Launched this week for US customers, Samsung Rewards works like a points-based credit card rewards programme.
This means every time a user makes a purchase with Samsung Pay, they earn rewards points, a first for mobile payments the company said.
Samsung Rewards is a first for a mobile payment service, the South Korean vendor claimed.
The company is trumpeting the programme’s so-called “double dip” on rewards points, which means with every credit card purchase made via Samsung Pay, users may be able to earn points, miles or cashback from their card’s issuer, in addition to points toward Samsung Rewards.
This reason for this opportunity for double dipping is because users add debit and credit cards to the Samsung Pay wallet, so both their bank and Samsung log their transactions.
In addition, users earn points when they pay with their debit cards, which is unusual since those cards don’t usually have any sort of points system.
Users can redeem points from Samsung Rewards for company products, vouchers for Samsung.com, Samsung Rewards Visa Prepaid Card value, and gift cards to some of the country’s leading retailers. Users can also be eligible for additional prize giveaways, including trips to locations such as Napa Valley and Las Vegas.