Updated
Updated · Bloomberg · Jul 20
Samsung Debuts First US Credit Card With Barclays, Offering 5% Cash Back
Updated
Updated · Bloomberg · Jul 20

Samsung Debuts First US Credit Card With Barclays, Offering 5% Cash Back

3 articles · Updated · Bloomberg · Jul 20

Summary

  • Samsung launched its first US credit card program with Barclays, adding financing and rewards for customers buying Samsung devices.
  • The Galaxy Card offers up to 5% cash back on Samsung purchases, 3% on Samsung Wallet purchases and 2% on streaming services, with applications opening July 22.
  • Issued on the Visa network and integrated into Samsung Wallet, the card is designed to keep spending inside Samsung’s ecosystem while broadening payment use beyond it.
  • For Barclays, the partnership supports its push to expand US consumer banking and diversify co-branded card relationships as Samsung moves closer to rivals with branded cards.

Insights

Can Samsung’s higher rewards challenge the Apple Card’s famed simplicity and ‘no fees’ promise?
With such generous cashback, what is the hidden financial catch for users of the new Galaxy Card?