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[Hanmik]

Just recieved an email with an offer from sony..

so they want you to get a credit card from them.. and you get 50$ on the card after you purchased something for the first time..?

they linked me to this site:

http://www.sonyrewards.com/en/gateway/?offerlink=psemail50psn0123&campaigncode=NI249JPD

so you get those new Playstation Points (what is that?) for every purchase you make as an added bonus.. but what is Playstation points..?

also this is listed as on the website..

Purchase APR: 0% intro rate until December 2013, between 13.9% - 24.9% variable thereafter. Transfer APR: between 13.9% - 24.9% variable. Cash Advance APR: 24.9% variable. Penalty APR: 29.4% variable. APRs in effect as of 01/01/13 and may vary with the market. Cash Advance Fee: greater of 3% of the advance amount or $10. Minimum Finance charge $0.50.

†Must be a registered member of Sony Rewards and redeem through SonyRewards.com. You must make your first purchase within 90 days of account opening in order to qualify for this bonus. To be eligible for this offer, the account must be open and in good standing at the time the offer will be applied to the account. Please continue to make minimum payments.

Credit approval required. Terms and conditions apply. The PlayStation®Card is issued by Capital One, N.A., pursuant to a license from Visa U.S.A., Inc.

The number of Sony Rewards points required for merchandise in this page is subject to change without notice. Products shown are subject to availability. While every effort is made to ensure the accuracy of this page, Sony is not responsible for any typographical, product pictures/illustrations, or pricing errors.

Limited time offer is for new PlayStation®Card accounts only and is not available on existing accounts. This offer is non-transferable and is limited to a one-time use. Offer is available only to customers 18 years of age and older with sufficient independent income to qualify.

is this a good deal..? and what do people think about this, I seem to remember some problems with Sony and credit card numbers some years ago.

 

[Taurus]

and what do people think about this, I seem to remember some problems with Sony and credit card numbers some years ago.

Sony's Internet security has been flawless as long as I can remember.

 

[benny_a]

I seem to remember some problems with Sony and credit card numbers some years ago.

You do? Can you expand on that? I only remember that one incident where journalists had to retract their claims after calling something out that couldn't be substantiated.

 

[IrishNinja]

valve should do this, i could mortgage a house and get most of the Railworks DLC in the process

 

[Hasney]

According to a blog poster on the PLaystation official blog:

The points you earn on the PlayStation Card are good toward PS3, PSP and PS Move hardware, games and accessories, as well as PlayStation content like PSN codes to load your wallet and PS Plus subscriptions. In addition, your points can get you the latest Sony electronics, music, movies, gift cards and more.

So basically it's a Club Nintendo like site where you exchange points for things. You just get more points for buying Playstation things.

If you want a credit card and the APR is competitive, it seems a good deal. It's not something you should rush out and apply for though.

 

[maquiladora]

Sony's Internet security has been flawless as long as I can remember.

It's just a branded Visa card, lol.

 

[bigtroyjon]

Looks like the typical Sony card with Playstation branding.

You are generally going to be better off with a cash back card where you can spend the rewards on anything you want. In this case it depends on the value of the points. If 1 point is similar to 1% back, then this card would be a great deal if you spend a lot of money on PSN, essentially 10% off everything you buy.

 

[ColdBlooder]

Btw, this is still a regular Visa/Master card. Its only Playstation themed and had a few PSN goodies attached to it.

Sony didn't all of a sudden become a Bank...

 

[RuneFactoryFanboy]

I have one, it's just a Playstation branded Capital One card. I got it way back when they had that promotion you could get a PS3 for $200 for signing up.

It's kind of neat, you earn 1 cent on every dollar you spend in SonyStyle credit. I generally use mine for PSN cards, but I have redeemed a reciever/sound system and a Vita with my points. Like the previous poster said though, at some point I'm just going to switch to a general card that gives me 1% back so that I'm not tied to Sony stuff.

 

[msdstc]

Big bump here, but strongly considering doing this for the 50$ psn and occasional small purchases just to build some minor credit. This would be my first credit card, am I tied into anything here, and are there any hidden fees I should know about? For instance I've heard some places will charge you if you're not using the card enough.

 

[Aselith]

It's a Visa card where you get reward points for purchases that you can spend on Sony Rewards: http://www.sonyrewards.com/en/home/

I got one recently and it seems fine if you want to get your points toward stuff on there. Got my $50 PSN card with no problems.

Just another creidt card. Pay it off on time and you'll never have to worry about APR and no annual fee.

 

[msdstc]

It's a Visa card where you get reward points for purchases that you can spend on Sony Rewards: http://www.sonyrewards.com/en/home/

I got one recently and it seems fine if you want to get your points toward stuff on there. Got my $50 PSN card with no problems.

Just another creidt card. Pay it off on time and you'll never have to worry about APR and no annual fee.

So no fees if I barely or never use it?

 

[patsu]

Yes I got one. No fees for me when I applied. It's my backup card. I only use it once when I lost my other card overseas.

 

[Riposte]

Reading the title, I thought this thread would be about a really young gaf member finding a ps1/ps2 memory card in a garage or something.

 

[Daedardus]

Those fees :/. Are all credit cards like this? I'm still enjoying the entirely free debit card I have

 

[Dreamgazer]

It's a regular visa branded credit card with points rewards that's redeemable at Sonyrewards.com.
You just get a $50 PSN code for signing up.

As for whether or not this is a good deal...I would say no.
$50 PSN Code/$50 Sony gift card simply isn't that great of an offer.
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I have the regular Sony Card since the PS3 launch that offered $100 off any Sony Purchase:

It use to be a good card when it was still under chase, when they'll have online games to giveaway free point.
However, now it's managed under CapitalOne, and pretty much the only free points you can earn are for watching movie trailer. I only keep it around since CapitalOne has no foreign transaction fees + PSN purchase is 5x point on the card.

 

[Aselith]

So no fees if I barely or never use it?

Nope though you also won't accrue points but at least you get the PSN card.

Those fees :/. Are all credit cards like this? I'm still enjoying the entirely free debit card I have

What fees do you mean? Like cash advance or the APR? Most APR's are high on cards where you can earn points, get something without rewards and it'll typically be lower BUT if you pay of the debt by the end of the month you don't get hit with the APR anyways so you should get the one with rewards to get the points if you typically pay your card off.

 

[msdstc]

It's a regular visa branded credit card with points rewards that's redeemable at Sonyrewards.com.
You just get a $50 PSN code for signing up.

As for whether or not this is a good deal...I would say no.
$50 PSN Code/$50 Sony gift card simply isn't that great of an offer.
-------------------------------------------------------------------------------------------
I have the regular Sony Card since the PS3 launch that offered $100 off any Sony Purchase:

It use to be a good card when it was still under chase, when they'll have online games to giveaway free point.
However, now it's managed under CapitalOne, and pretty much the only free points you can earn are for watching movie trailer. I only keep it around since CapitalOne has no foreign transaction fees + PSN purchase is 5x point on the card.

But hows it not a good deal? Seems to be a free 50$ on the psn, with a bunch of games I wanted to grab.

Nope though you also won't accrue points but at least you get the PSN card.




What fees do you mean? Like cash advance or the APR? Most APR's are high on cards where you can earn points, get something without rewards and it'll typically be lower BUT if you pay of the debt by the end of the month you don't get hit with the APR anyways so you should get the one with rewards to get the points if you typically pay your card off.

Would it affect my credit in anyway if I rarely used it?

 

[Aselith]

Would it affect my credit in anyway if I rarely used it?

I believe it does not but I don't know enough about the creditscore system to say for sure.

 

[baekshi]

This is a bad deal. Either search a credit card thread in the OT forum or make a new one on OT.

 

[Zoe]

But hows it not a good deal? Seems to be a free 50$ on the psn, with a bunch of games I wanted to grab.

It's more like you can do better than this card.

As baekshi said, search in the OT. We've had several credit card threads.

 

[UFRA]

As others said, it's actually a Capital One Visa card with a Playstation logo on it and some benefits specific to PS.

I got it and use it exclusively for my PSN purchases since you get 10x the points for that, which really adds up your Sony points pretty quick. Especially since I like to keep my PSN wallet full all the time.

It's a good card and I've had no issues with it. Looks pretty sweet in person too.

 

[Evolved1]

Big bump here, but strongly considering doing this for the 50$ psn and occasional small purchases just to build some minor credit. This would be my first credit card, am I tied into anything here, and are there any hidden fees I should know about? For instance I've heard some places will charge you if you're not using the card enough.

You're gonna pay back that $50 and more in interest before you even blink...

 

[dubq]

Sony's Internet security has been flawless as long as I can remember.

Wow, I hope you're joking..

 

[UFRA]

You're gonna pay back that $50 and more in interest before you even blink...

#TeamPayBillInFullMonthly

 

[AnbaLeumas]

I signed up for one last week. Hope I get it. If you lie on the application would they really try that hard to make sure you're not lying? (This of course goes to the people who lied about their income and actually received the card.)

 

[UFRA]

I signed up for one last week. Hope I get it. If you lie on the application would they really try that hard to make sure you're not lying? (This of course goes to the people who lied about their income and actually received the card.)

I got this card and they only gave me a $5,000 limit. I'd say most people can get this card without lying. I was honest, and I make about $60,000/year. I wouldn't recommend lying. Anything where credit score/report is involved I wouldn't want to be caught doing something wrong.

Also I have great credit, a score of like 753 last time I checked a year ago. So clearly they just have a low default limit on this card, maybe to make it easy to obtain.

 

[AnbaLeumas]

I got this card and they only gave me a $5,000 limit. I'd say most people can get this card without lying. I was honest, and I make about $60,000/year. I wouldn't recommend lying. Anything where credit score/report is involved I wouldn't want to be caught doing something wrong.

