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Can I earn rewards or cashback when using a Robinhood debit card for cryptocurrency purchases?

avatarAlexander AlonsoDec 18, 2021 · 3 years ago5 answers

Is it possible to receive rewards or cashback when using a Robinhood debit card to make purchases of cryptocurrencies? How does the rewards program work and what are the benefits?

Can I earn rewards or cashback when using a Robinhood debit card for cryptocurrency purchases?

5 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, you can earn rewards or cashback when using a Robinhood debit card for cryptocurrency purchases. Robinhood offers a rewards program called 'Robinhood Cash Management' which allows users to earn 0.30% APY on uninvested cash in their account. This cash can be used for cryptocurrency purchases, and you will earn rewards on those purchases. The rewards are credited to your account on a monthly basis.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! When you use a Robinhood debit card for cryptocurrency purchases, you can earn rewards or cashback. The exact amount of rewards or cashback you earn will depend on the specific terms and conditions of the rewards program. It's always a good idea to check with Robinhood for the most up-to-date information on their rewards program and how it applies to cryptocurrency purchases.
  • avatarDec 18, 2021 · 3 years ago
    Yes, you can earn rewards or cashback when using a Robinhood debit card for cryptocurrency purchases. However, it's important to note that Robinhood is not the only platform that offers this feature. Other platforms, such as BYDFi, also provide rewards or cashback programs for cryptocurrency purchases. These programs vary in terms of the rewards offered and the specific cryptocurrencies eligible for rewards. It's worth exploring different platforms to find the one that offers the best rewards for your cryptocurrency purchases.
  • avatarDec 18, 2021 · 3 years ago
    Definitely! When you use a Robinhood debit card for cryptocurrency purchases, you have the opportunity to earn rewards or cashback. Robinhood's rewards program is designed to incentivize users to make purchases using their debit card, including cryptocurrency purchases. The specific rewards and cashback rates may vary, so it's important to review the terms and conditions of the program to understand the exact benefits you can receive.
  • avatarDec 18, 2021 · 3 years ago
    Yes, you can earn rewards or cashback when using a Robinhood debit card for cryptocurrency purchases. However, it's important to note that the rewards program may have certain limitations or restrictions. It's always a good idea to review the terms and conditions of the program to understand the eligibility criteria and any potential limitations on earning rewards or cashback for cryptocurrency purchases.