X1 manufactures a stainless steel credit card that offers 3% cash back on all purchases and 5% on travel booked through its platform, catering exclusively to Robinhood Gold members. The card eliminates annual and foreign transaction fees while providing features like virtual card numbers for secure spending and family account management.
Funding
$648.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EFFounders
Product
Problem
Traditional credit cards often come with annual fees, foreign transaction fees, and limited cash back rewards, diminishing the value for frequent travelers and everyday spenders. Managing family spending and ensuring secure online transactions can also be cumbersome with standard credit card offerings.
Solution
The Robinhood Gold Card is a stainless steel credit card exclusively for Robinhood Gold members that offers a flat 3% cash back on all purchases, regardless of category. Cardholders earn an elevated 5% cash back on travel booked through the Robinhood Travel portal. The card eliminates annual fees and foreign transaction fees, maximizing value for users. It also provides virtual card numbers for secure online spending and tools for managing family accounts, including the ability to add cardholders of any age, track spending, set limits, and instantly lock lost cards.
Target Audience
The primary audience is Robinhood Gold members who are active spenders and travelers seeking a premium credit card with high cash back rewards and no fees, along with tools for managing family finances.
Features
- Flat 3% cash back on all purchase categories
- 5% cash back on travel booked through the Robinhood Travel portal
- No annual fee
- No foreign transaction fees
- Virtual card numbers for secure online transactions
- Family account management features, including adding cardholders of any age
- Spending tracking and limits for family members
- Instant card lock for lost or stolen cards
- Stainless steel card construction
- Visa Signature benefits, including trip interruption protection, purchase security, and auto rental collision damage waiver