Robinhood launches agentic trading and credit card for AI agents with 3% cash back

Robinhood announced that users can instruct AI agents to make purchases on their behalf using a virtual card linked to the Robinhood Gold card, which earns 3% cash back. The agent receives a separate virtual card that can be deleted at any time, distinct from the customer's actual card number.

Safety features include options to set a monthly spending cap on the agent and receive notifications when agentic transactions exceed a specified dollar amount. Robinhood also announced that users can engage in agent-based trading, instructing agents to execute activities such as portfolio rebalancing or buying stocks at specified prices.

Robinhood currently has around 700,000 Robinhood Gold customers. The company is positioning itself as the first big retail brand to offer agentic credit card shopping to its users, though payment firms like Stripe and Ramp and card networks Visa and Mastercard have already introduced related services.

Users must direct their agents to connect with Robinhood's MCP (a type of AI software that receives and understands agent commands) to make agentic purchases. The company is initially targeting tech-savvy early adopters.