Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
@@ArabellaBeatrice-099 I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@Elliot-Ivan VICTORIA CARMEN SANTAELLA is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment
@@leoma-l7r Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
John, I have Robinhood gold already. They match 3% on my Roth IRA. Basically getting $160 for free every year. Where else would do this for free? I don't necessarily have loyalty with Robinhood, but it is really nice.
No where else including Robin hood does it for free. You paid $50 a year for your Robin hood gold and you had to move your roth Ira to robinhood. Anyone who is contributing to an employer 401k , keeping their Ira elsewhere, using a traditional Ira because of their tax bracket, or doesn't excess income to max out a roth Ira yet, get no value out of the roth match to say nothing of the fact that the match is not tied to the card and even if you are already a robinhood gold user, any other card with a SUB is going to blow the cash back out of the water in the first year.
Didn’t know the video was gonna get that heated but there is actually someone who can take advantage of this card. This is someone who has subscribed to robinhood gold to take advantage of their 3% Roth IRA match ($210) which is extra money added to the current 7k max. Only then will this card make sense to enjoy the extra 3% everyday cash-back.
The $5 sub is worth it for the credit card and 3% IRA match alone. It pays for itself and more with a 3% ira match. Its a free $210 a year into your IRA that no other company offers. Subtract your subscription from that and its still way better than any card.
And the High Yield Savings of 5.25%. With the IRA and the HYS, the $5 a month is easily paid off within the first month for me. I will likely use my Bilt card for rent only then this card will be my everyday card.
Between the card, the 3% IRA match and the 1% invest account deposit match; the subscription pays for itself. As long as you park your money into anything but meme stocks there and don’t take huge risks, your money is fairly safe.
Prey on what? Robinhood is evil because they allow degenerate idiots to trade options on their platform which typically ends in the user losing money? Who would’ve thought making very risky trades would go bad? I will not defend RH on the GameStop crap because that was crap. They pioneered the no commission trades, have a great, user friendly app, 3% IRA match, and now a 3% credit card. If you’re in their ecosystem in all sectors of their business, you are likely very happy with what you get in return. John hates RH because he thinks they take advantage of their customers but will not hold their customers accountable for making stupid trades. He says they aren’t for the little guy when they’re the only ones offering matches, etc. Lmao.
@@kevinlin1529 John deleted my prior comment because I hold the idiots who trade options on RH accountable for their choices instead of just blaming robinhood lmao
I am already a Robinhood gold user. I do not trade but do SIP style investing. I keep more than $3K uninvested cash in the Robinhood account. I am also a high spender due to family needs but pay off all my card stmts in full every month. I do not have any cash back cards. All are points based. So, I decided to go for this card.
I have the crappy cap one quicksilver with the 1.5 back and I think it's better than the robin hood card because we're you can really get the most cash back is using the shopping deals where you get discounts and extra cash back on top of the 1.5.
Thanks for looking out for those of us in the credit card community, I've never seen you angry and definitely can feel your passion and care for people to not be taken advantage of. This is a consumer service video right here. Props!
So much respect for ya John! I thought we were going to segment the "should you get this card?" into RH users and other... but that $40 card replacement fee is AWEFUL. I think you could have made a bit more of of hook with that... b/c that is the biggest eye-opener of your video for me (secret annual fee being #2... but I expected that knowing about RH).
Appreciate the feedback Nick! And agree I should have brought that further up for sure. A replacement card fee is literally someone we see with the shady banks going after the sub-prime market. Crazy!
I understand you’re more of a credit card guy and not a general personal finance guy, but a little more clarity on the Robinhood Gold benefits would’ve been appreciated. The 3% IRA match along with other various other features drew me into becoming a Gold Member, and the CC is just the cherry on top that I view as having no AF.
I have around 3,000 in my robinhood account that is not into stocks and the $5 basically pays itself with its 5% interest, I'm surprised he didn't say anything about it. I'm guessing he does not use Robinhood gold
This is actually very spot on. The incentives are very good, especially if you're already a Gold member. The end game, however, is to get all of your money onto the platform and let its UI do the work.
I love the unbiased discussion of robinhood and their business practices. JFT coming in with a fire video and an incredibly informative breakdown as usual. Keep up the good work!
