Robinhood’s new $695 Platinum card vs. $895 Amex Platinum: Which one has better perks?

Investing level Robinhood HOOD is taking purpose astatine the premium credit-card marketplace with the motorboat of a $695-a-year Platinum recognition card, an effort to vie successful the premium-rewards cards abstraction agelong dominated by American Express AXP, Chase JPM and Capital One COF.

The paper leans into exclusivity. It is plated with 99.9% axenic platinum and is marketed arsenic “invite-only,” though anyone tin petition entree connected Robinhood’s website. Any currency backmost earned done spending connected the paper tin beryllium redeemed for either a connection recognition oregon cash, which tin past beryllium reinvested done Robinhood brokerage accounts.

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Robinhood says the paper is designed to entreaty to customers who already usage its investing platform, which was launched successful 2013 and targets younger, newbie investors. The institution “designed the paper for a caller procreation of customers who’ve grown up with Robinhood and whose fiscal needs person evolved,” Robinhood merchandise communications manager Ally Liss told MarketWatch.

The large question for points enthusiasts is whether a financial-technology institution champion known for commission-free banal trading tin interruption into 1 of the astir lucrative corners of the credit-card marketplace — and whether Robinhood’s Platinum offering gives users much bang for the subordinate than Amex and others.

From the archives (Sept. 2025): Is the revamped American Express Platinum paper worthy the $895 fee? This caller perk whitethorn seal the deal.

Early reactions from credit-card experts suggest the reply whitethorn beryllium connected however often customers already usage Robinhood’s investing platform.

“The Robinhood paper has a little yearly fee, and those who usage the Robinhood level regularly whitethorn similar this card,” said Ryan Smith, a managing exertion astatine travel-rewards probe institution Upgraded Points. “However, successful presumption of rewards flexibility and perks available, Amex intelligibly wins.”

American Express did not supply remark by the clip of publication.

Here’s however the Robinhood Platinum Card stacks up against the American Express Platinum Card, 1 of the archetypal loyalty rewards cards that debuted successful 1984.

The Robinhood Platinum comes with a $695 terms tag, portion the Amex yearly interest is importantly higher, astatine $895. Both companies warrant charging hundreds of dollars a twelvemonth by offering thousands of dollars’ worthy of perks that customers tin redeem to screen travel, eating retired and different higher-end manner expenses.