Robinhood is offering a new 3% cash back credit card.
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Robinhood is now offering an uncapped 3% cash back card. Has anyone here gotten this card yet? This is the highest all-category card that I am aware of. I’m not familiar with the issuing bank (Coastal Community Bank), does anyone here have any past experience with them? I’m wondering how tolerant they will be of manufactured spending type activities.
Also, it is rumored that you will be able to deposit the cash back directly into a Roth IRA (coded as a bonus). This gives an additional tax benefit on top of the 3%.
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@tedteddy said in Robinhood is offering a new 3% cash back credit card.:
Coastal Community Bank
4 months later it says there is a wait list. Whole thing sounds fishy. 3% is more than many merchants pay in processing fees, so how does Robinhood make any money here?