Samsung is launching the Galaxy Card, a credit card issued by Barclays on the Visa network, featuring cash rewards and integration with Samsung Wallet.
Key facts
- •The Galaxy Card is issued by Barclays on the Visa network and features a physical card made of recycled steel.
- •Users can earn 5 percent cash rewards on direct Samsung purchases and 3 percent on transactions made via Samsung Wallet.
- •New cardholders are eligible for a $200 cash reward after spending $2,000 in the first 90 days.
- •The card includes no annual fee and no foreign transaction fees.
- •Applications for the new credit card begin on July 22.
Samsung has announced the Galaxy Card, a new credit card issued by Barclays on the Visa network. The card, which is constructed from recycled steel, is designed to integrate with the Samsung Wallet app. Applications for the card are scheduled to open on July 22, just days before the company's second Galaxy Unpacked event of the year.
By the numbers
Rewards and Perks Structure
The Galaxy Card offers a tiered rewards system with no annual fee. Cardmembers can earn 5 percent cash rewards on direct purchases from Samsung in the US, 3 percent on purchases made via Samsung Wallet, 2 percent on streaming service subscriptions, and 1 percent on all other purchases made with the physical card. Additionally, the card provides a 20 percent discount on Samsung's VIP Advantage membership and a $200 cash reward bonus for users who spend $2,000 within the first 90 days of account opening.
Device Compatibility and Management
While the card is optimized for Samsung device owners through the Samsung Wallet app, the company stated that the card is not limited to Samsung users. Those who do not use Samsung smartphones can manage their accounts through a BarclaysUS.com online portal. The card carries no foreign transaction fees, though annual percentage rates (APR) vary by individual cardmember.
Industry Context and Analysis
Financial experts note that the Galaxy Card aims to increase brand loyalty among Samsung's consumer base. Brian Riley of Javelin Strategy & Research observed that the card serves as a commodity product intended to differentiate the brand, while Sara Rathner of NerdWallet highlighted the 3 percent cash-back rate on Samsung Wallet transactions as a potentially compelling feature for commuters and frequent users.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Wired.
