The card will not display the card number, expiration date, or CVC
Samsung introduces its first debit card. Source: news.samsung.com
Samsung rolls out Samsung Money by SoFi, a debit card program that charges no account fees and offers higher-interest earning.
The virtual card will be issued instantly within Samsung Pay upon approval. As soon as users receive their physical debit card in the mail, they will only need to activate it in the app.
Besides, within the Samsung Pay app, users can check their balance, review past statements, and search transactions. They can also flag suspicious activity, pause or restart spending, and freeze or unfreeze their card.
What is more, users can enroll in the Samsung Rewards program to earn points for every purchase they make with Samsung Pay. In addition, users with 1,000 or more Samsung Rewards Points will be able to redeem their points for cash that will be deposited directly into their Samsung Money by SoFi account.
We’ve reported that Samsung Pay has confirmed its partnership with Axiata, a Malaysian telecommunications company, by integrating with Boost e-wallet.
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