A Robinhood card is a prepaid debit card that can be used at any place where a Mastercard is accepted. The card is linked to your Robinhood brokerage account, so you can easily use your Robinhood funds to make purchases or withdrawals. There are no fees for using the card, and you can get a physical or virtual card.
But to use the virtual card it is also a must to activate it. It is quite easy to get a debit card from Robinhood. But there are so many people who have no clue about the activation process. Keep on reading as here we will help you to know about the activation process for Robinhood cards in detail!
Steps to activate Robinhood debit card:
Step 1: Perform sign-up on the Robinhood app.
Step 2: To move to the “Cash tab” and navigate through the debit card.
Step 3: Find the option “Have you received your card?” and click on yes there.
Step 4: Click on “turn on spend alerts” and click on “turn on location protection.” All these options are optional but it is advisable to turn it “ON” so that you can get the updates.
How to use a Robinhood Debit card?
If you are a Robinhood customer, you may be eligible to receive a Robinhood debit card. The Robinhood debit card is a Mastercard debit card that can be used to make purchases anywhere that Mastercard is accepted. To use your Robinhood debit card, simply enter your PIN at any Mastercard-compatible ATM or point-of-sale terminal. You can also use your Robinhood debit card to make online purchases.
How to Check the Balance On your Robinhood Debit Card?
It is also important to keep a record of the amount available in your account. Well, when you wish to check the balance on your Robinhood debit card click on the “Cash tabular key”. This will help you to get the details about your debit card including CVV, expiry date, and so on.
How to change the pin of the Robinhood debit card?
For the sake of security, it is advisable to change your pin within 30 days. The steps to change the PIN of a Robinhood debit card are:
Step 1: Perform sign-up on the Robinhood app and move to cards.
Step 2: Click on cash management and choose the change pin option.
Step 3: Mention the pin and save the changes.
Benefits of using a Robinhood debit card:
There are so many benefits available to all the users utilizing the Robinhood card and these are as follows:
- Huge investment forum:
The Robinhood debit card is a great way to save on investment fees and make your money work harder for you. When you use the card, you’ll automatically be enrolled in the Huge investment forum, which gives you access to exclusive deals, tips, and resources. The forum is a great way to learn about new investment opportunities and get advice from experienced investors. You’ll also be able to connect with other Robinhood users and share tips and strategies. The Robinhood debit card is a great tool for anyone who wants to save on investment fees and make their money work harder for them.
- Bankruptcy protection:
Overdraft charges are something that concerned a user a lot. Well don’t worry with a Robinhood debit card there will be no need for you to think about it. As there are no fees for the rejected transaction either and all insufficient fund transactions will be restricted by it.
- No card recovery charges:
With Robinhood’s debit card, you won’t be charged any fees for card recovery. This can be a big benefit if you lose your card or if it’s stolen. With other cards, you may be charged a small fee to have your card replaced. With Robinhood, there are no such charges.
Conclusion:
Robinhood debit is a smart card that is one of the best choices for all the users around. There are so many benefits of using this card but one needs to be sure how to use it properly. For all the transactions one can consider it without any problem!