Connect with us

Press Release

1 Million Users Join The Waitlist For Robinhood’s New Gold Credit Card Within A Month What’s Behind The Hype?

Published

on

–News Direct–

By Meg Flippin, Benzinga

Robinhood, the popular fintech that lets customers buy stocks, options, fractional shares and other investments commission-free, is shaking up the credit card market with its Robinhood Gold Card and customers are noticing. A month after announcing its foray into the credit market, Robinhood said more than one million people joined the waitlist. The fintech is shipping the first cards to waitlisted customers already, with general availability expected later this year.

Its not surprising Robinhood is seeing so much interest in its first-ever credit card. The card pays 3% cash back on all purchases across the board, which the company says is unheard of in the industry. There are no annual fees or foreign transaction fees also uncommon in the industry. Plus, there are several other gold status perks, including an easy-to-understand and use rewards program, the ability to add five family members of any age as cardholders, digital tools such as virtual cards and 5% cash back on travel when you book through the Robinhood travel portal.

With this credit card, Robinhood makes it easy to track transactions, generate virtual cards and set credit limits via its app. That could be particularly helpful for families or for when you pay for subscriptions and dont want to be hit with extra fees or hidden charges.

Rewards Made Easy

Rewards points accrued can be used for travel, gift cards and shopping at several national retailers. Points can also be redeemed as cash and transferred to your Robinhood brokerage account. There, they can be reinvested or withdrawn.

Then theres the card itself. Most of the Robinhood Gold Cards are made of stainless steel, weighing 17 grams, which makes the card among the heaviest metal credit cards on the market. Metal cards are appealing because they are more durable than plastic cards, which tend to break or fade. They can also look nicer when pulling them out to pay.

Top-tier Gold members can get a real 10-karat gold card, while those who refer 10 or more subscribers to Robinhood Gold are eligible for the 36-gram gold credit card. The card, being Visa, also includes a host of other benefits, such as trip interruption protection, purchase security, Visa signature concierge services, Roadside Dispatch and more.

American Cardholders Are Fed Up

Robinhoods entrance into the credit card market comes at a time when consumers want more from their credit card providers. A recent J.D. Power satisfaction survey found consumers were largely unhappy with their rewards and were seeking alternatives. Thats despite efforts by card issuers to build more generous rewards programs. Credit card holders' dissatisfaction with rewards earning had the lowest level of overall satisfaction of the seven factors evaluated in the study.

This is driven by less favorable ratings on the amount of rewards earned per dollar spent, especially among cashback cardholders. In fact, the top reason given for switching card providers is seeking a better rewards program, wrote J.D. Power.

Thats not to say there arent credit cards that give you 3% cash back, but it's often limited to certain categories or in rotating months. The rewards programs tend to be complicated, and redeeming points can be cumbersome. As a result, consumers may feel the need to have several different credit cards to rack up points. Robinhood Gold Card takes the complexity out of the equation, providing customers with one credit card that should meet all their needs.

Expanding Its Reach

For Robinhood, entering the credit card market adds another offering to its menu of financial services, which already includes everything from investing to saving for retirement. Not only does it diversify Robinhoods sales, it reduces its reliance on trading revenue, which can be volatile and sensitive to market dynamics. It is also consistent with Robinhoods vision of leveling the financial playing field for everyday consumers.

Theres always been special perks and opportunities reserved for the wealthy that make them even richer. Its why we started Robinhood and gave our customers access to features like commission-free trading and the 24 Hour Market, said Vlad Tenev, co-founder and CEO of Robinhood, when announcing the new credit card. The Gold card brings us one step closer to the goal of giving everyone better access to the financial system.

Interested in getting a Robinhood Gold card? Click here to join the waiting list.

Featured photo by GeorgeRudy

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

Disclosures:

Some limitations or conditions may apply. Must have Robinhood Financial brokerage account to redeem cash back. See rewards program terms for details. Rewards program terms are subject to change.See full rates and fee details. Subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc. (RCT), and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. The Gold Card requires an annual Robinhood Gold subscription to apply and maintain the card and does not include a 30 day free trial. Robinhood Gold is offered through Robinhood Financial LLC (RHF) and is a subscription offering premium services for a fee. RHF (member SIPC) is a registered broker dealer. RCT and RHF are subsidiaries of Robinhood Markets, Inc. (Robinhood).Terms and limitations apply to the referral program. Subject to approval for the credit card to be eligible to receive the solid gold card. While supplies last. There is a limited amount of cards and when we run out, everyone will get the cash equivalent.See Visa benefits terms for details.

