Samsung Electronics said on the 20th (local time) that it will launch a customized credit card, the "Samsung Galaxy Card," in partnership with Barclays in the United States.
The card gives 5% off in the form of cashback through Samsung Wallet, a virtual wallet in Galaxy smartphones, when users buy Samsung products. It offers 2% off for streaming services such as Netflix and Spotify, and 1% off for other purchases. There is no annual fee.
Chae Won-cheol, Head of Team of the Digital Wallet team (executive vice president) in the MX division at Samsung Electronics, said, "The Samsung Galaxy Card provides a new way for users to be rewarded every time they pay," and introduced it as "a card that simplifies the lives of busy users and delivers real value."
Denny Nealon, Barclays chief executive officer (CEO), said, "The partnership with Samsung is a core example of Barclays' 'partner-first' strategy and of its strategy to deliver innovation with world-renowned brands."
The card can be applied for starting on the 22nd at Samsung stores in the United States or online.
Earlier, Apple introduced the "Apple Card" in 2019 in partnership with Goldman Sachs and Mastercard. It is characterized by benefits such as usage tracking and cashback when linked with Apple devices.