Robinhood is looking to catch up to the Apple Card. The consumer trading service announced its long-anticipated credit card, the Gold Card, to compete with Apple’s offering. Open only to subscribers of Robinhood Gold, the Gold Card features 3% cash back on all purchases and the ability for users to transfer cash earned to their brokerage accounts.
As Apple expands into more fintech services, Robinhood is racing to eat a portion of the same market — users who prefer a tech-first option over a traditional banking relationship.
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