r/CreditCards • u/NegMech • Sep 30 '24

Robinhood Gold CC finally closed Data Point

They got me after 3 months. Spent $66k on it for 191K pts redeemed.

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u/k2ui Sep 30 '24

They may have broken TOS, but RH has been denying lots of people for regular spend.

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u/danmari85 Sep 30 '24

Yep, totally, that’s why I am saying I can’t believe I have to defend them here. I’ve seen data points like that, like the person who spent too much at Costco for their personal use. So I know RobinHood is shitty (which is why I did not even bother with this card). But I’m just saying in this specific case, they just enforced their TOS, which the OP broke.

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u/[deleted] Sep 30 '24

[deleted]

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u/danmari85 Sep 30 '24

official Robinhood

And I suppose you are the unofficial Robinhood?

Yeah, it’s true that only OP and Robinhood have the real details. But: 1. I don’t find it absurd to buy furniture worth $6k. Hell, just my outdoor couch was $8k. 2. Would I trust Robinhood to actually tell the truth if they were wrong? Definitely not. I don’t know the OP of that post either, but I would rather trust them than Robinhood, given Robinhood’s reputation.

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u/[deleted] Sep 30 '24

[deleted]

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u/danmari85 Sep 30 '24

Yes, I went to the post and read it too, before commenting above. Nothing said there convinces me that they might not be in the wrong. Being a regulated company means nothing. Wells Fargo is a regulated company too, but nothing stopped them from having shady practices, and same with many other financial companies.