Last updated on July 25th, 2023 at 05:04 pm
South Korean company Samsung introduced its own debit card Samsung Money. Users will be offered a loyalty program. Recalling our Previous Article on Samsung Debit Cards
The Samsung Money debit card was created jointly with SoFi and MasterCard. At the first stage, the product will be available only to US users. A card feature is a loyalty program.
However, cashback for purchases will be non-standard. Not real money will be credited to users, but Samsung Rewards points. A similar system was previously at Rocketbank. For points, users will be able to buy Samsung devices.
Samsung introduced its debit card Samsung Money
Samsung, SoFi and Mastercard have teamed up to offer a simple and secure way to manage finances – no commission for maintaining an account, with a higher interest rate and managing a debit card in Samsung Pay, Samsung reports on the official website.
Samsung Money will be integrated into Samsung Pay’s own payment system, and it will be possible to manage it through the application of the same name. It will be possible to monitor the balance, purchase history, as well as block the card.
Samsung is not the first technology company to introduce its own card. The first was the American company Apple, which introduced the Apple Card last year. Also, Huawei and Xiaomi showed their own similar products this year, while they are only available in China. Also, according to rumours, this year Google will also show its own card, which will be integrated into the Google Pay payment service.