Samsung Enters Another Field

Source

Samsung is trying to enter another new Field and this time it is not Blockchain but it's actually Credit Cards. Samsung has launched a few Credit Cards with a tie up with Axis Bank and the benefits of those Cards are supposed to be related to Samsung Products but it is yet not clear if there would be any other benefits or cashback included for all transactions.

For example the Samsung Credit Cards have a hard limit set both on a Monthly basis and a Yearly Basis as well. The monthly limit is about 2500 INR while the Yearly limit is 10000 INR. Now I am wondering what usefulness will this 10000 INR do especially since there are several other Credit Cards that give way more than that and that too at a Minimum Cost.

Just for your information the Credit Card I currently use gives me a Cashback of around 4000 - 5000 INR every month depending upon my spendings so annually it's around 50000 INR which is 5 times the Cashback the Samsung Card will give out. So there is very little Incentive for me to even try out this new Credit Card from Samsung. The only thing that is a little good is a 10 percent discount that this card will give for any Samsung Device purchased but even that is not clear if tehe Discount has a limit or not.

So yeah definitely not looking forward to getting this Card for myself.