Robinhood Cash Card (Debit Card) Full Review (2024)

Robinhood recently released their updated debit card for 2024, known as the cash card. In this video I give an honest review of the new debit card and compare it to Robinhood's old Cash Management debit card. We go over a full review and all the pros and cons in this video.
This video talks about the newly updated debit card from Robinhood. This is Robinhood's 3rd attempt at a debit card a few years now. The new cash card's biggest new features compared to the old cash management card is; earn stock and crypto rewards with "round-ups", everyday savings, and paid two days early with direct deposit. With the new improvements, will I keep the updated cash card/debit card in my wallet or are there better debit cards currently on the market such as the acorns debit card, PayPal debit card, Yotta bank debit card, Cash app debit card, Venmo debit card, etc.
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Robinhood Cash Management Card Review - • Robinhood Cash Managem...
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Timestamps
0:00 - Intro for Robinhood's Cash Card
0:42 - Basic benefits to the new Robinhood Cash Card
2:30 - (4) Completely new benefits of Robinhood's Cash Card
4:58 - Who’s the new Robinhood Cash Card/debit card good for?
5:19 - Final thoughts on Robinhood's new Cash Debit Card
5:46 - Outro for Robinhood's Cash Card
#robinhood #robinhoodportfolio #PersonalFinance #FinancialApp #InvestingApps #robinhoodapp
With Robinhood's new features to their 3rd debit card attempt it seems like these took a lot of inspiration from Acorns investing app. The Acorns investing app has the same exact features with round-ups and saving on certain businesses that the company has a deal/relationship with. I was hoping Robinhood would bring completely new features and benefits to the industry and debit card world, but seems like they just took the ideas from other companies.
For the main question, will I actually be using the new Robinhood debit card and keep it in my wallet comes to one main factor. Will it offer benefits and rewards than my current credit cards. The answer for me in currently no.Therefore, I don't actually use the new debit card. Hopefully in the near future Robinhood can included even more benefits and features that make me use the cash card regularly and keep in my wallet.
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side hustle, passive income, make extra money, ways to make extra income, ways to make extra

[@FinancialTutor]

Earn up to $200 in free stocks signing up for Robinhood - www.financial-tutor.com/Robinhood

[@davyraycook5663]

Do not apply for this card they lied to you

[@davyraycook5663]

I'm trying to them restrictions today but they want to wait till Monday that bull crap

[@baviation1872]

A lot of people hate Robinhood, but I absolutely love it. INCREDIBLY easy to use and soo convenient.

[@nick-dogg]

I think the only people who hate them were meme traders lol.

[@camfasho]

@@nick-doggdefinitely traders lol , but even then I still don’t see the problem with them. Very user friendly

[@antonioperezsanchez6910]

great video! Thanks!

[@Pens-and-morez]

Just letting you know your mic has some squeaking sound 😊 awesome video as well

[@FinancialTutor]

Thanks for watching and the comment!

[@TheDoomWizard]

I recieve 10% cash back now on almost everything I purchase in March 2023.

[@bj133]

Many prepaid debit cards charge different purchase or transaction fees. Some go far as charging fees for ATM balance inquiries.

[@9mccloud]

Thanks 👍🏽👏🏽💙🙌🏽

[@qwantez1973]

Thanks!

[@Dean-qe9cl]

Robinhood is the One. Long Live Robinhood.

[@benjaminhuescas5130]

Does one even need to use it? No right you can keep the card without using it

[@andreamtz4412]

What happens if you don’t upgrade or sign up for the new cash card? I mean, if I keep using the old cash management card? Will it stop working until I get the new one?

[@dnak08]

I have the same question.

[@hi-techpirate9078]

I think when that card expires then you'll have to get the new one

[@chatochafa130]

I upgraded to the new one knowing I already had one 🙄 stupid in my opinion. I had to withdraw my brokerage money (money sitting in my Robinhood not invested in stocks) and it couldn’t because my card was now deactivated. I needed it for an emergency and had no access to it. Now I’m assuming with this new card I gotta transfer from the brokerage money to the spending card. I hate it because I don’t know if I want to spend that money on stocks or take it out sometimes.

