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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.
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23 comments
firstttttt
Sounds like acorns lol
Robinhood, taking from the poor and giving to the rich! I would never use or support this company after how it treated its customers.
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.
"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.
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.
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.
Robinhood and Webull can go pound sand…we will never forget…
"Per purchase fee". I've heard…a couple cards do that? I think the shittiest paypal debit card does, or did?
Just get the Fidelity Visa 2% cashback card to invest
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.
$250,000 FDIC, not $250.
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.
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.
I wouldn't do business with robinhood
I like my Acorns debit card better.
A lot of startups are offering debit cards with rewards because they're able to charge credit card like fees (1-2%) to businesses.
So it’s basically like the acorns product?
ScamHood is back with a another one…
Dave Ramsey fans rn… 🧠🤸♂️🧠🤸🏽♀️🧠🤸
If you're still using Robin Hood after all those debacles you have issues.
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
Sticking to my CRO card. That 10% return on CRO is amazing.