Visa (V) shares rose more than 2% on Monday to trade at $362.96 after the payments company announced a new credit card launched on its network through a partnership with Samsung.

The product, called the Samsung Galaxy Card, is being described as a first-of-its-kind launch for Samsung because it gives the electronics company its own branded credit product for the first time. The card operates on Visa’s network and offers a tiered cash rewards program tied to Samsung services and purchases.

Base rewards begin at 2% cash back for streaming purchases. Transactions made through Samsung Wallet earn 3% cash back. Samsung VIP customers are eligible for 5% cash back when purchasing or renewing a Samsung VIP Advantage membership, along with 20% off the membership itself when payment is made with the Galaxy Card. That rewards structure links the card directly to Samsung’s wallet, membership, and device-services ecosystem while routing transactions over Visa’s payments network.

New cardholders can also qualify for an additional $200 in cash rewards if they spend $2,000 during the first 90 days.

Credit Card Demand Remains Broad

The launch comes against a backdrop of widespread credit card use in the United States. According to the source, 81% of Americans hold at least one credit card, and the average consumer has three cards, leaving a large addressable market for new credit products.

For payment networks, partnerships with consumer brands can be important because they add another channel for card issuance and everyday spending without requiring the network itself to take on the role of lender. In Visa’s case, the article’s cited financial profile reflects that network-based model, where transaction volume is central to revenue and margins.

Jim Cramer discussed Visa during a recent episode of Mad Money, calling Visa the most used credit card and saying that 60% of cardholders have one. He also pointed to Visa’s chart performance, saying the stock has been “roaring higher on terrific relative strength.” Cramer added that the chart does not resemble one of a company whose customers are being squeezed.

Visa’s Financial Metrics Draw Attention

Visa’s business model remains a key part of the company’s financial profile. The company posted a 50% net profit margin in fiscal 2025, supported by an asset-light structure in which additional transactions can add margin with relatively little incremental cost.

Free cash flow totaled $2.6 billion in the first three months of 2026. Management allocates most of that cash toward share buybacks, while also paying dividends.

Visa’s price-to-earnings ratio stands at 31.2, roughly in line with its three-year average. Analysts cited in the source view that valuation as fair given the company’s operating history.

Wall Street currently has a Strong Buy consensus rating on V stock, based on 25 Buy ratings and two Sell ratings issued over the past three months. The average price target is $395.88, implying about 9% upside from current levels.

Visa has 5 billion cards in circulation across more than 200 countries. Its network effect, in which more merchants attract more cardholders and more cardholders attract additional merchants, is considered one of the broadest economic moats in the market.

The company’s diluted earnings per share have increased at a compound annual growth rate of 16% over the past decade. Analysts expect low double-digit gains going forward.

Visa shares are up more than 2% year-to-date and are trading near their 52-week high of $365.14.