Robinhood Gold Card...the BEST new card of 2024?! Eh...

[@JxstThxKxng]

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

[@cryengine_x]

it just means they didnt sponsor him yet like his favorite bilt lol. arent you familiar with this channel?

[@JxstThxKxng]

@@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!

[@HypocritesExposd]

@@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.

[@AntonioJimenez-pw7cr]

I was wondering why you said this and now I see why. Damn, it pisses me off too.

[@JxstThxKxng]

@@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

[@dz2423]

“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.

[@haesome8613]

Dumbest take of the month

[@SiLLyToMMy]

u missed the point in the video...

[@EddysReviews]

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.

[@topgungear6822]

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.

[@T.Webster777]

It is clear he is not interested in the truth or any value of the card. He has an agenda of some sort.

[@wubzt3r]

​@@T.Webster777The value of the IRA match and the deposit match are completely separate from the card, that's part of Robinhood Gold

[@ReaperMotivation]

Huge shout out to you for calling them out on this. We can't keep letting companies prey on people with no push back💯

[@slicklizardchamp]

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]

You mean like capital one not approving people with decent to good credit?

[@slicklizardchamp]

@@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

[@T.Webster777]

He was wrong and so are you for believing him so easily without fact checking

[@smoovemike1460]

We all are consumers all these companies prey over people. That’s business

[@claircourtway]

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]

The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.

[@leoma-l7r]

@@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]

@@leoma-l7r Mind if I ask you to recommend this particular coach you using their service?

[@leoma-l7r]

@@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

[@chantel-h1r]

@@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.

[@andrewb3516]

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.

[@vspoke9150]

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

[@T.Webster777]

He was not interested in facts or truth; this was not a review, it was a hit piece.

[@ShannonLeeSD]

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!

[@moinak001]

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.

[@NickSchuetze]

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).

[@johnsfinancetips]

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!

[@--Buxtehude--]

Never thought I'd get goosebumps watching a credit card review. Well done, my friend!

[@DavyDavePapi]

I already have robinhood gold so its a no brainer for me to get it. Still on the waiting list but I cant wait!!

[@drewr9580]

It’s a pretty awesome system they got highly recommend

[@johnsfinancetips]

Who here is planning on getting this card?

[@matthewfrench]

Me still on waiting list I’ve been on it for a few months

[@vannistapammer2313]

No friends invited 10 pp Still in waitlist lol

[@drewr9580]

Highly recommend it best CC experience I’ve ever had

[@matthewJ142]

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.

[@timberthus2562]

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.

[@ripfluffyman9972]

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!

[@alexsox]

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.

[@T.Webster777]

Where exactly was the unbiased part? This "review" was completely biased and factually wrong in almost every point.

[@akshaybp456]

This is actually the best review video of any credit card ever I've seen. Great information. Thanks

[@felicidadgalit1252]

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.

[@--Buxtehude--]

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.

[@NoVaRedacted]

This video was full of heavily uniformed information

[@soso201088]

You just popped up on my timeline how refreshing!! Talk about Integrity! SUBSCRIBED!

[@Sasha-ft5xs]

Thank you for all your tips and advice 💙

[@johnsfinancetips]

Thanks for the comment, and happy to help!

[@volkswagen4866]

Didn't the original Robin Hood rob the rich and give to the poor and not the other way around.

[@ScoFish]

the irony

[@truckinforever985]

Dont forget the 5 dollar fee to belong to gold would be worth it as you get level two market data included

[@Milkinporsche]

Thanks for the valuable input.

[@AntBoogieWorld]

I just posted on my shorts me getting mine in the mail. I have to say I was really hyped to get it 😎

[@DungTran-fe9gw]

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.

[@quantum12g39]

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

[@vividR15]

Thanks for being honest, we appreciate it. Thats why we subscribed to you❤

[@jakejoling6425]

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.

[@yvjyang]

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 KZbinrs who tend to take a very neutral & conservative stance on the matter. Love to see you spitting fire 🔥from the heart. Cheers mate!

[@BigTInTheMorning]

I appreciate the candor on this too

[@benchoflemons398]

The AF is effectively 0 because gold gives you 1k in free margin worth at least $50 pre tax

[@alexandrusasuclark8431]

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!

[@scottbriscoe9097]

I just got this card. It is better than all the rest for my spending. Love the app as well.

[@freddyblanco235]

One of the best card if not the best I have now

[@sachanprusty3365]

Just from Benefits point of view, How is Chase Sapphire preferred better than Robinhood card?

[@elijahkangas4704]

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!

[@MarsM13]

You have to keep a subscription to Gold in order to keep the card active, which is dumb. They should do it like Amazon's card: if you keep an Amazon subscription, you get 5% back, but if you don't keep a subscription, the card remains active but you get a reduced cashback percentage. Robinhood should adopt that model: make the cashback 3% if you maintain a subscription, 1% or 1.5% if you let your subscription lapse. A complete destruction of the card if you don't maintain a subscription is too greedy, too blatantly Robinhood flipping the customer the bird.

