"Robinhood's Gold Card: A 3% Cash-Back Review"

Robinhood has launched a new credit card offering 3 percent cash back on all purchases, but its sustainability at this level is uncertain as the company's CEO declined to guarantee it. Most banks typically offer cash-back rates of around 2 percent, and Charles Schwab discontinued its 2 percent card in 2010. The card has no annual fee but requires a $5 monthly or $50 yearly fee to be part of Robinhood's gold program, which offers better interest rates and perks. While the 3 percent cash back is generous, the long-term viability of such a high rate remains to be seen.