Sony and Capital One Launch New PlayStation Credit Card
Sony and Capital One have partnered to create a new PlayStation credit card. The PlayStation Card is backed by Visa, and gives a number of awards for gaming enthusiasts.
Sony is offering five rewards points per $1 spent at the PlayStation Store or on PlayStation or Sony products. Users can also earn three points per $1 spent on mobile phone bills. All other purchases earn one point per $1.
According to the rewards program FAQ, Sony Rewards can be used for games, collectible items and “exclusive Sony once-in-a-lifetime experiences.” The points do expire, but cardholders will have five years to use their rewards.
The current sign-up bonus offers a 50% statement credit applied toward a PlayStation Plus Membership. To earn this, users must make $3,000 worth of purchases on the card within the first year. Cardholders can also earn a 10% statement credit for purchases made on PlayStation Now, PlayStation Music or PlayStation Vue.
The PlayStation Card has no annual fee and 0% APR on purchases through March 2018. After that, there is a variable APR of 14.99% to 24.99%, depending on your credit worthiness.