[@beckyhuynh4954]

He’s not a fan of Robinhood

[@johnsfinancetips]

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

[@FATALK1LLCAMZ]

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!

[@FTATF]

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

[@Luvnthegodnme]

John plays no games. If you didn’t know, now you know. Thank you!

[@nicholasjack3179]

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.

[@JUST_ONE_ID10T]

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.

[@vspoke9150]

You need $1,500 in your robinhhood account for gold to pay itself with 5% interest, I think is less now

[@iCARTER]

Good Stuff John!

[@davi75668]

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.

[@CadenMichnal]

As a career day trader myself who utilizes options and futures as my two day trading tools. I highly disagree about “the more you invest in the markets like a game the more you lose”. Thats how I make a living. My day trading returns a profit substantially more than my investment accounts.

[@vnc3nt491]

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

[@videofrat3115]

awesome review

[@pa.100]

Chase sapphire preffered is not a mid tier travel card……. It is an excellent credit high luxury card.

[@terrintv9779]

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.

[@yoan0197]

Paypal does offer a 2% cashback, but if you use Paypal, they give you 3% and it's an free card

[@W0N12]

It also comes in a LV cardholder.

[@FinickyHorseGameStudios]

Much awaited video 🎉

[@zwroberts1]

It being from a stock trading app missed a HUGE opportunity to do like the old Stash card and a certain percent of your purchases could go to fractional shares of where you shop. That encouraged me to invest more with them because I could invest in places that I obviously saw value in.

[@Tkh21209]

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

[@johnpersechini4951]

Well first you have to be able to get it. I’ve been on the wait list for almost 2 months.

[@johnpersechini4951]

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.

[@mycowsaysmeow]

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.

[@slevitron1543]

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.

[@ashtonsmith9425]

A lot of great information, thanks for the info

[@dh2266]

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.

[@Bmarts93]

I agree 100% with this. Robinhood gold pays for itself and you don't have to worry about stupid categories swapping and all that

[@genovaz]

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.

[@j.taylor822]

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.

[@Pinguliniy]

Great content like always! What a way to call them out on their bs

[@Faithful_Solaire]

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 👍🏼

[@slicklizardchamp]

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.

[@Faithful_Solaire]

@@slicklizardchamp that they did what they did should give anyone pause regardless of the stocks they trade

[@iamwoleojo]

I don’t care 🤷 I have been on the waiting list for ever… what difference does it make if the card is good or bad… I don’t have it and I can’t just apply for it like others… they just put you on waiting list… I don’t understand

[@BimmerWon]

Wait wtf? Why did they charge me $60 for the annual fee last month?

[@yangzheng6792]

All pretty reasonable takes and I don't think this card is the best choice if you qualify for cards in the mid-high tier range w/ annual fees! I think it's important to consider the benefits offered by Robinhood Gold, though, if we are treating it as an annual fee. In that sense, things like 3% Roth IRA matching should be considered as perks IFF a prospective subscriber did not have RH Gold in the first place.

[@jazzarito]

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.

[@christj2057]

Love this vid! Thank you! Just subscribed! ❤

[@Ciborium]

Yeah, the $40 replacement card fee is outrageous. Maybe if they said you get the first replacement free. You did forget to mention that if you get the real gold card, you will get a 1099 for the gold value of the card and have to count for it as income on your taxes.

[@Lycan3303]

Still waiting for mine :(

[@javiera.comasruiz6110]

Love your videos

[@ultralobo]

Robinhood gold not only gives you 5% on the non invested money, also gives you 3% match on Roth IRA account

[@DemetriForex]

I almost fell for this when it was first announced. The 3% catch all was too good to be true so I read more and realized you needed Robinhood Gold. I didn't even know about the replacement card fee so that's just another reason for me to stay away

[@miguelzapata9460]

Thank you for calling them out

[@isaiahmontoya3665]

Huge shoutout to the content creator: John Liang. I trust you for reliable content, and always appreciate your passion for the average user!

[@marcosacosta1319]

U forgot to mention that the regular Robinhood gold card is made of titanium so it would cost more to replace that’s why it costs more and also there’s a loop in Robinhood gold that pays for gold membership fee by itself u get deposit bonus every time u deposit and u get a high yield savings account and there’s more things that pay u and ur membership fee and then some plus %3 back every purchase this is the best Cred card it’s basically passive income no other card pays u that much it’s more money in long run than a sign up bonus

[@MakDolla]

Great breakdown

[@peruinmaheart]

Thank you John for always being upfront. You always need to discuss the benefits and cons of each product. The fact that they are “targeting a special demographic” is just wrong in so many levels.

[@slicklizardchamp]

What exactly is wrong with them targeting a specific demographic? They obviously want customers who intend to be with Robinhood for the long term. What company doesn’t want that?

