When you click on the "apply" button on Sony website, it direct you to Capitol One site, this is where they run and check your credit (NOT SONY!!!). Even though it doesn't show the link in the popup screen, READ the legal statement at the bottom. Call Capitol One customer services and they will explain in further details.
You will receive $200 statement within 2-3 days after you reach $500 spending (doesn't matter where). It must be makes within first 90 days, starting from date you received your card.
Just a heads up re: the American Express offers -- Spend $1000 get $250 or Spend $1000 get $200 & Prime for a year. I was VERY happy. I spend $1000 within the first month, paid it all off, and the credit showed up ($250 in my case) VERY quickly..
I milk these offers too, and once a year cancel out the old cards I don't really use. They are banking Xmas will put people in the hole and they make big money on interest/fees.. NEVER LET THEM WIN... Milk them..
I have to pass. Too many to monitor. When you apply one, your credit score hurts. If you do not use it and it is canceled, your credit score hurts.
This is true. A few years back was offering $35 credit when you opened a new CC account with them. I opened about 6 different accounts (just to get the free $$$) and never used any of the cards except for the 1st initial purchase to get the cards. Just for the heck of it, I decided to check my credit score online about a year ago, and to my surprise my score wasn't in the top 90% even though I had no debt of any kind (home, car, etc) for over 10 years. I don't really care because I'm not needing to borrow any money, but it does prove that opening new acct's & then closing them w/o establishing credit worthiness will hurt your credit score (if that's a concern).
I "forgot" to use my store card and the freaking bank closed it and my score dropped 9 points. Those freaking so-called "credit score models" punish consumers when they closed their credit cards or dumped their store cards. Your credit score also hurts when you do not have home mortgage or car loan. So make sure you use the card from time to time, maybe once a year, to keep it alive. Be more careful if you are planning to make a big purchase such as a home. So $200 is good, but then I have to take care of the card like a pet.
. I have zero confidence in Sony being able to even HIRE people who can handle security. What a bunch of ******.
Even Chase Morgan got hit.
They keep the profit in their coffers instead of spending to establish adequate security measures to protect the customers. After all, it's the 99% got hit, not the 1%.
They all do that. Keep in mind the corporations' owners are not only Americans. Why do they care about Americans? No they don't.
I got one too. Not worried about hacking. I always watch my bill. No you don't have to spend $500 at Sony. Anywhere in the next 90 days will suffice. I LOVE THESE DEALS. Use it. Get free stuff. Then get rid of it if you wish.
Never have had a credit card and never will.
Its how you go into debt...
I love my debit card though from BofA.
If I dont have the money I cant buy it.
What a concept!
Funny how people dont have enough self control to "trust" themselves with a credit card. My CC with has a $26,000 line of credit. No fear, I have never run a balance is 8 yrs. Love the pts!
Chase Freedom pays me back over $600/year just for using their CC. I NEVER carry-over an unpaid balance from month to month, and I apply the cash back reward to my next CC statement. It's a no-brainer to me, but some people can't do it. The 5% off is almost like buying stuff tax-free.
Never have had a credit card and never will. Its how you go into debt... I love my debit card though from BofA. If I dont have the money I cant buy it. What a concept!
not sure if you were being sarcastic or not...
credit cards offer way more protection than debit cards because with a credit card it's the banks money. with a debit card it's your money so why does the bank care what happens to it.plus debit cards don't build your credit like a revolving credit card account does. if you can afford to pay for cars and home with straight cash then this may not apply to you. but for the rest of us it's a tool to use to better ourselves. but with most everything comes personal accountability and common sense.
I milk these offers too, and once a year cancel out the old cards I don't really use.
Did you check how many credit points you lost when you cancelled the cards?
more than likely your score went down because the amount of credit available to you went down due to closing the account. basically it looks like you are squeezed now because your balance to limit ratio went up from closing the account. i've read that you want your balance to limit, utilization ratio, to be less than 80% or it can hurt your score too.
if you open a new account and it has similar credit limit as the card you would like to close then i doubt it would hurt you very much, if anything at all.
last year i got the discover IT card that gives you your FICO score on your statement each month. i've noticed 8 point drops/gains month to month. i've not used more credit than normally in these times or opened new loans, etc... so i wouldn't read too much into a 9 point drop unless you are looking for a home loan where it could cost you thousands in interest over the life of the loan.
something similar happened to me in 2008-2009 when the banks and wall street collapsed the world financial system.i had a couple of cards that i seldom used and the credit card companies closed the accounts to make their financials look better i'm sure. but it could have had the opposite affect on my financials. causing my score to go down and therefore credit harder to get or interest rates for loans higher. this was also the same time when they jacked up my low fixed interest rate to a variable rate at least double the old rate.
i called the bank and said something to them to that affect, they could care less. obviously the person i talked to at the call center wasn't the one who made the decision in the first place and there was nothing they could do about it anyway.
