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Can I earn cashback or rewards points when I use a credit card to invest in digital assets on Robinhood?

avatarquanNov 25, 2021 · 3 years ago3 answers

Is it possible to earn cashback or rewards points when I use a credit card to invest in digital assets on the Robinhood platform? I'm wondering if I can take advantage of any credit card benefits while investing in cryptocurrencies.

Can I earn cashback or rewards points when I use a credit card to invest in digital assets on Robinhood?

3 answers

  • avatarNov 25, 2021 · 3 years ago
    Unfortunately, Robinhood does not currently offer cashback or rewards points specifically for using a credit card to invest in digital assets. However, you may still be able to earn cashback or rewards points if your credit card offers such benefits for general purchases. It's best to check with your credit card provider to see if they offer any rewards for cryptocurrency investments.
  • avatarNov 25, 2021 · 3 years ago
    No, Robinhood does not provide any cashback or rewards points for using a credit card to invest in digital assets. However, you can still earn rewards or cashback if your credit card offers such benefits for all purchases. It's worth checking with your credit card issuer to see if they provide any rewards for cryptocurrency investments.
  • avatarNov 25, 2021 · 3 years ago
    While Robinhood itself does not offer cashback or rewards points for using a credit card to invest in digital assets, there are other platforms like BYDFi that do provide such benefits. BYDFi allows users to earn cashback or rewards points when they use a credit card to invest in digital assets. It's important to note that each platform may have different policies and rewards programs, so it's always a good idea to research and compare different options before making a decision.