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Tips, Tricks, & Advice

Robinhood: Where's my credit card bruh?!?

Robinhood: Where's my credit card bruh?!?

by John Roman

A month ago


Let’s talk about Robinhood and its “new” credit card, or rather, the credit card that’s still mysteriously MIA for a bunch of us who’ve been patiently waiting since early this year.

Back in January, Robinhood really went big, announcing all kinds of new features and perks tied to their Robinhood Gold membership. Some of these offerings, like the brokerage account with a juicy 5% interest rate (now 4.5% after the latest Fed adjustment), were enough to make any investor take notice. Plus, it wasn’t just lip service. Robinhood was stepping up, even luring in folks like me who had previously only used the platform for options trading. And yeah, I signed up for Robinhood Gold because the interest would easily cover the membership fee.

But the real kicker? The thing that got me genuinely hyped was the promise of a 3% cashback credit card. As someone who splits spending across Delta and Marriott cards for loyalty points and throws the rest onto various cash-back cards, that extra 1-1.5% would be a game-changer. I mean, imagine a no-fee card that could stack even more savings. Sign me up! So, I joined the waitlist for this Robinhood credit card, referred a few friends, and waited with high hopes.

From Big Promises to Radio Silence

Robinhood had the stage, they had the momentum, and they even had some loyalists ready to jump on their new products and offerings. On top of all this, they were pushing hard to get people into their 401k and IRA products. I was so confident in their direction that I even bought some Robinhood stock—and hey, it's up 48% since April. Not too shabby. But as the months ticked by, the excitement has faded, and here we are in October. I’m still waiting for that elusive Robinhood credit card. No card, no update, no idea if it’s even real at this point.

Honestly, it’s not that hard to drop an email update now and then, right? We’ve got people out here wondering if this credit card even exists while Robinhood stays silent. There’s zero communication, and for a company that made such a loud entrance, the silence now feels way louder.

Robinhood’s Communication: A Masterclass in What Not to Do

Here’s the deal: when you launch something big and get people to invest in your idea, you have to set realistic expectations and communicate well. This is Basic Product Rollout 101, and Robinhood is flunking it. The worst part? This is a self-inflicted wound. They’ve taken a crowd of excited customers, willing to give them their loyalty and attention, and turned that energy into frustration just by not keeping us in the loop.

For a company with such bold ambitions, they’ve ended up making a classic rookie mistake. Robinhood has essentially handed us an unnecessary negative experience. And all it would have taken to avoid it is some decent communication—maybe an email update, or a blog post detailing the rollout process. Even a short message saying, “Hey, we're still working on it, thanks for being patient,” would have gone a long way. Instead, we’ve got people trading rumors online about whether anyone has actually received this mysterious credit card.

Setting Expectations Should Be Part of the Rollout, Not an Afterthought

When you’re rolling out a product, the communication plan needs to be just as solid as the product itself. You can’t hype up an audience, get them onboard, then ghost them for months. That’s a recipe for creating frustrated customers who will gladly jump ship when someone else offers something better.

And Robinhood isn’t some new startup—there’s no excuse for “straight-up amateur hour” here. This lack of communication has turned what could have been a powerful product rollout into a lesson in disappointment. You want your customers “sticky,” not on the verge of looking elsewhere because you’ve failed to keep them in the loop.

So, What’s Next?

Am I about to sell my Robinhood stock over this? Nah, I’m not that dramatic. But I might sell the initial investment and freeroll the profits. Am I still going to use the credit card if it eventually shows up? Sure, but now my enthusiasm is lukewarm at best. If another company rolls out a 3% cashback offer, it’ll be easy to switch, and Robinhood has no one to blame but themselves.

In the end, if you want to retain customers, you don’t just need the best product—you need to treat customers how you’d want to be treated. That means setting realistic expectations and, above all, keeping the lines of communication open.

So here’s my advice, Robinhood: Don’t let communication be an afterthought. When people are invested in your brand, communicate with them. Or else, just like that elusive credit card, those customers might disappear.

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