Robinhood's cashback rewards program gives you money back on purchases across multiple categories, with the highest returns on travel and dining. The 10% cashback on hotels and car rentals is the headline offer, and it is the best choice for anyone planning a trip and booking accommodation or ground transport through the Robinhood app.
If you're booking a hotel or car rental, the 10% cashback on hotels and cars is your top option. This applies only to purchases made through the Robinhood Banking app, so make sure you are using the app at checkout to qualify.
If you're booking a flight, the 5% cashback on flights takes the lead instead. Like the hotel and car offer, flight cashback requires the Robinhood Banking app for the purchase to count toward your reward.
If you're a frequent diner, the 5% cashback on dining works well up to $50,000 in annual restaurant spending, then drops to 1% after that threshold. Keep in mind that dining includes restaurants, takeout and delivery, though some merchants, like cafes inside retail stores, may not be categorized as dining and so won't earn the bonus. This offer applies across all Robinhood channels, not just the app.
If none of these categories match your spending, the 3% cashback across the board applies to anything you buy with Robinhood. This is a more general reward rate that covers purchases that don't fit the higher category bonuses.
If you want access to premium features, Robinhood offers a Gold Subscription for $5 per month, which reduces the cost of accessing the company's online services. This is worth considering if you use Robinhood's platform regularly and value the included benefits.
If you are a new customer, sign up for the newsletter to learn about special offers and promotions. This can give you a head start on available deals before your first purchase.
To get the most from Robinhood, stack your offers by using the highest cashback rate that applies to what you are buying. When you are booking travel, use the 10% on hotels and cars or 5% on flights through the app. When you are dining, use the 5% dining rate. For everything else, you'll earn the 3% base rate. All cashback is applied at the time of purchase, so compare the rates across categories and plan your bookings to match the highest available reward.