If you are already a Robinhood Gold subscriber, then the AF is zero. If you are not a RH customer and don't have RH Gold, then the RH Gold subscription would be the AF. It's all based on perspective.
lol, honestly they were my first ever brokerage platform. I still remember signing up for THAT waitlist in like 2013/2014. But since then a lot has changed about them and I've also learned a lot about investing in general. Can't say I'm a huge fan these days
Phenomenal video and breakdown John! And when I say phenomenal, I really MEAN it! I love the fact that we as the audience can see your actual personal stance on this card and RH as a whole versus other RUclipsrs who tend to take a very neutral & conservative stance on the matter. Love to see you spitting fire 🔥from the heart. Cheers mate!
Thank you for pointing out everything you did. I’ve seen several videos promoting this card and felt it was sus. Keep doing the great work, greatly appreciated!
First time seeing you mad but great content! Definitely missed the $40 for replacement card, 3% cash back that may not be honored later and etc. I am on the waitlist for the gold card, but I will always pay my statement balance every month. Hope to use the card to lower my overall credit utilization and maybe use the cash back. We will see. Thanks for the video!
I don't know this channel, but I think it's worth it. Most consumers spend $1000 / month on purchases. At 3% cash back on a yearly basis, that's $360. Take out $50 for Gold, that's $310. For competitors at 2%, you'll receive $240. Judging a company for it's desire to make profit and calling it 'diabolical'... well isn't that the ethos of ALL credit cards? APR is there for that reason alone - profit. Robinhood isn't alone in this. And for those saying R.H. will decrease the cash back percentage, simply cancel the card. It's a competitive market.
I’ve used robinhood gold for a year since it gives 5% apy back on cash held in your brokerage, letting 2k sit generates a little over 6 dollars a month so it pays for gold, so for me this card is pretty dope
Thanks John for the video regarding this, I was actually thinking of getting this card before your video, but with all your information I've decided not to, keep exposing these bad practices!
This is the best card for high spenders no matter all the other stuff. Also you can immediately transfer your cash into a 5% interest bearing savings account . You can also buy bonds if you choose. Robinhood has been great for me. All the hate in this video is hilarious. 3% for the win all day long.
I got into robihood as a new invester and finding this video really opened my head a little bit to it all thank you john. Prob a dumb qwestion. but what about cash app investing
I have the card as well. The metal feel of the card feels like you made it. You have a premium card. When I use it people give it a 2nd look as you can tell it's something special. When I applied they gave me a credit limit of 25k. The interest rates will be a killer so I pay my cards off monthly and only use them for the rewards. I have mine set up to do auto pay every week and to pay the full amount off. I already have robinhood gold as I have lots of UN-invested cash sitting in the account besides my investments. I saw the 40 dollar replacement fee for the card. They should give an option of a plastic card for free or a metal replacement for 40.
Great video. I’m really glad you went into the downsides and business practices. It could be the best card ever issued but I wouldn’t get it because of their GME shenanigans but a lot of people either never heard of that or can be lured in with “ooooo shiny” Keep being an awesome dude my dude 👍🏼
Robinhood is also offering 1% bonus on all money transferred and bonuses on money market rates. So it’s a no brainer if you have a decent amount of cash to move there.
To me the $50/yr fee is not really a fee. In order to get this credit card, u have to have gold membership which will give 5% interest. You only need to put a little bit over 1k in Robinhood account, you already get $50 back in interest. Regarding the CEO making the comment, i think all the credit card companies have the same idea. Thus, i think if u already have a robinhood account, it definitely worths it to get the card.
When the card was announced they were clear about the subscription and the ceo went as far as saying that it makes the most sense for people who fully utilize the robinhood gold subscription. My IRA match alone pays that off over and over again
American express platinum is $695 per year with no card replacement cost Robinhood is $60 per year for those gold subscription plus $40 if you ever lost your card. American express almost monthly cost is 1 year of robinhood gold. If you do the math. Even with those 5x flights and hotels those $69 annual fee is crazy.
The scenario you totally missed are people who are already Gold members. This would make this a no annual fee card. All the other 2% cards you reference charge foreign transaction fees.
Car Rental Insurance - Important - NO PRIMARY COVERAGE !!! ...it says in the definition of the coverage that you have to contact your insurance first and they take care of the deductible.
