The Sony Platinum Visa Card, issued by Chase, is designed for those with very good credit who are looking for a card with a unique reward program.
Cardholders earn 1 point per dollar spent on general purchases, 3 points per dollar spent on Sony products, and 8 points per dollar spent at www.sony.com/mysony. Points can be redeemed for Sony CDs, DVDs, games, movie tickets, and electronics. There is a maximum of 250,000 points that can be earned per year, and earned points expire in five years. However, there is no limit to the amount of points that can be earned at www.sony.com/mysony. Cardholders also receive 1,500 bonus points after their first purchase.
In addition to the reward program, the card offers platinum cardholder benefits provided by Chase that include up to $500,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services.
The card has a reasonably low interest rate for purchases and balance transfers, no annual fee, and a 0% introductory rate that can be applied towards purchases and balance transfers for the first twelve months of membership.
However, finance charges applied use the "Two Cycles Average Daily Balance" method, which is a more costly method in applying finance charges for those who occasionally carry a balance as compared to the "Average Daily Balance" method used by most card issuers.
Therefore, those who plan to spend on Sony products or shop online at www.sony.com/mysony (to earn the maximum amount of reward points) and plan to pay in full each month after the introductory rate expires (to avoid finance charges) will benefit most from what the Sony Platinum Visa Card has to offer.
Most Attractive Feature(s):
Common platinum benefits; no annual fee; access to reward program.
Least Attractive Feature(s):
Uses "Two Cycles Average Daily Balance" method when determining finance charges; higher APR for less qualifying applicants.
Additional Perks
Various Internet account related services.
Emergency card replacement.
Emergency cash replacement.
Lost and stolen card reporting.
Up to $500,000 in travel accident insurance.
Auto rental insurance.
Various travel and emergency assistance services.
Extended warranty for purchases.
Year-end financial statement.
See website for additional benefits.
Important Notations
The APR for purchases and balance transfers varies according to the applicant's credit history and is either 5.99%, 9.99% or 14.99% + Prime Rate. See website for complete terms and conditions of card usage and application disclosure.
|
Security Note: All Applications linked to on this site feature Secure SSL Technology.
