Robinhood launches agentic trading, announces credit card for AI agents with 3% cash back
Robinhood has introduced agentic trading and a new credit card that allows users to instruct AI agents to make purchases on their behalf. The Robinhood Gold card offers 3% cash back on transactions made by these agents, who are assigned a virtual card for security. This initiative marks Robinhood as the first major retail brand to offer such a service, although challenges remain in merchant acceptance and user adaptation.
- ▪Robinhood users can now use AI agents to make purchases with the Robinhood Gold card.
- ▪The service includes safety features like spending caps and transaction notifications.
- ▪Robinhood is the first major retail brand to offer agentic credit card shopping.
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In the latest sign of AI’s growing footprint in online commerce, Robinhood announced on Wednesday that users can now instruct agents to make purchases on their behalf using the Robinhood Gold card. To illustrate the potential of agentic shopping, the company cited examples: “A sneakerhead can tell their agent to buy a coveted new release in their size whenever it drops below $300” and “A foodie can instruct their agent to book the most exclusive restaurant reservation in town as soon as their preferred date and time becomes available.”Recommended Video As a practical matter, the agent is not given the same card number as the customer’s Robinhood Gold card, but is instead assigned a related virtual card that can be deleted at any time.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
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