I do not see a problem with this card…3% CB is 3%….no issue with $40 replacement … that could happen once every 2 years after earning extra 1% or more on this card vs all others covers that …with ease ….
SoFi gives me 2.2% cash back, so since I don't already have Robinhood Gold, I'd need to spend at least $6,250 a year on this card to break even on the subscription fee. I'm considering it... not sure yet.
Iv already been paying for Robinhood gold. My dividends in Robinhood more than cover for gold. Plus the 3% I get I can transfer to Robinhood and get an extra 5% APY on that money
Didn’t know replacement fee. Not sure if you are on credit card subreddit but someone got their taxes purchase declined and a guy with 6k purchase at Costco.
How come they give you the card? I’ve applied at immediately after the initial announcement and I never got it. I’m under the impression that this is just a scam to drum up expectations and for people to buy Robin Hood gold until then. They terms and conditions clearly states that they can cap the rewards . and they can also possibly increase the gold subscription from fifty dollars to hundred dollars a month from next year. Having owned the card with 3% cashback, one would not hesitate much to keep paying higher price. These kind of subscriptions services or going to mess up.
I run most of my non-category spending through the AMEX blue Business preferred which with the Amex Schwab platinum gives me an effective 2.2%. I was thinking about getting this card for the additional 0.8% but I don’t think I want to give Robinhood the business.
I love tbis video and now a new subscriber. Yet... If I would have left the video from a distraction in the 1st 10 min I would have been misled to possibly get this card. Not hating and will watch, like, subscribe along with bell. Just saying good thing i didnt get distracted
When you offer something that no one else does, you don't have to offer a SUB. BILT is in this category, and Robinhood offering 3% cashback is also something no one else offers. Also, the card is announced but hasn't launched. I've been on the waitlist since day 1. Also, the AF is no different than the Amazon Prime card. And moreover it pays for itself without the card. Paying $60/year gets me $210/year in IRA matching and a 5% APY savings account. No hoops to jump through like Amex credits either. Deposit money into your IRA just like you normally do.
Those are benefits of your robhinhood BROKERAGE not benefits of the credit card being offered. The credit card itself doesn't match up against anything in year 1 because no SUB, its just a thing you might get because you were already in robinhood.
If you’re someone who is already investing at least $139 a month($1668/yr) into your IRA & you pay the $50 AF upfront, then yes having the card pays for itself because of the 3% match ($1668 x 0.03 = $50). This is completely separate from actually using the card. Therefore don’t get this card unless you are: 1. already maxing out any employer 401(k)/403b match(Free $) AND 2. can still afford to add money(@least $139/mo) to an outside IRA. Also, it should go without saying, but I’ll say it, NEVER carry a balance on a credit card. Carrying a balance almost always (except for promotional 0% offers) negates any benefits the card has to offer.
Already had robinhold gold for awhile, have enough cash in the sweep program to cover the monthly cost plus. So for me, it is a fee free card. I've put my other cards on the shelf, including my citi double cash back card.
![Tee Grizzley - Detroit (Feat. 42 Dugg) [Official Video]](http://i.ytimg.com/vi/aeKfTtt0x14/mqdefault.jpg)
“If you are going to get the Robinhood Gold Card, you cannot hold a balance”
If you are going to get ANY CREDIT CARD, you cannot hold a balance.
Dumbest take of the month
u missed the point in the video...
This is the first time I see him mad... I was about to think consider this card until I saw how bad the company was. Good content btw
it just means they didnt sponsor him yet like his favorite bilt lol. arent you familiar with this channel?
@@cryengine_x I am but what is wrong with bilt huh? He isn't lying when he is saying that is an amazing card, getting cash back on rent is amazing!
@@cryengine_x Bilt is a pretty damn good card if you’re renting. I’ve been using it over a year and zero regrets about making it my most used card.
I was wondering why you said this and now I see why. Damn, it pisses me off too.
@@cryengine_x I am familiar with his channel and I don’t get what is so bad about bilt, I doubt he would accept a sponsor from robinhood though
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.
@@ArabellaBeatrice-099 I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@leoma-l7r Mind if I ask you to recommend this particular coach you using their service?
@@Elliot-Ivan VICTORIA CARMEN SANTAELLA is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment
@@leoma-l7r Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
John, I have Robinhood gold already. They match 3% on my Roth IRA. Basically getting $160 for free every year. Where else would do this for free? I don't necessarily have loyalty with Robinhood, but it is really nice.
