"We built the Gold Card to be the best card for everyday spending, and customer demand showed us there was room to push the boundaries even further. The Platinum Card offers higher limits, elite rewards and luxury benefits, and raises the bar for what customers should expect from a premium credit card."
"Although you can request access, the new Platinum Card is invite only. Even if you do get access, be aware that Robinhood's Platinum Card will cost you $695 annually."
Robinhood introduced the Platinum Card, a premium credit card offering, two years after launching its Gold Card. The card is invite-only and carries a $695 annual fee. Deepak Rao, vice president of Robinhood Money, stated the card was developed to push boundaries beyond the Gold Card's everyday spending focus, providing higher limits, elite rewards, and luxury benefits. Coastal Community Bank serves as the issuing bank. The annual fee aligns with industry trends, as premium card issuers have increased fees; Chase Sapphire Reserve raised its fee to $795, while American Express Platinum charges $895 annually.
Read at Fast Company
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