'Samsung Pay' Launches 'Samsung Rewards Program' ; Awards Users Points For Mobile Transactions

By Rita Mendoza - 15 Nov '16 23:14PM

With the most wonderful time of the year nearing, Samsung Pay recently launched Samsung Rewards Program in the United States for members with accounts and qualified devices enrolled in the program. This is in sync with Samsung's initiatives in offering a more rewarding program that will provide more incentives to customers using Samsung Pay.

The Samsung Rewards Program of the Samsung Pay app now allows subscribers to redeem points for mobile purchases from major retailers, Samsung products, and Visa gift cards. In addition to the rewarding points system, Samsung will also be rolling out "Instant Win" prizes for participants which may include a trip for two to Napa Valley, and more prizes that will be regularly rotated.

The points earned in Samsung Pay Rewards Program will vary on the participant's tier status. Qualified participants will earn points based on four tiers and each tier comes with a specific number of transactions within a calendar month each with corresponding points earned. "Entry-Level" has 0-5, 10 points/transaction; "Silver" has 6-2 transactions at 20 points/transaction, "Gold" has 21-30 transactions at 30 points/transaction and "Platinum" with at least 31 at 40 points/transaction.

The number of monthly transactions will enable participants to climb up the tier status for the month which will also increase the points accrued for every transaction. Case in point, a Samsung Pay enrollee with five transactions in a month belongs to the "Silver" tier will receive twice the points for every transaction, while Samsung Rewards Program participants with more than 20 transactions will achieve "Gold" tier, receiving triple points for every transaction, and a participant with more than 30 transactions in a month will receive quadruple points.

Qualifying participants will be able to avail of the Samsung Rewards Program for a year, which will run from November 17, 2016, 6:00PM ET through November 17, 2017, 11:59PM ET.