On March 4, Robinhood introduced the launch of a brand new premium bank card with a $695 annual price. The Robinhood Platinum Card positions itself to compete with established luxurious playing cards just like the American Specific Platinum Card® (see charges and charges), which carries an $895 annual price.
That is the corporate’s second bank card launch, following the March 2024 announcement of the no-annual-fee Robinhood Gold Card. Within the press launch, Deepak Rao, GM and VP of Robinhood Cash, stated that the Robinhood Platinum Card “raises the bar for what prospects ought to count on from a premium bank card.”
In accordance with Robinhood, its Platinum Card gives over $3,000 in worth, although a few of the card’s assertion credit are a bit extra area of interest and will not enchantment to each cardholder. It does embrace acquainted journey perks like World Entry or TSA PreCheck credit and Precedence Cross lounge entry, although it lacks entry to proprietary lounge networks, like these supplied by American Specific.
The Robinhood Platinum card is at the moment invite-only, however you’ll be able to request entry on Robinhood’s web site utilizing your e-mail handle. Earlier than you accomplish that, although, CNBC Choose takes a take a look at how Robinhood’s latest premium bank card stacks up in opposition to the Amex Platinum.
Robinhood Platinum Card vs. Amex Platinum
The Robinhood Platinum card gives over $3,00 in worth annually, however may solely enchantment to very devoted Robinhood customers.
- Excessive cash-back price on eating purchases
- Many beneficial statements credit
- No international transaction charges
- Restricted rewards classes
- No welcome bonus
- Slim lounge entry
The American Specific Platinum Card® is a premium card loaded with annual assertion credit, leisure advantages, intensive airport lounge entry, elite standing perks and extra. (Enrollment required for choose advantages talked about)
- Entry to 1,550+ airport lounges, together with Precedence Cross™ Choose lounges (enrollment required) and Amex Centurion lounges
- Assertion credit score gives value as much as twice what the annual price prices
- Elite standing perks for inns and rental vehicles (Enrollment required for choose advantages talked about)
- Excessive annual price
- Many assertion credit score gives are difficult and are earned in increments or restricted to particular purchases
Highlights
Highlights proven listed below are supplied by the issuer and haven’t been reviewed by CNBC Choose’s editorial workers.
- You might be eligible for as excessive as 175,000 Membership Rewards® factors after you spend $12,000 in eligible purchases in your new Card in your first 6 months of Card Membership. Welcome gives differ and also you might not be eligible for a proposal. Apply to know in case you’re accredited and discover out your precise welcome supply quantity – all with no credit score rating affect. When you’re accredited and select to simply accept the Card, your rating could also be impacted.
- Get extra to your travels with 5X Membership Rewards® factors on all flights and pay as you go resort bookings by means of American Specific Journey®, together with High-quality Lodges + Resorts® and The Resort Assortment bookings. You earn 5X factors on flights bought straight from airways or by means of American Specific Journey® on as much as $500,000 on these purchases per calendar yr.
- With over 1,550 airport lounges – greater than another bank card firm in the marketplace* – take pleasure in the advantages of the World Lounge Assortment®, over $850 of annual worth, with entry to Centurion Lounges, 10 complimentary Delta Sky Membership® visits when flying on an eligible Delta flight (topic to go to limitations), Precedence Cross Choose membership (enrollment required), and different choose associate lounges.* As of 07/2025.
- $200 Uber Money + $120 Uber One Credit score: With the Platinum Card® you’ll be able to obtain $15 in Uber Money every month plus a bonus $20 in December once you add your Platinum Card® to your Uber account to make use of on rides and orders in the uswhen you choose an Amex Card to your transaction. Plus, once you use the Platinum Card® to pay for an auto-renewing Uber One membership, you’ll be able to rise up to $120 in assertion credit every calendar yr. Phrases apply.
- $300 Digital Leisure Credit score: Expertise the newest reveals, information and recipes. Stand up to $25 in assertion credit every month once you use your Platinum Card® for eligible purchases on Disney+, a Disney+ bundle, ESPN streaming companies, Hulu, The New York Instances, Paramount+, Peacock, The Wall Road Journal, YouTube Premium, and YouTube TV once you buy straight from a number of of the suppliers. Enrollment required.
- $600 Resort Credit score: Stand up to $300 in assertion credit semi-annually on pay as you go High-quality Lodges + Resorts® or The Resort Assortment* bookings by means of American Specific Journey® utilizing the Platinum Card®. *The Resort Assortment requires a minimal two-night keep.
