Sony playstation credit card review

Sony introduces the PlayStation credit card

According to Sony’s announcement, “Working with our colleagues over at Sony Rewards and Capital One, we are excited to present a new PlayStation Credit Card with rewards designed specifically with gamers like you in mind. Beginning today, we’re inviting all of our fans to start turning your everyday purchases into a number of amazing rewards and benefits.”

However just like all credit cards, it will be subject to approval, but should you get approved gamers can expect a $50 PlayStation Store code, which according to Sony basically means that you kind of get one game for free. Given that this is also done in collaboration with Sony Rewards, there will be points that gamers can earn, like 5x points when purchasing via the PlayStation Store or when buying PlayStation or Sony products.

Gamers can also get points for paying their mobile phone bills and making other purchases. There will also not be an annual fee and gamers can even customize their cards. The details and signup page can be found on Sony’s website so head on over if you’d like to learn more.

Sony Launches PlayStation Credit Card With $50 Store Credit

Sony is launching a new PlayStation-branded product this week, but it isn't a games console or game for your PS4. Instead, Sony teamed up with Capitol One to offer a PlayStation credit card complete with some PlayStation-friendly rewards.

The market is already overflowing with credit cards and offers, but for the true PlayStation fan this card may be too tempting to pass up. After you become a card member and register an account it's possible to customize the design of the credit card you'll receive. The customizations include "game-inspired designs," but it's unclear how many designs are available. The two revealed so far show artwork from Uncharted and Killzone.

Once you have the card, there are a range of bonuses to take advantage of. The first is $50 of PlayStation Store credit, which will be made available after making your first purchase. Sony and Capitol One are also offering 50 percent back on the cost of a PlayStation Plus 12-month membership if you spend $3,000 within a year. There is also 10 percent back on PlayStation Vue, PlayStation Music, and PlayStation Now purchases.

The card offers a generous reward points system if you buy a lot of PlayStation/Sony goods. Everything bought on the card earns you one point per dollar spent. However, mobile phone bills earn you three points per dollar, where as PlayStation and Sony product purchases earn you five points per dollar, and that includes PlayStation Store spending. Those points are converted into Sony Rewards, with 100 points equalling $1. The Reward dollars can then be spent on a whole range of Sony products including games, Sony electronics, music, movies, subscriptions, and downloadable content.

Purchases made until March 2018 get zero percent APR, but after that a variable rate of between 14.99 and 24.99 percent applies. There is no annual fee. The same rule applies to this credit card as any other: if you can pay your bill every month and avoid any interest, then it may be worth signing up for to get the rewards. $50 of PlayStation Store credit is the most tempting part of the offer, but the reward points will also quickly add up if you buy a lot of PlayStation Store digital content.

Sony Playstation Credit Card Review - My impressions and free $50 when you sign up!

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PlayStation® Card from Capital One® Reviews

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From Cardholders in the last year

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ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL

4.5 out of 5 stars

4 out of 5 stars

  • Balance Transfer Intro APR Not Applicable
  • Balance Transfer Regular APR 15.24% - 24.99%* Variable
  • Annual Fee $0
  • Purchase Intro APR 0%* until October 2018
  • Purchase Regular APR 15.24% - 24.99%* Variable

These reviews were written by current and former cardholders in the last year.

Would highly recommend this card to someone with a low score looking for rewards or a PS Gamer of any score.

Part of my credit rebuilding journey after falling into default during extenuating circumstances. Using this card to pay my phone bill, for any PSN and other Sony related purchases. Getting the $50 PSN bonus after acquiring the card and the frequent amount of $20 PSN card redeems has helped pay for a few games. The 10X bonus rewards from Sony related purchases can really add up fast. I can't see myself using this card enough to get the bigger rewards, but the PSN card redeems are easily obtainable from simply paying your phone bill every month at 3x rewards.

As another reviewer stated, make sure to pay your bill off by due date and wait about 5 business days for them to post, so you get zero balance posted to your monthly report.

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1 month after my BK I received the approval letter. Other capital one credit cards I was denied for. Definitely, a great card with no annual.

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Used to be good; not so much anymore

The old PlayStation card had 10x earn on PS Store, which was great. This one only earns half as much and it's not as easy to redeem as it should be. I also bought some Sony speakers and it was a real pain to ge the extra points (had to mail in a form!).

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Great card for low credit score

This card is really good if you have a low credit score.

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For me is a excellent credit card

In summary for me it is tremendous credit card, excellent to obtain points with purchases made with this card and then redeem in Sony articles.