Contact Details

Benzinga

+1 877-440-9464

info@benzinga.com

Company Website

http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/1-million-users-join-the-waitlist-for-robinhoods-new-gold-credit-card-within-a-month-whats-behind-the-hype-471002035

Benzinga

comtex tracking

COMTEX_451830816/2655/2024-05-03T08:48:03

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

QuickBooks File Repair: Essential Steps to Restore and Protect Your Financial Data

Published

on

Brandon, MB, 22nd November 2024, ZEX PR WIRE, QuickBooks file repair is often necessary when a QuickBooks company file becomes corrupted or damaged. This can happen due to various reasons, such as system crashes, large file sizes, network issues, or power outages. Corrupted files can lead to issues like missing data, error messages, or QuickBooks freezing unexpectedly, so it’s essential to address these problems quickly to maintain data integrity.

As a QuickBooks company file grows, it can become more prone to corruption and performance issues, especially in older versions of QuickBooks that may not handle large files as effectively.

If multiple users are working on the same file over a network, disruptions in network connectivity can lead to file corruption. System crashes, power outages, or abrupt QuickBooks closures can cause file damage, as data may not be saved or closed correctly. 

The QuickBooks File Doctor is a free tool from Intuit that scans and repairs corrupted QuickBooks files. It addresses common issues and can resolve error messages related to data corruption, network issues, and Windows permissions.

The Rebuild Data utility within QuickBooks Desktop can fix minor data issues. This tool scans the file for errors and attempts to repair them automatically. To access it, go to “File” > “Utilities” > “Rebuild Data.”

If file size is the cause of corruption, condensing the data may help. The Condense Data utility reduces file size by summarizing older transactions, which can make the file more manageable and reduce the risk of future corruption.

If the file is significantly damaged, restoring from the most recent backup can often be the quickest solution. QuickBooks allows users to create regular backups, so if you’ve been backing up your data, you may be able to restore it without losing much information.

For severe file corruption, or when standard tools fail, contacting a QuickBooks file repair specialist may be necessary. Professional services can often repair damaged files without data loss, restoring the integrity of financial records.

QuickBooks file repair is crucial to prevent data loss and keep financial records accurate. Regularly backing up data, monitoring file size, and maintaining a stable network connection can reduce the risk of file corruption, ensuring smoother, uninterrupted use of QuickBooks.

Visit https://quickbooksrepairpro.com/quickbooks-data-recovery.aspx for more information.

About QuickBooks Repair Pro

QuickBooksRepairpro.com is a leading QuickBooks File Repair and Data Recovery, QuickBooks Conversion, QuickBooks Mac Repair, and QuickBooks SDK programming services provider in North America, serving thousands of business users all over the world. With over 20 years of experience with Intuit QuickBooks, QuickBooksRepairpro.com assists QuickBooks users and small businesses with a variety of services and work with the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).

For more information, visit https://quickbooksrepairpro.com/

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

QuickBooks SuperCondense reduces file size more drastically than standard condensing, resulting in faster load times and smoother navigation

Published

on

Brandon, MB, 22nd November 2024, ZEX PR WIRE, QuickBooks SuperCondense is a specialized process used to significantly reduce the size of large QuickBooks company files, helping improve software speed and stability. Over time, QuickBooks files can become sluggish as more transactions are recorded, leading to delays, errors, or even corruption issues. A SuperCondense, which goes beyond the built-in “Condense Data” utility, can help resolve these issues by reducing file size by up to 80%.

Large file sizes can cause QuickBooks to slow down, affecting user productivity and increasing the chance of crashes. SuperCondense reduces file size more drastically than standard condensing, resulting in faster load times and smoother navigation.

Smaller files are less prone to corruption, which can occur when QuickBooks attempts to handle oversized files. SuperCondense helps protect data integrity, reducing the need for frequent repairs or data recovery.

