Review of the Sony Credit Card



The Sony Credit Card was last reviewed on 11th June 2005

Summary - We recommend the Sony Card from Chase to those who are frequent purchasers of Sony products and would like to earn and use reward points for Sony products because
  • You can earn points quite quickly with this card - 8 points per dollar spent at MySony and 3 points per dollar spent on Sony Products elsewhere. You earn 1 point for every dollar spent on other purchases
  • There is no annual fee
  • You get a 0% introductory apr on both purchases and balance transfers for 12 billing cycles


Rewards Formula - The Sony Card allows you to earn 8 Sony Reward Points for every dollar you spend at MySony (sony.com/mysony). You earn 3 Sony Reward Points for every dollar you spend on Sony products elsewhere and 1 point for every dollar you spend on other purchases.

Annual Fee and APR - There is no annual fee. The apr is either prime rate plus 5.99%, 9.99% or 14.99% depending on your credit. The Sony credit card uses the 2-cycle average daily balance method (including new purchases) to calculate monthly balances. You get an introductory 0% apr on both purchases and balance transfers for 12 billing cycles.

Conclusion - We recommend the Sony Card from Chase to the fans of Sony products (whether it is the Wega Plasma or Playstation) as it allows you to earn points quickly (especially for those who shop at MySony)

Positives
  • Earn points quickly (8 points/$1.00 if you purchase at MySony, 3 points/$1.00 for purchases of Sony products elsewhere
  • No annual fee
  • 0% apr on both purchases and balance transfers for first 12 billing cycles


Negatives
  • Uses the 2-cycle average daily balance method to calculate monthly balances



Sony Credit Card
Reward Formula
Point Accumulation 8 points per dollar spent on Sony products at MySony
3 points per dollar spent on Sony products elsewhere
1 point per dollar spent on othe purchases
Caps on miles Earn unlimited miles
Travel and Insurance Benefits
Up to $500,000 Travel Insurance
Auto rental insurance
Other Benefits
Unauthorized purchase protection
Extended warranty
Cost/Fees/Interest rates
Introductory rate 0% fixed APR for 12 billing cycles (purchases and balance transfers)
Annual Fees No annual fee
Purchase APR Prime Rate plus 5.99%, 9.99% or 14.99%
Balance Transfer APR Prime Rate plus 5.99%, 9.99% or 14.99%
Cash Advance APR Prime Rate plus 14.74%
Penalty/Default Rate Prime Rate plu 23.99%
Min Finance Charge $1.00
Grace Period 20 days
Balance Calculation Method 2-cycle average Daily Balance (including new purchases)
Balance Transfer Fee 3% min $5.00 max $75.00
Convenience checks fee 3% min $5.00 max $75.00
Cash Advance fee 3% min $10.00
Foreign Currency Conversion fee 3%
Over-the-credit-limit fee $35.00
Late Payment fee $15.00 - up to but not including $250.00
$39.00 - more than $250.00



Apply for the Sony Credit Card

If you already have this credit card, we would appreciate if you can take some time to post your review. Our readers will find them very helpful.




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