The Robinhood Platinum Card is here (but we're not that excited about it)

1️⃣ 100,000-point offer ends on July 30 at 9 am EST 🚨

The time has come: the elevated 100,000-point bonus on the updated and improved Chase Sapphire Preferred ends on July 30 at 9 am EST. This is, quite literally, the last chance to take advantage of the best offer of the year on personal cards. 

Remember, we made a video with all the details you need to know about both the card updates and the elevated bonus. We've left it for you below. 

If you have any questions, let us know! And if you want to take advantage of this offer, we've shared our link. 

2️⃣ Is American Express eliminating the personal Green card?

From one moment to the next, the personal Green card from American Express disappeared from their website and is officially no longer accepting new applications. 

A few weeks ago, they sent a communication to holders of this card letting them know that it would change its name to “Classic Green Card” starting August 20, 2026. 

This suggests to us that perhaps, rather than being discontinued as such, there will be a major update and, in the meantime, it is closed to new applications. This possibly means a new annual fee, new benefits, and new multipliers. 

We would be very surprised if they discontinued it because, if that were the case, only 2 personal cards would remain within the American Express ecosystem earning Membership Rewards points. While other banks have considerably expanded their portfolios, Amex has been shrinking theirs… 🤔

3️⃣ The Robinhood Platinum Card is here (but we're not that excited)

After months of its initial announcement, Robinhood has sent out invitations to apply for its Platinum card. This is Robinhood's second card, following the Gold card (which still has many on the waitlist), and it is the “ultra-premium” version with a $695 annual fee. 

Now, this is not exactly the same card they announced in March. It seems people were not excited about the card at all, due to how coupon-heavy it was and the low flexibility to use those “coupons.” For example, a $250 annual DoorDash credit that could only be used $10 at a time, with a $50 minimum order. WTH? Who is going to pay for that. 😭

Which is why, even before launching it, they updated the benefits, and starting this week, invited users will be able to apply for it. 

The benefits of this card include:

• Robinhood Gold ($60 annual value)

• DoorDash Membership ($120 annual value)

• $120 annual DoorDash: $10 a month with no minimum required (much better than before)

• $250 annual dining credit: $20 a month (and $30 in January), valid at 15,000 participating restaurants

• $700 annual hotel credit through the Robinhood travel portal: $250 every 6 months and $100 to use at the property. Note, this $100 is also offered by American Express through Fine Hotels & Resorts and Chase through The Edit, but they are not marketed as “hotel credits.”

• $300 in flights: $150 every 6 months for flight bookings made directly with the airline or through the Robinhood travel portal

• $250 in Waymo: Up to $20 a month and $30 in December

• Global Entry/TSA Precheck: Up to $120 every 4 years

• Priority Pass Membership

• Function Health Membership

• Amazon One Medical Membership

• Whoop Membership with device included

As for the reward structure, this card will earn:

• 5% cashback on dining (up to $50k spent in a year)

• 10% cashback on hotels and rental cars booked through the Robinhood travel portal

• 5% cashback on flights through the Robinhood travel portal.

• 1% cashback on all other purchases

Important details to consider:

🚨This card offers NO welcome bonus

🚨You can only have either the Gold or the Platinum, not both

The benefits are not bad, but they are quite specific. We think it will be hard for users of the Amex Platinum or the Sapphire Reserve to switch or add the Robinhood Platinum, unless they genuinely value these credits above the cost of the card and want to take advantage of the 5% on dining. But without a welcome bonus, it's hard to make the move (in our opinion), 

On the other side, since you can only have either the Gold or the Platinum, we think most users will lean towards keeping the Gold card for obvious reasons: it has no annual fee (beyond the Robinhood Gold membership) and earns 3% on practically everything, which is almost unheard of in the credit card world.  

We'll see if this launch is a hit or a miss for Robinhood; only time will tell. 

4️⃣ Do your points/miles expire? What you need to know

The short answer is: it depends on the program.

A few weeks ago, a friend told me that her boyfriend lost all of his American Airlines miles because they expired, and it was a lot of them. I felt her pain because there really is no reasonable way to get them back (in the case of AA, you have to pay a fortune to do so).  

And a few days ago, I received an email from Flying Blue telling me that my miles would expire in September if I had no activity in the account. I logged in to check, and it's barely 400 miles, so I will probably let them expire, but if I wanted to, I could easily avoid it (more info below).

Normally, points, cashback, or miles on a credit card do not expire as long as you keep the card open and in good standing, but this is not always the case when our points transfer from our credit card to a specific loyalty program (an airline or a hotel), as each has its own rules. 

Some programs, like United MileagePlus or Delta Skymiles, state that their miles never expire, while others require you to have some type of activity every so often. For example, Marriott Bonvoy points expire after 24 consecutive months without eligible activity.

The good news is that keeping them active is usually quite simple. Depending on the program, it can be as easy as:

• Having an eligible co-branded card. 

• Transferring some points from a bank ecosystem (Chase, Amex, Citi, Capital One, Bilt, Wells Fargo).

• Buying points.

• Booking or completing a flight/stay. 

• Transferring points from another account. 

But watch out: do not transfer points from the bank just to prevent them from expiring without checking the rules first. Transfers to airlines and hotels are generally final, and once the points leave the bank, you cannot return them. 

Our recommendation is to check your balances at least once or twice a year, write down the expiration dates, and complete an eligible activity to avoid losing them.