🚨NOTE 🚨 Robinhood is using variable pricing with their RH Gold subscription cost. For instance, I was given a $5/month price in the app ($50 annually) while my editor was shown a $6.99/month price ($70 annually). Even if we input the higher version of this "Annual Fee" into the video calculations still nets out at $948.92 in terms of Year 1 Cash Value. Still ahead of the Active Cash and the Freedom Unlimited.
Waiting for travel portal. Probably Expedia because of the X1. After booking my trip to Florida, I know I will more than get back my $50. Then I'm good.
It doesn't seem like there's a definitive launch date quite yet but many are saying that Gold Members will get access towards the end of the year. Thanks for watching!
Surprised you did not mention the 1% bonus on all deposits for having RH Gold. That means that you get a 1% bonus just for moving your rewards to your invest account and all other cash you put in that account that will then be earning 5% APY currently. The RH Gold card is a no brainer for most people if you take advantage of the perks.
These are great points. Of course, the 5% APY may go down over the next couple of years (always fluctuates) so we can't guarantee that level of return forever, but in the current RH setup I totally agree with you.
Thanks for the comment Jamie. This is actually a really interesting situation and after researching we found that RH is using variable pricing with their Gold subscription cost. For instance, I was given a $5/month price in the app ($50 annually) while my editor was shown a $6.99/month price ($70 annually).
Great callout! OpenSky is a secured credit card though and it sounds like the cash back rewards may be dependent on where you're actually shopping but I could be wrong. If you love it and it's delivering cash back that high where you typically spend, then stick with it!
@@TheRDGuarantee I don’t have it. Just seen it. Month ago. And it graduates. Open sky plus anyway. But I don’t really trust the company at the moment lol
🚨NOTE 🚨 Robinhood is using variable pricing with their RH Gold subscription cost. For instance, I was given a $5/month price in the app ($50 annually) while my editor was shown a $6.99/month price ($70 annually).
Even if we input the higher version of this "Annual Fee" into the video calculations still nets out at $948.92 in terms of Year 1 Cash Value. Still ahead of the Active Cash and the Freedom Unlimited.
Great content and well executed
Thanks!
Going to sign up partner for robinhood gold for the credit card and to utilize the 3% match for roth IRA. Think it a good way to offset the fee
Waiting for travel portal. Probably Expedia because of the X1. After booking my trip to Florida, I know I will more than get back my $50. Then I'm good.
When does it launch?
It doesn't seem like there's a definitive launch date quite yet but many are saying that Gold Members will get access towards the end of the year. Thanks for watching!
Surprised you did not mention the 1% bonus on all deposits for having RH Gold. That means that you get a 1% bonus just for moving your rewards to your invest account and all other cash you put in that account that will then be earning 5% APY currently. The RH Gold card is a no brainer for most people if you take advantage of the perks.
These are great points. Of course, the 5% APY may go down over the next couple of years (always fluctuates) so we can't guarantee that level of return forever, but in the current RH setup I totally agree with you.
Do we have any word about foreign transaction fees?
No foreign transaction fees, which is a low key great feature!
Robinhood Gold member fee is $6.99 per month, $70 per year now
Thanks for the comment Jamie. This is actually a really interesting situation and after researching we found that RH is using variable pricing with their Gold subscription cost. For instance, I was given a $5/month price in the app ($50 annually) while my editor was shown a $6.99/month price ($70 annually).
Robinhood is tricking people with this card that way they can sing up for the Gold membership but they dont send you the card
Open Sky is 10% cash back. No annual fee🤷♂️
Great callout! OpenSky is a secured credit card though and it sounds like the cash back rewards may be dependent on where you're actually shopping but I could be wrong. If you love it and it's delivering cash back that high where you typically spend, then stick with it!
@@TheRDGuarantee I don’t have it. Just seen it. Month ago. And it graduates. Open sky plus anyway. But I don’t really trust the company at the moment lol
After their corrupt roll in the Game Stop saga - hard pass on anything Robinhood.
Can't blame people who feel this way! Sometimes all it takes is one bad experience.
First
Yesss sir. Got it on lockdown 🔒