- Hey guys, I'm back again with another video
and today we're gonna be unboxing the Robinhood debit card.
This is been something I've been waiting for
for a really long time.
It's been about six months since I put myself
on the wait list and they finally reached out to me
and said that they were gonna send me the debit card.
So, I'm pretty excited to get into it.
If you haven't seen my Acorns debit card unboxing,
that one was pretty popular,
I'll leave a link in the description
or in the info card above,
if you wanna check that out.
But without further ado,
let's get into this unboxing.
(upbeat music)
And before we get into this,
I just wanted to say,
if you could follow me on Instagram,
I do post a lot of stuff revolving around personal finance,
business and I even talk a lot about the Robinhood
cash management app before I even did this video.
So if you could follow me there, that'd be awesome.
Yeah, basically when I went to go get the mail,
it came in this black envelope here,
looks pretty standard.
I thought it was actually just junk mail,
'cause it said it was pre-sorted,
so I was about to throw this away,
but luckily I didn't because the card was actually in here
and when I saw this green little pamphlet,
of course I instantly thought of Robinhood so
that was pretty cool.
But, essentially, the packaging, just first impressions,
it's definitely not as great as other credit card
or debit card unboxing's.
The Acorns debit card was a lot better
in terms of packaging for their debit card,
but just, message to Robinhood to step up
their packaging game here.
But opening up the green pamphlet,
you get the card attached,
if you guys can see that?
They basically say it's time to do more with money
and it says you can activate your card in the app,
spend, withdraw and invest and then earn interest
on the rest of that money,
which is pretty nice so the cool thing
about the debit card is basically any uninvested cash
that you have in your account,
it'll be on the cash management account
and that'll make about 0.30% APY as of the time
of this video.
Which is really nice, it's a lot more than a bunch of other
checking accounts that you may have,
so it's nice that you can earn a little bit of interest
on the money that you haven't invested yet.
So pretty excited to get into it.
Kind of dis-attaching this card here,
and gonna cover up the numbers of course.
But, I opted in for the black one,
if I can get a little closer here,
there's no numbers on the front.
I'll probably cut to a shot that's a little bit clearer here
but I opted for the black one,
I just thought it would be a little bit more cleaner,
there's a couple of other colors on there.
But I didn't really like 'em too much.
But first impressions of the card,
I mean, it's definitely not metal,
it's plastic and it's not as sturdy
as a lot of the cards I've had,
the Apple card and the Acorn debit card
was a lot thicker and more premium feeling than this one.
But really, essentially it doesn't matter too much,
it's really just about having that
cash management account.
And some other cool features about the card
is that there is no ATM fees.
So I was pretty centered with online banks,
you have no fees when you go to any ATM's.
Also, they use a couple of different banks
to be able to give you that 0.30% APY.
Obviously with the current situation
that we're in right now,
that interest rate probably won't go up,
but like I said, it's a little bit subject to change
so it could always go up, could always go down,
kind of have to take that into account.
But, I'm pretty excited to get this activated,
so I'm just gonna pull out my phone and get it started here.
So now I'm just gonna open up the Robinhood app
and I'll be sure to put the recording of my phone
on here as well.
But it should be fairly easy to activate here.
If I go to my cash management portion
and it's basically just asking me,
have I received my card?
If so, let's get activated and set your PIN,
if not we'll look into it.
Obviously I've received my card so I'm gonna hit yes.
Activate your debit card to you,
start using it nearly anywhere Mastercard is accepted
around the world,
and I'll hit continue there,
and of course I'm gonna set up my PIN.
Obviously gonna block that out, just in case.
And looks like here it says,
if I want to protect my location,
I'm sure I'll turn that on.
And that's pretty much it,
so the cards activated, looks like it's ready to go
and I could start using it.
So I did put about $500 into the account,
looks like it's gonna drop in tomorrow
and it looks like it's already accruing interest
so about three cents,
(laughing) which is nice.
But yeah, basically it's activated.
I'm gonna be using this card pretty frequently,
just to test it out,
see if it's useful at all
or if you should just use another checking account,
but I'm gonna try it out and we'll see
where it goes from there,
I'll make another follow up video with the review.
So look forward to doing that.
But anyways guys, that's pretty much it
so thanks for watching.
I know this was a pretty quick video,
I will be uploading a lot more content to this channel soon
so keep an eye out for that.
Make sure to subscribe if you liked the video
and leave a like 'cause it helps out the channel a lot
and that's pretty much it.
So I'll see you guys again in the next one.