Samsung Launches Galaxy Card With 5% Rewards and $200 Bonus
Updated
Updated · CNBC · Jul 23
Samsung Launches Galaxy Card With 5% Rewards and $200 Bonus
3 articles · Updated · CNBC · Jul 23
Summary
$0-annual-fee Samsung Galaxy Card offers $200 in cash rewards after $2,000 of spending in the first 90 days.
The card pays 5% on eligible direct Samsung purchases, 3% on Samsung Wallet transactions, 2% on eligible streaming services and 1% on other spending.
Samsung is positioning the card for Galaxy users, with the 3% Samsung Wallet rate standing out because the wallet works at most NFC-enabled terminals and online.
Compared with Apple Card, Samsung adds a welcome bonus and higher Samsung-specific rewards, but it lacks Apple’s installment financing and still trails flat 2% cash-back cards for everyday use.
The launch underscores a broader push by tech brands into co-branded payments, though the card appears strongest as a complementary wallet card rather than a primary spending card.