Were you able to cash out your rewards before the closed it?
1-800-SLOTH on
Hopefully this isn’t a case of a few ruining it for everyone. Sometimes, you have to navigate the system creatively, and I’m glad you got the cashback!
Miserable-Result6702 on
Makes perfect sense when you realize the card was designed as a loss leader and that’s it sole purpose was to get customers into their Gold program. It was never intended to be a long term value product and once internal sales numbers are reached, it will disappear or be severely nurfed.
k2ui on
RH reverting to their (shitty) mean. Not surprised. Great job extracting some good value while it lasted though.
pradise on
I wonder what you bought. These posts come up every now and then and it’s usually people end up abusing their terms and conditions.
What kind of transactions did you have? Did you buy things with the Robinhood card and then return to a different VISA? You mentioned at another comment you figured this would happen eventually. People with no reason to worry don’t cash out their points weekly to avoid losing value in case their account’s closed.
Camdenn67 on
Whenever a cc is shut down by an issuer, there’s usually a very good reason for it.
Most people that make a posting about this happening to them are just seeking moral support for doing something totally wrong / abusive with the card.
8 Comments
What was your credit limit?
Did they give a reason?
Were you able to cash out your rewards before the closed it?
Hopefully this isn’t a case of a few ruining it for everyone. Sometimes, you have to navigate the system creatively, and I’m glad you got the cashback!
Makes perfect sense when you realize the card was designed as a loss leader and that’s it sole purpose was to get customers into their Gold program. It was never intended to be a long term value product and once internal sales numbers are reached, it will disappear or be severely nurfed.
RH reverting to their (shitty) mean. Not surprised. Great job extracting some good value while it lasted though.
I wonder what you bought. These posts come up every now and then and it’s usually people end up abusing their terms and conditions.
What kind of transactions did you have? Did you buy things with the Robinhood card and then return to a different VISA? You mentioned at another comment you figured this would happen eventually. People with no reason to worry don’t cash out their points weekly to avoid losing value in case their account’s closed.
Whenever a cc is shut down by an issuer, there’s usually a very good reason for it.
Most people that make a posting about this happening to them are just seeking moral support for doing something totally wrong / abusive with the card.