Moving large QuickBooks files to QuickBooks Online can be challenging due to file size limits. SuperCondensing your file before migration ensures it meets size requirements, allowing for a seamless transition to the cloud.

Smaller files are easier to back up and store, reducing storage costs and simplifying data management processes.

During SuperCondense, older or inactive transactions are summarized, and unused items (like vendors or customers) are removed or archived. Unlike the regular condense process, which may only summarize old transactions, SuperCondense minimizes every aspect of the file, providing a more compact and efficient end result.

QuickBooks users can use professional services for a SuperCondense process, as it’s not included in the standard QuickBooks software. These services ensure a smooth reduction process while preserving essential data, helping businesses maximize QuickBooks performance without losing historical information.

SuperCondense is an effective way for businesses to optimize their QuickBooks files for faster, more reliable performance. By reducing file size significantly, businesses can enjoy a smoother QuickBooks experience, better data protection, and simpler cloud migration, making SuperCondense a valuable option for those dealing with large, sluggish files.

https://e-tech.ca/Quickbooks-Super-Condense-Service.aspx has more information.

About E-Tech

Founded in 2001, E-Tech is the leading file repair, data recovery, and data conversion services provider in the United States and Canada. The company works to stay up to date on the latest technology news, reviews, and more for their customers.

For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at Melanie@e-tech.ca. 

To learn more about the company, visit: www.e-tech.ca

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

GlobalTradeAxis.com Redefines the B2B Marketplace with Genuine Business Opportunities

Published

on

Summary: GlobalTradeAxis.com, a top-notch platform addressing the biggest challenge businesses face: generic inquiries that fail to convert into meaningful opportunities and aims to transform the B2B marketplace with authentic inquiries and real connections.

To address the latest approach, GlobalTradeAxis.com is set to revolutionize the B2B marketplace with authentic inquiries and real connections. Spearheaded by CEO Deepak Chaudhary, GlobalTradeAxis offers a visionary solution designed to transform the way buyers and sellers connect globally.

A vision born from real experience, Deepak Chaudhary, the CEO of Global Trade Axis, explains, “After exploring various marketplaces and listening to countless clients, one recurring issue became evident: businesses were inundated with generic inquiries that rarely turned into actual opportunities. We created Global Trade Axis to solve this problem by verifying every inquiry, removing junk leads, and ensuring urgent buyer needs are matched with the right sellers.”

Here are some features that stand out Global Trade Axis.com in the B2B marketplace, including:

  1. Authentic and Relevant Inquiries: Every inquiry on the platform is rigorously vetted to eliminate junk, ensuring businesses receive high-quality leads that are genuinely interested in their offerings.
  2. Instant Matches for Urgent Needs: GlobalTradeAxis uses smart algorithms to quickly connect buyers with sellers who can fulfill their urgent requirements, saving time and increasing efficiency.
  3. One Platform, All Solutions: From sourcing raw materials to expanding product reach, the platform offers a complete ecosystem for businesses to thrive.
  4. Client-Centric Innovation: By addressing real-world challenges faced by buyers and sellers, GlobalTradeAxis provides a solution that goes beyond being just another listing site.

By solving problems with one platform, Global Trade Axis’s vision is clear to create a platform that eliminates the inefficiencies and frustrations of traditional marketplaces. “We believe businesses deserve more than just a directory of contacts. They need a reliable partner that provides verified connections and real opportunities,” he said.

Whether they’re a buyer seeking reliable suppliers or a seller looking to expand their market reach, GlobalTradeAxis.com is their go-to solution for meaningful business connections. It’s time to move beyond the clutter of generic inquiries and embrace a smarter, more effective way to trade.

Visit GlobalTradeAxis.com today and discover the future of global B2B trading.

About Global Trade Axis:

GlobalTradeAxis is a leading B2B platform founded by Deepak Chaudhary with the vision of solving marketplace challenges through innovation. By combining verified inquiries with user-centric technology, the platform bridges the gap between buyers and sellers, creating a seamless global trading experience.

Company Name = Global Trade axis

Contact Person = Deepak Chaudhary

Contact Email = enquiry@globaltradeaxis.com

City = New Delhi

State = India

Website link: http://www.globaltradeaxis.com/

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST