Typical score
640+
Soft-pull prequal
No
Inquiry tolerance
5
Expected credit pull
What hits your report and when.
TD Bank underwrites the Samsung Financing account with a hard pull (typically Equifax or TransUnion). It's a revolving line, so an approval also adds available credit.
Reporting
Reports monthly as a revolving account — helps utilization if you keep the balance low, hurts it if you max the line.
Deposit / down payment
No deposit. Approved lines start around $500–$3,000 depending on the file.
Eligibility requirements
What the provider checks before approving.
- 18 or older with SSN, US resident
- Approvals commonly near 640 FICO
- Income disclosed on the application and sometimes verified
- Fewer than ~5 recent inquiries recommended — TD is inquiry-sensitive
- Purchase made through Samsung.com or the Shop Samsung app
Required documents
Have these ready before you start the application.
Government IDRequired
Identity verification and fraud screening before any account opens.
SSN or ITINRequired
Used to pull credit and set your deposit / financing tier.
Income / paystubRequired
Confirms you can carry the monthly installment payment.
Likely outcome by credit tier
How the decision usually lands.
Strong (700+)
Higher line, 0% promo for 24–48 months
Mid (640–699)
Smaller line, shorter promo window
Rebuilding (<640)
Likely decline — carrier EIP is the better path
Before you apply
Ways to protect your report.
- A large phone charge on a small line spikes utilization — pay it below 30% quickly.
- Avoid applying within 30 days of other card applications.
Revolving line for Galaxy phones with 0% promos; reports as a regular credit account.
Compiled from publicly published provider terms and widely reported approval patterns. Providers change credit classes, deposits and document rules without notice — nothing here is a preapproval.