Bernstein Analyst Comments on Robinhood's (HOOD) Credit Card

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Robinhood (HOOD) rises after saying it plans to launch a credit card for US consumers

March 27, 2024 7:53 AM EDT

Robinhood (NASDAQ: HOOD) shares are up more than 6% premarket after the company revealed it plans to launch a credit card for US consumers.

The "Robinhood Gold Card" is available to Robinhood Gold members. The company said the credit card has no annual fee,... More

Robinhood ventures further beyond trading with new credit card

March 26, 2024 7:03 PM EDT

By Niket Nishant

(Reuters) - Online trading app Robinhood Markets launched a new credit card on Tuesday, in an effort to expand its foothold in the personal finance market and boost subscriptions to its premium tier.

The credit card, available exclusively to Robinhood Gold customers, comes two years after its launch of a debit card to allow spare change... More