- $400 Resy Credit score + Platinum Nights by Resy: Stand up to $100 in assertion credit every quarter once you use the Platinum Card® to make eligible purchases with Resy, together with eating purchases at U.S. Resy eating places. Enrollment required. Plus, with Platinum Nights by Resy, you will get particular entry to reservations on choose nights at collaborating in demand Resy eating places with the Platinum Card®. Merely add your eligible Card to your Resy profile to ebook and uncover Platinum Nights reservations close to you.
- $209 CLEAR+ Credit score: CLEAR+ helps get you to your gate sooner through the use of your face to confirm you might be you at 55+ airports nationwide. You’ll be able to cowl the price of a CLEAR+ Membership* with as much as $209 in assertion credit per calendar yr after you pay for CLEAR+ together with your Platinum Card®. *Excluding any relevant taxes and charges. Topic to auto-renewal.
- $200 Airline Price Credit score: Choose one qualifying airline after which obtain as much as $200 in assertion credit per calendar yr when incidental charges, comparable to checked baggage and in-flight refreshments, are charged by the airline to the Platinum Card® Account. American Specific depends on airways to submit the proper info on airline transactions to determine incidental price purchases. If you don’t see a credit score for a qualifying incidental buy in your eligible Card after 8 weeks, merely name the quantity on the again of your Card. Qualifying airways are topic to alter. See phrases & situations for extra particulars.
- Begin your trip sooner, and preserve it going longer. Whenever you ebook High-quality Lodges + Resorts® by means of American Specific Journey®, take pleasure in midday check-in, when obtainable, and assured 4PM check-out.
- $300 lululemon Credit score: Take pleasure in as much as $75 in assertion credit every quarter once you use the Platinum Card® for eligible purchases at U.S. lululemon retail shops (excluding shops) and lululemon.com. That is as much as $300 in assertion credit every calendar yr. Enrollment required.
- $155 Walmart+ Credit score: Obtain a press release credit score* for one month-to-month Walmart+ membership (topic to auto-renewal) after you pay for Walmart+ every month with the Platinum Card®.* As much as $12.95 plus relevant native gross sales tax. Plus Ups not eligible.
- Everytime you want us, we’re right here. Our Member Providers workforce will guarantee you might be taken care of. From misplaced Card substitute to assertion questions, we can be found to assist 24/7.
- $895 annual price.
- Phrases Apply.
- See Charges & Charges
Steadiness switch price
Overseas transaction price
Welcome supply
The Robinhood Platinum Card does not at the moment supply a welcome bonus, although you may discover one on the higher-fee Amex Platinum: New card members can earn as many as 175,000 Membership Rewards® factors after spending $12,000 in eligible purchases on their new Card within the first six months of Card Membership.
The Robinhood Platinum Card doesn’t supply a welcome bonus of any variety, which is just a little disappointing. Then again, the Amex Platinum’s 175,000-point welcome bonus is value at the very least $1,750 towards journey redemptions.
Rewards and redemption choices
Some of the notable variations between these two playing cards is the rewards they earn. The Robinhood Platinum Card earns money again, whereas the Amex Platinum earns Membership Rewards® factors, that are considerably extra versatile.
Each playing cards earn rewards on journey, although their rewards constructions differ. The Robinhood Platinum Card earns:
- 10% money again on inns booked by means of the Robinhood Journey Portal
- 10% money again on rental vehicles booked by means of the Robinhood Journey Portal
- 5% money again on flights booked by means of the Robinhood Journey Portal
- 5% money again on eating, on as much as $50,000 spent yearly (then 1% again)
- 1% money again on all different purchases
The Amex Platinum earns:
- 5X factors on flights booked straight with airways or by means of American Specific Journey® (on as much as $500,000 in purchases per calendar yr, then 1X factors)
- 5X factors on pay as you go inns booked by means of American Specific Journey®
- 1X factors on all different eligible purchases
What actually stands out in regards to the Robinhood Platinum Card is its 5% money again price on eating. It is a very robust earnings price, even contemplating the $50,000 cap. The place the cardboard falters a bit is on flights; it solely earns 5% money again on flights booked by means of the Robinhood portal, whereas the Amex Platinum earns the identical price on each flights booked by means of its portal and straight with the provider.
To redeem rewards earned with the Robinhood Platinum Card, you need to have a Robinhood Monetary brokerage account. For present Robinhood customers, it will enhance the cash you might have in your account for funding alternatives. Money again may also be used for journey bookings made by means of the Robinhood Journey Portal and purchases with choose on-line retailers.
With the American Specific Platinum, rewards redemptions are significantly extra versatile. You’ll be able to redeem Membership Rewards® factors for present playing cards or assertion credit, use Pay with Factors at checkout for varied websites (together with Amazon), ebook journey by means of American Specific Journey® or switch factors to one in all Amex’s 17 airline companions or three resort companions for probably better worth. (Be aware, Robinhood does not supply journey switch companions.)
