The Sony credit card has been around a few years now and it is heavily marketing to gamers and gadget lovers. The most recent development with this card is the fact that the Sony relationship moved from Chase to Capital One. We don’t offer this card on CreditCardForum but we will take a look at it in the review below. So, without further ado…
Like almost everything in life, there will undoubtedly be those who are not satisfied. The question is, are the complaints about Sony Card legitimate?
Upon doing further research it seems that people were either completely delighted by the credit card, or completely unsatisfied. Most of these negative reviews I read were about the shipping time it takes to order products with their points from Sony Rewards.
Reportedly it would sometimes take up to weeks to receive the merchandise, but it sounds like this was due to a popular item being backordered. So if cardmembers are using the points from their Sony credit card to order the newest electronics, televisions, etc, I don’t feel you can blame the credit card if they are backordered. Because anytime a new Playstation or other hot item comes out that seems to be the case for everybody, not just those with the Sony card.
The Sony credit card is a Platinum Visa which is issued by Capital One. Unfortunately if you have bad credit you probably won’t qualify.
No Annual Fee
Fortunately, there is no annual fee. This is an absolute must with a rewards card. Because the whole concept of paying a fee to earn rewards rarely makes sense.
Like any card, of course these are constantly changing, so I don’t want to say conclusively the APR is good, but for now at least it seems fair. At the time of this post, it is a variable rate between 14.24% and 24.99% depending on your credit quality.
It’s not a spectacular rate, but it’s not horrible either. However it is important to point out this is a variable rate which is tied to the prime rate… and that will undoubtedly go up in the future as the economy keeps improving. So if you plan on carrying a balance, I would advise against using the Sony Card for that purpose because the interest will far outweigh the reward points you will earn.
The current promotion for the Sony Card allows you to earn 5,000 bonus points after the first purchase made in your first 90 days.
Let’s face it… the only reason most of us ever sign up for a new charge card is to get one with better rewards, and why shouldn’t we? It’s out money so we might as well earn as much cash back and points as possible when we spend it.
If you are a regular spender on their electronics, the Sony Rewards structure could really benefit you…
5 points per dollar for purchases at Sony Store and Store.Sony.com
3 points per dollar on dining out and movie purchases
1 point per dollar on all other purchases
The Sony Card is a good credit card. If you have an affinity for Sony merchandise (and many of us do) and purchase a fair amount of electronics and games, then it is definitely worth considering. That being said, it’s always important to consider all your options before you choose a card. Sometimes, there are others which may earn you more depending on which categories they offer the highest cash back on.
Review last updated September 16, 2014