Sony Announces the PlayStation Credit Card

November 10, 2011Written by Sebastian Moss

You might think that the last thing Sony wanted to remind you about when talking about the PSN was credit cards. But instead, Sony has revealed a ‘PlayStation Card’ in conjunction with Capital One.

The US card will earn you points on any purchase you make, which can be redeemed for PlayStation games, accessories, and PlayStation Network content, as well as certain other Sony products.

The amount of points you earn depends on what you buy, with 1 point earned per $1 spent and then given multiplier bonuses:

  • 10x points on PSN purchases (including movies and rentals)
  • 3x points on PlayStation and Sony purchases at Sony stores and
  • 3x points at quick service restaurants, movie theaters, and mobile phone bills
  • 1x points on all other purchases

5,000 points will earn you $50 on the PlayStation Network, games ‘start’ at 2,000 points and PlayStation hardware ‘starts’ at 1,500 points.

You’ll also earn a $50 PlayStation Network code after your first purchase with the PlayStation Card. There is no annual fee, and 0% intro APR on purchases until September 2012. After that there’s a variable rate between 13.9% and 24.9% – which is above the average of 15-19%. To find out more details, and apply, go here.

It’s by no means the best credit card you can get, and we wouldn’t recommend using it as your main credit card. However, if you have a good credit history, it’s a nice opportunity to get a few games for free.

Will you sign up for the card? Let us know in the comments below.