When it comes to features, Samsung Money offers the earning of Samsung reward points for every purchase made using Samsung Pay, and users with over 1000 points can convert them to cash.
This card will be available this summer in the United States. This was confirmed by an article written by Sang Ahn, the President and Global Director of Samsung Pay, on the official Samsung blog. In this case, we find the direct debit card from Mastercard managed by SoFi, which allows us to access our account and enjoy the multiple options it offers through Samsung Pay. Upon logging in, it will create a virtual card for us, which we can use to securely make online purchases. Additionally, with a click of a button, we can activate the physical card.
Once the account is approved, the virtual card will immediately appear in the Samsung Pay app on your phone, while the physical card will be delivered later to your address to allow payments at places that require a physical card or when you don’t have your mobile phone. This physical card can also be activated instantly through Samsung Pay without the need to call 1-800.
As mentioned, for every purchase we make, we will earn Samsung points, which can be converted to cash once we surpass 1000 points. Additionally, similar to the Apple card, the physical card does not include the number or CVV code to prevent theft.
The Samsung Money service will be available this summer, and those interested can subscribe to the waiting list and get the latest related news by visiting this link.
