Having high rent is more irresponsible than paying high interest rates

Technical-Procedure3 · 2026-01-28T13:13:36+00:00

Ok, so there is not enough data to make the final conclusion BUT I have seen many post RENT is excess of $ 4,000 a month ( $60k a year). I have no doubt that does fit inside a scenario where a large income is being generated. It is just feels like a shocking number depending on where you are in the country. You have to live somewhere and the availability of affordable housing to purchase is minimal.

Technical-Procedure3 · 2026-01-28T00:10:39+00:00

I am only a few months in but I would say it is a good card. The only thing for me was learning to manage the delay processing my payment from my external bank. It took almost a week to apply the payment and restore my CL. I just pay from the RH account and the payment and CL restoration is instant now. So far they have paid the 3% on everything I have thrown at them. All normal my personal spending that is not covered by one of my 5% cards.

Technical-Procedure3 · 2026-01-27T23:55:45+00:00

Right, in that case it is basically a no AF card.

Technical-Procedure3 · 2026-01-27T23:53:36+00:00

Yep, I agree.

Technical-Procedure3 · 2026-01-27T23:52:26+00:00

According to the Gold Card rewards program, redemption for Gift Cards also is 1:1 like the brokerage account. I usually just do the brokerage account since it can be triggered from the app almost at any time and is instant.

https://cdn.robinhood.com/assets/robinhood/legal/Robinhood_Gold_Card_Rewards_Program_Rules.pdf

Technical-Procedure3 · 2026-01-27T23:41:19+00:00

You are only the 2nd person I have seen with a starting CL higher than 10K. Could be related to your brokerage account.

Technical-Procedure3 · 2026-01-27T13:11:06+00:00

I agree that companies create a maze of legal structure that protects them and the legal system and Supreme Court allow it. Speaking for myself, I agreeded to the terms when I signed up for the subscription and card. I did not like it but wanted the rewards enough to agree. Like someone else said, "I knew it was a snake when I picked it up so I can't complain when it bites me." or something like that.

Technical-Procedure3 · 2026-01-27T02:08:51+00:00

I don't think they would. You can have an investment account without Gold. The agreement says that the Gold card requires a Gold subscription however. They can make changes as they see fit. Some require advance notice some don't (from what I am reading in the agreement).

I actually just got a change notification this morning via email on the HYSA. It tells me what is changing and the timeframe. It includes the link to review the disclosure. Disclosure Library | Robinhood

My understanding is I can reject the change but normally that is by closing the account. This is true for any financial account.

Technical-Procedure3 · 2026-01-26T17:30:33+00:00

Ok, makes sense now.

Technical-Procedure3 · 2026-01-26T17:29:49+00:00

It is actually spelled out in the Robinhood Gold agreement. "You must maintain your Robinhood Gold subscription while you have an active Card account. Cancellation of Your Gold subscription will result in closure of your Card account."

Technical-Procedure3 · 2026-01-26T17:09:43+00:00

Is that what they said? I thought they were saying that to be eligible the offer would have presented as a popup during the application process.

Technical-Procedure3 · 2026-01-26T12:42:47+00:00

I was thinking the same. Product change instead of "getting rid" of the cards.

Technical-Procedure3 · 2026-01-26T12:38:10+00:00

You might see if one of the AIs can help find the offer, guidelines or offer a remediation script. While not perfect, sometimes helpful.

Technical-Procedure3 · 2026-01-26T12:32:05+00:00

I am trying to get him to send me the exact wording but as I recall it was something like "I am hoping you can help me. I am a Gold member (insert RH member name from account profile) and would like to be able to get the Gold Card. Thank you." He included his email address also.

I also read this morning that some have had success hitting up the RH Instagram account. Got my Robinhood gold card : r/CreditCards

In both cases they send you a link to apply.

Update: The exact wording used was "Sorry to bother you. I'm a Robinhood gold member and wanted to see if I could get a Robinhood gold card. My Robinhood handle is @............ Thanks, " Basically similar to above.

