"Robinhood Expands Beyond Trading with New Fee-Free Credit Card"
Robinhood, known for commission-free trading, is launching a credit card for US consumers, offering 3% cash back on all purchases with no annual cost or foreign-transaction fees. The company aims to expand its financial-services offerings and become a broader financial-services company. This move follows its expansion into retirement products and zero-fee brokerage services in the UK. CEO Vlad Tenev stated that the goal is for all customers to hold their assets in Robinhood and for all transactions to go through the platform.