Samsung launches Galaxy Card, a cash‑back credit card for Samsung Wallet users

Samsung Electronics has introduced a new cash‑back credit card that is automatically linked to users’ Samsung Wallet accounts, marking the company’s latest foray into financial services. The card, branded as the Samsung Rewards Card, offers a tiered cash‑back structure—3 % on purchases made at Samsung‑owned stores and online platforms, 2 % on dining and entertainment, and 1 % on all other transactions. It is issued in partnership with a major U.S. bank and is available to eligible Samsung device owners who meet standard credit criteria, with applications processed directly through the Samsung Wallet app.

The launch, announced in a press release on Monday, positions the card as a loyalty tool for “Samsung enthusiasts,” aiming to deepen ecosystem engagement by rewarding spending on Samsung hardware, services, and accessories. Early adopters receive a one‑time bonus of $50 after spending $500 within the first 90 days, and the card integrates with Samsung’s existing payment and security features, including biometric authentication and real‑time transaction alerts. Analysts note that the product expands Samsung’s growing portfolio of consumer‑focused financial offerings, which now includes a digital banking service and a line of co‑branded credit cards, and could drive incremental revenue through interchange fees and increased device sales.