Details
Written by: RJ
Robinhood has added a 3% foreign transaction fee to its Gold card. This will apply to new accounts opened on 7/1 onward. Existing accounts are exempt for the moment.
“Robinhood has introduced a new foreign exchange (FX) fee policy for the credit card. Starting 7/1, Credit will begin charging a new FX (foreign exchange) fee for customers who are onboarded on or after 7/1. Current credit card customers are not impacted by this change for now.”
Thoughts
Would assume this will eventually make its way to existing customers as well. Likely another move to either deter spending or recover costs.
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Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.