Robinhood rolls out $695 Platinum Card as it hunts wealthy clients and family money
Robinhood launched a $695-a-year Platinum credit card and new family and wealth-planning features, including custodial and trust accounts. Shares fell 3.6% to $79.27 Thursday after rising the previous day ahead of the announcement. The Platinum card is invite-only and offers travel, dining, and wellness perks. Robinhood aims to attract wealthier clients and reduce reliance on trading revenue.