00:00It's Benzinga bringing Wall Street to Main Street.
00:02Robinhood Markets announced the launch of its Platinum Credit Card and new custodial accounts
00:06as part of a new family hub as shares traded higher on Thursday, according to Benzinga.
00:12The Robinhood Platinum Card is an invite-only credit card plated with real platinum
00:17and carries a $695 annual fee. The card offers higher credit limits,
00:23cashback rewards, and travel perks across dining, travel, and wellness.
00:27Robinhood also launched custodial accounts that allow parents or guardians to invest for minors,
00:33with assets legally owned by the child and transferred when the child reaches the age of majority.
00:38The company introduced a family hub that groups household accounts
00:41while keeping ownership and permissions separate.
00:44Shares were down by 2.01% at $80.56 at Thursday's close, according to data from Benzinga Pro.
00:53For all things money, visit Benzinga.com.
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