Wanted to follow up on the positive experiences others have had with this deal and note it worked out the same for me. Put two months of electric bills on the card, and two days after the second posted, the $200 credit showed up. Very, very, very cool.
Just to reiterate:
- you DO NOT need to buy anything from SONY
- the statement credit is a generic one, basically $200 back on the card -- if you paid the $500 off you could theoretically have them mail you a $200 check, but why bother?
I strongly recommend jumping on the offer if it happens again. Cancel the card once you get the credit. As long as you're reasonably good with CCs (pay your balances each month) there will be no measurable long-term harm to your credit score.
Comments & Reviews (53)
You will receive $200 statement within 2-3 days after you reach $500 spending (doesn't matter where). It must be makes within first 90 days, starting from date you received your card.
I milk these offers too, and once a year cancel out the old cards I don't really use. They are banking Xmas will put people in the hole and they make big money on interest/fees.. NEVER LET THEM WIN... Milk them..
I "forgot" to use my store card and the freaking bank closed it and my score dropped 9 points. Those freaking so-called "credit score models" punish consumers when they closed their credit cards or dumped their store cards. Your credit score also hurts when you do not have home mortgage or car loan. So make sure you use the card from time to time, maybe once a year, to keep it alive. Be more careful if you are planning to make a big purchase such as a home. So $200 is good, but then I have to take care of the card like a pet.
Did you check how many credit points you lost when you cancelled the cards?
Even Chase Morgan got hit.
They keep the profit in their coffers instead of spending to establish adequate security measures to protect the customers. After all, it's the 99% got hit, not the 1%.
They all do that. Keep in mind the corporations' owners are not only Americans. Why do they care about Americans? No they don't.
Its how you go into debt...
I love my debit card though from BofA.
If I dont have the money I cant buy it.
What a concept!
not sure if you were being sarcastic or not...
credit cards offer way more protection than debit cards because with a credit card it's the banks money. with a debit card it's your money so why does the bank care what happens to it.plus debit cards don't build your credit like a revolving credit card account does. if you can afford to pay for cars and home with straight cash then this may not apply to you. but for the rest of us it's a tool to use to better ourselves. but with most everything comes personal accountability and common sense.
more than likely your score went down because the amount of credit available to you went down due to closing the account. basically it looks like you are squeezed now because your balance to limit ratio went up from closing the account. i've read that you want your balance to limit, utilization ratio, to be less than 80% or it can hurt your score too.
if you open a new account and it has similar credit limit as the card you would like to close then i doubt it would hurt you very much, if anything at all.
last year i got the discover IT card that gives you your FICO score on your statement each month. i've noticed 8 point drops/gains month to month. i've not used more credit than normally in these times or opened new loans, etc... so i wouldn't read too much into a 9 point drop unless you are looking for a home loan where it could cost you thousands in interest over the life of the loan.
something similar happened to me in 2008-2009 when the banks and wall street collapsed the world financial system.i had a couple of cards that i seldom used and the credit card companies closed the accounts to make their financials look better i'm sure. but it could have had the opposite affect on my financials. causing my score to go down and therefore credit harder to get or interest rates for loans higher. this was also the same time when they jacked up my low fixed interest rate to a variable rate at least double the old rate.
i called the bank and said something to them to that affect, they could care less. obviously the person i talked to at the call center wasn't the one who made the decision in the first place and there was nothing they could do about it anyway.
Just to reiterate:
- you DO NOT need to buy anything from SONY
- the statement credit is a generic one, basically $200 back on the card -- if you paid the $500 off you could theoretically have them mail you a $200 check, but why bother?
I strongly recommend jumping on the offer if it happens again. Cancel the card once you get the credit. As long as you're reasonably good with CCs (pay your balances each month) there will be no measurable long-term harm to your credit score.
Thank you!