Samsung has a history of running promotions to encourage people to give Samsung Pay a shot. Now, it's launching a revamped rewards program to keep you coming back. Samsung Rewards gives you points each time you use Samsung Pay, and that can eventually lead to free gift cards, cash back, and even free Samsung gear. It's a more extensive program compared to the Samsung Pay Rewards card that rolled out a few months ago.
Samsung Rewards points are given based on the number of transactions, not the dollar value. There are four tiers at 10, 20, 30, and 40 points per transaction. You unlock them by making 0-5, 6-20, 21-30, and 31 or more purchases in a month, respectively. You can earn points on up to 50 transactions per month. The points you earn from using Samsung Pay can be redeemed on Samsung's website for gift cards, prepaid Visa cards, and vouchers for Samsung devices. You can also enter to win larger prizes like vacations.
The points earned from Samsung Pay are completely separate from any points you might earn from a card issuer. So, you can essentially double up on benefits if your card already offers points or cash back. The new Samsung Rewards will be live for US users later this week. It will come to other Samsung services later as well. The rewards catalog isn't online yet, so we don't know how many points you'll need to get anything good.