Robinhood has launched an invitation-only Robinhood Platinum credit card with a $695 annual fee, targeting high-spending, largely millennial users as it pushes to reposition itself from a meme-stock brokerage into a broader financial super-app. The card is issued by Coastal Community Bank, is plated with 99.9% pure platinum, and is initially available only to select users who request access, following the company’s earlier rollout of the lower-tier Robinhood Gold card.

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