The 3% credit card is fine. I always redeem just for cash and never do the loot box thing. It is annoying that the credit card and the stock trading are on separate apps but you might be in the minority that want it that way. It is somewhat arbitrary how they don’t pay the 3% if they think you are manufacturing spending, as some people on Reddit have reported being denied the bonus for purchasing gold at Costco. Taxes is definitely a hard block on the Robinhood credit card.
As stated in the WSJ article, they are getting more revenue on crypto and options, which makes sense. Options trading is free, while most of their peers still charge, but I am sure they are making the same cut and some more from payment for order flow on thinly traded options. I do run an un-Boglehead wheel strategy on Robinhood (sell puts, get delivered the stock, sell calls, give it back, rinse and repeat) and I do feel that sometimes offers in the middle of the bid ask zone are not shown to the full market. If you just buy highly liquid ETFs then PFOF doesn’t matter since the bid ask spreads are so low and the market moves so quickly anyway.
I wanted to turn off Kalshi and futures after approval but was told I had to message support. There is no way to temporarily disable it with a switch like you could margin. Even sportsbook apps have a way to set a cooling off period. I think I have good self control but there are times where I want to grab the app and purchase an events contract on a whim. I’ve learned that watching the odds fluctuate in real time while the TV broadcast catches up to the live action is just as entertaining and a lot cheaper.
As stated in the WSJ article, they are getting more revenue on crypto and options, which makes sense. Options trading is free, while most of their peers still charge, but I am sure they are making the same cut and some more from payment for order flow on thinly traded options. I do run an un-Boglehead wheel strategy on Robinhood (sell puts, get delivered the stock, sell calls, give it back, rinse and repeat) and I do feel that sometimes offers in the middle of the bid ask zone are not shown to the full market. If you just buy highly liquid ETFs then PFOF doesn’t matter since the bid ask spreads are so low and the market moves so quickly anyway.
I wanted to turn off Kalshi and futures after approval but was told I had to message support. There is no way to temporarily disable it with a switch like you could margin. Even sportsbook apps have a way to set a cooling off period. I think I have good self control but there are times where I want to grab the app and purchase an events contract on a whim. I’ve learned that watching the odds fluctuate in real time while the TV broadcast catches up to the live action is just as entertaining and a lot cheaper.
Statistics: Posted by calwatch — Wed Nov 26, 2025 12:32 am — Replies 6 — Views 575