[@MichaelMangin]

also, every credit card company not offering 0% APR…. is 10000000% looking for you to carry a balance and pay them interest

[@Mr.Magana]

Thank you for your great video . Quick question what do you used for stock trading ? Obviously you don’t used Robinhood

[@waltpierce699]

Personally, I feel like this card is worth it as long as you understand the fine print and the fact that the benefits may be stripped away. Along with the other Gold benefits at the moment, I feel like Robinhood Gold is a worthwhile product at the moment. The other stuff you said is true, but the Gamestop regulation was ordered by the SEC if you look at interview clips (and trust what Robinhood says). I agree that the business model is a bit shady, but so is the business model of most credit cards. I understand that this instance is worse though due to the marketing of this card to new users along with the APR and junk fees. All of what you said is true, but I personally feel like as a product, the current benefits outweigh the costs. Let me know what you think!

[@PerdomoTesla]

This card is a big no from me. Robinhood is too wishy washy for me. I'll stick to my Chase trifecta and Amex cards. BILT captures misc spend on rent day for 2x which is enough for me. I like the hyatt points from rent and paying misc bills.

[@joshuazhurazorback]

Robinhood bought X1 last year, this card is literally X1 card discontinued before. They had unlimited 3% at beginning but had $7500 cap later. 😅

[@freddyblanco235]

Yes, because the 3% is for IRAs account, and according to the law you can only deposit 7500 a year thats why the cap

[@ice-qf8vz]

Robinhood is a spineless company I wouldn’t do business with them if they were the last bank on earth

[@93aMike]

Same. Moved all my investments out of the platform and closed my account after the Gamestop event.

[@shoalins55]

All these financial institutions have similar tactics to get more money from you. AMEX has their shitty coupon book, and Chase travel portal over charges. So in these situations just understand who is going to bend you over, and how how long for.

[@davi75668]

Economics are built into every card, just cause he's transparent about it makes it worse? I think it's the opposite.

[@victorzhou231]

Hey John! Are you going to talk about the new Wells Fargo cards? They seem to be trying to push into the credit card market, and the BILT card has been in the news for apparently costing them a lot of money.

[@bethearl8686]

Great video!! Nice to see you getting angry. I would be angry if they hit me for a $40 replacement card. I've already been burned with the AmEx Platinum travel insurance fine print.

[@braxtonrosas7338]

Where the heck is my gold card I signed up when it was announced…

[@Exergonick]

Once you have the card cant you just unsubscribe... Also 3% on everything makes 5000$ very realistic simply pay your rent with it. Everything is EVERYTHING. Superstores count, gas counts, every single dollar counts no exceptions. I think the only point really withholding his oppinion is that robinhood as a company is sus. But i much rather be with them than wells fargo. It just comes to opinion

[@victorvillagomez2941]

They don’t allow rent payments and irs payments. People have already tried and got rejected.

[@HugoLopez-nm1qn]

John is actually mad, this card is trash and not worth getting it. All those hidden fees are sneaky and shady

[@raulmaximo9286]

Your right my friend!!

[@Itzssky]

I just wanted to get it bc it looked cool 😂

[@iamevan1560]

i think it’s dangerous bc robinhood already promotes risky behavior like options trading. sneaking in a way to lure people into owing 30% of interest that they profit more of than trading commissions is a red flag. when used responsible there is a lot of value here but the company’s values are long gone

[@neillmottes9878]

Sofi cc gives unlimited 3% no annual fee

[@andrewevans8763]

I would say there is somethings missing on the math side as what the benefits of getting robinhood gold because you missed the math of Roth match of 3% on robinhood gold - plus all the other benefits of robinhood gold. But also this is the former X1 card that allows you assist others to improve their credit. I get it's a shady way to phrase it; but it I think you missed something again.. I do agree the replacement card fee is BS - hopefully thats only for the people who have the promotional full gold card that weight of 30 g (pure gold card) but I can see the BS of that.

[@jwil4286]

About the annual fee: Amazon’s cobranded cards do the same thing

[@j.taylor822]

Moral of the story: Sign up bonuses are awesome, so get those first then come back to a RobinHood card!

[@Wojiparu]

VENTURE X IS KING!!!!!

[@AgentOfLogos]

I’m strongly considering it haha

[@ToboeKey309]

​@AgentOfLogos u gunna get the venture x? 🧐 I hope u do it's a good fuckin credit card from capital one 😌😌

[@Wojiparu]

Venture x lounge access is unreal and well worth the annual fee. I drink $100 of patron and my family go nuts!! Well worth the 6 lounge visits I get a year and the $300 travel credit! This card is GOAT

[@luismunoz1213]

@@Wojiparulove it, just wish they had better transfer partners.

[@Wojiparu]

I get it. I get so much value from the lounges and $300 travel credit, 🎉 I am Good!

[@PhoenixwayNet]

Metal card costs extra!

[@noelsengel940]

Does a 3 percent cashback used on rent cancel out the 3 percent fee for paying rent with a card?

[@johnsfinancetips]

yes, assuming they fee to pay rent with a card is only 3% if it's lower then in theory you come out ahead!

[@SwagOnSwoosh]

Thanks bro.