Samsung's answer to Apple Card is called Samsung Money

Not long ago, Samsung has announced that they will collaborate with personal finance company SoFi to launch a debit card that is tied in with Samsung Pay. The debit card will allow users to manage their finance through the app that is already popular among Samsung devices' users. Today, it has been revealed that the answer to Apple Card (Apple's debit card) will be called Samsung Money, and it will be launching soon later this summer.

With Samsung Money, the debit card program will offer a cash management account and a Samsung Money debit card (Mastercard) issued by The Bancorp Bank. It is also said that there will be no account fees, and having "higher interest" compared to the national average (in the US).

Other than that, the key part of the debit card program is the Samsung Pay app integration. Customers are allowed to apply for the card directly from within the app and start using it before the physical card even arrives. Through the app, they will also have the ability to check the balance, review past purchases, freeze the card, and flag fraudulent purchases. Not to mention that the customers will gain perks as well through purchases with the Samsung Rewards program.

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