Robinhood is launching a new credit card aimed at expanding its financial services beyond commission-free trading. Announced during the 'Robinhood Presents: The New Gold Standard' livestream at 7:15pm ET, the card is designed to compete with the Apple Card by offering the ability to invest cash-back rewards. This move comes eight months after Robinhood acquired the credit card startup X1 for $95 million, signaling a strategic shift towards becoming a broader financial-services company. The Gold Card's features are expected to attract current Apple Card users, with its investment-focused cash-back benefits.