Right on time for Wednesday’s Galaxy Unpacked unveiling of new products, Samsung has unveiled the Samsung Galaxy Card, its first branded credit card designed to turn everyday spending into cash rewards — especially for those who shop frequently within the Galaxy ecosystem. The card launches as both a digital experience in Samsung Wallet and a physical metal card that features a black Samsung logo.
The Galaxy Card is issued by Barclays US Consumer Bank on the Visa network, with applications opening on Wednesday. A limited-time incentive is also available, allowing cardholders to earn $200 in bonus cash rewards after spending $2,000 within the first 90 days of account opening.
“This marks yet another milestone in the evolution of Samsung Wallet and mobile payments — offering a new solution for busy users who want cash rewards whether they’re running errands or purchasing the latest Galaxy devices,” Woncheol Chai, an executive vice president at Samsung Electronics, said in a statement.
This isn’t a first for a phone-maker, however. Apple got into the credit card business in 2019 with the introduction of its Apple Card, which is similarly available in tangible and virtual formats.
What perks come with the Samsung Galaxy Card?
The rewards structure is built around Samsung-first purchasing. Cardholders can earn 5% cash rewards on eligible purchases made directly with Samsung, 3% rewards when making purchases using Samsung Wallet and 2% rewards on select streaming services, such as Netflix, Disney Plus and Spotify. All other purchases earn 1% cash rewards.
Samsung also offers a perk through the Samsung VIP Advantage loyalty program, which provides 20% off when purchasing or renewing the $150 annual membership.
The Galaxy Card is designed to fit into the ecosystem of devices and payments people already use as a new way to finance and reward Galaxy purchases, Samsung said.
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