Can I earn rewards or cashback when using a Robinhood virtual card for cryptocurrency purchases?

1 answers

• Abernathy RomeroJun 04, 2021 · 5 years ago
  Yes, you can earn rewards or cashback when using a Robinhood virtual card for cryptocurrency purchases. However, it's important to note that the rewards or cashback are not directly tied to the cryptocurrency purchases themselves. Instead, Robinhood offers a rewards program called Robinhood Cash Management, which allows you to earn interest on your uninvested cash. So, when you use your virtual card to make a cryptocurrency purchase, any uninvested cash in your account will start earning interest. The exact amount of cashback you can earn will depend on the current interest rate offered by Robinhood. It's a great way to maximize the potential of your uninvested cash while engaging in cryptocurrency trading.
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