09:12 AM EDT, 03/27/2024 (MT Newswires) -- Robinhood Markets ( HOOD ) unveiled Tuesday its first credit card, the Robinhood Gold Card.

The company said the card offers a 3% cash back on all categories and a 5% cash back when booking through the company's travel portal. The card also has no annual fee and foreign transaction fees, Robinhood said.

Robinhood shares were up 7.5% in recent premarket activity Wednesday.

Price: 20.73, Change: +1.44, Percent Change: +7.49