Capital One and Sony have designed a credit card that rewards fans of the Japanese giant. Called SonyCard, it offers 5x points on Sony purchases, 3x points on select entertainment purchases and 1x point on everything else. The card also comes with a sign-up bonus in the form of a $50 credit, 0% introductory APR period, has no annual fee and no foreign transaction fee. And there’s more…
- $50 credit after your first purchase
- Get 5x points on Sony purchases; 3x points at movie theaters, audio and streaming services; 1x point on everything else
- 0% intro APR on purchases until June 2017, 14.24%-24.99% variable APR after that
- No foreign transaction fee
- No annual fee
How It Works?
Points: Get 5 points per dollar spent on Sony purchases at authorized retailers with purchase confirmation and after submitting the Bonus Points Form. You can also earn 3 points per dollar spent at movie theaters, on movie rentals, and for music downloads, digital streaming, and other subscription services such as Netflix, Spotify, and Amazon Prime. Finally, you get to earn a single point for each dollar spent on all other purchases.
Redeem points: Once earned, points can be redeemed online through the Sony Rewards Catalog for Sony merchandise such as electronics, games, movies, music, or gift cards.
Sign-up bonus: $50 credit after making your first purchase with the card within the first 90 days of account opening.
APR: The card comes with 0% introductory APR on purchases until June 2017. A variable APR ranging from 14.24% to 24.99% will apply after that.
Costs
- 14.24% – 24.99% Variable APR (0% intro APR for purchases until June 2017)
- 0% Balance Transfer Fee
- 0% Foreign Transaction Fee
- $0 Annual Fee
Pros
- Sign-up bonus worth $50 – it’s not much but then again, this card doesn’t have an annual fee.
- No fees – including no annual fee, no foreign transaction fee and no balance transfer fee. The lack of foreign transaction fee makes this card useful while visiting other countries.
- Rewards on other entertainment purchases – not just on Sony-made products; you will also be earning triple points on various audio and video rental/streaming services.
Cons
- Intro APR only applies to purchases – carrying balance will still cost you between 14.24% and 24.99%.
- Earning 5x points comes with a hassle – you will need to submit the Bonus Points Form to get 5 points per dollar spent.
Is This The Card For You?
If you frequently buy Sony’s gear, the answer is YES. Why not get something back on every dollar you spend on buying Sony’s products and services. In fact, with every point having a value of approximately 1 cent, the Capital One SonyCard effectively gets you 5% back. You will need to redeem those points through the Sony Rewards Catalog for Sony merchandise, but again — if that’s the stuff you would be buying anyway, go for it. So what are you waiting for?