Sony Card℠ from Capital One
Sony enthusiasts will earn a $50 statement credit after making just one purchase on their new card within 90 days of account opening. All rewards earned with this credit card can be redeemed toward gift cards, merchandise and experiences found on the Sony Rewards website, which is a bit limiting. It might be best to evaluate the rewards options before signing up for this card.
Because this card targets a specific consumer niche, it might not be the best option for everybody. Those who do not have much use for the rewards will not get the most value from the Sony credit card. However, if you are the target audience for the card, the rewards are generous in select categories.
Features and Benefits
New cardholders will receive a $50 statement credit after making one purchase in the first 90 days of card membership. The credit will appear in your Sony Rewards account within 14 days of your first purchase.
Card members can extend the life of their Sony Rewards account balance by simply holding the card. Points normally expire on a calendar year basis, such that they can be used in the calendar year they’re earned or three months into the following year. For example, points earned in 2017 will be available through March 31, 2018. Holding the Sony card extends their expiration by five years.
Another bonus of the Sony card is that it costs absolutely nothing to earn points. The more you shop, the more rewards you earn.
If you’re looking for a low annual percentage rate, this card offers 0% APR on purchases made until May 2018, after which a rate of 14.99% to 24.99% will be applied to the existing balance based on your creditworthiness. I do not recommend carrying a balance on any credit card, but the initial offer gives you a bit of flexibility at no extra cost.
What You Get
- Earn 5,000 points worth $50 after making one purchase within the first 90 days
- 5 points per dollar for Sony products and entertainment, including digital streaming, concerts, sporting events, music downloads and movie tickets
- 0% APR on purchases until May 2018
- Extend your reward points’ shelflife for five years
- No annual fee
- Access to special deals
Points earned with the Sony card can be redeemed through the Sony Rewards website. You can redeem for movies, music, games, electronics, gift cards and collectibles, among other things. You can search rewards by category or by the number of points you want to redeem.
You can get interest-free financing on purchases made on the Sony card until March 2018. After that, the remaining balance on your card will be subject to standard interest rates of up to 24.99%.
Sony card members have access to not only exclusive items and special inventory, but also favorable pricing on select items, which is why it’s important that you link your credit card to your Sony Rewards account. Simply enter your card information, and you’re ready to enjoy all the perks. And don’t forget about the extended expiration period for cardholders’ points.
What is the Value of Sony Rewards Points
Because the redemption options are rather limited, you have no choice but to use the points toward gift cards and merchandise available in the Sony Rewards catalog. Points’ values vary from item to item. However, in most cases points are worth one cent each. Let’s take a look at a few redemption examples and their values.
What is CPP and How is it Calculated?
Cents Per Point (CPP) is a way to measure the value of points. It tells you how many cents you get for each point you redeem by dividing the cash price of the hotel room by the number of points of an equivalent award stay costs. This can be a somewhat subjective calculation because the price of the stay in both cash and points fluctuates by season and availability.
We use the following formula to calculate the CPP:
How Much Will You Earn?
Sony card members earn five points per dollar spent on entertainment, including digital streaming and online subscription services, concerts, sporting events, movie tickets, music and video downloads. The card also earns five points on Sony purchases made at authorized retailers. You’ll get one point per dollar for all other purchases. Upload movie tickets and register Blu-ray discs and DVDs to earn even more bonus points.
- Streaming subscriptions
- Music and video downloads
- Sony purchases
- All Other Purchases
The entertainment category includes the following purchases: music downloads and record stores; motion picture movie theaters and tickets, including drive-in theaters; continuing subscription services, such as utility payments, gym fees and insurance premiums; digital goods, including games, books, movies and music; select TV and radio streaming services, such as Netflix, Amazon Prime and Spotify; sporting events, including professional athletic clubs; theaters; bands and orchestras; and video game amusement and arcades. Please remember that Capital One does not assign merchant categories.
Should You Get the Sony Card From Capital One?
If you’re looking for a cashback or travel rewards card, the Sony card from Capital One might not seem that appealing to you. Your points are locked into one redemption program, giving you little flexibility. However, if the rewards are up your alley, you might be able to find some value in holding this credit card.
The Capital One Sony card does earn an impressive five points per dollar spent on entertainment, which is defined broadly. When compared to many cards on the market, 5 percent back is considered a generous return. Entertainment includes movie theatre tickets; digital movies, songs and books; music and video streaming services; concerts; and much more. If those fall into your area of interest and you often shop in these categories anyway, you can earn rewards quickly without paying any annual fees.
Making an initial purchase earns you a quick 5,000 points, which can be redeemed toward PlayStation gift cards, movies, music, video games and electronics on the Sony Rewards website. The catalog includes quite a number of expensive options too, such as high-end TVs. In short, with this card, you can save money on video games and electronics.
Overall, this is not the best card for everybody, even if it doesn’t charge an annual fee. The redemptions are limited, and you’ll earn bonus points on only entertainment and Sony purchases. A cashback or travel rewards card might be a better choice if you’re serious about getting the most return on your spending.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
- Cardholders automatically earn one point per dollar spent on Sony purchases at authorized merchants. To request the bonus four points per dollar, you must submit a form to Sony Rewards and include purchase details.You might think it’s too much of a hassle to earn rewards this way, but if you purchase an expensive item the extra points are certainly worth the extra 10 minutes of your time.
- Yes, the card is issued by Visa and can be used at all merchants that accept Visa cards. Keep in mind that all non-entertainment and non-Sony purchases earn just one point per dollar spent. Depending on what other rewards cards you carry in your wallet, you might want to go with those options to earn more flexible points or cash back.
