Robinhood Plans Up to $500 Million Credit Card Bond Sale, Fueling Services Expansion

Robinhood Credit is launching a $500 million asset-backed securities (ABS) transaction backed by Visa credit card receivables, with closing scheduled for October 15. The Rule 144A offering comprises four tranches rated AAA, AA, A, and BBB by Fitch and DBRS. Credit enhancement levels stand at 19.00%, 9.80%, 6.00%, and 4.00%, respectively.

The Robinhood Gold portfolio reported a gross charge-off rate of 4.35% and a payment rate of 95.18% for August 2026.