[@andreamtz4412]

@@chatochafa130 yes, thats why i didnt want to upgrade... Anyway "cash management" is already deactivated... I hate to transfer from brokerage to the spending account, theres no difference between transfering to My bank account... I want to have the two options: Buy stocks or inmmediately get some cash... Spending either in stocks or personal stuff without transfering from an account to another... I don't like it

[@rossreynolds4835]

How long does it take to get the new card now if u just switched

[@borisstrong4706]

Yes I have it , might not use it too much.

[@victors1900]

I personally have been using for about 2 months it’s it’s cool , also I’ve been earning money from un used money in my spending account and when I do use it it gives cash back ! Those alone have been pretty cool . And I just recently signed up for direct. Deposits from my job checks I’ll keep this comment section updated .

[@memoriesofthesecondworldwa4762]

Thanks!, Im watching videos about it before I get it

[@Gamerz2Gamerz]

Any updates? I’m thinking about getting one

[@victors1900]

@@Gamerz2Gamerz yea worth it !! A lot to write but the benefits are great !!

[@Gamerz2Gamerz]

@@victors1900 thanks, glad to hear it!

[@jace6444]

​​@@victors1900 Do you still feel the same 1 year later?

[@franksingh6022]

can you deposit cash into the cash card at a atm?

[@victors1900]

No

[@brandon7.11ndn7]

I think you can do it at cvs , I’m not sure

[@gio-4845]

so u can make everyday purchases using this card??not just for investing

[@javierrojas-jt2bq]

Yes

[@King_HOLLOW]

Is it metal?

[@ecamacho7726]

I've been on the list for far too long now. I gave up on this card

[@TroyJones345]

Only certain areas are eligible. I live in Virginia so they wont send me one and won't tell me why?🤷🏽‍♂️

[@dinob6153]

I currently live in VA myself maybe because it's a common wealth state 🤔

[@urielgiovanni1854]

The green is HIDEOUS

[@whitestone2469]

Your videos have helped me reach over $180,000 in trading by age 23! Thanks Kevin. Keep the videos coming. 👍🏽

[@andrewblack4432]

Congrats ! i made a lot during covid from my passive income .

[@favourazah1504]

I'm convinced that the big investors and analysts are trying to scare us to keep us poor and ignorant to the market.. because its steady doing good after all the jobless and market crash talks

[@jamesjude4988]

Congrats and wishing you the best .

[@whitestone2469]

@kim sun When I was 20 ,but you need a finance Pro if you don’t want to loose and if you want to be more successful.

[@whitestone2469]

@kim sun Follow⬇️⬇️

[@samrizzo6632]

How do you get the American flag card

[@FinancialTutor]

It gave me several options when I first signed up.

[@thecity4379]

I have a cash card in love it

[@silverandblackentertainment]

Why was the first debit card a bust?? I have it, and it works just fine lol

[@bigwavesun]

That card is superior to the new cash card. I miss being able to withdraw funds as soon as I sold stock. My guess is that the old card caused issues after they found themselves unable to cover their clearing house fees during the GME sell off in 2021. You can still withdraw but now with the added step of transferring it to the cash account.

[@erickbaron2782]

I like my Cash Card.

[@FinancialTutor]

Thank you for watching! What do you like most about the cash card?

[@Lux-gq1of]

Old card design is better

[@FinancialTutor]

I completely agree!

[@CristianHernandez-lm5ju]

Quiero una

[@Lawschool21993]

How to get views?

[@FinancialTutor]

What?

[@Youtube_ban_me]

ur audio is so bad

[@Xackory]

Keep yourself safe

[@urielgiovanni1854]

Roundups is a terrible idea bc when you make a purchase, Robinhood will Buy Stock without evaluating value of that stock… Robinhood could Buy Stock at the WORST moment just bc the roundup is “automatic”

[@fonzs132]

I think he said you choose what stock you want your roundups to invest in lol so It’s not random you choose what stocks you wanna buy or stock

[@urielgiovanni1854]

lmfao It is ”investing” at total random because you can’t stop for every daily purchase to review price of your stock “roundup” before it automatically buys that stock a terrible price... It’s ok I know if ur brain understood compound interest & volatility u’d know why roundup is a stupid idea

[@predatorpursuers115]

@@urielgiovanni1854 its called dollar cost averaging dip shit. either way you can just disable that feature

[@cedriri]

Exactly

[@Godfather9814]

Well yeah that is a downside, but we’re not talking about crazy amounts of money it’s just rounding up to the next dollar so in theory wouldn’t it be only like 99 cents at most invested at that time?