Robinhood’s new credit card goes after Apple Card with ability to invest cash-back perksEight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give Apple Card users envy.
Apple, for instance, offers 3% cash back on all purchases made at Apple, and on purchases made at select merchants when using the Apple Card with Apple Pay.
In general, purchases made on Apple Card with Apple Pay earn users 2% back.
It’s why we started Robinhood…” Robinhood co-founder and CEO Vlad Tenev said in a written statement.
“Today’s announcements…bring us one step closer to the goal of giving everyone better access to the financial system.”Robinhood Gold Card, explained:What are the requirements to apply for a Robinhood Gold Card?
Eight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give Apple Card users envy.
However, it will only be available for Robinhood Gold members, which costs $5 a month, or $50 annually.
Apple, for instance, offers 3% cash back on all purchases made at Apple, and on purchases made at select merchants when using the Apple Card with Apple Pay.
The new credit card is part of Robinhood’s evolving business model and offerings over the years.
Gold Membership, a requirement to get the Gold Card, increases the eligible match to up to 3% match.
The traditional role of the real estate agent has long been challenged as the internet has made it easier for people to search for, and tour, homes.
The buyers’ agent commission varies from transaction to transaction depending on what is offered by the seller.
In a scenario where the buyer’s agent commission is 3%, for example, the home buyer would receive up to 1.5% as a rebate and Prevu as a company would retain the other 1.5%.
Buyers receive the commission rebate via check after closing.
Making home buying “more attainable”So besides rebates, what is Prevu doing that’s different from its competitors?
Lolli, a bitcoin and cashback rewards application, has raised an $8 million Series B round, TechCrunch has exclusively learned.
Its rewards program awards its users with bitcoin or cashback when they shop online or in person at restaurants and stores.
The app gives up to 30% back on purchases, with an average of 7% back in bitcoin or cashback rewards.
Since its inception, Lolli has given over $10 million in bitcoin rewards, in addition to cashback rewards, Adelman said.
The company plans to use the momentum in the markets to “drive more revenue to partners and bring more major companies into offering bitcoin rewards,” Adelman said.
