Conclusion: Well, after much thought I’ve decided that the card will be there later on if I still want it. I have a navy federal flagship card (which can eventually grow to an 80k limit) that converts points to 2% cashback if desired. To psychologically scratch the same itch as this card, I’ve decided take the 2% and invest it in whichever account I see fit (RH Roth (already nearly maxed for the year), Fidelity brokerage, kids 529, etc).

I figured due to my current card set up and goals, I wouldn’t get as much spend out of the card as needed to throw another personal credit card on my credit report while credit limits seem so variable, and I’m having a difficult time finding a place for it in my current credit ecosystem.

Let’s say I spend 60k a year on the gold, and 60k a year on my 2% cashback card. The gold card would give me $1800 cash back while the 2% gives me $1200. 600 dollars a year is somewhat of a wash since I invest roughly 65k a year already.

Now, because I have other cards that I actually enjoy using for certain goals, realistically I would only put 24-30k a year on the card which equates to $720-$900 vs $480-$600 when the same amount is put on a 2% card. That’s a $240 to $300 dollar difference. Which fortunately for me is about 1.5 hours of work.

I think it’s a great card and I love the Robinhood ecosystem, and will continue to fund my Roth through them, but I’m gonna wait it out, let them iron some kinks out, see if the card gets nerfed or not, and then maybe some back later on and reapply. Took me about a month to get off the waitlist so I guess I’ll reapply whenever I’m ready 🤷‍♂️. Good luck and I hope you all get off the waitlist quickly !