Robinhood Gold Card Launches “Pay Over Time” — First Look at the 2.99% Promo & What It Means

28 Jun Robinhood Gold Card Launches “Pay Over Time” — First Look at the 2.99% Promo & What It Means

Robinhood Gold Card Launches “Pay Over Time” — First Look at the 2.99% Promo & What It Means

Robinhood is entering the flexible credit space in a big way. With the newly launched “Pay Over Time” (POT) feature on the Robinhood Gold Card, cardholders can now break up large purchases into fixed monthly payments—bringing it into competition with cards from Apple, Amex, and others. Even better: it’s kicking things off with a limited-time 2.99% APR promotional offer.

And if you’re looking for the first-ever in-depth video breakdown, creator Pebos just released it here:
👉 Watch the full video

💳 What is “Pay Over Time”?

Pay Over Time is a new flexible payment feature tied to eligible purchases made with the Robinhood Gold Card. Rather than paying your full credit card statement balance all at once, you can now choose to pay qualifying purchases off in fixed monthly installments.

Key Points:

• Applies to individual purchases above a set threshold (shown in-app)

• Breaks purchase into fixed payments with a clearly disclosed APR

• Your POT payments are added to your regular minimum due each cycle

• Once activated, plans cannot be modified or canceled

🎯 Spotlight: 2.99% APR Promo

Here’s where it gets compelling:

For a limited time, Robinhood is offering a promotional 2.99% APR on qualifying Pay Over Time plans.

Why that matters:

• Most credit card purchases carry a 17%–29% variable APR

• A 2.99% fixed APR is significantly lower than typical credit card interest

• Even many Buy Now, Pay Later apps don’t offer this low of a rate

This promo gives users a low-cost way to finance big purchases—perfect for things like tech, travel, or emergencies. You see your exact monthly payment and interest total up front, and there are no surprise charges or compounding like you’d get with revolving balances.

📱 How It Works In-App

1. Make an eligible purchase above the threshold (e.g., $100+)

2. Go to the Robinhood Credit Card app

3. If eligible, tap on the purchase and select “Pay Over Time”

4. Choose the payment plan duration and review APR & monthly cost

5. Confirm the plan – the purchase is then moved to your Pay Over Time balance

📌 Note: This is not automatic—you choose which charges to convert.

📉 What Happens After the Promo?

Once the promotional period ends, new Pay Over Time plans will be offered at your standard Purchase APR, which may vary based on your credit profile. That could be 19.99%, 24.99%, or higher. Still fixed over the term—but not as discounted as the 2.99% deal.

📹 First Look by Pebos — Video Breakdown

🎥 Watch the first-ever video on the Robinhood Pay Over Time feature

In this exclusive YouTube video, Pebos walks you through:

• What Pay Over Time looks like inside the app

• Real numbers and scenarios using the 2.99% APR

• How it compares to other credit cards & BNPL platforms

• Whether it’s worth using vs. paying in full

⚖️ Should You Use It?

🧠 Final Thoughts

Robinhood is clearly positioning the Gold Card not just as a cash-back powerhouse, but now as a modern, flexible financial tool. The 2.99% Pay Over Time promo is a strong entry into the installment space—especially since it comes on a card that already offers 3%–5% cash back with no annual fee beyond Robinhood Gold.

And with creators like Pebos getting hands-on and walking through real-world usage, users now have a clear view of how to actually use these features to their advantage.

🔗 Watch the full breakdown video
📄 Read Robinhood’s official help article