Robinhood Launches 3% Cash-Back Card for AI Agents, Expanding to 700,000 Gold Users
Updated
Updated · Fortune · May 27
Robinhood Launches 3% Cash-Back Card for AI Agents, Expanding to 700,000 Gold Users
7 articles · Updated · Fortune · May 27
Robinhood now lets Gold cardholders assign AI agents a linked virtual card to make purchases, with agent-driven spending earning the same 3% cash back as regular card use.
Virtual card controls are central to the rollout: users can delete an agent’s card, cap monthly spending, and trigger alerts when transactions exceed a chosen dollar threshold.
The company is pitching early uses such as buying sneakers below $300 or booking hard-to-get restaurant reservations, but says the first wave is aimed at tech-savvy early adopters who can connect agents to Robinhood’s MCP software.
Robinhood also added agent-based trading, letting users set instructions for tasks such as portfolio rebalancing or buying a stock at a target price.
The launch makes Robinhood the first major retail brand to push agentic card shopping at scale, though merchant acceptance, fraud liability and consumer learning curves still threaten broader adoption.
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