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New Robinhood Platinum Card vs. Gold Card: Is the $695 Fee Worth It? (2026)
July 1, 2025
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Robinhood just entered the premium credit card race. Here's everything you need to know before you accept an invite.
Robinhood built its reputation on democratizing investing. Now it's going after a very different kind of customer: the wealthy ones.
On March 4, 2026, Robinhood announced the Robinhood Platinum Card, an invite-only, $695/year premium credit card plated with real platinum (yes, really). It joins the existing Robinhood Gold Credit Card, which shook up the industry with its flat 3% cash back on all purchases.
But are these cards right for you? And if you're already a Gold cardholder, is it worth upgrading?
Here's the full breakdown.
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Robinhood Platinum Card vs. Gold Card: Side-by-Side
What Is the Robinhood Platinum Card?
The Robinhood Platinum Card is Robinhood's first true premium credit card, announced at their Take Flight event and launching in Q2 2026. It's invite-only at launch, with plans to expand access later.
Robinhood is positioning it as a direct competitor to the American Express Platinum Card® and Chase Sapphire Reserve®, and at $695, it comes in cheaper than both.
Key card details:
- Annual Fee: $695
- Purchase APR: Variable
- Rewards: 10% on hotels/rental cars, 5% on dining and flights (via RH Travel), 1% on everything else
- Issuer: TBD
- Availability: Invite-only at launch
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Robinhood Platinum Card Benefits: What You're Actually Getting
Robinhood values the Platinum Card's benefits package at over $3,000/year. Here's what's included:
- 🏨 $500 annual hotel credit
- 🏥 Complimentary Function Health membership ($365/year value)
- ✈️ $300 annual travel credit
- 🍔 $250 annual DoorDash credit + complimentary DashPass
- 🍽️ $250 annual restaurant credit
- 🚗 $250 annual autonomous rideshare credit
- ⌚ $200 annual health wearables credit
- 🩺 Complimentary Amazon One Medical membership ($199/year value)
- 💍 Complimentary Oura membership ($70/year value)
- 🥇 Complimentary Robinhood Gold membership ($50/year value)
- 🛫 Unlimited Priority Pass airport lounge access
- 🔒 Global Entry / TSA PreCheck credit (~$120 every 4 years)
As with any premium card, the value you extract depends entirely on which benefits you'll actually use. If you don't use DoorDash, don't wear a health tracker, and don't travel frequently, that $3,000 figure shrinks fast.
What Is the Robinhood Gold Card?
The Robinhood Gold Credit Card launched in 2024 and now has over 600,000 cardholders. It's beloved for one simple reason: flat cash back on everything, with no category restrictions — one of the highest flat rates available anywhere.
Key card details:
[[ SINGLE_CARD * {"id": "7646", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Active Robinhood Gold Subscribers", "headerHint": "High Cash Back"} ]]
The card is best for Robinhood users who want maximum simplicity: one card, one rate, no thinking required.
Robinhood Platinum vs. Gold: Which Should You Get?
Choose the Robinhood Gold Card if:
- You want the highest flat cash back rate with no annual fee complexity
- You're already a Robinhood Gold member or active investor
- You don't travel frequently enough to justify premium card benefits
- You prefer simplicity over a coupon book of credits
Choose the Robinhood Platinum Card if:
- You spend heavily on dining, hotels, and rental cars
- You'll realistically use most of the included credits (DoorDash, travel, health)
- You want premium lounge access for frequent travel
- You're already paying for services like Oura, Amazon One Medical, or Function Health
Skip both if:
- You're not already in the Robinhood ecosystem. The redemption structure favors brokerage account users
- You want travel transfer partners. Neither card offers airline or hotel point transfers
How Do They Stack Up Against the Competition?
The Robinhood Platinum Card enters a crowded field. Here's a quick look at how it compares:
- Amex Platinum: Higher fee, broader lounge access (Centurion + Global Lounge Collection), stronger travel perks, and transfer partners
- Chase Sapphire Reserve: Better for flexible point redemptions and travel transfer partners; $300 travel credit is easier to use
- Capital One Venture X Rewards Credit Card: Most affordable of the premium set; simpler benefits, still includes lounge access and travel credits
The Robinhood Platinum Card's edge is health and wellness credits. No other premium card bundles offer Function Health, Oura, and Amazon One Medical at this level.
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A Note on Redemption
Both Robinhood cards are best utilized when rewards are redeemed into a Robinhood brokerage account. You can also redeem for travel through Robinhood's portal or pay with rewards at select merchants, but brokerage redemption maximizes value and aligns with Robinhood's broader financial ecosystem play.
If you don't use Robinhood as your brokerage, this is a meaningful limitation worth factoring in.
Pro Tip: Use Kudos to Maximize Either Card
Whether you go Gold or Platinum, Kudos helps you make sure you're using the right card for every purchase. Kudos automatically recommends your best card at checkout, so if the Robinhood Platinum earns 5% on dining but another card in your wallet earns more on groceries, you'll always know which to swipe.
The Bottom Line
The Robinhood Gold Card remains one of the best flat cash back cards available — simple, high-earning, and low-cost for existing Robinhood users.
The Robinhood Platinum Card is a legitimate premium contender, but like all high-fee cards, it only pays off if your lifestyle maps to its benefits. Run the math on what you'd actually use before accepting an invite.
And if you want to know exactly how much either card would earn you based on your real spending, Kudos' Test Drive feature can show you before you apply.
Frequently Asked Questions
How do I get the Robinhood Platinum Card?
The card is invite-only at launch. You can request access via Robinhood's website and wait for an invitation.
Is the Robinhood Platinum Card made of real platinum?
Yes — CEO Vlad Tenev described it as "annoyingly heavy" at the announcement keynote.
Can I have both the Robinhood Gold and Platinum cards?
Robinhood has not confirmed whether cardholders can hold both products simultaneously.
Do I need a Robinhood account for the Platinum Card?
Yes. Rewards are redeemed into a Robinhood Financial brokerage account, making it best suited for existing Robinhood users.
When does the Robinhood Platinum Card launch?
The card is expected to ship in Q2 2026, with invites going out to select customers first. We’ll keep you posted as soon as we have more details!
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