Robinhood Joins the High-Fee Premium Credit Card Race With an Invite-Only Platinum Offering

Did Robinhood Just Say "Checkmate" to American Express?

Key PointsThe Robinhood Platinum Card will have an annual fee of $695 and offer over $3,000 in annual perks.The company seems to be mimicking the American Express Platinum Card, which has a $895 annual fee and offers more than $3,500 in annual perks.Can Robinhood actually disrupt AmEx's long-time successful card business?10 stocks we like better than Robinhood Markets › The popular online brokerage and banking platform Robinhood (NASDAQ: HOOD) i…

Robinhood takes on premium card issuers

The fintech’s new $695 credit card aims to lure young, wealthy people uninterested in hoarding points or using a card for airport lounge access.

Robinhood Joins the High-Fee Premium Credit Card Race With an Invite-Only Platinum Offering

Targeting high spenders, the card will cost you $695 a year, which is still lower than premium cards from Amex and Chase.