Co-branded credit cards seem to be available from almost every retailer or service you can think of. With niche credit cards tailored towards a specific kind of spending or activity, cardholders can start to earn credit card rewards in various ways. The PlayStation Visa has entered the fray to provide committed gamers with a card designed especially for them.
Comenity Bank issues the PlayStation Credit Card and allows those who make frequent purchases in the Sony or PlayStation Store to start building up rewards with no annual fee. Focusing on gaming fans, the card will be a great fit for those looking to earn discounts on their gaming spending, but you will not be able to redeem your points for money general savings as with other credit cards.
The Platinum Card® from American Express
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PlayStation Credit Card Review
In our article below, we will tell you everything you need to know about the PlayStation Visa card so that you can decide whether applying for this card would be a good idea for you. We’ll talk you through the rewards-building and redemption process as well as the sign-up offers you may benefit from.
How Do You Earn Points with a PlayStation Visa Card?
When you're approved for a PlayStation Visa Card, you'll automatically be enrolled in the Sony Rewards program. This program allows you to earn points on your purchases, which can then be redeemed for various rewards on the Sony Rewards website.
Earning Points:
- PlayStation and Sony Direct Purchases: Earn 5x points for every dollar spent on PlayStation or Sony products directly from Sony. (Note: This may require submitting a Sony Rewards Bonus Points Form for additional points.)
- Authorized Retailer Purchases: Earn 5x points for every dollar spent on PlayStation or Sony products from authorized retailers. (Note: This may require submitting a Sony Rewards Bonus Points Form for additional points. Check the Sony Rewards website for details.)
- Internet and Cable Payments: Earn 3x points for every dollar spent on internet and cable payments.
- Restaurant Purchases: Earn 2x points for every dollar spent at eligible restaurants.
- Other Purchases: Earn 1x point for every dollar spent on other eligible purchases.
Additional Tips from the Sony Rewards Website:
- Check for Bonus Offers: Sony may offer periodic bonus point promotions or limited-time offers. Visit the Sony Rewards website to stay updated on these opportunities to maximize your earnings.
- Redeem Points Wisely: Explore the various rewards available on the Sony Rewards website and consider the value you get for your points before redeeming them. Some rewards, like exclusive discounts or experiences, may offer better value than others.
Benefits Beyond Points:
While earning points is a key benefit of the PlayStation Visa Card, the Sony Rewards program offers additional perks you might find valuable. Check the Sony Rewards website for the latest information, but some potential benefits include:
- Exclusive Discounts: Enjoy special discounts on PlayStation products and other Sony merchandise.
- Early Access to Events: Get prioritized access or pre-sale opportunities for concerts, movies, and other events.
- Free Shipping: You might qualify for free shipping on PlayStation Store purchases or other Sony products.
Disclaimer:
Remember, information can change. It's always best to directly confirm details and the latest program offerings on the Sony Rewards website.
How Do You Redeem Your PlayStation Credit Card Rewards?
Once you have collected a good number of points with your card spending, you can redeem them using the Sony Rewards Catalog. Here you will be able to select PlayStation and Sony products including games, movies, TV shows, and gift cards. You need at least 500 reward points to start redeeming.
Your reward points can also be put towards tickets for concerts and other events. Rewards can also be put towards purchases on the limited “Deals & Steals” Sony sales.
If you need more points, you can purchase them from Sony for a penny for each point. These reward points expire after five years after which time they will become unavailable for purchases.
What Sign Up Bonuses Are Available for the PlayStation Credit Card?
As with many credit cards, the PlayStation Visa offers sign-up bonuses to entice new customers to apply for the card.
Earn a $100 statement credit bonus when you use your card to make $400 within the first 6 months of opening your account.
The card has no annual fee, so if you are confident your everyday spending will hit this spending requirement within two months, then this may be a great way to snag an extra $100 to spend on Sony purchases. However, you need to think about the other factors of card ownership as well and ensure that you don’t face extra costs if you carry a balance past your monthly billing cycle.
You Should Avoid Carrying a Monthly Balance on this Visa Credit Card
Although you don’t have to worry about an annual fee, you should be aware that the APR for this card can be as much as 26.99%. So, you mustn't spend more than you can afford to pay back on time. If you do carry your balance past the payment due date, then you could potentially face steep interest rates on your purchases.
If you are confident that your financial situation means that you will always make your payments on time, then this is less of a worry.
Start Using Your Card As Soon As You Are Approved
When you are approved for a PlayStation credit card, you don’t have to wait for the physical card to be mailed to you. You can start making purchases right away, as you will be sent a temporary PlayStation card shopping pass. This allows you to use your account to start making online purchases right away. So, you can start building up points on your everyday online shopping immediately.
Takeaway - Level Up Your Gaming Experience with the PlayStation Credit Card
A PlayStation credit card can be a valuable asset for committed gamers who spend a lot in the Sony or PlayStation stores already. Casual gamers who make only occasional purchases may find other cards a better fit.
Using your card for both gaming and everyday purchases, you can build up rewards points which can be redeemed against a wide range of games, movies, tech, and event purchases. However, you should make sure to avoid carrying your balance to avoid the APR charges on this no-annual-fee card.
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