Samsung unveils a surprising new device, and it's not the Galaxy Z Fold 8
Samsung has unveiled a shiny new accessory. The South Korean tech firm has entered the credit card market for the first time, unveiling the Samsung Galaxy Card. Barclays is the bank backing the new credit card, which runs on Visa. Woncheol Chai, EVP and Head of the Digital Wallet Team, said: "For years, users have relied on Samsung products to enhance their daily life, from staying connected with friends to relaxation to productivity. Today, Samsung Galaxy Card offers users a new way to be rewarded every time you pay." The Galaxy Card functions much like any co-branded credit card — you apply, receive approval pending a credit check, and can then use it for everyday spending. Samsung is offering a range of cashback options across different categories — with the highest applied to the purchase of its own devices. It isn't the first tech firm to offer a credit card. Apple launched Apple Card seven years ago. The catch? This card is only available in the US. The card is available in both virtual and physical formats, with the latter taking the form of a premium metal design bearing a black Samsung logo. The rewards structure operates across four tiers. Purchases made directly from Samsung — including pre-ordering the latest Galaxy devices — earn the highest rate of 5% cashback. Transactions processed through Samsung Wallet return 3%, while spending on streaming platforms such as Netflix, Disney+ and Spotify yields 2%. Everything else earns a baseline 1%. There is also an introductory bonus on offer. New cardholders who spend $2,000 within the first 90 days of opening their account receive an additional $200 in bonus cash rewards, which could be applied to the hotly anticipated Galaxy Z Fold 8. The mobile, alongside a few other devices, is expected to make an appearance at the upcoming Galaxy Unpacked . Samsung has sweetened the deal further for its most loyal customers. Members of its VIP Advantage programme receive a 20% discount when you renew. Since the renewal is considered a purchase from Samsung, you'll also earn the 5% cash rewards. Kirk Stuart, SVP and Head of North America Enablers, Merchants and Fintechs at Visa, said "By bringing together Samsung's innovation, Barclays' co-brand capabilities, and Visa's trusted network, Samsung Galaxy Card delivers a connected experience that helps consumers earn rewards while providing the security and acceptance needed to support commerce wherever they choose to shop." The Galaxy Card's rewards structure positions it aggressively against Apple's rival offering. On own-brand purchases, Samsung's 5% cashback comfortably outstrips Apple's 3% Daily Cash on Apple products and services. Samsung Wallet transactions also edge ahead, returning 3% compared with the 2% that Apple Card delivers when used through Apple Pay. LATEST DEVELOPMENTS Going on holiday? Millions unlock free travel perk from Sky, and that's not all Android phone owners get entirely new way to download apps, but UK misses out Ninja just unveiled the biggest change to microwaves since their 1955 invention Millions of O2 customers unlock FREE 5G data boost worth £7 a day Apple does, however, hold one notable advantage. Its card carries no fees whatsoever — no annual charge, no foreign transaction costs, and no late payment penalties. Samsung's offering makes no equivalent promise. Apple Card also provides a real-time interest calculator, showing cardholders precisely how much they will pay based on different repayment amounts. Its Daily Cash rewards are deposited every day rather than accumulating monthly, and can be funnelled into a linked savings account to earn interest. The battle between the world's two largest smartphone manufacturers has now extended firmly beyond hardware and into financial services. Both companies are leveraging their digital wallet platforms to lock customers deeper into their respective ecosystems. Our Standards: The GB News Editorial Charter
Samsung has unveiled a shiny new accessory. The South Korean tech firm has entered the credit card market for the first time, unveiling the Samsung Galaxy Card. Barclays is the bank backing the new credit card, which runs on Visa. Woncheol Chai, EVP and Head of the Digital Wallet Team, said: "For years, users have relied on Samsung products to enhance their daily life, from staying connected with friends to relaxation to productivity. Today, Samsung Galaxy Card offers users a new way to be rewarded every time you pay." The Galaxy Card functions much like any co-branded credit card — you apply, receive approval pending a credit check, and can then use it for everyday spending. Samsung is offering a range of cashback options across different categories — with the highest applied to the purchase of its own devices. It isn't the first tech firm to offer a credit card. Apple launched Apple Card seven years ago. The catch? This card is only available in the US. The card is available in both virtual and physical formats, with the latter taking the form of a premium metal design bearing a black Samsung logo. The rewards structure operates across four tiers. Purchases made directly from Samsung — including pre-ordering the latest Galaxy devices — earn the highest rate of 5% cashback. Transactions processed through Samsung Wallet return 3%, while spending on streaming platforms such as Netflix, Disney+ and Spotify yields 2%. Everything else earns a baseline 1%. There is also an introductory bonus on offer. New cardholders who spend $2,000 within the first 90 days of opening their account receive an additional $200 in bonus cash rewards, which could be applied to the hotly anticipated Galaxy Z Fold 8. The mobile, alongside a few other devices, is expected to make an appearance at the upcoming Galaxy Unpacked . Samsung has sweetened the deal further for its most loyal customers. Members of its VIP Advantage programme receive a 20% discount when you renew. Since the renewal is considered a purchase from Samsung, you'll also earn the 5% cash rewards. Kirk Stuart, SVP and Head of North America Enablers, Merchants and Fintechs at Visa, said "By bringing together Samsung's innovation, Barclays' co-brand capabilities, and Visa's trusted network, Samsung Galaxy Card delivers a connected experience that helps consumers earn rewards while providing the security and acceptance needed to support commerce wherever they choose to shop." The Galaxy Card's rewards structure positions it aggressively against Apple's rival offering. On own-brand purchases, Samsung's 5% cashback comfortably outstrips Apple's 3% Daily Cash on Apple products and services. Samsung Wallet transactions also edge ahead, returning 3% compared with the 2% that Apple Card delivers when used through Apple Pay. LATEST DEVELOPMENTS Going on holiday? Millions unlock free travel perk from Sky, and that's not all Android phone owners get entirely new way to download apps, but UK misses out Ninja just unveiled the biggest change to microwaves since their 1955 invention Millions of O2 customers unlock FREE 5G data boost worth £7 a day Apple does, however, hold one notable advantage. Its card carries no fees whatsoever — no annual charge, no foreign transaction costs, and no late payment penalties. Samsung's offering makes no equivalent promise. Apple Card also provides a real-time interest calculator, showing cardholders precisely how much they will pay based on different repayment amounts. Its Daily Cash rewards are deposited every day rather than accumulating monthly, and can be funnelled into a linked savings account to earn interest. The battle between the world's two largest smartphone manufacturers has now extended firmly beyond hardware and into financial services. Both companies are leveraging their digital wallet platforms to lock customers deeper into their respective ecosystems. Our Standards: The GB News Editorial Charter
Source: Gb News