No where else including Robin hood does it for free. You paid $50 a year for your Robin hood gold and you had to move your roth Ira to robinhood. Anyone who is contributing to an employer 401k , keeping their Ira elsewhere, using a traditional Ira because of their tax bracket, or doesn't excess income to max out a roth Ira yet, get no value out of the roth match to say nothing of the fact that the match is not tied to the card and even if you are already a robinhood gold user, any other card with a SUB is going to blow the cash back out of the water in the first year.
If the limit is 7k this year for Roth IRA, do t you get 210 for free with the match?
Webull has enter the chat room
@@zxynj Yes but I just subtracted the $50 for the gold subscription
@@JqwsXD Got it. Thank you.
Didn’t know the video was gonna get that heated but there is actually someone who can take advantage of this card.
This is someone who has subscribed to robinhood gold to take advantage of their 3% Roth IRA match ($210) which is extra money added to the current 7k max. Only then will this card make sense to enjoy the extra 3% everyday cash-back.
The $5 sub is worth it for the credit card and 3% IRA match alone. It pays for itself and more with a 3% ira match. Its a free $210 a year into your IRA that no other company offers. Subtract your subscription from that and its still way better than any card.
This
And the High Yield Savings of 5.25%. With the IRA and the HYS, the $5 a month is easily paid off within the first month for me.
I will likely use my Bilt card for rent only then this card will be my everyday card.
Exactly
I make a 13.50% interest rate on my Roth IRA
@@SheekAlibabaHow?
Between the card, the 3% IRA match and the 1% invest account deposit match; the subscription pays for itself. As long as you park your money into anything but meme stocks there and don’t take huge risks, your money is fairly safe.
It is clear he is not interested in the truth or any value of the card. He has an agenda of some sort.
@@T.Webster777The value of the IRA match and the deposit match are completely separate from the card, that's part of Robinhood Gold
Huge shout out to you for calling them out on this. We can't keep letting companies prey on people with no push back💯
Prey on what? Robinhood is evil because they allow degenerate idiots to trade options on their platform which typically ends in the user losing money? Who would’ve thought making very risky trades would go bad?
I will not defend RH on the GameStop crap because that was crap.
They pioneered the no commission trades, have a great, user friendly app, 3% IRA match, and now a 3% credit card. If you’re in their ecosystem in all sectors of their business, you are likely very happy with what you get in return.
John hates RH because he thinks they take advantage of their customers but will not hold their customers accountable for making stupid trades. He says they aren’t for the little guy when they’re the only ones offering matches, etc. Lmao.
You mean like capital one not approving people with decent to good credit?
@@kevinlin1529 John deleted my prior comment because I hold the idiots who trade options on RH accountable for their choices instead of just blaming robinhood lmao
He was wrong and so are you for believing him so easily without fact checking
We all are consumers all these companies prey over people. That’s business
I am already a Robinhood gold user. I do not trade but do SIP style investing. I keep more than $3K uninvested cash in the Robinhood account. I am also a high spender due to family needs but pay off all my card stmts in full every month. I do not have any cash back cards. All are points based. So, I decided to go for this card.
Who here is planning on getting this card?
Me still on waiting list I’ve been on it for a few months
No friends invited 10 pp
Still in waitlist lol
Highly recommend it best CC experience I’ve ever had
I have the crappy cap one quicksilver with the 1.5 back and I think it's better than the robin hood card because we're you can really get the most cash back is using the shopping deals where you get discounts and extra cash back on top of the 1.5.
Right here. My last go to card reduced their cashback by 25% this month. The gold card has double the cashback that card has now.
Thanks for looking out for those of us in the credit card community, I've never seen you angry and definitely can feel your passion and care for people to not be taken advantage of. This is a consumer service video right here. Props!
So much respect for ya John! I thought we were going to segment the "should you get this card?" into RH users and other... but that $40 card replacement fee is AWEFUL. I think you could have made a bit more of of hook with that... b/c that is the biggest eye-opener of your video for me (secret annual fee being #2... but I expected that knowing about RH).
Appreciate the feedback Nick! And agree I should have brought that further up for sure. A replacement card fee is literally someone we see with the shady banks going after the sub-prime market. Crazy!
