Goldman Sachs · Apple · Samsung · Wired
Nearly seven years after Apple launched the Apple Card, Samsung is following the iPhone maker's footsteps with the Galaxy Card
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The Galaxy Card is issued by Barclays on the Visa network; the Apple Card, originally issued by Goldman Sachs but now transitioning to Chase, is on the MasterCard network.
Key facts
- Other perks include a 20 percent discount on Samsung's VIP Advantage membership, which offers extended device protection, specialized support, and exclusive deals, and $200 in cash rewards
- The Galaxy Card is issued by Barclays on the Visa network; the Apple Card, originally issued by Goldman Sachs but now transitioning to Chase, is on the MasterCard network
- Nearly seven years after Apple debuted the Apple Card, Samsung is following the iPhone maker's footsteps with the Galaxy Card, aiming for its own slice of the credit card market
- The virtual card will be provisioned to a user's Samsung Wallet account
Summary
Nearly seven years after Apple debuted the Apple Card, Samsung is following the iPhone maker's footsteps with the Galaxy Card, aiming for its own slice of the credit card market. With no annual fee, Samsung says cardmembers can earn 5 percent cash rewards on all in-store or online purchases made directly from Samsung in the US, 3 percent cash rewards on purchases made with the Galaxy Card using Samsung Wallet, 2 percent cash rewards on streaming service subscriptions, and 1 percent cash rewards on everything else with the physical card. The annual percentage rate (APR) varies by cardmember, but the card has no foreign transaction fees. The Samsung Wallet app is only available on Samsung smartphones and watches, so what happens if a consumer switches to a different smartphone brand?