Also I have great credit, a score of like 753 last time I checked a year ago. So clearly they just have a low default limit on this card, maybe to make it easy to obtain.

That sounds reasonable. Is there any way to check my credit score for free without any hassle and extra sign up stuff?

Spoiler

and I make nowhere near as much as you lol

 

[Zoe]

That sounds reasonable. Is there any way to check my credit score for free without any hassle and extra sign up stuff?

Spoiler

and I make nowhere near as much as you lol

http://www.creditkarma.com/

Transunion though, and only an estimate.

 

[Phonomezer]

I signed up for one last week. Hope I get it. If you lie on the application would they really try that hard to make sure you're not lying? (This of course goes to the people who lied about their income and actually received the card.)

Don't lie! Knowing banks, they'll probably just give it to you if you're at least employed, lol.

My first (and second last >_>) credit card gave me an $8000 limit when I was 18! A MESS.

 

[AnbaLeumas]

http://www.creditkarma.com/

Transunion though, and only an estimate.

Thanks I'll check it out now.

 

[AnbaLeumas]

http://www.creditkarma.com/

Transunion though, and only an estimate.

What are the differences? My transunion seems to be the lowest number. Why is that?

The rest are almost 800.

 

[Artex]

ITT people who have no idea how credit card rewards programs work. :|

 

[Zoe]

What are the differences? My transunion seems to be the lowest number. Why is that?

The rest are almost 800.

On that site? Those aren't credit scores.

The other two bureaus are Equifax and Experian. All of my major cards use one of those. Only my store cards use Transunion.

 

[UFRA]

What are the differences? My transunion seems to be the lowest number. Why is that?

The rest are almost 800.

Found this answer online, take it with a grain of salt:

Credit scores are going to be different between the bureaus, banks, score models, and companies that provide consumer access to credit score and credit reports.

Credit scores are developed on the basis of two things: the consumer data at the credit bureau and the algorithm used to score the data. So, how come your credit scores never match from one provider to another? First, the credit data that comprises the credit report at each of the three credit bureaus -- Equifax, Experian, and TransUnion -- is very likely to be different. Second, the scoring algorithm that is applied to that credit data is also likely to be different. By different, we mean the actual algorithm calculation will be different, such as applying more and/or less weight to different categories. Finally, the credit score range used to scale your credit score may be different.

With all these differences, keep in mind one thing – all credit scores predict a consumer's propensity to repay a loan. If you monitor and trend your credit score at the same provider over time, the changes in your financial health will be revealed in your credit score regardless of what bureau, model, and range you use.

Either way if you're in the high 700's, you're good to go.

 

[AnbaLeumas]

On that site? Those aren't credit scores.

The other two bureaus are Equifax and Experian. All of my major cards use one of those. Only my store cards use Transunion.

What are the other scores then? And how can I check my score with Equifax and Experian?

 

[AnbaLeumas]

Found this answer online, take it with a grain of salt:



Either way if you're in the high 700's, you're good to go.

Ah. I hardly understand but it's something lol. Thanks.

 

[Zoe]

What are the other scores then? And how can I check my score with Equifax and Experian?

It tells you on the site what they are. One is used for auto insurance, don't remember what the other one is used for. If you want the other two, you have to pay or sign up for a trial somewhere.

 

[xXJonoXx]

I recently signed up for this card for the $50 PSN Code. Got the card in the mail, made a $10 purchase at Wal-Mart and got an email with the instructions to redeem my reward for the $50 PSN code on sonyrewards.com about 2 days after the purchase. You just add a $50 PSN code to your cart and they give you a one time use promo code to take $50 off the price, so free. Email is then sent to you with the PSN code to apply the $50 to your wallet.

There is no fee for the CC and I never have to use it again if I don't want to. Seemed like a good deal to me.

 

[Aselith]

You're gonna pay back that $50 and more in interest before you even blink...

If you are accruing interest on your credit card, you are fucking up badly. Pay it off at the end of the month. Don't spend what you don't have.

 

[SiteSeer]

i've had the playstation card since it was serviced by chase. now it is capital one, like the previous poster said. the promo that got me into it was a $150 dollar credit after your first purchase about 6 years ago. a little after that i got 10000 points (equals $100) in a promo where i had to spend $1500 in three months (which was easy since i used my card for my reg purchases). sometime two years ago i got in on another promo where i got a $50 psn credit for spending $2000 in three months (which was easy since i used the card to finance a vacation). the last promo on this card was a spend $1000 a month and get 1000 points ($10), wasn't worth it for me. its a decent no annual fee card, but there are better cards out there that offer better points. it's a shame that no cards are offering crazy sign up deals like that $150 one, another victim of the great recession i guess.

 

[Delusibeta]

[Edit] Ahem, wrong thread.

[Actually relevent post] I suppose it makes sense for PlayStation to move into this sort of thing, you've call all sorts of companies having branded credit cards now. I think Chelsea football club had one a few years back, for example.