I understand you’re more of a credit card guy and not a general personal finance guy, but a little more clarity on the Robinhood Gold benefits would’ve been appreciated. The 3% IRA match along with other various other features drew me into becoming a Gold Member, and the CC is just the cherry on top that I view as having no AF.
I have around 3,000 in my robinhood account that is not into stocks and the $5 basically pays itself with its 5% interest, I'm surprised he didn't say anything about it. I'm guessing he does not use Robinhood gold
He was not interested in facts or truth; this was not a review, it was a hit piece.
Never thought I'd get goosebumps watching a credit card review. Well done, my friend!
This is actually the best review video of any credit card ever I've seen. Great information. Thanks
You just popped up on my timeline how refreshing!!
Talk about Integrity! SUBSCRIBED!
Thank you for all your tips and advice 💙
Thanks for the comment, and happy to help!
This is actually very spot on. The incentives are very good, especially if you're already a Gold member. The end game, however, is to get all of your money onto the platform and let its UI do the work.
I love the unbiased discussion of robinhood and their business practices. JFT coming in with a fire video and an incredibly informative breakdown as usual. Keep up the good work!
If it were unbiased you'd think he would at least cover what the $50-60 Robinhood gold subscription offers outside of just opening the card.
Where exactly was the unbiased part? This "review" was completely biased and factually wrong in almost every point.
I already have robinhood gold so its a no brainer for me to get it. Still on the waiting list but I cant wait!!
It’s a pretty awesome system they got highly recommend
Thanks for the valuable input.
The way this guy reviewed this card made me a huge fan of this channel. Not many people have the guts to say the truth.
This video was full of heavily uniformed information
How can I like this video more than once? Lol
If you are already a Robinhood Gold subscriber, then the AF is zero. If you are not a RH customer and don't have RH Gold, then the RH Gold subscription would be the AF. It's all based on perspective.
Didn't the original Robin Hood rob the rich and give to the poor and not the other way around.
the irony
He’s not a fan of Robinhood
lol, honestly they were my first ever brokerage platform. I still remember signing up for THAT waitlist in like 2013/2014. But since then a lot has changed about them and I've also learned a lot about investing in general. Can't say I'm a huge fan these days
Thanks for being honest, we appreciate it. Thats why we subscribed to you❤
A lot of great information, thanks for the info
I just posted on my shorts me getting mine in the mail. I have to say I was really hyped to get it 😎
Dont forget the 5 dollar fee to belong to gold would be worth it as you get level two market data included
Phenomenal video and breakdown John! And when I say phenomenal, I really MEAN it! I love the fact that we as the audience can see your actual personal stance on this card and RH as a whole versus other RUclipsrs who tend to take a very neutral & conservative stance on the matter. Love to see you spitting fire 🔥from the heart. Cheers mate!
Very insightful, just activated the card myself!
It is a good card
Thank you for pointing out everything you did. I’ve seen several videos promoting this card and felt it was sus. Keep doing the great work, greatly appreciated!
I just got this card. It is better than all the rest for my spending. Love the app as well.
One of the best card if not the best I have now
First time seeing you mad but great content! Definitely missed the $40 for replacement card, 3% cash back that may not be honored later and etc.
I am on the waitlist for the gold card, but I will always pay my statement balance every month.
Hope to use the card to lower my overall credit utilization and maybe use the cash back. We will see. Thanks for the video!
I appreciate the candor on this too
I don't know this channel, but I think it's worth it. Most consumers spend $1000 / month on purchases. At 3% cash back on a yearly basis, that's $360. Take out $50 for Gold, that's $310. For competitors at 2%, you'll receive $240. Judging a company for it's desire to make profit and calling it 'diabolical'... well isn't that the ethos of ALL credit cards? APR is there for that reason alone - profit. Robinhood isn't alone in this. And for those saying R.H. will decrease the cash back percentage, simply cancel the card. It's a competitive market.
Thank you so much for always bring so much adivice! Thanks for being clear. God bless you.
Great video!!! Thank you!
You only have to be a gold member if you want to apply right now. If you’re okay waiting until it’s publicly available, then no annual fee.
I’ve used robinhood gold for a year since it gives 5% apy back on cash held in your brokerage, letting 2k sit generates a little over 6 dollars a month so it pays for gold, so for me this card is pretty dope
I like that I can park my money in RH to earn 5% but get access to it with no penalties if I need it.
