Samsung Unveils Galaxy Card for $1,899 Foldables as APR Runs 23.49% to 32.24%
Updated
Updated · PCMag · Jul 23
Samsung Unveils Galaxy Card for $1,899 Foldables as APR Runs 23.49% to 32.24%
3 articles · Updated · PCMag · Jul 23
Summary
Samsung introduced the no-annual-fee Galaxy Card ahead of Galaxy Unpacked, pitching 5% cash back on direct Samsung purchases and a $200 bonus after $2,000 spent in 90 days.
APR of 23.49% to 32.24% makes the card a costly way to finance new foldables, with the $1,899 Galaxy Z Fold 8 and $2,099 Z Fold 8 Ultra at the center of the pitch.
At 27% APR, financing a $1,899 phone with $150 monthly payments would add $361 in interest over 16 months; paying about $60 monthly would stretch repayment to 57 months and $1,461 in interest.
Samsung buyers have cheaper alternatives, including carrier installment plans that are often interest-free, trade-ins worth up to $1,200, 0% intro APR cards, or Samsung financing through Affirm and Klarna.
The launch ties Samsung's new payments push to its premium-device strategy, but the card's rewards appeal mainly to customers who can pay balances in full rather than carry debt.