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Robinhood Cash Card review

Earn cash back and get free bonuses on roundups. But you’ll need a brokerage account first.’s rating: 4.3 / 5.0


The Robinhood Cash Card makes it easy to build investing habits as you spend. A unique roundup bonus program means Robinhood matches the spare change you invest — up to $10 a week. But you’ll need an existing Robinhood brokerage account to activate this perk.

$0 per month



Minimum deposit to open


Fee$0 per month
Minimum deposit to open$0
ATMs15,000 international ATMs for free + 75,000 ATMs in the US
ATM transaction fee$0
Out-of-network ATM fee$0
Foreign transaction fee0%
Overdraft fee$0

Review by

Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

The Robinhood Cash Card is waitlisted, which means it can’t be opened right now. But based on the marketing, the forthcoming 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 crypto or brokerage account for this perk, and it takes about five minutes to set one up online.

If you’re more into crypto rewards than roundup investing, look into an alternative like the Visa Card. It lets you earn up to 8% back in crypto with each purchase.

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.

Quick stats: Pros and cons


  • Invest your spare change in equities or crypto
  • Earn a bonus of 10% to 100% on roundups each week
  • No account minimums or monthly, transaction or overdraft fees
  • Automatically invest part of your paycheck with recurring investments
  • Get paid up to two days early


  • Brokerage or crypto account required to activate roundups
  • Card doesn’t earn crypto rewards
  • Limited deposit and withdrawal options
  • Release date is unclear

4 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.
  • 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.

3 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.
  • Roundups require a brokerage account. You’ll need a Robinhood brokerage or crypto account to use the round-up and automatic investing features.
  • Not a true crypto debit card. You can invest your spare change into an existing crypto account, but you won’t earn crypto on purchases.

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. Go to the provider’s site and follow the steps to apply.
  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

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 as you please. 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.
Robinhood also hopes to release a cashback feature at the time of launch. This will let you earn money when you shop at popular brands like H&M and Chipotle, no activation required.

What cryptocurrencies can I use with the Robinhood Cash Card?

The Robinhood Cash Card lets you invest spare change in crypto. But you can’t earn or spend it. Instead, you’ll need a Robinhood Crypto Wallet for that.

Is the Robinhood Cash Card safe to use?

Yes. Money held on your Robinhood Cash Card is FDIC-insured through Sutton Bank. 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.

Compare the Robinhood Cash Card to other crypto debit cards

Compare this card’s features and fees to other crypto debit cards on the market.

1 - 4 of 4
Name Product Rewards Staking requirement Supported cryptocurrencies
Finder Rating: 4.8 / 5: ★★★★★
A free account for crypto and cash that earns a 1.2% bonus rate plus 5% cashback on purchases from participating retailers.
Finder Rating: 4.5 / 5: ★★★★★
Revolut is a global fintech that offers FDIC-insured deposit accounts, 10 free international transfers a month and, on its Premium plan, commission-free crypto trades up to $200,000 per month. Crypto deposits aren't FDIC insured.
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Up to 8%
The Wirex debit card lets you spend dollars or crypto in stores and online while earning up to 8% back. It is not available in NY and Hawaii. Visa Card
Up to 5%
Up to 400,000
250+ cryptocurrencies
Fund your card with fiat currency or crypto, and earn up to 5% back with each purchase. Plus, get rebates on qualifying subscriptions such as Spotify and Netflix. Not available in New York. Only US dollars in your account and on your card are protected by the FDIC.

Compare up to 4 providers

Where can you use the Robinhood Cash Card?

You can use your Robinhood Cash Card online and in stores, anywhere Mastercard is accepted.

Fees and exchange rates

The Robinhood Cash Card doesn’t have any fees or exchange rates.

How do I deposit or withdraw my money?

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

Compare Robinhood with other cash management accounts

Compare other cash management accounts based on their fees, ATM networks and minimum required deposits.

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 Cash card doesn’t have any reviews or complaints, because it isn’t out yet. As of April 2022, Robinhood’s platform as a whole earns a dismal rating of 1.12 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.

How to contact Robinhood about my account?

Contact Robinhood two ways:

  1. Send a secure message. Send a message through Robinhood and a support specialist will email you back.
  2. Request a call. 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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