Robinhood Platinum Card is a premium credit card from an American financial technology company. Robinhood launched the Platinum Card after successfully selling the Gold credit card to one million users.
While there are multiple companies offering premium platinum credit cards, it is overwhelming to find out which card is best for you.
According to the Robinhood company, the Platinum credit card offers more value than its competitors. It not only offers perks like travel and lifestyle but also offers health and financial features.
The availability of finance and healthcare features makes Robinhood Platinum Card different than other platinum credit cards.
Here is everything about Robinhood Platinum Card.
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| Robinhood Platinum Card Offers $3,000 in Value: RavStation |
Robinhood Platinum Card:
Robinhood Platinum Card is an invite only credit card. It means that you need to enroll on the waitlist to receive the invite.
The Robinhood Platinum Card costs $695 annually.
It offers 10% cashback on rental cars and hotels. You also get 5% cashback on flights and dining. 1% cashback is applicable on all purchases. This all comes when you make payments through Robinhood Travel.
Benefits that the Robinhood Platinum Card offers:
- $300 on flight credit
- $700 in hotel credit
- $469 for Airport Lounge Access
- $120 in Global Entry/TSA PreCheck
- $250 in Waymo Credit
- $250 in restaurant credit
- $240 in DoorDash credit
- $365 in Function Health Membership
- $239 in WHOOP Peak Membership
- $199 for Amazon One Medical Membership
Other than these, it also offers you benefits from a Robinhood Gold membership credit card for free.
These benefits include:
- High brokerage cash
- 3% on IRA Contributions
- Instant trading deposit up to 3x your portfolio value
- Lower fees on investment services and products
Robinhood Platinum Card Benefits Over Its Competitors:
While most of the platinum credit cards offer similar benefits, the only reason one may choose Robinhood Platinum Card is to get additional health and financial benefits.
It includes airport lounge access, hotel credits, DoorDash DashPass membership, and more.
Healthcare Benefits:
The Robinhood Platinum Card offers a Function Health membership worth $365. This membership allows you to take 160 lab tests every 6 months. You also get a $200 credit on MRIs annually and a discount on additional tests.
It also offers a personalized action plan without insurance.
The Robinhood Platinum Card also offers Amazon One Medical membership. It offers a $199 worth of Prime Membership. You get on-demand virtual care. You can consult with doctors via text or video chat. You do not pay anything for these services. Doctors can offer diagnoses, tests, and prescriptions.
The only thing it lacks is an in-person visit. You also get an annual health wearables statement credit of up to $270. It covers the Apple Watch, Whoop, Fitbit, Oura Ring, Pixel Watch, and other wearables.
Lifestyle Benefits:
You get annual dining credit worth $250 with the Robinhood Platinum Card. You can visit more than 15000 restaurants. You get $20 monthly credit and $10 extra in December.
You also get a DoorDash DashPass membership with a $250 annual credit. $10 each month and $10 extra in January. You need to place a minimum order worth $50 to avail of credit benefits.
It also offers $250 in annual credits for autonomous rides. It will help you save time during travel.
Travel Benefits:
The Robinhood Platinum card offers travel benefits. It offers $300 in flexible travel credit. But you can only enjoy $150 credit every six months. You can use it to pay for flights, ride sharing, travel purchases, and hotels.
You also get $500 in annual hotel credits. You can enjoy $250 every six months. You can only get credit if you make travel bookings through Robinhood’s travel platform.
Robinhood Gold:
Robinhood Gold membership costs $5/month. You get its benefits with the Robinhood Platinum card without paying anything extra. A 3% IRA match is the reason why many choose to go for the Robinhood Platinum card.
| Feature | Robinhood Platinum Card | Amex Platinum Card | Chase Sapphire Reserve | Capital One Venture X |
|---|---|---|---|---|
| Annual Fee | $695 | $895 | $795 | $395 |
| Airport Lounge Access | Lounge access included | Best-in-class lounge network | Lounge access included | Priority Pass lounge access |
| Travel Credit | $300 annual travel credit | Airline fee credit | $300 annual travel credit | $300 annual travel credit |
| Global Entry / TSA PreCheck Credit | Included | Included | Included | Included |
| Hotel Benefits | Not highlighted | Fine Hotels + Resorts®, The Hotel Collection | Hotel benefits included | Limited hotel benefits |
| Transfer Partners | Not mentioned | Membership Rewards transfer partners | Ultimate Rewards transfer partners | Capital One transfer partners |
| Rewards | Elevated rewards through Robinhood Travel | Strong airline rewards | Strong travel & dining rewards | Elevated rewards through Capital One Travel |
| Wellness Credits | Wellness membership credits | Not available | Not available | Not available |
| Wearable Credit | Flexible wearable credit | Oura Ring credit only | Not available | Not available |
| Anniversary Bonus | None | None | None | 10,000 anniversary miles ($100 travel value) |
| Travel Protections | Not highlighted | Strong | Excellent | Good |
| Best For | Wellness & lifestyle benefits | Luxury travel and premium lounge access | Frequent travelers seeking flexible rewards | Travelers wanting premium benefits at a lower annual fee |
| Overall Verdict | Excellent complement for wellness-focused users. | Best choice for luxury travel and premium perks. | Better overall value with travel credits and protections. | Best value thanks to its lower fee and anniversary miles. |
Why You Should Not Choose the Robinhood Platinum Card:
The Robinhood Platinum Card range does not offer the benefits of the Capital One Venture X card, the Amex Platinum card, and the Chase Sapphire Reserve card.
The biggest reason is lack of travel protection and transferable rewards.
Conclusion:
If you are interested in credit cards with benefits of healthcare and finance, then you should choose the Robinhood Platinum Card waitlist. Once you get an invitation, you will be able to enjoy the benefits of Robinhood Gold’s IRA match, Amazon One Medical, wearable credit, and Function Health.
Yet, it lacks the features of transferable credits and travel protection.
It costs $695 annually and offers benefits worth $3000 each year.
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