Assertion credit and advantages
Credit
The Robinhood Platinum Card follows within the footsteps of different premium playing cards, carrying a major quantity of worth by means of “coupon ebook” fashion assertion credit:
- $250 Annual Eating Assertion Credit
- $250 Annual DoorDash Credit
- $200 Well being Wearables Assertion Credit score
- $300 Annual Journey Assertion Credit score
- $500 Resort Reserving Credit by way of Robinhood Journey Portal
- $250 Autonomous Rides Assertion Credit score
- As much as $120 World Entry/TSA PreCheck Credit score
Many of those credit, together with autonomous rides, DoorDash and eating credit, are cut up into month-to-month redemptions, which means you need to observe and use them extra steadily. Some credit could really feel much less related to a broad viewers, comparable to well being wearables or the autonomous rides credit score, which isn’t broadly obtainable outdoors main cities.
The American Specific Platinum Card added a variety of new assertion credit throughout its 2025 card overhaul, and several other broadly overlap with credit supplied by the Robinhood Platinum. We have included these under:
- As much as $600 resort credit score: As much as $300 in assertion credit biannually for eligible Amex High-quality Lodges & Resorts bookings or pay as you go bookings with The Resort Assortment. (The Resort Assortment requires a minimal two-night keep.)
- As much as $400 in Resy Credit score: As much as $100 in assertion credit per quarter when utilizing your card on eligible Resy purchases.*
- As much as $200 in Uber Money: $15 per thirty days ($35 in December) deposited into your Uber Pockets after including your card to your Uber account. Use your Uber Money on rides and orders within the U.S. when you choose an Amex Card to your transaction (phrases apply).*
- As much as $120 Uber One credit score: As much as $120 in assertion credit every calendar yr for an auto-renewing Uber One membership (phrases apply).*
- As much as $200 in airline price credit: As much as $200 again per calendar yr for incidental charges charged by your chosen qualifying airline (qualifying airways are topic to alter). See phrases and situations for extra particulars.
- $200 Oura ring credit score: $200 in assertion credit once you buy an Oura Ring at Ouraring.com.*
- $120 TSA PreCheck or World Entry credit score: Obtain both a press release credit score for a World Entry ($120 each 4 years) or a TSA PreCheck software price (as much as $85 each 4.5 years, by means of a TSA official enrollment supplier) for expedited airport safety and expedited U.S. customs screening when charged to your Platinum Card®.*
*enrollment required
These are only a few of the Amex Platinum’s assertion credit score advantages. General, the Amex Platinum gives $100 extra in resort credit and as much as $320 in Uber-related assertion credit — which can be extra sensible than Robinhood’s autonomous journey credit, in case you use them for rideshare.
The Amex Platinum’s $400 Resy credit score can also be larger than the Robinhood’s $250 annual eating credit score. Though the credit score is proscribed to Resy eating places, that is roughly 25,000 bookable eating places globally. The Robinhood card’s credit score applies to “greater than 15,000 native eating places.”
On the flip facet, the Amex Platinum’s $200 Oura credit score may very well be extra restrictive than the Robinhood Platinum’s basic $200 credit score for well being wearables. As you’ll be able to see, there is a respectable quantity of small tradeoffs back-and-forth between these two playing cards, so double-check which advantages finest overlap together with your spending.
Lounge entry
In the case of airport lounge entry, the Robinhood Platinum gives (pretty normal) Precedence Cross entry. Precedence Cross membership contains entry to over 1,800 airport lounges globally.
In the meantime, the Amex Platinum will get you entry into Precedence Cross airport lounges (enrollment required), American Specific Centurion Lounges, Plaza Premium Lounges, Escape Lounges, Lufthansa Lounges and Delta Sky Golf equipment when flying an eligible same-day Delta flight.
Insurance coverage
The Robinhood Platinum gives journey insurance coverage protection supplied by means of Visa Infinite, together with (however not restricted to):
- Journey Cancellation
- Journey Delay
- Baggage Delay
- Baggage Loss
- Missed Connection
- Auto Rental Insurance coverage
The American Specific Platinum additionally gives intensive journey protections — together with journey cancellation and interruption insurance coverage, journey delay insurance coverage and baggage insurance coverage and first auto rental protection — usually with larger limits than the Robinhood Platinum. For instance, Robinhood’s Journey Cancellation protection tops out at $2,000 per insured individual, whereas the Amex Platinum can cowl as much as $10,000 per journey.
