Samsung launches Galaxy Card with 5% cash back in US

Samsung Electronics launched its first credit card in the United States on July 20, 2026, entering the competitive financial services market in direct competition with Apple. The Samsung Galaxy Card, issued by Barclays and operating on the Visa network, is designed to be fully integrated with the company's Samsung Wallet app, offering cash rewards aimed at users of Samsung products.

The card offers a tiered cash rewards structure: 5% cash back on purchases made directly from Samsung in the U.S., 3% on purchases made using Samsung Wallet, 2% on eligible streaming services like Netflix and Spotify, and 1% on all other purchases. New cardmembers can earn a $200 cash reward after spending $2,000 within the first 90 days and receive a 20% discount on Samsung's VIP Advantage membership. There is no annual fee. The card will be available as a virtual card immediately upon approval and as a physical card made of black recycled steel.

Applications for the Galaxy Card opened for early access on July 20, with general availability beginning on July 22, coinciding with Samsung's Galaxy Unpacked event where new devices are expected to be unveiled. The launch marks a significant expansion of...