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Robinhood Cash Card
Finder score
On Robinhood's secure site
$0 per month
Minimum deposit to open

Our verdict

Earn cash back and get free bonuses on roundups. But you’ll need a brokerage account first.

The Robinhood Cash Card is a replacement product for Robinhood's cash management account. This forthcoming prepaid debit card is a solid choice for anyone who’s curious about investing. It puts the process on autopilot by helping you invest as you swipe your card and get paid.

On top of this, you can invest your spare change and get up to a $10 match each week through Robinhood’s roundup bonus program. That could put an extra $40 a month — or $480 a year — in your pocket. You’ll need a Robinhood Cash Card brokerage account for this perk, and it takes about five minutes to set one up online.


  • No fees
  • Roundup bonus program
  • Invest in crypto or stocks purchases with crypto
  • Split your payments
  • Nike, Dell and Wayfair


  • Limited ways to access funds
  • Brokerage account required

In this guide

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Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

How does the Robinhood Cash Card work?

The Robinhood Cash Card works like any other debit or credit card. Once it’s set up, you can make purchases online and in stores. You can also request a virtual card to use in Apple Pay, Google Pay or Samsung Pay.

There are three features you’ll need to manually opt into once you get your card to use them:

  1. Split Your Check. Automatically invest a part of your paycheck into your brokerage or crypto account when you get paid.
  2. Early Paychecks. Receive paychecks up to two days early.
  3. Round Up Rewards. Save your spare change and get a bonus from Robinhood each week.

5 benefits of the Robinhood Cash Card

The Robinhood Cash Card comes with an FDIC-insured spending account and benefits that include:

  • No fees. Robinhood doesn’t charge fees for anything — not for monthly maintenance, overdrafts, card replacements, foreign transactions or anything else.
  • Roundup bonus program. Enroll in this program and earn a bonus of 10% to 100% on the spare change you invest, up to $10 a week.
  • Invest in crypto or stocks. You’re not limited to equities. Because Robinhood offers crypto accounts, you can also invest your money in crypto. But you won’t earn crypto on purchases and you can’t make purchases with crypto. For that, you’ll need to open a Robinhood Crypto Wallet.
  • Split your payments. Sign up for direct deposit to get your funds up to 2 days earlier.
  • Earn cash back. Get rewarded with cash back when you shop at eligible major brands like Nike, Dell and Wayfair. You’ll earn this cash back automatically with no need to opt in. Participating retailers and earning rates are listed on the Cash Card app.

2 drawbacks of the Robinhood Cash Card

The Robinhood Cash Card is currently waitlisted and can’t be opened right now, among other potential drawbacks:

  • Limited ways to access funds. This card doesn’t accept cash deposits, mobile check deposits or card-to-card transfers.
  • Brokerage account required. You’ll need a Robinhood brokerage or crypto account to open the account, and use the round-up and automatic investing features.

If you’re looking for a debit card that earns crypto rewards, explore our list of popular crypto debit cards.

How to apply for the Robinhood Cash Card

Be the first to know about the Robinhood Cash Card by signing up for the waitlist. Get a jumpstart on perks by opening a Robinhood brokerage account while you wait.

  1. Select Apply now.
  2. Select Cash from the menu.
  3. Select Join waitlist.
  4. Enter your information.
  5. Select Done.


  • US citizen, permanent resident or valid US visa
  • At least 18 years old
  • US residential address
  • Social Security number
  • Valid external bank account

Required documents

  • Name, date of birth and residential address
  • Contact information
  • Employment information
  • Social Security number
  • Existing bank account to fund the account

Is the Robinhood Cash Card safe to use?

Yes. Money held on your Robinhood Cash Card account is FDIC-insured through Sutton Bank for $250,000. You’re also backed by Mastercard’s Zero Liability Protection Policy.

As with all investing products, any money you transfer from your Cash card into your Robinhood brokerage or crypto account is not FDIC insured and could lose value.

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How do I deposit or withdraw my money?

Robinhood Cash Card has two deposit options and one withdrawal option.

Funding options

  • Direct deposit. Get your paycheck deposited up to two days early.
  • ACH transfer. Make a one-time or recurring transfer from a linked bank account.

Withdraw options

Robinhood reviews and complaints

Robinhood’s platform as a whole earns a dismal rating of 1.11 out of 5 stars on the Better Business Bureau (BBB) and a rating of 1.1 out of 5 stars on Trustpilot.

Reddit is the best source for Robinhood reviews and complaints, with one popular thread titled, “Why you shouldn’t use Robinhood” getting 7,400 (91%) upvotes and 1,200 comments. Most negative reviews are about Robinhood’s brokerage services and unresponsive service department, not its spending accounts. Though the Cash Card is still new, a few consumers have commented on the card, noting its a solid card but best used on multiple small purchases thanks to the rounding feature.

How to contact Robinhood about my account?

Contact Robinhood two ways:

  1. Send a secured message through Robinhood and a support specialist will email you back.
  2. Request a call via your Robinhood account and you’ll get a text a few minutes before customer service calls you back.

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