Samsung announced the launch of a new incentive system for users of its mobile wallet service, Samsung Pay.
The new “Samsung Rewards” program will deliver points for every transaction users conduct using Samsung Pay. Those points can then be redeemed for a variety of rewards, including gift cards, Samsung products, prepaid Samsung Rewards Visa gift cards and more.
Samsung Rewards offers different status tiers for enrollees based on the number of transactions made with Samsung Pay each month. For example, with five transactions in one month, a user reaches “Silver” status and will receive twice the points for every transaction. Once “Gold” status is achieved, after making 20 monthly transactions, those enrolled in the program will receive triple points.
“Samsung Rewards works just like a points-based credit card rewards program. Every time you make a purchase with Samsung Pay, you earn rewards points,” Nana Murugesan, VP and GM of services and new business at Samsung Electronics America, said in a statement.
“Samsung Rewards also allows you to “double dip” on rewards points — that is, with every credit card purchase made via Samsung Pay, you may be able to earn points, miles or cash back from your card’s issuer, as well as points toward Samsung Rewards,” Murugesan continued.
Users will have the ability to track their points and rewards status within the Samsung Pay app, as well as browse offers and redeem points.
According to TechCrunch, Samsung Rewards is set to launch this week in the U.S. across numerous Samsung devices, including Galaxy S7 and S7 Edge, S6 Edge+, Note 5, Gear S2 and Gear S3 devices that offer the mobile wallet.
“For Samsung Rewards, this is just the beginning, when the program launches this week. In the coming months, Samsung Rewards will rapidly expand to include a wide variety of Samsung’s products and services, like Samsung.com and S Health, exclusive events and experiences and our partner programs,” Murugesan said.
“We are always looking for ways to offer Samsung customers more value, to enhance their experience with our products and services and, ultimately, make their day-to-day lives a little more convenient. Samsung Pay helps people slim down their physical wallets, and Samsung Rewards helps to keep their digital wallets full.”