Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses.

For existing Robinhood Gold customers, this card is an easy way to earn an industry-leading rewards rate. But even if you don't currently have a membership, the earning rate and other benefits might make it worth signing up.

You can end your Robinhood Gold subscription by going to Settings → Robinhood Gold → Cancel membership. If you downgrade, you'll still have access to the premium features such as the lower margin interest rate offered with Gold and the higher brokerage cash sweep rate, until your billing cycle ends.

While it's technically a no-annual-fee card, it's only open to Robinhood Gold members, which costs $5/mo or $50 a year. Below, CNBC Select has the details on what you need to know about the card's features and benefits.