Finally Off the RH Gold Card Wait List

[Patient957]

I decided not to go for it when it was available on CK.  But I have been thinking about upping my CB game.  RH Gold is $50 per year, so it's not a no AF card.  Do I want this or not?  Can't decide.  I'd have to put 5K per year on it to justify it's use over a no AF 2% catchall.  $400+ per month.  Just to break even.  Hmm.

Anyone want to talk me into it?  Or out of it?

Leaning no.

[ptatohed]

Personally, I won't do business with Robinhood ever again (long story, but I had bought a few thousand in crypto and they froze my account when I tried to transfer out cash that I had transferred in, put me under review, kept moving back their decision date, meanwhile I am giving them everything they asked for, frozen for weeks, then they just sold my crpto and transferred all my money out and closed my account).  

But, that's easy for me to say when I have other 3% options - Smartly 4%, AOD 3% with cap, heck, even citi Double Cash 2% + 1% when paid with a debit card.  There's also the 3% Aven card.  If I had no other 3% options, who knows, maybe the RH 3% would look good.

But, for you, I'd say skip it but, do consider this.  What if you could get $50+ of value out of the $50/yr RHG membership?  Don't they have a 2 - 3% IRA match?  Not a bad benefit.  You'd cover your annual membership fee in no time.        

[GZG]

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@Patient957 wrote:

I decided not to go for it when it was available on CK.  But I have been thinking about upping my CB game.  RH Gold is $50 per year, so it's not a no AF card.  Do I want this or not?  Can't decide.  I'd have to put 5K per year on it to justify it's use over a no AF 2% catchall.  $400+ per month.  Just to break even.  Hmm.

Anyone want to talk me into it?  Or out of it?

Leaning no.

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 I'd lean no as well

anything that might be construed as "business spend" will either get your rewards revoked or the card nerfed to 1% or your account closed entirely 

no reason to have a card where a shark is watching over every transaction just waiting for you to give them a reason not to pay you out

[Stuart89]

If you can get that solid gold card, it might be worth it! But if you’re on the fence as is, you should probably just trust your gut and go with the no fee alternative.

[Patient957]

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@ptatohed wrote

But, that's easy for me to say when I have other 3% options - Smartly 4%, AOD 3% with cap...       

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I saw you mentioned in another thread that joining AOD involves lots of hoop jumping.  I'm an avid mountain biker, so no problem with that particular requirement.  But what other hoops could I expect if I were to try to join?

[ElvisCaprice]

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@Patient957 wrote:

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@ptatohed wrote

But, that's easy for me to say when I have other 3% options - Smartly 4%, AOD 3% with cap...       

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I saw you mentioned in another thread that joining AOD involves lots of hoop jumping.  I'm an avid mountain biker, so no problem with that particular requirement.  But what other hoops could I expect if I were to try to join?

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I would rather, and have, the AVEN & Robinhood for 3% CC's.  With AVEN, no hard pull unless approved, 1% extra for SUB on first 10k with referal.  With Robinhood, you get the preapproval, just lock down Experian for no hard pull.  Easy to make back that $50 subscription fee if you use the RH platform and then some.  If one gets nerfed or isn't working on a trip, pull out the other one.

[ptatohed]

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@Patient957 wrote:

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@ptatohed wrote

But, that's easy for me to say when I have other 3% options - Smartly 4%, AOD 3% with cap...       

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I saw you mentioned in another thread that joining AOD involves lots of hoop jumping.  I'm an avid mountain biker, so no problem with that particular requirement.  But what other hoops could I expect if I were to try to join?

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It's been a while.  But I remember a selfie with the date and 'AOD' written on a piece of paper.  I think a few paycheck stubs.  Docusign.  Needing to join a club and then cancel.  Etc.

[Patient957]

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@ptatohed wrote:

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@Patient957 wrote:

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@ptatohed wrote

But, that's easy for me to say when I have other 3% options - Smartly 4%, AOD 3% with cap...       

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I saw you mentioned in another thread that joining AOD involves lots of hoop jumping.  I'm an avid mountain biker, so no problem with that particular requirement.  But what other hoops could I expect if I were to try to join?

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It's been a while.  But I remember a selfie with the date and 'AOD' written on a piece of paper.  I think a few paycheck stubs.  Docusign.  Needing to join a club and then cancel.  Etc.

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The dated AOD paper sounds a little weird, but otherwise not too bad.  Thanks for the info.

[Patient957]

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@ElvisCaprice wrote:

  Easy to make back that $50 subscription fee if you use the RH platform and then some. 

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I will take a look at that and reconsider.

  With Robinhood, you get the preapproval, just lock down Experian for no hard pull.  

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So, unlock EX -> Preapproval -> lock EX -> Hit apply?

[ElvisCaprice]

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@Patient957 wrote:

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  With Robinhood, you get the preapproval, just lock down Experian for no hard pull.  

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So, unlock EX -> Preapproval -> lock EX -> Hit apply?

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yup, you got it, more like accept for apply.