Thanks John for the video regarding this, I was actually thinking of getting this card before your video, but with all your information I've decided not to, keep exposing these bad practices!
Wait wtf? Why did they charge me $60 for the annual fee last month?
This is the best card for high spenders no matter all the other stuff. Also you can immediately transfer your cash into a 5% interest bearing savings account .
You can also buy bonds if you choose. Robinhood has been great for me. All the hate in this video is hilarious. 3% for the win all day long.
Just from Benefits point of view, How is Chase Sapphire preferred better than Robinhood card?
The AF is effectively 0 because gold gives you 1k in free margin worth at least $50 pre tax
This is why I follow this dude
John plays no games. If you didn’t know, now you know. Thank you!
Great video. Thank you for pointing out the fine print on this card. I still got it and I will put it to good use.
11:58 bit of a stretch
Robinhood. The same company that froze small customers money to help their big investors.
I got into robihood as a new invester and finding this video really opened my head a little bit to it all thank you john. Prob a dumb qwestion. but what about cash app investing
You need $1,500 in your robinhhood account for gold to pay itself with 5% interest, I think is less now
Good Stuff John!
Nobody calls the Amazon card annual fee for needing a membership or the Costco one
I have the card as well. The metal feel of the card feels like you made it. You have a premium card. When I use it people give it a 2nd look as you can tell it's something special. When I applied they gave me a credit limit of 25k. The interest rates will be a killer so I pay my cards off monthly and only use them for the rewards. I have mine set up to do auto pay every week and to pay the full amount off. I already have robinhood gold as I have lots of UN-invested cash sitting in the account besides my investments. I saw the 40 dollar replacement fee for the card. They should give an option of a plastic card for free or a metal replacement for 40.
50$ Gold membership also give you 5% APY on cash. So if you keep about 2500$ in Robinhood, the yeild will cover the fees
that he purposely didn’t mention it think
This vid earned you a sub.
Great content like always! What a way to call them out on their bs
Paypal does offer a 2% cashback, but if you use Paypal, they give you 3% and it's an free card
Great video. I’m really glad you went into the downsides and business practices. It could be the best card ever issued but I wouldn’t get it because of their GME shenanigans but a lot of people either never heard of that or can be lured in with “ooooo shiny”
Keep being an awesome dude my dude 👍🏼
Or people just use RH for normal investing and don’t trade meme stocks so that incident means nothing to them because they just buy VOO for $25 daily.
@@slicklizardchamp that they did what they did should give anyone pause regardless of the stocks they trade
Robinhood gold not only gives you 5% on the non invested money, also gives you 3% match on Roth IRA account
Robinhood is also offering 1% bonus on all money transferred and bonuses on money market rates. So it’s a no brainer if you have a decent amount of cash to move there.
Love this vid! Thank you! Just subscribed! ❤
I am a gold member to get the Roth IRA match 1% and yes the high yield helps negate the $50 so the gold card is an extra 3% for myself
Much awaited video 🎉
I love your honesty.
Fantastic video! I was actually considering getting into the robinhood ecosystem, thanks for opening my eyes, and many others’
never seen bro this heated, must be serious. great content!
Lesson learned, if it's too good to be true it probably is. Forget that card, I am sticking with my savor one. It's almost the same thing
To me the $50/yr fee is not really a fee. In order to get this credit card, u have to have gold membership which will give 5% interest. You only need to put a little bit over 1k in Robinhood account, you already get $50 back in interest. Regarding the CEO making the comment, i think all the credit card companies have the same idea. Thus, i think if u already have a robinhood account, it definitely worths it to get the card.
When the card was announced they were clear about the subscription and the ceo went as far as saying that it makes the most sense for people who fully utilize the robinhood gold subscription. My IRA match alone pays that off over and over again
American express platinum is $695 per year with no card replacement cost
Robinhood is $60 per year for those gold subscription plus $40 if you ever lost your card. American express almost monthly cost is 1 year of robinhood gold. If you do the math. Even with those 5x flights and hotels those $69 annual fee is crazy.
Lack of information. Robinhood Gold offers you more. Little bit disappointed for the lack of research.
Exactly....HE'S SO IGNORANT ABOUT IT.
You can hold a balance, but never carry one that's high because then that's why you end up in more debt. So how much was the interest on this card?
