Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher Wednesday after the company announced its new credit card, the Robinhood Gold Card, at its first-ever keynote event.
What Happened: Robinhood held its first-ever "Robinhood Presents" event focused on "The New Gold Standard" Tuesday night. The company launched a new credit card available exclusively to Robinhood Gold customers.
Robinhood’s new credit card offers 3% cash back on all categories with no annual fees and no foreign transaction fees. Card users can also earn 5% back on travel purchased through the new Robinhood travel ...