physixfan      2026-03-05     2026-03-05 0 Comments

Robinhood Platinum Card Review

Application Link

• Not available yet. You can use this link to join the waitlist: Robinhood Platinum Card

Features

1. Earn 5% cash back on dining (including both restaurants and deliveries), on up to $50k per year; earn 10% cash back on hotels and cars and 5% cash back on flights, booked via Robinhood travel portal; earn 1% cash back on everything else.
2. Complimentary Robinhood Gold membership ($5/month without this card).
3. A thick coupon book, see below.
4. Priority Pass Select (PPS) airport lounges.
5. Global Entry & TSA Pre check credit.
6. No foreign transaction fee.

Varies Credits

1. $300 travel credit: $150 per six months. Eligible transactions include rideshare services, hotel charges, flights, and other travel-related purchases. Transactions do not need to be booked through the Robinhood travel portal to be eligible. This is likely one of the easiest credits to use, so it can reasonably be valued at face value.
2. $500 hotel credit: Eligible cardholders will receive up to $250 in statement credits for qualifying luxury hotel bookings per six-month period, with the option to use up to $100 of that credit toward standard hotel bookings. Qualifying hotels are identified in the App and must be booked through the Robinhood travel portal. Minimum two-night stay required. This credit comes with significant restrictions. In particular, the “qualifying luxury hotel bookings” may refer to a relatively small list of properties, and prices at these hotels could be inflated. For most people, the portion that is realistically usable is likely just the $100 per six months for standard hotel bookings.
3. $250 restaurant credit: $20 per month, with an extra $10 in December. It is limited to “qualifying dining purchases at participating local restaurants.” They claim that more than 15,000 restaurants participate in the program. People living in large cities may find it easier to use, but having to remember to go out of your way each month to dine at a specific restaurant just to use the coupon can also take quite a bit of effort.
4. $250 DoorDash credit & DoorPass membership: Two $10 off coupons each month, with one additional coupon in January. The coupons require a minimum subtotal of $50, excluding fees and taxes. The value of these coupons is really limited to people who already order from DoorDash frequently.
5. $250 autonomous rides credit: $20 per month, with an extra $10 in December.
6. $200 wearable credit: (the list of merchants are not available yet)
7. $70 Oura membership
8. $365 Function Health membership
9. $199 Amazon One Medical membership

Disadvantages

1. $695 annual fee.
2. It seems there is no sign-up bonus.
3. It appears that you cannot hold both the Robinhood Gold Card and the Robinhood Platinum Card at the same time. Considering that the Robinhood Gold Card earns 3% cash back on all purchases with no annual fee, making it a very strong card, this restriction significantly increases the opportunity cost of holding the Robinhood Platinum Card.

Summary

In this era, almost every premium card has started copying AmEx and turning into a coupon book, which makes analyzing them quite exhausting. Among these credits, only the $300 travel credit can reasonably be valued at face value. The hotel credit might realistically be counted as $100 × 2 if you can manage to use the standard hotel portion, and the restaurant credit might be usable for people living in large cities. The rest are basically equivalent to paying the annual fee just to buy coupons, which is not really worth it.

Historical Offers Chart

This card is not available yet.

Application Link

• Not available yet. You can use this link to join the waitlist: Robinhood Platinum Card

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