The Robinhood Cash Card is a modern debit card linked to Robinhood’s Spending Account. Robinhood is a U.S.-based fintech company best known for its commission-free investing platform. The card is issued by Sutton Bank and runs on the Mastercard network, allowing it to be used at millions of merchants worldwide that accept Mastercard (although some country restrictions may apply).
Unlike traditional credit cards, the Cash Card pulls funds directly from your Robinhood spending account, functioning as a debit card with added benefits, such as cashback at selected stores, automatic rewards, and tools that help you invest leftover change from daily purchases.
How It Works
The Robinhood Cash Card is connected to your Robinhood Spending Account, which is opened and managed through the Robinhood app. When you make a purchase, using either the physical or virtual card, the amount is deducted directly from your available balance.
The card can be used for in-store and online purchases wherever Mastercard® is accepted. It also supports contactless payments and integrates with digital wallets such as Apple Pay, Google Pay, and Samsung Pay.
In addition, it allows cash withdrawals at ATMs, subject to daily and monthly withdrawal limits.
Main Advantages
Cashback and Reward Offers
The Cash Card features a program called Cash Card Offers, which provides automatic cashback at partner retailers without requiring manual activation. These offers change regularly and are displayed in the Robinhood app.
Examples of participating brands may include Nike, Wayfair, Macy’s, Zara, and others, depending on current in-app promotions.
Round-Ups and Automatic Investing
An additional feature allows you to round up purchases to the nearest dollar and automatically invest the difference in stocks or cryptocurrencies through the Robinhood platform. Users may also receive a weekly bonus ranging from 10% to 100% on these round-ups (capped at $10), encouraging saving and investing through everyday spending.
No Monthly or Hidden Fees
The card does not charge monthly maintenance fees, annual fees, inactivity fees, or foreign transaction fees on purchases, making it an attractive modern digital debit option.
Integration with Robinhood Accounts
Because it is fully integrated with the Robinhood platform, the Cash Card makes it easy to spend, save, and invest within a single financial ecosystem. It also supports direct deposit for receiving paychecks early or partially in advance.
Fees and Costs
The Robinhood Cash Card does not charge standard recurring fees such as monthly maintenance, annual, or inactivity fees.
The main associated cost is a $2.50 ATM withdrawal fee per transaction, both in-network and out-of-network. This fee may be reimbursed if the user receives at least $300 in direct deposits per month.
Additional fees may be charged by ATM operators or in specific situations outlined in Robinhood’s terms, but there is no standard fee for purchases or card issuance.
Who It’s Recommended For
The Robinhood Cash Card is especially suitable for users who already use, or plan to use, Robinhood as their primary financial platform, combining daily spending with investing and digital money management. It appeals to those who want a debit card with automatic rewards and built-in saving and investing tools.
It is also a good option for people who value fee-free banking and simplicity, as well as those who enjoy cashback at partner stores without needing to activate offers manually.
On the other hand, users who need traditional credit card benefits—, such as extended purchase protection, airline miles, or separate credit lines, may prefer other cards with more robust reward programs.
How to Apply (Step by Step)
- Open a Robinhood account through the app or website if you do not already have one.
- Enable the Spending Account within the app by following Robinhood’s instructions.
- Request the Robinhood Cash Card directly through the application.
- Review and accept the terms related to the card and spending account.
- Wait for physical card delivery (if requested), you can start using the virtual card immediately with digital wallets.
- Deposit funds into your spending account or set up direct deposit to begin using the card for purchases.
Is the Robinhood Cash Card Worth Using?
The Robinhood Cash Card can be highly worthwhile for users looking for a fee-free digital debit card with automatic cashback and integrated investing, especially if Robinhood is already their main financial platform.
The lack of recurring fees and the ability to link everyday spending directly to investments, enhanced by round-up bonuses, make it an appealing option for financially focused users.
However, if you prioritize traditional credit card benefits or broad travel and miles rewards, it may be helpful to compare this card with other credit card options before making a decision.
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