The TRUTH About the NEW Robinhood Debit Card – The Credit Shifu

by YouTube Team

Try Robinhood (1 Free Stock):
Webull (5 Free Stocks):
Credit Shifu Wallets:
Like Credit Shifu on FACEBOOK:

Robinhood just released a new debit card, this is their 3rd debit card product launch and this one is still just at the wait list stage.
SONG FROM OUTRO
Track: Halcyon & Valentina Franco – Runaway (Heuse Remix) [NCS Release]
Music provided by NoCopyrightSounds.
Watch: youtu.be/5bj44xI2oWw
Free Download / Stream: ncs.io/RunawayHeuseRemix
NOTE: The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Advertiser Disclosure: This site is part of an affiliate sales network and receives
compensation for sending traffic to partner sites, such as CreditCards.com. This
compensation may impact how and where links appear on this site. This site does not
include all financial companies or all available financial offers.

source

Related Articles

Leave a Reply

23 comments

Yijia Wang March 24, 2022 - 7:36 pm

firstttttt

Reply
Kidbx175 March 24, 2022 - 7:36 pm

Sounds like acorns lol

Reply
Boss Bogan March 24, 2022 - 7:46 pm

Robinhood, taking from the poor and giving to the rich! I would never use or support this company after how it treated its customers.

Reply
Buster Ecks March 24, 2022 - 7:47 pm

Customer: Is there a foreign transaction fee?
Robinhood: Yes, there's no foreign transaction fee. It's 3%.
Customer: So there is a foreign transaction fee?
Robinhood: Correct, there's no fee for foreign transactions. We'll charge you 3% for all foreign transactions.
Customer: Go Home Robin hood, you're drunk.

Reply
Boss Bogan March 24, 2022 - 7:50 pm

"per purchase fees" are actually a thing. This was more common 30 years ago when debit first came out, each purchase cost the consumer between 10-25 cents. Evetually the banks made account packages that allow you up to 10, 25 or unlimited transactions.

Reply
Ace0fTrades March 24, 2022 - 8:04 pm

Shifu. The student has become the master. Regulation E requires the $50 maximum liability. The Mastercard zero liability is truly 0 liability. They aren't misleading you here. This is an error by their marketing people that don't understand the regs.

Reply
K Roddy March 24, 2022 - 8:08 pm

I'd do it for a up front bonus of let's say $100-200 for a direct or two. Doubt we'll see it though.

Reply
Patrick King March 24, 2022 - 8:42 pm

Robinhood and Webull can go pound sand…we will never forget…

Reply
blindey March 24, 2022 - 9:03 pm

"Per purchase fee". I've heard…a couple cards do that? I think the shittiest paypal debit card does, or did?

Reply
Bill Ervin March 24, 2022 - 9:18 pm

Just get the Fidelity Visa 2% cashback card to invest

Reply
Hugh Jinvaney March 24, 2022 - 9:24 pm

Robinhood should’ve changed their name. The current one is associated with screwing over the little guy to protect the hedge fund crew. I still wouldn’t do business with them, but they desperately need a re-branding.

Reply
biffy7 March 24, 2022 - 9:40 pm

$250,000 FDIC, not $250.

Reply
avsterbone March 24, 2022 - 9:55 pm

To anyone with a basic understanding of how Credit Cards works knows this is entirely unsustainable long term. This is clearly an acquisition cost funded by VC money. This feature will either go away or be significantly nerfed. Be warned.

Reply
Joey161 March 24, 2022 - 10:53 pm

I feel like it’s a good card for new investors who aren’t good with money.

Shit my debit card rounds up and puts it into a savings account for way less than if I bought a penny stock.

I’m thinking of getting it since I blew up my 3k account back when Tesla decided to drop more than what it went up this week.

But for someone with a bigger account I really don’t see the point in it. I mean they had credit cards with better cash back rewards so why even bother with a 10%-100% possibility.

Reply
Jame Mee March 24, 2022 - 11:15 pm

I wouldn't do business with robinhood

Reply
starchild5477 March 24, 2022 - 11:24 pm

I like my Acorns debit card better.

Reply
milk drinker March 24, 2022 - 11:30 pm

A lot of startups are offering debit cards with rewards because they're able to charge credit card like fees (1-2%) to businesses.

Reply
No Name March 24, 2022 - 11:58 pm

So it’s basically like the acorns product?

Reply
Shay States March 25, 2022 - 5:10 am

ScamHood is back with a another one…

Reply
Casey Burns Investing March 25, 2022 - 10:21 am

Dave Ramsey fans rn… 🧠🤸‍♂️🧠🤸🏽‍♀️🧠🤸

Reply
Re3iRtH March 25, 2022 - 11:07 am

If you're still using Robin Hood after all those debacles you have issues.

Reply
Tommy Chen March 26, 2022 - 3:43 pm

Not sure this is sustainable long term for Robinhood. Depending on the matching bonuses and/or deals at certain merchants, it might be on par with certain credit card cashback rewards

Reply
Sabre Leonheart March 26, 2022 - 11:18 pm

Sticking to my CRO card. That 10% return on CRO is amazing.

Reply