1 Million Users Join The Waitlist For Robinhood’s New Gold Credit Card Within A Month What’s Behind The Hype?
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By Meg Flippin, Benzinga
Robinhood, the popular fintech that lets customers buy stocks, options, fractional shares and other investments commission-free, is shaking up the credit card market with its Robinhood Gold Card and customers are noticing. A month after announcing its foray into the credit market, Robinhood said more than one million people joined the waitlist. The fintech is shipping the first cards to waitlisted customers already, with general availability expected later this year.
Its not surprising Robinhood is seeing so much interest in its first-ever credit card. The card pays 3% cash back on all purchases across the board, which the company says is unheard of in the industry. There are no annual fees or foreign transaction fees also uncommon in the industry...