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I was approved with a TU of about 580 (TU) 579 (EU) and I was approved for $500 CL! This makes my third Capital One CC and my Platinum and QS1 both stated me with $300 and have had to work my CL up. This card is great like the others especially with the app. If you pay off your cards on the due dat, and wait about 5 days to use it again, you will see your Credit go up. You want to wait no less than 5 days because the company reports to the credit bureau roughly 4-5 days later. They see $0 balance, your Credit goes up. DON'T MISS YOUR DUE DATE. They will mark you late if you don't pay by 8:00 that day. Trust me.

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Thank you so much for the information, it was extremely helpful!!

Thank you for the info. Very helpful

how? i have 670 tu/eu and was rejected

I learned if you apply for more than one capital one credit card within 30 days you will be rejected for the 2nd. If you haven't just wait 30 days n

and I'm sure you'll get it. If you have other credit cards, make sure your balance on them are low, this can also affect it.

Instant Approval 3 Months out of BK7

I'm officially 3 months out of Bankruptcy. On the day of my dischange, I applied for 2 Capital One cards. Instant approval for Platinum for $1000 and Quicksilver One for $500. 3 months later, I applied for this Playstation card (also issued by Cpaital One), and was instantly approved for $750. Credit Karma scores are TU 557 & EQ 555. Aside from the credit cards, I have 3 student loans still reporting. This is officially my last card application for the next 2 years. Capital One has been very friendly to me with my post BK7 rebuilding strategy.

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How were you approved for $1000 for Capital One Platinum card??

Did you have any CC balances when you filed BK7? I’m trying to rebuild my credit after I filed BK7 but was denied by Capital One.

I was surprised to get approved. My credit score is low (579 TU) (595 Equifax). The limit is low, only $500, but it's a start.

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The best credit card for gamers..

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Recently Applied for the card and was approved for a $750 CL with around 625 score on both TransUnion and Equifax. Had a Capital one card with a low limit already. I highly suggest if your a PlayStation gamer as you get 5000 points which equals a $50 PSN card after your first purchase.

Also could help if your an occasional gamer to boost up your Available Credit plus the 10X rewards on PS Store purchases is a huge plus.

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See Your Approval Odds Before You Apply

Sign up for a free membership, and Credit Karma can estimate your chances of approval based on your credit profile. You’ll also get:

  • Credit scores and reports
  • Credit monitoring
  • Personalized recommendations

See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the 'Apply Now' button, you can review the credit card terms and conditions on the provider's website.

† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.

‡ Average score refers to the arithmetic mean and typical low score to the 5th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from June 2014 through November 2014. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.

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PlayStation® Card from Capital One® (Review) – Earn 10x Sony Rewards

PlayStation® Card from Capital One®Learn More

  • Sign-up Bonus: 5,000 Points after your first purchase within 90 days from account opening
  • Rewards: 10 Points per $1 spent on all PlayStation® Store purchases. 3 Points per $1 spent on PlayStation® and Sony® purchases at authorized retailers, with purchase confirmation. 3 Points per $1 spent on fast food restaurants, movie theatres & your mobile phone bill . 1 Point per $1 spent on all other purchases.
  • Intro APR: 0% intro on purchases until February 2018
  • Fees: Greater of $10 or 3% cash advance fee; no foreign transaction fee
  • Annual Fee: $0
  • Credit Needed: Good

Learn more about this card and find out how you can apply here.

The PlayStation® Card from Capital One® is a branded rewards credit card with no annual fee and a complicated loyalty program (Sony Rewards) that favors PlayStation and Sony purchases, as well as certain other spending categories. Note that before you can start using this card, you need to sign up separately for Sony Rewards – a fairly quick and easy process.

Once accumulated, Sony Rewards points can be redeemed for a wide variety of electronics, entertainment, special experiences, gift cards, online store codes (including PlayStation store codes, which are very valuable to this card’s target audience), and more. Sony Rewards points’ redemption values vary wildly, depending on how they’re redeemed. They’re worth $0.01 apiece or less when redeemed for gift cards and full-priced merchandise, and up to several times that amount when redeemed for special, limited-time deals and items sold through online Sony auctions.

Though this card is backed by Capital One, it’s not tied to Capital One’s cash back or travel rewards programs. In fact, it’s useful to think of the PlayStation Card as a modern, omnichannel store credit card for Sony – it just happens to have the Capital One logo on it.

