Updated – MAR 1, 2024
Your Robinhood Gold Credit Card Account (“Account”) will earn Rewards Points based on your purchases, as well as other limited-time and promotional offers, as explained below (the “Rewards Program”). The Rewards Program is administered by Robinhood Credit, Inc. (“Robinhood”).
Robinhood may make changes to the Rewards Program (including termination of the Rewards Program) or change the terms of this agreement at any time. For example, Robinhood may:
Robinhood may not always provide notice when it changes what you can get with your points or how your points can be redeemed. You understand and agree that Robinhood can make these changes at any time. You can see what you currently can get with your points when you visit the “Rewards” tab in the Robinhood Credit Card mobile app. Future availability of certain aspects of the Rewards Program, including specific Rewards Merchants and redemption items, is not guaranteed.
Robinhood will provide at least 45 days notice if we cancel the Rewards Program. If we terminate the program, you will have 90 days from the date of the notice to redeem your Points. Points which are not redeemed within that 90 day period will be forfeited.
Robinhood isn’t responsible for products and services offered by other companies, including Rewards Merchants.
The cash back you earn on your purchases is first calculated in rewards points (“Points”). Once Points post to your account, you can redeem them in various ways, including as cash back. See “How Do You Redeem Points” section below for additional details.
Certain purchases (“Eligible Purchases”) on your Robinhood Account will earn Points. You will earn three (3) Points for each dollar of Eligible Purchases posted to your Robinhood Account. Any transaction made in foreign currency is converted to US Dollars and awarded points so long as it is otherwise eligible.
Eligible Purchases made through the Robinhood Travel Portal will earn five (5) Points for each dollar posted to your Robinhood Account. Only purchases made in dollars are eligible for Points. If you make a purchase in the Travel Portal using your existing Points, you will not earn additional Points on that purchase.
You can check your rewards Points balance at any time using the Robinhood Credit Card mobile application (the “Robinhood Credit Card App”).
The following transactions are not considered “Eligible Purchases” and will not earn rewards Points: balance transfers, cash advances, checks that access your Robinhood Account, items returned for credit, disputed or unauthorized purchases, fraudulent transactions, traveler’s checks, foreign currency purchases, money orders, wire transfers (and similar cash-like transactions), lottery tickets and gaming chips (and similar betting transactions), loads or reloads of balances on gift cards or prepaid cards or cash equivalents, business-type transactions (including reselling), person-to-person payments, Robinhood Account fees and charges (such as finance charges), and fees for services or programs you elect to receive through us. Robinhood, in its sole discretion, determines whether a transaction constitutes an “Eligible Purchase”, and has the right to deny points or remove points if they were already granted on a transaction that is ultimately deemed ineligible.
All spending, transactions, redemptions and other activity by you or your Authorized Users is consolidated under your Account. If you have added an Authorized User to your Account, either you or you Authorized User may accrue Points through spending, redeem Points and take other actions under the Rewards Program on your Account.
Robinhood may stop points from accruing, and/or prevent you from redeeming points, if your account becomes delinquent, you violate your Robinhood Gold Cardholder Agreement or other applicable terms, or if your account is subject to a hold for any other reason, including but not limited to fraud or the need for identity verification.
If you fail to make a Minimum Payment Due by the first day of your next Billing Period, Robinhood reserves the right to rescind Points for purchases posted to your Robinhood Account during the billing cycle in which you failed to pay the Minimum Payment Due and to stop points accrual for future purchases until you become current. To keep the points you’ve earned and keep accruing points on future purchases, you must pay at least the Minimum Payment Due shown on your billing statement by the first day of your next Billing Period.
In addition, Robinhood reserves the right to temporarily suspend your ability to earn or use Points, take away any Points in your account, cancel your Points account or cancel your Robinhood Card altogether if Robinhood determines in its sole judgment that you engaged in fraud, abuse, misuse or gaming in connection with earning or using points or that you may attempt to do so, including, but not limited to:
value obtained through use of points,
Lost points will not be reinstated unless Robinhood determines, in its sole discretion, that it has made an error.
If your Points reflect a negative balance, any points you subsequently get will be applied first to reduce the negative balance. You will not be able to use Points until your balance becomes positive.
To redeem Points in any of the ways set forth below, you must have downloaded and installed the latest version of the Robinhood Credit Card App on your mobile device.
Your Points may be converted to cash (USD dollars) and transferred to your Robinhood Financial Brokerage Account. If choosing to redeem in this way, the value of your Points will be $.01 per point This conversion rate is only applicable when converting Points to cash in your Robinhood Financial Brokerage Account. If this option is available to you, it will be visible in the App. Visit the Rewards tab in the Robinhood Credit Card App to learn how to redeem Points for cash in your Robinhood Financial Brokerage Account.
You may use your Points to make purchases directly through the Robinhood Card travel portal. If choosing to redeem in this way, the value of your Points will be $.01 per point. If the Points you used do not cover the cost of your entire purchase, the difference will be charged to your credit Account. Travel merchants are subject to change at any time, without notice. If this option is available to you, it will be visible in the App. Visit the Rewards tab in the Robinhood Credit Card App to learn how to redeem Points through the Travel Portal.
You may use your Points to make purchases at Rewards Merchants through the Shop portal in the Robinhood Credit Card App. If choosing to redeem in this way, the value of your Points will be $.01 per point. When you make a purchase using Points through the Shop portal, your Account will first be charged for the purchase, then the Points will be deducted from your Points total, and finally you will receive a credit to your Account to reflect the Points used. If the Points you used do not cover the cost of your entire purchase, the difference will remain charged to your Account. Rewards Merchants are subject to change at any time, without notice. If this option is available to you, it will be visible in the App. Visit the Rewards tab in the Robinhood Credit Card App to learn how to redeem points through the Shop portal.
Your Points may be used to purchase virtual gift cards from a variety of merchants through Robinhood’s rewards portal. If choosing to redeem in this way, the value of your Points will be $.01 per point. Gift cards have no cash value and cannot be exchanged for cash. Each gift card may also have specific terms, conditions or restrictions that apply. Retailers choose whether to accept gift cards. Robinhood is not responsible for lost or stolen gift cards. Gift card merchants are subject to change at any time, without notice. If this option is available to you, it will be visible in the App. Visit the Rewards tab in the Robinhood Credit Card App for additional details.
Redemptions of your Points are subject to some important limitations and other terms you should know:
If we or you close your Robinhood Account, you will have 90 days to redeem your accumulated points post-closure, unless your account is closed due to fraud or misuse, including failure to comply with the cardholder agreement or account terms. If your account is closed under those circumstances, you will no longer be able to earn or redeem your Points and you will forfeit any accumulated Points or potential statement credits.
We may revise any of these Card Rewards Program Rules at any time with or without notice. In addition, we may terminate the Robinhood Card Reward Program with 45 days prior written notice. If we terminate the program, you will have 90 days to redeem your Points. Points which are not redeemed within that 90 day period will be forfeited.