Samsung Pay Now Offering Cash Back at Retailers Including Hotels.com
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Samsung Pay, the mobile wallet developed for the electronics giant’s smartphones, will begin offering cash-back rewards for users who shop at select retailers, including Walmart and Groupon.
Most of the retailers Samsung has partnered with so far are offering cash back in the range of 5%, according to Android Police. The full list of initial partners includes 1-800-Flowers, Asos, Booking.com, Boxed, Cheapoair, Drizly, eBags, eBay, Etsy, Hotels.com, HotelStorm, Jet, Overstock and SeatGeek.
Samsung says cash back will be awarded on the entire purchase less shipping and taxes. Some limited product exclusions apply.
Nana Murugesan, Samsung’s vice president and general manager of services and new business, explained how the cash-back program works:
“In the new Cash Back section of the Samsung Pay app’s home screen, users will find a range of exclusive offers from leading retailers. When they click on the offer they want and complete a purchase through the participating merchant, the user will receive a percentage back on their purchase which they can then spend toward a purchase — anywhere they use Samsung Pay. The app is now a cash register, a marketplace, and a piggybank.”
The feature began rolling out this week in updates to the Samsung Pay app.
Any cash back you earn by using Samsung Pay at checkout would be on top of any rewards you receive from the credit card linked to your mobile wallet account. There aren’t many credit cards that offer bonus category rewards for spending at the retailers announced so far in the partnership, which means in most cases you’d be adding typically 1 point or 1%-2% cash back using your preferred credit card on top of the Samsung Pay reward.
One intriguing option, though, is using your Capital One Venture Rewards Credit Card or Capital One VentureOne Rewards Credit Card to earn 10x miles back at Hotels.com, while also enjoying the cash-back bonus by conducting the transaction via Samsung Pay.
One thing to keep in mind: Since the cash back remains on your Samsung Pay app, the only way to redeem it is through another purchase with the app.
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