As of April 2026, the Robinhood Platinum card is not widely available for direct application. To be considered for access, individuals can provide their email address on the card’s website to request an invitation.
Unlike the Chase Sapphire Reserve®, the Robinhood Platinum does not feature a welcome offer.
2. Reward rates favor heavy travel spenders
The Robinhood Platinum card offers reward rates ranging from 5x to 10x points, depending on the category. Notably, the highest rates are reserved for travel bookings made through Robinhood’s travel portal. If you prefer flexibility in your booking platform, you may lose out on significant value with this card. The reward structure includes:
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10x points on hotels and rental cars booked through the Robinhood Travel Portal.
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5x points on dining, up to $50,000 in annual spending. Beyond that threshold, the card earns 1x points.
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5x points on flights booked through the Robinhood Travel Portal.
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1x points on all other purchases.
Points can be redeemed for various options, including deposits into a Robinhood brokerage account, gift cards, travel, statement credits, and more. The point value varies based on the redemption method, but typically equates to one cent per point when redeemed for cash back into a Robinhood brokerage account.
3. Fees are a tale of two extremes
4. Credits can offset the annual fee — but read the fine print
The Robinhood Platinum card offers various credits that can more than compensate for its annual fee. However, it’s crucial to understand the terms and conditions of each credit to maximize their utility. Failure to do so could result in missing out on substantial value.
For example, the card provides an annual $500 travel credit, distributed biannually in $250 increments, with the full credit applicable only to luxury hotel bookings through Robinhood’s travel portal. A maximum of $100 of the credit can be used for standard hotel bookings, and a minimum two-night stay is required.
Many of the card’s credits come with intricate details:
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$250 DoorDash credits (three $10 discounts in January and two $10 discounts every other month). Discounts apply to DoorDash orders of $50 or more.
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$250 annual dining credit ($20 credit every month and $30 in December). Credits are valid at participating restaurants.
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$300 annual travel credit ($150 every six months). Eligible travel purchases include rideshare, hotel charges, and flights.
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$250 annual autonomous rides credit on autonomous rides ($20 credit every month and $30 in December). Autonomous rides refer to driverless vehicle services like Waymo.
The remaining benefits of the Robinhood Platinum card are more straightforward and user-friendly.
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Annual Robinhood Gold membership.
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Annual Function Health membership. (Residents of Hawaii and Rhode Island are not eligible.)
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Annual Amazon One Medical membership.
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DashPass membership.
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Up to a $200 annual credit toward qualifying wearables.
5. It’s got a luxury feel to match its premium price
Living up to its name, the Robinhood Platinum card features a platinum-plated design and offers credit limits up to five times higher than those of the Robinhood Gold card.
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