r/RobinhoodBanking

Credit limits
▲ 16 r/RobinhoodBanking+1 crossposts

Credit limits

Here you go. Now, i hope Robinhood would put something out as to a plan that we can utilize to increase our limits, if so desired. The document says "based" on but no particulars. We do not know if they reference standard "common knowledge" cc practices or Robinhood specific practices. Not that any specific credit bank does... but we cannot assume Robinhood follows or dismisses traditional credit building techniques. I would hope it does not remain a mystery. Please contribute your findings.

u/Financial-Seesaw-817 — 4 days ago

Is it worth banking with RH?

I want to know if they offer instant transfers and early direct deposit, currently banking with C1. Looking for a change, Although I have a HYSA with RH due to the 4% until November.

reddit.com
u/purpleswag678 — 14 days ago

How to use RH margin?

I’ve been reading that keeping the free $1k margin in sgov will basically cover the gold annual fee. I’m confused how best to use this, as from what i understand adding any new money will go towards the margin.

How are people using the cash account and making use of the margin? Are they manually making a new $1k margin purchase every time they have a cash deposit?

reddit.com
u/UsedBoard — 12 days ago