{"id":1956,"date":"2022-03-22T14:38:42","date_gmt":"2022-03-22T14:38:42","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/03\/22\/robinhoods-new-debit-card-will-automatically-invest-in-stocks-and-crypto-as-you-spend\/"},"modified":"2022-03-22T14:38:43","modified_gmt":"2022-03-22T14:38:43","slug":"robinhoods-new-debit-card-will-automatically-invest-in-stocks-and-crypto-as-you-spend","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/03\/22\/robinhoods-new-debit-card-will-automatically-invest-in-stocks-and-crypto-as-you-spend\/","title":{"rendered":"Robinhood\u2019s new debit card will automatically invest in stocks and crypto as you spend"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/3\/22\/22990636\/robinhood-cash-debit-card-new-round-upinvestment-rewards<\/a>
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Robinhood has announced a new debit card<\/a>, branded as the Robinhood Cash Card. The card will be linked to a spending account separate to users\u2019 brokerage accounts, and work for in-person and online payments as well as ATM withdrawals. The new card will replace Robinhood\u2019s current Cash Management debit card, originally announced<\/a> in 2019. <\/p>\n

The card\u2019s big new feature is the option for users to automatically invest in assets like stocks and crypto when spending money. Robinhood will round up transactions made using the card to the nearest dollar, and use that extra money to buy assets chosen by the user. So, you might spend $10.55 on a burrito bowl with your Cash Card, and Robinhood will round the payment up to $11 and use the extra $0.45 to buy Dogecoin or Ethereum (if you like). <\/p>\n

Similar \u201cspare change\u201d investing features are already offered by companies like Acorns.com and Stash.com. <\/p>\n

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