Playstation Card for free $50 PSN credit?

i have a email that says redeem 5000 credits and then you get free 5000 credits. is that what yours is? post what your email says
 
I would take the credit score hit for $200+, not $50.

P.S. This offer has been available since they announced the PlayStation credit card awhile back.
 
[quote name='killa5k7']Cool, got approved...thanks guys! Free fifty bucks for me! Prob end up buying New Vegas and Castlevania DLC![/QUOTE]

$50? Thats the stupidest way they could hook you. Some cards offer a free round trip flight, the Chase Freedom is $200 reward (varies), and even Sony has been better as mentioned. You got gipped.
 
[quote name='Arakias']$50? Thats the stupidest way they could hook you. Some cards offer a free round trip flight, the Chase Freedom is $200 reward (varies), and even Sony has been better as mentioned. You got gipped.[/QUOTE]

And not to mention the damage it'll do to your credit rating
 
I don't have any credit cards..so who cares. I will purchase something(really cheap) then gain the credit and most likely never look at the card again. I don't believe in excessive spending money I don't have so no biggie.
 
[quote name='MrPiggles']And not to mention the damage it'll do to your credit rating[/QUOTE]

Why will using this card damage his credit rating??
 
^

Is it different from other credit cards, somehow? Using credit cards improve your rating, as long as you pay things off in a timely manner.
 
[quote name='Arakias']$50? Thats the stupidest way they could hook you. Some cards offer a free round trip flight, the Chase Freedom is $200 reward (varies), and even Sony has been better as mentioned. You got gipped.[/QUOTE]
The bonus points thing was down to $100 worth by the time I signed up for the CO Sony card. It WAS up to $200-300 in points at one point.:roll:

But there was/is a Southwest Airlines one(with a $100 annual fee) that was giving enough bonus points after your first purchase for either two round trip SW Airlines tix OR $500 in Amazon credit.

So essentially for $101(fee + first n maybe only purchase), you could've received about $500 in shit.;)
 
[quote name='MrPiggles']I may be mistaken, but I always thought having a credit card and never using it hurt your rating[/QUOTE]

no, the only way it hurts is if you don't pay on time, otherwise it has no effect. It doesn't help if you don't use it, but it won't lower your credit. Using and paying on time will help raise your score though.

I signed up for this a few days ago, liked the 0% apr til Jan 2013, didn't even know of the $50 psn card until after i already got approved.
 
You do take a credit hit when you sign up for a credit card, same thing as when you get a loan and pay advances, how much, I don't know, but for most people, it's enough to get disapproved for a loan after getting a credit card and visa versa
 
[quote name='djricekcn']You do take a credit hit when you sign up for a credit card, same thing as when you get a loan and pay advances, how much, I don't know, but for most people, it's enough to get disapproved for a loan after getting a credit card and visa versa[/QUOTE]

The only thing that can be seen as a negative is having to.many open accounts, otherwise opening 1 credit card is beneficial and strongly recommended by most advisors to help build, and sustain credit.
 
[quote name='oldboy26']The only thing that can be seen as a negative is having to.many open accounts, otherwise opening 1 credit card is beneficial and strongly recommended by most advisors to help build, and sustain credit.[/QUOTE]

He's right
 
I recommend strongly only suppose if you have a job, then you could apply for it. You have no job, then just ask your parents to pay for a billing where you want to use credit card to buy. :)
 
i might actually try and apply for it soon once i get into college or a job.
i did however sign up for the sony rewards program and might just collect random points however i can to get ether PSN credit or a game.
 
Just wanted to throw in a little review, based on my experiences with the card here (this is the newest thread about the card that I could find on CAG):

About the codes:
Codes are e-mailed to you (as well as being shown on the webpage when you redeem them on the site); they're not physical cards mailed to your address, so that's nice since you get it much faster. The first $50 code they give you is actually given through 5,000 rewards points: once you get the 5,000 points, you go onto SonyRewards.com and you can spend it on whatever you want-- most likely the $50 PSN code. Subsequent codes are redeemed the same way: you'll get some number of points added to your SonyRewards.com account at roughly the same time you get your monthly statement from Capital One. They offer PSN codes as low as $10 (1,000 points), so you don't have to wait to rack up a full 5,000 points every time you want to cash out (unlike certain other credit card rewards programs I've used in the past, which tend to have much higher minimum withdrawals).

Important: make sure you add the credit card to your SonyRewards.com account. You'll know it's added when the PSN stuff becomes available to you (until then, there'll be some message about PSN codes and such being only available to those who own the PlayStation credit card). At that point, points for your purchases will start being counted (though they won't be shown until your monthly credit card statement comes in; until then, your balance will remain at 0 points).

Initial experiences:
Initially, it was a little bumpy, but it all worked out.

I didn't get the $50 card right away after making the first purchase; I don't remember how long I waited before contacting support, but it may not have been a full month, so I might have just been impatient. Either way, when I contacted them about it, they then added the 5,000 points to my account so that I could redeem the $50 code. If you're impatient, maybe you could do the same just a few days after making your first purchase with the card, in order to speed up the process. ;) The support team was cool about it though, and it only took one e-mail for them to add the points.

Here's where I had the most trouble with the program, though: the website was a little buggy. Here's my advice: don't use the Facebook login at all. That's what caused all of the issues I had with the website. I figured I'd add a Facebook login to my account, just to make sure I'd be able to log in easily in case I ever forgot which password I'd used on the SonyRewards site. Big mistake. Now that the dust has settled, it seems that what happened was doing so created another account without my realizing it-- my mistake. Regardless, I e-mailed the support team about three or four times for help when my account was still showing 0 points, and their responses indicated that they didn't even bother to read more than the first sentence of my e-mail. When I finally decided to call their phone support, the girl who answered restored my faith in the intelligence of their support team, as she was able to help me figure out the issue much more quickly-- props to her for being good at her job.

