Robinhood Debuts Debit Card With Incentives to Invest More (1)

Robinhood Markets Inc. unveiled a new debit card, with features that could prompt users to invest in small increments while making everyday purchases.

The Robinhood cash card will allow customers to round up their change to the nearest dollar, investing the difference in assets of their choice, the company said Tuesday. As an enticement to use the feature, Robinhood will offer a bonus of between 10% and 100% on these weekly round-ups, capped at $10.

“The next big step in investing is really tackling spending,” said Aparna Chennapragada, Robinhood’s chief product officer, in an interview on Bloomberg TV. “We ...