If you like the idea of having all your credit cards stored on your phone and making digital transactions, but never had any real incentive to use the various app available, then you should be excited to learn that Samsung Pay will add a rewards program.
Although convenience is the main aspect which drives users to Samsung Pay or any other similar app, the company is seeking to attract a larger user base by implementing a new rewards program appropriately named Samsung Rewards.
The program is similar in function to the banking card rewards. It will give users who frequently use the service a number of points for every transaction. When you gather a certain number of points you can exchange them for various rewards like Samsung products, gift cards for certain stores, prepaid VISA cards, and more. Besides these types of awards which will always be available, Samsung will also offer “Instant Win” prizes for users. The first reward will consist of a trip for two people to Napa Valley. These types of prizes will be rotating regularly.
Additionally, after a specific number of transactions, users will be able to achieve three different status tiers. For example, the Silver status will be awarded to users who perform five transactions in a month and will be able to get double points on every purchase. Gold status will award triple points but will require 20 transactions a month. Finally, Platinum requires 30 transactions and will give users four times the points. Samsung has stated that anyone who signs up for the service before the end of the year will receive double the amount of points
Samsung Pay users will be able to track the number of points they are gathering, see their status, browse offers as well as redeem their points directly from the app. The company stated that the same functionality will be available from their Samsung.com accounts.
The Samsung Rewards program will be available this week only the US, at least for now. The program is compatible with both retail and online transactions and with all brands and companies that already support Samsung Pay.
Are you already using Samsung Pay? If not, are you willing to sign-up for it?
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