Robinhood has announced the Robinhood Platinum Card, a $695/yr annual fee credit card offered by the retail brokerage company. The card will offer 5% cash back on dining, 5% on flights booked through its own travel portal, and 10% back on hotels and rental cards. This move is seen as a challenge to premium credit contenders such as American Express and Chase. The company's Gold Card launched nearly two years ago and has since become available to over 300,000 cardholders. The new card was announced alongside a slew of new products at the company's "Take Flight" keynote.