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Samsung Galaxy Card announced: Say hello to Samsung’s first credit card in US

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Why This Matters

Samsung's launch of the Galaxy Card marks its entry into the US credit card market, offering tailored rewards for Samsung device users and integrating seamlessly with Samsung Wallet. This move positions Samsung as a more direct competitor to Apple, expanding its ecosystem and enhancing consumer loyalty through exclusive benefits. The card's availability in virtual and metal formats underscores Samsung's focus on convenience and premium branding for Android users.

Key Takeaways

Apple launched the Apple Card way back in 2019, but you were out of luck if you wanted a credit card from an Android phone maker. However, it’s now Samsung’s turn to offer a similar proposition as it just launched the Samsung Galaxy Card in the US.

Samsung says the Galaxy Card is the company’s first credit card in the US, adding that it’s a Visa card issued by Barclays US. This isn’t the firm’s first credit card in general, though, as it already offers a Samsung Card in Korea . But it’s still a pretty notable announcement.

Samsung is promising a variety of rewards to go with its new card:

5% cash rewards on purchases made directly with Samsung, including the company’s next Galaxy devices

3% cash rewards on purchases made via Samsung Wallet

2% cash rewards on select streaming services, including Disney Plus, Netflix, and Spotify

1% cash rewards on other purchases

$200 cash reward after spending $2,000 within the first 90 days

20% off Samsung’s VIP Advantage program, and 5% cash rewards when purchasing or renewing a membership

The Galaxy Card is available in both a virtual format and as a black metal card. The company says this card is designed to work with Samsung Wallet. More specifically, the card will be “instantly” provisioned to Samsung Wallet, allowing people to make purchases, earn rewards, and manage their accounts from a Galaxy device.