- Sony Rewards points expire three months after the end of a calendar year in which they were earned. For example, if you earn 5,000 points at any point in 2017, you have until March 31, 2018, to redeem them via the Sony Rewards online catalog. If you don’t, the points will vanish.However, simply holding the co-branded Sony card from Capital One will extend your points’ life for five years, which gives you plenty of time to exchange them for something you want and not lose them.
- Depending on the card issuer and the card network, foreign transaction (FX) fees can vary between 1 and 3 percent per transaction. Fortunately, the Sony Rewards credit card waives those fees on all purchases made outside of the United States, which can save you quite a bit if you prefer using credit cards while traveling overseas.
- Sony fans who would like to apply for this rewards card must have a good to excellent credit score to be approved. If your score is at least 670, you’ve got a good chance of approval. If your credit score is lower, you results will vary.While you might still be approved with a lower credit score, I recommend looking for ways to solidify your credit history before applying. To find out where you stand with the credit bureaus, check with one of the free services, such as Credit Karma or Credit Sesame. It’s always good to know your credit score before applying for an additional credit line.
Capital One also issues the similar PlayStation card. Although comparable, it is not the same card as the Sony card. Let’s take a closer look at the PlayStation Card.
Other cards in the Same Lineup
|Sign-up bonus||5,000 points||5,000 points|
|APR On Purchases||14.99% to 24.99% Variable±||15.24% to 24.99% Variable ±|
|Second Year Value||$240||$240|
The PlayStation card from Capital One is similar to the Sony card. It carries no annual fees and offers the same $50 in rewards after making one purchase in the first 90 days of card opening. The main difference is how points are earned.
The PlayStation card earns five points per dollar spent at the PlayStation store and on Sony purchases, three points per dollar spent on monthly cell phone bills and one point per dollar spent on everything else. It is also a Visa card, which is accepted by most merchants.
Additionally, the PlayStation card offers cardholders who spend at least $3,000 within the first year of card membership a 50 percent statement credit on a 12-month PlayStation Plus subscription. Card members also receive a 10 percent credit on PlayStation Vue, PlayStation Now and PlayStation Music purchases made on the PlayStation card.
Some Alternative Cards for Sony Shoppers
Although store cards offer some benefits to consumers, cashback cards offer more value and flexibility in most cases. Although the Sony card earns higher rewards than most store cards out there, the rewards themselves have limited value and can be redeemed via the Sony Rewards portal only. Let’s take a look at a few cashback cards whose rewards are more flexible than Sony points.
- Discover it® - Cashback Match™
Up to 5% cash back offerRead Review
- Citi® Double Cash Card
1% cash back on purchases and 1% as you pay for those purchasesRead Review
- Barclaycard CashForward™ World Mastercard®
$200 cash rewards offerRead Review
Best Cashback Card
The Citi Double Cash card earns 2.0 percent cash back on all purchases. You earn 1 percent back when you make a purchase and then another 1 percent back when you pay off the balance. Rewards are unlimited, and the card costs nothing to keep.
The best part is that there’s no category restriction. Every single purchase earns cash back. Rewards can be applied toward any statement in any amount. Travel? Groceries? Gas? You got it! When it comes to cashback credit cards, Citi Double Cash is one of the best options on the market right now.
Best Rotating Category Card
The Discover it card earns 5.0 percent cash back in popular rotating categories, such as grocery stores, drug stores, restaurants, gas stations and movie theaters. Although the bonus cash back is capped at $1,500 every quarter, there’s no limit to how much you can earn after the cap is reached.
At the end of the first year, Discover will match all cash back earned and double it! All you have to do is sit back, relax and reap the rewards. The card doesn’t charge annual fees, and the rewards can be redeemed toward anything.
Get the Biggest Bonus
Earn a $200 cash bonus with the Barclaycard CashForward World MasterCard after spending $1,000 in the first 90 days of account approval. The card earns 1.5 percent cash back on every purchase with no limits or spending categories.
Cash rewards do not expire for as long as the account is open, but redemptions have a minimum threshold. Redemptions start at $50 (or 5,000 points). You can receive a check, a gift card or a deposit into your bank account. This cashback card charges no fees and offers a nice welcome bonus to first-time cardholders.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Good credit score
Card Terms and Conditions
While it's easy to focus on the benefits of the Sony card, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this Visa card.
- Intro APR:
- 0% introductory APR through your 05/2018 billing period
- Intro APR for balance transfers:
- See Terms and Conditions
- Ongoing APR:
- 15.24% to 24.99% Variable ±
- Minimum Grace Period:
- 25 days
Cash Advance Features
- Ongoing APR:
- 24.24% Variable ±
- Cash Advance Fee:
- Either $10 or 3% of the amount of each cash advance, whichever is greater
Security and Protections
Capital One provides a high level of security when it comes to your information and alerts you if there’s suspicious activity on your card, such as large transactions. The card also comes with a chip for added protection and mobile banking for those on the go.
- Account alerts:
- Set up alerts to be notified when large transactions occur, if there’s an unauthorized withdrawal and when your bill’s due.
- Banking On the Go:
- Track your account with the mobile app.
- EMV Chip Technology:
- Get global acceptance and enhanced security at merchants that use chip-enabled terminals.
- Credit Score Reports:
- Monitor your credit history for unusual activity, including recently opened accounts and inquiries made on your history.
Mobile banking might be the most convenient way to keep track of your transactions in this day and age of technology. Simple, secure access to your account allows you to monitor your credit card activity whenever and wherever there’s data access. Check your balance and pay off your bill while you’re on the go.