Further advantages
On prime of the assertion credit and different perks, the Robinhood Platinum comes with these further methods to get worth:
- DashPass Membership
- Operate Well being Membership
- Amazon One Medical Membership
- Oura Membership
- Annual Robinhood Gold Membership
The Robinhood Platinum gives extra health-related assertion credit than different premium playing cards, and it contains subscriptions to each Operate Well being and Amazon One Medical. Operate Well being focuses on extra superior lab testing and customized well being protocols, whereas Amazon One gives 24/7 on-demand digital care and same- or next-day appointment reserving in lots of U.S. cities.
The Robinhood Gold membership you obtain comes with a handful of perks, together with a 3.35% APY on eligible brokerage money, entry to greater prompt deposits, discounted index choices buying and selling charges and extra.
One space the place the Amex Platinum has a transparent benefit is elite standing. The Amex Platinum Card gives a myriad of complimentary resort and rental automobile elite statuses after you enroll, together with Marriott Bonvoy Gold, Hilton Honors Gold, Leaders Membership Sterling, Hertz President’s Circle, AVIS Most popular and Nationwide Emerald Membership Government standing.
Winner: Amex Platinum, because it gives a extra sturdy assortment of journey perks, superior lounge entry and (doubtless) extra impactful assertion credit.
Annual charges
Each playing cards carry pretty excessive annual charges. The Robinhood Platinum Card prices $695, and the American Specific Platinum prices $895 (see charges and charges). Neither card prices international transaction charges.
With the Robinhood Platinum, you’ll be able to add approved customers at no further price, whereas further Amex Platinum playing cards have an annual price of $195. It is value noting that a few of the Robinhood Platinum advantages won’t be obtainable to approved customers except they pay a $395 annual price. These advantages embrace: Operate Well being annual membership, Amazon One Medical annual membership, Oura membership, Precedence Cross Choose membership and World Entry/TSA PreCheck reimbursement.
When you do must pay proper off the bat for a further Amex card, it robotically extends key perks to approved customers, like World Entry or TSA PreCheck® price credit, lounge entry and resort and rental automobile elite standing.
General, the Robinhood Platinum has a decrease annual price and free approved customers, whereas the Amex Platinum gives broader approved person advantages at a smaller further price.
Winner: Tie. Which is best depends upon whether or not you prioritize minimizing charges or maximizing approved customers’ entry to advantages.
Which card do you have to get?
Each of those premium playing cards ship hundreds of {dollars} in annual worth. Nonetheless, the Robinhood Platinum Card could also be extra worthwhile for present Robinhood customers, whereas the Amex Platinum gives a broader vary of perks.
Go for the Robinhood Platinum if you need:
- A complimentary Robinhood Gold membership + money again: Those that are already lively of their investing with Robinhood can obtain a complimentary membership and earn money again that may be straight invested.
- Extra health-focused assertion credit: With each a Operate Well being and Amazon One Medical membership, plus credit for well being wearables, this card has a stronger deal with bodily enchancment.
- $0 approved person price: When you’re not eager about your approved person getting access to extra premium perks, this card will not cost for additional customers.
- You do not thoughts ready: The Robinhood Platinum is at the moment invite-only (with the choice to request entry), so approval could take a while.
Go for the Amex Platinum if you need:
- A welcome bonus: Whereas the welcome bonus varies, you might earn as excessive as 175,000 Membership Rewards® factors after spending $12,000 in eligible purchases in your new Card within the first six months of Card Membership. That is $1,750 in worth towards journey.
- Versatile journey factors/entry to switch companions: As an alternative of incomes easy money again, this card earns factors that may be transferred to one in all Amex’s 20 totally different journey companions for much more worth.
- Bigger airport lounge community: The Amex Platinum supplies entry to a greater variety of airport lounges, together with premium Centurion Lounges.
- Complimentary elite journey standing: The cardboard gives complimentary elite standing with well-known manufacturers like Marriott, Hilton and Hertz, which offer better perks and advantages.
For the overall inhabitants, in case you’re eager about a premium journey bank card, you may doubtless discover higher worth within the American Specific Platinum Card. It gives a wider vary of perks, extra versatile (and beneficial) rewards and broader airport lounge entry.
FAQs
Is the Robinhood Platinum Card value it?
The Robinhood Platinum Card may very well be value it for these invested within the Robinhood ecosystem. However with its excessive annual price and restricted rewards worth, different choices are doubtless value contemplating.
Is it good to take a position with Robinhood?
Investing with Robinhood may very well be good relying in your present wants. Robinhood gives an easy-to-use cellular app with quick buying and selling, together with fractional shares and crypto, but it surely may not be the most suitable choice for long-term traders on the lookout for extra info and steering.
How a lot does the Robinhood bank card price?
It depends upon which Robinhood bank card you are on the lookout for. The Robinhood Gold Card has no annual price however requires an lively Robinhood Gold subscription, which prices $5 per thirty days or $50 per yr. The Robinhood Platinum Card has an annual price of $695.
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