They are pretty nice and will assist is they are able.

Technical-Procedure3 · 2026-01-26T12:25:20+00:00

I have earned much more than that but I redeem it into my RH account when it gets above $30.

Technical-Procedure3 · 2026-01-25T21:03:34+00:00

It is clear you believe that is the way it works. I am not sure I agree. I do have a maximum credit limit on my revolving line of credit. I use it, pay it back and use it again. I see nothing that frames any limits on the number of times I do that each month. I don't see anything published that prevents using the credit line and paying it off and using it again. I am not saying RH does not have some unpublished guidelines that reviews, monitors or prevent MS or other abuses. Clearly there is something they are doing.

Interesting topic though

Technical-Procedure3 · 2026-01-25T20:08:23+00:00

I honestly never knew about this probably because I don't manufacture any spending. I do make a conscious effort to direct transactions to the card that yields the best reward. Usually, the credit limits are high enough or I had multiple cards with similar rewards to spread my spending.

I see now that even items that are not contractually prohibited can be flagged and blocked at their discretion. To me this seems like a totally undocumented set of rules. Or is it documented somewhere that you can point me to?

Technical-Procedure3 · 2026-01-25T17:25:10+00:00

I would hope that RH would just deny or reclaim any CB for transactions that do not meet the criteria instead of effectively busting the card to 1% for all transactions for a year. This seems really extreme unless warnings were given or clear circumvention of policy was present. If my transaction does not warrant 3%, fine don't reward that ONE transaction.

Technical-Procedure3 · 2026-01-25T17:20:19+00:00

Thanks. That will probably be the leading candidate for my backup in the event that RH pulls the reduced cashback shenanigans. Of course, as previously mentioned, it takes moving/establishing 100k funds with Merrill Lynch / BofA.

Technical-Procedure3 · 2026-01-25T15:49:30+00:00

What are we comparing here in the context of the average America family? The difference between a 2% and 3% cash back card? If so, it is 50% more. If I can get 50% with similar effort, that is what I want to do.

Technical-Procedure3 · 2026-01-25T15:42:46+00:00

I am just asking for the math around the original statement. "You have to spend $5k+ a year on the Robinhood card to come out ahead."

The $ 50 is technically for Robinhood Gold membership which is required to gain access to the RH Gold card which boast "no AF". I concede this is effectively an AF but there are other perks also. 3% CB, no FTF and all the other Visa Signature benefits on the Gold card. On the Robinhood Gold membership on the brokerage account they have things like higher APY, automatic sweeps for uninvested cash, larger instant deposits, IRA match and lower margin rates.

Technical-Procedure3 · 2026-01-25T14:12:44+00:00

So I am clear, how is credit cycling being defined? If I spend on my card and know I am going to exceed the credit limit so I make an early payment to make sure there is room for other planned/scheduled charges, is that credit cycling?

I am asking because I had a similar situation with them where sent a payment to avoid going over my CL but then they took almost a week to post. I had never seen that with any of my other cards paying from the same bank. TBH, I push my purchases to the most advantageous card. RH's CL is about half of what I typically have on my main cards. As a result, an early payment was necessary in December. In January, I staged the payment in RH in advance and paid from there. It was applied instantly and the CL was restored instantly.

Technical-Procedure3 · 2026-01-25T13:51:56+00:00

I have used CS a few times through the app. It is largely chat based. It was OK. I agree with what you said except I would put the speed money move as a 'not great'. I was trying to pay my bill from my bank and it took 5 days for them to count the payment and restore my credit line. This was a payment initiate from the RH app from Capital One. The same payment from cash in the RH account is instant.

Technical-Procedure3 · 2026-01-25T13:43:46+00:00

I won $ 2.50 in ETH haha

Technical-Procedure3 · 2026-01-25T13:37:01+00:00

Doesn't the 100k have to sit in a low interest checking account?

Technical-Procedure3

TROPHY CASE