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.
Clear offers a specific vision for how to-do lists should work and, as an indie app, it doesn’t have to deliver increasing returns on investment or answer to investors.
“It feels a little punk compared with the average app on the App Store,” notes Ryu about Clear’s lack of subscriptions.
But for most of that time, the app was just being updated on TestFlight, not on the public App Store.
The original team had kind of “burned out” on Clear, Ryu explains, after being overloaded with projects like porting Clear to Mac or adding iCloud Sync.
You can also drag and drop items between lists, swipe to schedule reminders, screenshot to share lists, and swipe to archive lists.
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