Samsung is following Apple into the credit card space.The company has announced a Galaxy Card that not only rewards you for buying its own devices (such as the imminent Galaxy Z Fold 8), but also for some of the services you'd use regardless of platform.The new card offers 5 percent cash back on purchases made through Samsung, including devices, the Galaxy Store, Care+ protection, and the Smart TV Store.
You'll also get 3 percent cash rewards whenever you buy something using Samsung Wallet.You can also claim 20 percent off a membership for the Samsung VIP Advantage loyalty program and 5 percent cash back.However, you'll also get 2 percent cash rewards for streaming services like Disney+, Netflix, and Spotify.
The subscriptions you already want could contribute toward your next big purchase.Close The Galaxy Card is a Visa credit card issued through Barclays US Consumer Bank and is only available to U.S.customers so far.
Like its Apple counterpart, it's available both virtually and as a metal physical card.It's tightly integrated with Samsung Wallet, although You can enroll online starting July 22, the same day as the Galaxy Unpacked event introducing new Samsung foldables and watches.You can earn an extra @00 in cash rewards if you spend at least $2,000 within the first 90 days of opening your account.
Why is Samsung making a credit card? And how does the Galaxy Card compare to the Apple Card? As with the Apple Card, the Galaxy Card is all about fostering loyalty through a service.You're more likely to keep buying Samsung phones and TVs if you know you'll get a discount, especially when you use Wallet.Likewise, you might be reluctant to leave, knowing your Netflix or Spotify rewards will go away if you switch.
Whether it's better than an Apple Card depends not just on your preferences for Android or the iPhone.but where and how you shop.Samsung hasn't outlined any special Galaxy Card features in Wallet beyond perks and memberships, so Apple might have an early advantage through its built-in spending trackers and family management.
Related Google Wallet vs.Samsung Wallet: Which Should You Use? It depends.What's in your wallet? Posts 13 By Bertel King After that, it comes down to the stores you frequent.
Samsung's 3 percent cash back for Wallet purchases appears to cover all stores, whereas Apple's rewards are focused on a handful of stores and services, including Uber, Exxon Mobil, and Walgreens.You do get a few extras for certain companies, such as Booking.com travel credits and Hertz rental discounts.Samsung's streaming service bonuses are more diverse, as Apple will only discount in-house services like Apple Music and Apple TV.
You're probably not going to choose a phone based primarily on a credit card.You might avoid the Galaxy Card precisely to give you more flexibility to leave, such as switching to a Google Pixel.If you're comfortable living in the Samsung ecosystem, though, you'll have one more reason to stay.
Read More
