Robinhood launches new Platinum Card with Function as a Core Benefit as Americans Rethink How They Invest in Their Future
Rhea-AI Summary
Robinhood (NASDAQ: HOOD) is adding a new health-focused perk to its invite-only Platinum Card. Eligible cardholders can receive a complimentary annual membership to Function, valued at $365, which includes access to over 160 lab tests twice per year, clinician-reviewed results, and a unified digital platform, underscoring Robinhood’s positioning of health management alongside wealth management.
Positive
- Complimentary Function membership worth $365 per year for eligible Platinum cardholders
- Access to 160+ lab tests with testing twice per year included as a core benefit
- Platinum Card rolling out on invite-only basis, supporting a premium positioning
- Partnership links Robinhood brand with long-term health and wellness spending trends
Negative
- None.
News Explained
Robinhood is now rolling out its invite-only Platinum Card, with eligible cardholders able to receive a complimentary annual Function membership as a card benefit.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 02 | Earnings date notice | Neutral | +4.3% | Scheduled second-quarter 2026 results announcement for July 29 |
| Jun 25 | Convertible notes close | Negative | +5.6% | Closed $2.2 billion 0.00% convertible senior notes offering |
| Jun 22 | Convertible notes pricing | Negative | -2.3% | Priced $2.0 billion 0.00% convertible senior notes offering |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
HOOD's three supplied target-specific events showed mixed reactions, with positive responses to the earnings-date and offering-close notices but a negative response to offering pricing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Eligible Robinhood Platinum Card cardholders can receive a complimentary Function membership, reflecting a growing shift toward investing in long-term health
That is changing. Health and wellness is the only consumer spending category where more Americans plan to spend more, not less, in 2026. As
Today, Function announced that Robinhood has chosen Function as one of the Robinhood Platinum Card's flagship benefits. Eligible Platinum Card cardholders can receive a complimentary annual Function membership, a
Investing has long been about growing your wealth. Today, it's also about understanding the asset that determines whether you'll be able to enjoy that wealth: your health.
"A healthy person has a thousand wishes. A sick person has one. You can be rich and still feel bankrupt without your health," said Jonathan Swerdlin, Co-Founder and CEO at Function. "Robinhood has given millions the power to own their finances, something once reserved for the wealthy few. Function has done the same for health. What used to cost thousands at an executive physical is now
"Shaping your future means more than just investing your money," said Sanjay Kotte, Chief Commercial Officer at Robinhood Money. "Bringing Function Health to the Robinhood Platinum Card reflects our belief that managing your health is just as important as managing your wealth."
The Robinhood Platinum Card is rolling out now on an invite-only basis. For more information and to request access, visit: robinhood.com/us/en/creditcard/platinum.
ABOUT FUNCTION
Function is on a mission to enable everyone to live 100 healthy years. A groundbreaker in its category, Function has changed the game by making lab testing, MRI and CT, and longitudinal health data accessible, understandable, and actionable. Function's Medical Intelligence Lab™ (MI Lab™) is leveraging a dedicated clinical team to develop a continuous learning system that helps its members see, understand, and act on their biology over time. Members receive access to 160+ lab tests—including biannual testing—for just
ABOUT ROBINHOOD
Robinhood Markets, Inc. (NASDAQ: HOOD) is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.
The Robinhood Platinum Card is offered by Robinhood Credit, Inc. ("RCT"), and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. RCT is a financial technology company, not a bank. See the Robinhood Platinum Card Benefits Program Terms for details, which are subject to change.
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SOURCE Function Health