatt, headquartered in Menlo Park, California. The company popularized commission-free retail trading of equities, options, and cryptocurrency, and went public on the Nasdaq under the ticker HOOD in July 2021. It operates a regulated broker-dealer alongside a crypto unit and has expanded into banking and credit card products.
The Robinhood Platinum Card is a crypto credit card offered by Robinhood, available in US Only. It offers 1-10% cashback across 4 reward tiers, giving users the ability to earn higher rates as they increase their commitment. The annual fee starts at $695/yr.
Best suited for spenders who want a true credit line rather than a pre-funded crypto debit card. Its cashback rate sits in the top tier among crypto cards we track. It runs on the Visa network and requires full identity verification.
New to crypto cards? Read our complete buyer's guide to understand fees, rewards, and how to choose. Concerned about privacy? See our KYC vs non-KYC comparison. Compare more options in our best crypto cards in the US guide. See where it ranks among the best crypto credit cards.
| Tier | Rate | Requirement |
|---|---|---|
| All Other | 1% | All other purchases |
| Dining | 5% | Eligible dining purchases, up to $50,000 per calendar year, then 1% |
| Flights | 5% | Flights booked through the Robinhood Travel portal. Flights booked elsewhere earn the 1% base rate |
| Hotels | 10% | Hotels and rental cars booked through the Robinhood Travel portal. Bookings made elsewhere earn the 1% base rate |
On $500/mo spend, the estimated monthly cost breakdown for Robinhood Platinum Card is: gas $0.00, conversion spread $0.00, flat/FX fees $0.00, and amortised card/tier fee $57.92, for a total drag of 11.6% of spend. After $5.00/mo cashback that is still a net cost of about $52.92/mo ($635.04/yr). Robinhood Platinum Card tops up from a centralized balance, so there is no on-chain gas cost regardless of how often you reload. Figures are conservative estimates and vary with conditions.
Note: TIER CORRECTION (2026-09-01): the dining, flights and hotels rows previously asserted that the official page states no cap and no booking-portal condition. Robinhood's own rollout newsroom post and travel support article state the opposite: dining is capped at $50,000 per calendar year, and the 5% flights and 10% hotels rates apply only to bookings made through the Robinhood Travel portal, with rental cars included in the 10% category. The rows now carry those restrictions. ⚠️ CRYPTO CASHBACK ONLY, Traditional premium credit card launched March 4-5, 2026 at Robinhood 'Take Flight' event. Does NOT use crypto for payments. Cash back redeemable for crypto at $0.01/point. $1,000/yr travel credits ($700 hotel + $300 flight, bookings via Robinhood Travel), $250 annual dining credit (15K+ restaurants), $120/yr DoorDash promo + complimentary DashPass, $250 Waymo autonomous-rides credit, unlimited Priority Pass (1,400+ lounges), WHOOP Peak membership ($239/yr value; replaced the originally announced Oura perk), Amazon One Medical, Eight Sleep one-time credit up to $1,000, $365 Function Health membership, $120 Global Entry/TSA PreCheck credit, real platinum-plated card. Perks were reworked between the March 2026 announcement and the live rollout. Invite-only; invite rollout expanded July 22, 2026. Gold membership free. Up to 5x higher credit limits vs Gold. Competes with AmEx Platinum.
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The Robinhood Platinum Card is a crypto credit card offered by Robinhood. It is available in US Only and allows users to spend cryptocurrency at merchants worldwide.
The Robinhood Platinum Card offers 1-10% cashback. There are 4 tiers: All Other (1%), Dining (5%), Flights (5%), Hotels (10%).
The Robinhood Platinum Card has an annual fee of $695/yr. Additional fees: FX fee: 0%.
Yes. The Robinhood Platinum Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.
The Robinhood Platinum Card is available in US Only.
The Robinhood Platinum Card is a true credit card, meaning you can make purchases on credit rather than needing to pre-fund the card with cryptocurrency.
Yes, the Robinhood Platinum Card supports Apple Pay and Google Pay for contactless payments.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level, or compare cards side by side.