[Endri]

I have been approved for the robinhood gold card and used it for 3 months. 0 international fees and 3% cashback on everything, money is redeemed immediately on your brokerage account or as statment credit. And you get the 3% even abroas.

Honestly, it’s so good to be true that i keep asking myself where is the catch.

Can anyone tell me where the catch is so I can protect myself in the future?

[Rick]

Cash back cards have little to no catch.
As long as you ignore points sign up rewards and their best reward leverage.

I have achieved $4k spend ($120 with 3% cash back) to get 100k UR points from chase to then use 8k points to get a hotel night in Toronto worth $190 leaving 92k points to use.

Cash back has its place but it is not the ultimate earner outside of comparing to cards earning near no rewards.

[Wilson]

Also, US Bank released a card that can earn up to 4% back on all spend. Some more hoops to jump through like opening up a couple of accounts and keeping cash and/or investments with them.

[Author]

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