Robinhood Gold Card: High Cash Back & No Categories Review

Here’s​ a ⁢breakdown ​of the key ⁢information from the provided text, focusing on⁣ the Robinhood Gold Card and its‍ competitors:

Robinhood Gold⁢ Card – Key Features:

* 3% ⁣Cash Back: Offers a⁢ flat 3% cash ⁤back on all purchases.
* No Foreign Transaction Fees: ⁤ A meaningful benefit for travelers and those making⁣ purchases abroad.
*⁤ Reward​ Redemption: Rewards can be used for​ travel, gas, Amazon purchases, or gift cards. To ⁣get cash ​back, you need a Robinhood⁣ brokerage account.

Comparison to Other Cards:

*⁣ Farmer’s Insurance ‌Federal Credit Union’s Crystal Visa: Offers 3% cash back, but has a $99 annual fee after the first year, a reduced rate‌ of 2.5% after⁢ year⁤ one, a $10,000 monthly spending ⁣cap, and requires credit union membership with a $5 deposit.
* Citi Double Cash & ‌Wells Fargo Active Cash: Both offer 2% cash back ⁣but charge a 3% foreign transaction fee.

Specific Use Case:

* The author highlights the benefit of using an ​authorized user card for a daughter studying in Canada, earning 3%⁤ cash back‌ with no⁣ foreign transaction fees on her purchases and tuition/housing costs.