Since the PlayStation Card from Capital One is a bit different from traditional cash back and travel rewards credit cards, it’s hard to make apples-to-apples comparisons with other cards. The closest analogue is the Sony Card from Capital One, which uses the same rewards currency in support of a similar (albeit differently weighted) rewards program. The PlayStation Card also shares some similarities with other Capital One partner cards, such as the BuyPower family (Cadillac, Buick, GMC, and Chevrolet) of cards, and the Plenti Credit Card from American Express.

In a broader sense, the PlayStation Card has much in common with cash back cards tied to broad-based redemption portals, such as Chase Ultimate Rewards (Chase Freedom and Chase Sapphire Preferred, among many others), Citi ThankYou (Citi ThankYou Preferred and Premier), and American Express Membership Rewards (AmEx EveryDay, and others).

If you make at least one purchase within 90 days of opening your account, you get 5,000 bonus Sony Rewards points.

The PlayStation Card earns an unlimited 10 Sony Rewards points per $1 spent on all PlayStation Store purchases, including PlayStation games and in-game credits.

The PlayStation Card earns an unlimited 3 points per $1 spent on PlayStation games and Sony-branded purchases (such as electronic equipment) at Sony authorized retailers (generally independent or chain-store electronics retailers), of which there are more than 1,000 in the U.S. However, to earn 2 out of those 3 points, you need to complete a Sony Rewards Bonus Points form online, and then send it both electronically and by mail (with purchase confirmation attached) to the program administrator. You must do this for every purchase you wish to earn the extra points for, no matter how large or small.

The PlayStation Card also earns an unlimited 3 Sony Rewards Points on fast food restaurant, movie theater, and mobile phone bill (not hardware) purchases, with no Bonus Points form required for any of these categories.

Finally, the card earns an unlimited 1 point per $1 spent on all other purchases. Points expire 5 years after the last day of the month in which they’re earned.

Redeeming Rewards for Purchases

You can redeem accumulated rewards for a wide variety of general merchandise, entertainment items (including movies, music, and games), gift cards, and experiences at the Sony Rewards portal. For ideas, browse Sony’s general catalog of thousands of full-price or slightly discounted merchandise items, entertainment items, and gift cards.

Redemption minimums start as low as 500 points and redemption values usually a bit lower than $0.01 per point. PlayStation Card users sometimes receive special deals not available to regular Sony Rewards members, but these are variable and hard to predict.

Beyond the general catalog, Sony offers a handful of items per day through its Deals & Steals feature, which offers deep discounts (from 10% to more than 50% off full price) on electronics, music, and other merchandise.

If you don’t have enough points to redeem for a particular general catalog or Deals & Steals item, you can make up the difference by purchasing additional points at a flat $0.01-per-point rate.

Redeeming Rewards in ShowStoppers Auctions and Reverse Auctions

You can also redeem your Sony Rewards in periodic auctions.

ShowStoppers auctions are auctions for Sony-branded collectibles and experiences, such as private events and signed memorabilia, that are unavailable or hard to find elsewhere. The ShowStoppers auction process works similar to other online auctions, except you use Sony Rewards points to set your bids. If you don’t have enough points to bid, you can make up the difference by purchasing additional points for $0.01 apiece.

Separately, Sony offers monthly, 10-hour Reverse Auctions – which are more like timed sales than traditional auctions – on the third Wednesday of every month. Every hour, the listed prices of Reverse Auction items drop by a predetermined amount. You can wait as long as you want to make your purchase, but supplies often run out before the 10-hour limit. PlayStation cardholders usually get deeper discounts (relative to non-cardholding Sony Rewards members) during Reverse Auctions, though Sony doesn’t go into detail about how the difference is calculated.

Because item prices fluctuate so much during these auctions, particularly for special experiences that may not have set retail values, it’s difficult to make general statements about points’ redemption values here.

The PlayStation Card has a 0% purchase APR through February 2018.

There is no annual fee, balance transfer fee, or foreign transaction fee. The cash advance fee is the greater of $10 or 3% of the advanced amount. Returned payments cost $35. Late payments cost up to $35.

This card requires good credit. A credit ding or two probably won’t disqualify your application, but more serious issues will.

