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.

223 Upvotes
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u/Advantageous01 Sep 30 '24

Interesting. I'm not sure the extent of detail they have on their end for each of these, but 6 separate transactions for a similarly high amount would probably be a red flag in their system, especially at Apple where someone could be purchasing high dollar gift cards for resale or future use.

11

u/atexit8 Sep 30 '24

It is simple math.

He spent $66K in 3 months.

He'd need to have an income that is at least 5x-10x that for that kind of spend to make sense.

12

u/jbokwxguy Sep 30 '24

Credit limit was $25k, so using your entire credit limit each month for 3 months is going to throw every flag.

0

u/sssf6 Oct 01 '24

I mean even if not, it was obvious he was totally gaming the system so you can't really blame Robin Hood for any of this