how to make 3% cash back work? optin gambling w/ points. improves economics b/c - sometimes users lose - the rewards are likely merchant funded, so costs <$1 of cash back for $1 of uber ride etc. - increase time in app...maybe will bet on something else too (robinhood is "free" but earns ~2% on assets per year from PFOF etc).
Sheel Mohnot
Sheel Mohnot29.7.2025
Robinhood leaning into its degen gambler audience on the CC Got a push: spend 1,000 points ($10) on a “mystery box.” You don’t know what it is! I tried it and got 1,500 points! Then I doubled down… Next box? 10% off my next Uber ride :( Wonder if everyone gets the 1500 pts
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