Robinhood Markets, Inc. ($Robinhood Markets, Inc. HOOD$) shares surged 5.81% in pre-market trading to US$20.4 following the announcement of their entry into the US credit card business.
The company aims to deepen its foothold in personal finance by offering a credit card available exclusively to Robinhood Gold subscribers with no annual or foreign transaction fees. The card grants a 3% cashback on all purchases.
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