  1. No Annual Fee. The PlayStation Card doesn’t have an annual fee – great news for budget-conscious cardholders and those who don’t use the card enough to offset a recurring charge.
  2. Rapid Point Earning Rate on PlayStation Purchases. This card earns 10 points per $1 spent on PlayStation purchases – a fantastic earning rate that’s hard to match in absolute terms. Even at conservative redemption rates of $0.005 to $0.01 per point, that’s an effective return of 5% to 10% on every $1 spent with PlayStation.
  3. Nice 0% Intro Purchase APR Period. The PlayStation Card offers a 0% purchase APR deal through February 2018. This is a great benefit for new cardholders who need to make large purchases – and rack up the Sony Rewards points – in short order.
  4. Decent, Easily Attainable Sign-up Bonus. This card’s 5,000-point sign-up bonus is easy to attain – you just have to make a single purchase within 90 days of opening your account. That’s far easier than some competing cards, which require you to spend $1,000 or more within the same time-frame. And some comparable cards, such as the Discover it family of cash back and travel rewards credit cards, don’t offer sign-up bonuses at all.
  5. Points Can Be Redeemed for a Wide Range of Merchandise and Experiences. The Sony Rewards marketplace is extensive. Its merchandise stock is similar to what you’d find in a big-box electronics store, with some discounts approaching or exceeding big-box store clearance prices. The experience selection, while thinner, is potentially more valuable for those to whom the experiences appeal – for instance, fans who get a signed poster or VIP treatment at their favorite artist’s concert. Capital One’s consumer cash back cards (Quicksilver and QuicksilverOne) restrict redemptions to cash and cash equivalents, which is a big drawback for cardholders seeking memorable experiences and merchandise.
  6. Lots of Opportunities to Boost Point Values. While the value of Sony Rewards points varies by redemption method and doesn’t always compare favorably to competing loyalty programs, the PlayStation Card does give you lots of opportunities to stretch their value further. In particular, poorly attended ShowStoppers auctions, certain Deals & Steals items, and monthly Reverse Auctions, offer rare values that simply aren’t available in the Plenti, Membership Rewards, or Ultimate Rewards programs.
  1. Rewards Program Is Very Complicated. Though it offers a wide range of redemption options, particularly for people who enjoy electronics and entertainment, the Sony Rewards program is exceedingly complicated and comes with a lot of fine print – on par with many branded hotel and airline loyalty schemes. In particular, Sony Rewards redemption options that offer the most potential value, such as auctions and Deals & Steals, also require the most work, have the thinnest selection, and present the greatest likelihood of failure (in the case of auctions). If you’re looking for a similar program that’s a bit easier to understand, opt for a card tied to Chase’s Ultimate Rewards or Citi’s ThankYou portal.
  2. Need to Submit a Bonus Points Form for Authorized Retailer Purchases. To earn 3 points per $1 on purchases made with Sony authorized retailers, you need to complete and send in a Sony Rewards Bonus Points form – which basically functions as a rebate form. This is a time-consuming step that you must complete for every Sony authorized retailer transaction. While it’s potentially worthwhile for large purchases, it’s not likely to be worth your time for smaller transactions. Most other rewards cards with tiered spending categories, including Chase Freedom, Discover it, and Capital One BuyPower, don’t make you jump through this hoop.
  3. Points Can’t Be Redeemed for Cash. One thing Sony Rewards points can’t be redeemed for is hard cash – the most versatile redemption option of all. If you want a rewards card that does allow cash redemptions, consider Capital One Quicksilver, Chase Freedom, or Discover it.
  4. Rewards Expire. Your Sony Rewards points expire five years from the last day of the month in which they’re earned. While this isn’t a super-short time-frame, it’s annoying to have to worry about your points sunsetting at all. Points earned with other Capital One rewards cards stay active for as long as your account remains open.
  5. No Returns. All Sony Rewards purchases are final. If a purchased product is defective or you’re not satisfied for any other reason, you have no recourse. In certain situations, such as special events canceled due to extraordinary circumstances, Sony may elect to issue refunds on a case-by-case basis. However, you shouldn’t expect these exceptions as a matter of course.

The PlayStation® Card from Capital One® isn’t your typical rewards credit card, and Sony Rewards isn’t your typical rewards program. Both are a bit more complicated than the average competitor. That’s off-putting for many prospective cardholders, including casual gamers and fans who’d normally be intrigued by the idea of redeeming points for merchandise and entertainment.

On the other hand, if you’re a serious PlayStation user who also loves electronics and entertainment, you’re likely to find this card valuable. Like most niche products, its appeal isn’t readily apparent to outsiders – but it couldn’t be more obvious to those in the know.

For more options, check out our other credit card reviews. Many have flexible terms, low interest rates, and great rewards.

Learn more about this card and find out how you can apply here.



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