Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
For Robinhood* customers who have been waiting to get their hands on the company's premium Robinhood Platinum Card, the wait is (potentially) over — the first official sign-up offers are being sent out this week. Originally announced back in March, the card is still not open to everyone; you need to request access via the waitlist.
Robinhood also announced the Platinum card has undergone some changes, spurred primarily by customers feeling that the perks it offered were not premium enough for the price point. While the card now has a few increased and expanded statement credits and minor added perks, a large portion of the card remains the same.
Here's a look at who can qualify for the Robinhood Platinum Card, what updates were made and some alternative cards that aren't locked behind a waitlist.
Senior reporter Jason Stauffer can answer your questions about how to make the most of your credit cards in his weekly Points Pro column. Submit yours here.
How do you qualify for the Robinhood Platinum Card?
Unfortunately, who qualifies for the Robinhood Platinum Card is a little ambiguous. The card is not currently open to the public. Instead, you can request access via the Robinhood* website.
Platinum Card invitations sent this week are targeting current, high-spending Robinhood Gold Card holders, according to Wall Street Journal reporting, though more invitations will be sent out in the months to come.
While you don't need a Robinhood brokerage account for approval, you'll want one if you ever intend to use your Rewards Points for cash back. The rewards you earn can be converted into cash and transferred directly to your Robinhood investment account; from there, it can be withdrawn or reinvested as you see fit.
Robinhood Platinum card benefit changes
The Robinhood Platinum Card looks a little different from when it was first announced in March. To address customer feedback, the card adjusted some of its benefits:
- Removed the $50 minimum order size requirement on the annual $120 DoorDash promos (issued monthly)
- Increased the annual travel credits to $1,000 ($700 in hotel credits and $300 in flight credits)
- Expanded the Platinum hotel network to include 1,700+ premium properties along with premium perks like late checkout
- Updated the original $250 autonomous ride credit to focus on Waymo rides (allotted monthly)
- Added white-glove concierge support for events, travel and more
- Replaced the $200 health wearables benefit with a complimentary WHOOP Peak membership with hardware included
- Added up to a $1,000 one-time credit toward the Eight Sleep Pod and Base, available through Sept. 15
Many of these changes affect the statement credits the card offers. For anyone on the fence about signing up for the waitlist, the changes may not move the needle much. Depending on your spending habits or wants out of a premium card, you may prefer a travel rewards card with more extensive airport lounge access or statement credits not focused on health.
Should you get the Robinhood Platinum?
The Robinhood Platinum Card is a great option for committed Robinhood customers looking for a premium credit card. That being said, if you don't use (or plan to use) the Robinhood ecosystem that frequently, there are likely better options.
One of the biggest drawbacks for this card currently is its lack of transfer partners. Many major banks partner with various hotels and airlines, allowing you to transfer your rewards to them and purchase travel. This is often the best way to get the highest value out of credit card points in general, so not having this feature may hurt travel enthusiasts.
The card also doesn't currently offer any welcome bonus. Bonuses are often a big draw for premium cards, allowing you to earn a lump sum of rewards — often upwards of 100,000 points.
Additionally, some of the credits the card offers are fairly niche. For instance, the Eight Sleep Pod and Base, a bed-cooling system, cost over $3,000, so the $1,000 credit only makes a dent in a very optional purchase. Similarly, if you live outside of the 11 cities Waymo currently operates in, you may not get much use out of the $250 annual credit.
How it compares to other premium cards
If the Robinhood Platinum Card isn't ticking all the right boxes for you, or you simply don't want to end up on a waitlist forever, here are a few other premium cards to consider.
The Chase Sapphire Reserve® (see rates and fees) offers one of the most flexible travel credits on the market: $300 that's automatically applied to all purchases made in the travel category. That includes airlines and hotels along with even more niche options, like parking lots and garages. The card also earns heightened rewards on flights and hotels booked direct – with the ability to transfer rewards to partners – whereas the Robinhood Platinum requires you to book through a portal.
The Chase Sapphire Reserve® is a standout premium credit card with luxury perks including, hotel credits, complimentary hotel elite status, travel credits, dining credits, rideshare and delivery benefits and much more.
- Access Priority Pass lounges, including unlimited access to Chase Sapphire Lounge® by The Club locations.
- Up to $300 in annual travel credit each account anniversary year
- You can transfer rewards to all of Chase's travel partners including World of Hyatt, Southwest Rapid Rewards and many more
- Top-tier travel and shopping protections
- High annual fee
- Requires a high credit score
- Complicated list of benefits
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn 100,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.
- Get $3,000 in annual value with Sapphire Reserve.
- Earn 8x points on all purchases through Chase TravelSM, including The EditSM and 4x points on flights and hotels booked direct. Plus, earn 3x points on dining worldwide & 1x points on all other purchases
- $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year.
- Access over 1,300 airport lounges worldwide with a complimentary Priority PassTM Select membership, plus every Chase Sapphire Lounge® by The Club with two guests. Plus, up to $120 towards Global Entry, NEXUS, or TSA PreCheck® every 4 years
- Get up to $150 in statement credits every six months for a maximum of $300 annually for dining at restaurants that are part of Sapphire Reserve Exclusive Tables.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Coverage, Lost Luggage Insurance, no foreign transaction fees, and more.