The scenario you totally missed are people who are already Gold members. This would make this a no annual fee card. All the other 2% cards you reference charge foreign transaction fees.
John is actually mad, this card is trash and not worth getting it.
All those hidden fees are sneaky and shady
Thank you for your great video .
Quick question what do you used for stock trading ? Obviously you don’t used Robinhood
Car Rental Insurance - Important - NO PRIMARY COVERAGE !!! ...it says in the definition of the coverage that you have to contact your insurance first and they take care of the deductible.
Thank you for the honest review! Their business structure reminds me of Acorns. Review them next.
love this video
I do not see a problem with this card…3% CB is 3%….no issue with $40 replacement … that could happen once every 2 years after earning extra 1% or more on this card vs all others covers that …with ease ….
SoFi gives me 2.2% cash back, so since I don't already have Robinhood Gold, I'd need to spend at least $6,250 a year on this card to break even on the subscription fee. I'm considering it... not sure yet.
Iv already been paying for Robinhood gold. My dividends in Robinhood more than cover for gold. Plus the 3% I get I can transfer to Robinhood and get an extra 5% APY on that money
Where the heck is my gold card I signed up when it was announced…
Didn’t know replacement fee. Not sure if you are on credit card subreddit but someone got their taxes purchase declined and a guy with 6k purchase at Costco.
Love your videos
I already paid the 50 annually fee will use it for a year if my spending it's less than 5k bye bye robinhood .😅🎉 ty for your info
Thx for video
thanks for the video, not all influencer goes against these companies.
Bro is in dad mode
Still waiting for mine :(
How come they give you the card? I’ve applied at immediately after the initial announcement and I never got it. I’m under the impression that this is just a scam to drum up expectations and for people to buy Robin Hood gold until then. They terms and conditions clearly states that they can cap the rewards . and they can also possibly increase the gold subscription from fifty dollars to hundred dollars a month from next year. Having owned the card with 3% cashback, one would not hesitate much to keep paying higher price. These kind of subscriptions services or going to mess up.
I run most of my non-category spending through the AMEX blue Business preferred which with the Amex Schwab platinum gives me an effective 2.2%. I was thinking about getting this card for the additional 0.8% but I don’t think I want to give Robinhood the business.
Great video and unbiased thank you
I love tbis video and now a new subscriber. Yet... If I would have left the video from a distraction in the 1st 10 min I would have been misled to possibly get this card. Not hating and will watch, like, subscribe along with bell. Just saying good thing i didnt get distracted
When you offer something that no one else does, you don't have to offer a SUB. BILT is in this category, and Robinhood offering 3% cashback is also something no one else offers.
Also, the card is announced but hasn't launched. I've been on the waitlist since day 1.
Also, the AF is no different than the Amazon Prime card. And moreover it pays for itself without the card. Paying $60/year gets me $210/year in IRA matching and a 5% APY savings account. No hoops to jump through like Amex credits either. Deposit money into your IRA just like you normally do.
I agree 100% with this. Robinhood gold pays for itself and you don't have to worry about stupid categories swapping and all that
Those are benefits of your robhinhood BROKERAGE not benefits of the credit card being offered. The credit card itself doesn't match up against anything in year 1 because no SUB, its just a thing you might get because you were already in robinhood.
If you’re someone who is already investing at least $139 a month($1668/yr) into your IRA & you pay the $50 AF upfront, then yes having the card pays for itself because of the 3% match ($1668 x 0.03 = $50). This is completely separate from actually using the card. Therefore don’t get this card unless you are: 1. already maxing out any employer 401(k)/403b match(Free $) AND 2. can still afford to add money(@least $139/mo) to an outside IRA. Also, it should go without saying, but I’ll say it, NEVER carry a balance on a credit card. Carrying a balance almost always (except for promotional 0% offers) negates any benefits the card has to offer.
I thought Schwab debit card was better for traveling foreign and domestically? BTW Robinhood margin rate is the lowest?
Already had robinhold gold for awhile, have enough cash in the sweep program to cover the monthly cost plus. So for me, it is a fee free card. I've put my other cards on the shelf, including my citi double cash back card.
$40 Replacement Card fee? 🤔 Junk fee for sure. I’m curious if this applies to lost cards only.
I hadn’t seen that one.