Samsung Debuts Galaxy Card With 5% Cash Back to Take On Apple Card

Key Points:

• Samsung has launched its first U.S. credit card, the Samsung Galaxy Card, in partnership with Barclays, functioning as a standard Visa card with special financing options for Samsung Galaxy device purchases.
• The card offers no annual fee and tiered cash rewards: 5% on Samsung purchases, 3% on Samsung Wallet purchases, 2% on streaming services, and 1% on other purchases, providing higher cash back rates than Apple Card.
• New cardholders can earn $200 in cash rewards after spending $2,000 within 90 days and receive a 20% discount on Samsung VIP Advantage membership when using the card.
• The Samsung Galaxy Card is integrated into Samsung Wallet for account management and is Barclays' first digital wallet-native credit card with no separate banking app, similar to Apple Card's integration with Apple Wallet.
• The card is available immediately in Samsung Wallet upon approval, with a physical black metal card shipped later; applications open online and in Samsung stores starting July 22, coinciding with the Samsung Unpacked event.