- Get complimentary subscriptions to Apple TV and Apple Music for a minimum of one year when activated by June 22, 2027, a value of $288 annually.
- Member FDIC
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
The American Express Platinum Card® has one of the highest annual fees (see rates and fees) on the market, but it offers over $3,500 in annual value if you take advantage of all the perks. While the Robinhood card only earns 5X on flights booked through its app, the Amex Platinum earns 5X on all flights, directly with airlines or via American Express Travel®, on up to $500,000. It also provides access to the Global Lounge Collection, which includes Amex's flagship Centurion Lounges. *As of 01/2026
The American Express Platinum Card® is a premium card loaded with annual statement credits, entertainment benefits, extensive airport lounge access, elite status perks and more. (Enrollment required for select benefits mentioned)
- Access to 1,550+ airport lounges, including Priority Pass™ lounges (enrollment required) and Amex Centurion lounges
- Statement credit offers worth up to twice what the annual fee costs
- Elite status perks for hotels and rental cars (Enrollment required for select benefits mentioned)
- High annual fee
- Many statement credit offers are complicated and are earned in increments or limited to specific purchases
- Not as rewarding for purchases as other lower-fee travel cards
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- You may be eligible for as high as 175,000 Membership Rewards® points after you spend $12,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you're approved and find out your exact welcome offer amount – all with no credit score impact. If you're approved and choose to accept the Card, your score may be impacted.
- Get more for your travels with 5X Membership Rewards® points on all flights and prepaid hotel bookings through American Express Travel®, including Fine Hotels + Resorts® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel® on up to $500,000 on these purchases per calendar year.
- With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection, over $850 of annual value, with access to Centurion Lounges, 10 Delta Sky Club visits (subject to visit limitations) when flying on an eligible Delta flight, Priority Pass™ membership (enrollment required), and other select partner lounges. *As of 01/2026
- $200 Uber Cash + $120 Uber One Credit: With the Platinum Card® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
- $300 Digital Entertainment Credit: Experience the latest shows, news and recipes. Get up to $25 in statement credits each month when you use your Platinum Card® for eligible purchases on Disney+, a Disney+ bundle, ESPN streaming services, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium, and YouTube TV when you purchase directly from one or more of the providers. Enrollment required.
- $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts® or The Hotel Collection* bookings through American Express Travel® using the Platinum Card®. *The Hotel Collection requires a minimum two-night stay.
- $400 Resy Credit + Platinum Nights™ by Resy: Get up to $100 in statement credits each quarter when you use the Platinum Card® to pay for eligible purchases with Resy, including dining purchases at over 10,000 qualifying U.S. Resy restaurants. Enrollment required. As a Platinum Card® Member you have special access to reservations on select nights at participating sought after Resy restaurants in select cities through Platinum Nights™ by Resy. Simply add your Platinum Card® to your Resy profile to book your reservation.
- $219 CLEAR+ Credit: CLEAR+ helps get you to your gate faster by using your face to verify you are you at 55+ airports nationwide. You can cover the cost of a CLEAR+ Membership* with up to $219 in statement credits per calendar year after you pay for CLEAR+ with your Platinum Card®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card® Account. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
- Start your vacation sooner and keep it going longer. When you book Fine Hotels + Resorts® through American Express Travel®, enjoy noon check-in, when available, and guaranteed 4PM late check-out.
- $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That's up to $300 in statement credits each calendar year. Enrollment required.
- $155 Walmart+ Credit: Get up to a $12.95* statement credit back each month after you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Platinum Card®. *Up to $12.95 plus applicable taxes on one membership fee.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- $895 annual fee.
- Terms Apply.
- See Rates & Fees
Balance transfer fee
N/A
Foreign transaction fee
None
If you're looking for a travel card that doesn't involve managing multiple rewards categories, the Capital One Venture X Rewards Credit Card earns 2X miles on all purchases on top of elevated rates for travel purchases through their portal. Its $395 annual fee can be mostly offset through its $300 annual credit for hotels, flights and more through Capital One Travel.
The Capital One Venture X Rewards Credit Card is a premium credit card with a myriad of benefits and a lower annual fee than other high-end cards with similar features.
- Annual $300 credit for bookings through Capital One Travel
- 10,000 bonus miles after every card anniversary
- Unlimited complimentary access to 1,300+ airport lounges, including Capital One Lounge and Landing locations
- Long list of valuable travel and shopping protections, including return protection, rental car coverage and trip delay reimbursement (Benefit(s) only available to accounts approved for the Visa Infinite card. Terms apply.)
- Limited bonus spending categories compared to other premium credit cards
- High annual fee
- High credit score requirement (excellent credit)
Highlights
- Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
- Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
- Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights and vacation rentals booked through Capital One Travel
- Earn unlimited 2X miles on all other purchases
- Enjoy access to 1,300+ lounges worldwide, including Capital One Lounge and Landing locations and participating Priority Pass™ lounges, after enrollment
- Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Top rated mobile app
Balance transfer fee
$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
Foreign transaction fees
$0
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*Review Robinhood disclosures here.
For rates and fees of the American Express Platinum Card®, click here.
