Samsung and Apple have been known to take a leaf out of each other’s book when it comes to features and product design. Now the South Korean giant has done something that Apple has already been offering its users. After much speculation and rumors, the Samsung Galaxy Card is finally revealed for U.S. users.
Samsung already offers the Samsung Card in its native region, but this is the first time they’ve come up with a credit card in the West. Offered via Barclays on the Visa network, the branded credit card is more or less the same as the Apple Card in terms of the perks and financing options being offered. For early adopters, the card will be offered free of cost with no hidden annual charges.
Designer: Samsung
Samsung wants to take the fight to Apple; therefore, they’re offering more cashback discounts, which should lure in users who are stuck between deciding to go for the Apple or Samsung ecosystem. The card is integrated into the Samsung Wallet, as it prompts users to tie in more deeply into the ecosystem. You can manage payments, IDs, digital keys, or passes. Surprisingly, this comes ahead of the Galaxy Unpacked event slated for the Z Fold 8’s release, signaling the consumer electronics company’s affinity for going far beyond just hardware innovations. This move at this time of the year also signals a stronger push by Samsung to engage users before major events. Let’s be honest, people are upgrading their devices and gadgets less frequently, as hardware has become difficult to differentiate from the competition.
Coming back to the Galaxy Card, any purchases made on Samsung products directly will earn a cashback of 5 percent. Any spending done using the Samsung Wallet gets users a 3 percent cashback. The cardholders are also eligible for a 20 percent discount on the VIP Advantage, as well as the Samsung membership and extended warranty program. If any eligible OTT subscriptions, including Netflix, Disney+, or Spotify, are made, the cashback earned is 2 percent. For any other purchases, the cashback is 1 percent.
Knox security layer is embedded into the card’s ecosystem to ensure all the financial information remains securely on the Galaxy devices. The credit card can be acquired starting July 22, and Samsung will offer a $200 bonus cashback reward on purchases of $2,000 or more made in the first 90 days. The card is offered in virtual and premium metal physical versions. Existing Samsung users will like the prospect of it, as more cashbacks mean more savings. Anyone switching their ecosystem from Apple to Samsung for the higher cashbacks is less likely, though.