Rewards past the initial $50 code
If you're responsible with credit cards and are able to pay them off every month on time (and ONLY if those two criteria are met), using this card past the initial purchase is actually very worthwhile.

You get:
- 10% rewards on PSN purchases
- 3% at fast food restaurants / movie theaters
- 1% on everything else

It adds up pretty quickly if you funnel all of your purchases through the card and just pay them all off at the end of every month. Do what I did: switch your monthly bills over to the PS card so that you can cash in on some PSN credit for the stuff that you were going to buy anyway. Even the little stuff adds up over time: just by putting my internet, Netflix, and Hulu bills with it, I'm getting a bit over $6/year in PSN credit. Add to that the fact that I pay for all of my gas, groceries, dining, and of course PSN games with the card, and I tend to average somewhere around $5/month in free PSN credit with it, having used the card for a few months and having redeemed another $10 code with it so far. That's enough to hold a free PS+ subscription indefinitely and have a bit of extra PSN credit on top of that.

All in all, I highly recommend it for anyone who's fully employed and is responsible with credit cards The interest rate is extremely high, but if you pay it all off on time, every time, then that won't matter and you'll cash in on a lot of great rewards. There are other credit cards with higher rewards if you really want to get the best deal around on your everyday purchases, but this one is, at least, the obvious choice for funneling all of your PSN Store purchases.
 
[quote name='Josh1billion']Just wanted to throw in a little review, based on my experiences with the card here (this is the newest thread about the card that I could find on CAG):

About the codes:
Codes are e-mailed to you (as well as being shown on the webpage when you redeem them on the site); they're not physical cards mailed to your address, so that's nice since you get it much faster. The first $50 code they give you is actually given through 5,000 rewards points: once you get the 5,000 points, you go onto SonyRewards.com and you can spend it on whatever you want-- most likely the $50 PSN code. Subsequent codes are redeemed the same way: you'll get some number of points added to your SonyRewards.com account at roughly the same time you get your monthly statement from Capital One. They offer PSN codes as low as $10 (1,000 points), so you don't have to wait to rack up a full 5,000 points every time you want to cash out (unlike certain other credit card rewards programs I've used in the past, which tend to have much higher minimum withdrawals).

Important: make sure you add the credit card to your SonyRewards.com account. You'll know it's added when the PSN stuff becomes available to you (until then, there'll be some message about PSN codes and such being only available to those who own the PlayStation credit card). At that point, points for your purchases will start being counted (though they won't be shown until your monthly credit card statement comes in; until then, your balance will remain at 0 points).

Initial experiences:
Initially, it was a little bumpy, but it all worked out.

I didn't get the $50 card right away after making the first purchase; I don't remember how long I waited before contacting support, but it may not have been a full month, so I might have just been impatient. Either way, when I contacted them about it, they then added the 5,000 points to my account so that I could redeem the $50 code. If you're impatient, maybe you could do the same just a few days after making your first purchase with the card, in order to speed up the process. ;) The support team was cool about it though, and it only took one e-mail for them to add the points.

Here's where I had the most trouble with the program, though: the website was a little buggy. Here's my advice: don't use the Facebook login at all. That's what caused all of the issues I had with the website. I figured I'd add a Facebook login to my account, just to make sure I'd be able to log in easily in case I ever forgot which password I'd used on the SonyRewards site. Big mistake. Now that the dust has settled, it seems that what happened was doing so created another account without my realizing it-- my mistake. Regardless, I e-mailed the support team about three or four times for help when my account was still showing 0 points, and their responses indicated that they didn't even bother to read more than the first sentence of my e-mail. When I finally decided to call their phone support, the girl who answered restored my faith in the intelligence of their support team, as she was able to help me figure out the issue much more quickly-- props to her for being good at her job.

Rewards past the initial $50 code
If you're responsible with credit cards and are able to pay them off every month on time (and ONLY if those two criteria are met), using this card past the initial purchase is actually very worthwhile.

You get:
- 10% rewards on PSN purchases
- 3% at fast food restaurants / movie theaters
- 1% on everything else

It adds up pretty quickly if you funnel all of your purchases through the card and just pay them all off at the end of every month. Do what I did: switch your monthly bills over to the PS card so that you can cash in on some PSN credit for the stuff that you were going to buy anyway. Even the little stuff adds up over time: just by putting my internet, Netflix, and Hulu bills with it, I'm getting a bit over $6/year in PSN credit. Add to that the fact that I pay for all of my gas, groceries, dining, and of course PSN games with the card, and I tend to average somewhere around $5/month in free PSN credit with it, having used the card for a few months and having redeemed another $10 code with it so far. That's enough to hold a free PS+ subscription indefinitely and have a bit of extra PSN credit on top of that.

All in all, I highly recommend it for anyone who's fully employed and is responsible with credit cards The interest rate is extremely high, but if you pay it all off on time, every time, then that won't matter and you'll cash in on a lot of great rewards. There are other credit cards with higher rewards if you really want to get the best deal around on your everyday purchases, but this one is, at least, the obvious choice for funneling all of your PSN Store purchases.[/QUOTE]
You wouldn't happen to remember the number you called would you? I got the thing saying that I can redeem for my $50 PSN, but the 5000 points aren't on my account to redeem for it
 
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