Payments and embedded finance

Robinhood is restructuring its $695-a-year platinum card after Gold cardholders complained its perks required minimum spending to unlock, calling it a 'coupon book,' reported Wednesday by the Wall Street Journal (July 22). Robinhood raised the annual travel credit to $1,000 from $800 and removed spending limits on DoorDash and fitness-wearable credits, per VP Deepak Rao.

Robinhood is reworking its $695-a-year Platinum Card after cardholders said its perks felt like a coupon book. The annual travel credit rises to $1,000 from $800; the DoorDash credit falls to $120 from $250 but loses its spending-minimum trigger. Robinhood Money VP Deepak Rao confirmed the redesign to the Wall Street Journal, reported Wednesday, July 22, 2026.