Robinhood is now offering an uncapped 3% cash back card. Has anyone here gotten this card yet? This is the highest all-category card that I am aware of. I’m not familiar with the issuing bank (Coastal Community Bank), does anyone here have any past experience with them? I’m wondering how tolerant they will be of manufactured spending type activities.
Also, it is rumored that you will be able to deposit the cash back directly into a Roth IRA (coded as a bonus). This gives an additional tax benefit on top of the 3%.
Well now you have. I read about it on the 4chan finance board from some guy claiming that he works for robinhood. He explained that they are trying to poach people from Schwab and Schwabb allows Amex users to deposit the credit card rewards directly into a roth ira with no limit. I googled it and found that Schwab does indeed do this.