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Playstation Card Revamp (UPDATE 1/26/21)

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Brian_Earl_Spilner
Credit Mentor

Playstation Card Revamp (UPDATE 1/26/21)

This card was never very good for earning as it was mainly focused on Sony purchases. They improved it by adding mobile phone as a reward category, but still required you to fill out a forum to get 5x back on Sony purchases. Unfortunately, the forum is still required, but they changed the other bonus categories.

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Message 1 of 21
20 REPLIES 20
SecretAzure
Valued Contributor

Re: Playstation Card Revamp

I'm having trouble finding it, do you know how much the point value is in USD?

 

I found that in order to redeem, you need at least 500 points (equivalent to $100 Cash spend in PlayStation store) but no where do I see how much these can be redeemed for or what type of redemption (statement credit or gift cards?).

"Show your thanks with action! Hit the "Kudos" button (the stripe with the star) for every post you find helpful to show your appreciation to the community of great individuals who help you on these forums" -Me

Active Cards: Chevron Texaco, Amex BCE, Barclays Ring, Chase Freedom, Chase Freedom Unlimited, Best Buy Visa, Marvel MCMust garden until 2/1/2022 to hit my goal AAOA. Smiley Indifferent
Message 2 of 21
Girlzilla88
Valued Contributor

Re: Playstation Card Revamp

Ooooooo @Brian_Earl_Spilner    Interesting Smiley Very Happy     What does the card itself look like!?   Smiley Very Happy







Message 3 of 21
MoneyBurns
Frequent Contributor

Re: Playstation Card Revamp

This card became useless to me when Capital One sold it. The 10x on PlayStation made it worthwhile. The other bonus categories the 5% from my other cards do better.

 

5x I cam easily get in cash from Best Buy, Amazon, or better yet, just buy points from Raise with BoA 3% via online purchases to get around 5 to 7% back.

 

Add a portal to that's usually 1 to 2% and the card is obsolete.

My Current Active Credit Cards
Message 4 of 21
Anonymous
Not applicable

Re: Playstation Card Revamp

If the card was a cash back card it would be okay but I agree that the loss of the 10X hurt this card a lot. The redemption options when I had it were pretty awful as well. Most games were full retail price, for example, which meant you were already taking a loss versus buying it for $20 online elsewhere.

 

I just logged into my Sony Rewards account and I can see my 294 points didn't expire which is surprising since I haven't had the card since 2018 but it does indeed look like everything is still full retail price and gift cards cost even more. For example, a $25 Kohl's gift card is 2975 points... and that's on sale, its normally 3500 points.

Message 5 of 21
digitek
Established Contributor

Re: Playstation Card Revamp


@Anonymous wrote:

If the card was a cash back card it would be okay but I agree that the loss of the 10X hurt this card a lot. The redemption options when I had it were pretty awful as well. Most games were full retail price, for example, which meant you were already taking a loss versus buying it for $20 online elsewhere.

 

I just logged into my Sony Rewards account and I can see my 294 points didn't expire which is surprising since I haven't had the card since 2018 but it does indeed look like everything is still full retail price and gift cards cost even more. For example, a $25 Kohl's gift card is 2975 points... and that's on sale, its normally 3500 points.


I had considered it when it was x10, but this is a huge yikes.

Message 6 of 21
Anonymous
Not applicable

Re: Playstation Card Revamp

Looks like the points do indeed expire.

 

ps4.PNG

I don't usually buy games from PSN because I find them cheaper elsewhere so this card makes zero sense for me.

 


@digitek wrote:

@Anonymous wrote:

If the card was a cash back card it would be okay but I agree that the loss of the 10X hurt this card a lot. The redemption options when I had it were pretty awful as well. Most games were full retail price, for example, which meant you were already taking a loss versus buying it for $20 online elsewhere.

 

I just logged into my Sony Rewards account and I can see my 294 points didn't expire which is surprising since I haven't had the card since 2018 but it does indeed look like everything is still full retail price and gift cards cost even more. For example, a $25 Kohl's gift card is 2975 points... and that's on sale, its normally 3500 points.


I had considered it when it was x10, but this is a huge yikes.


Yeah they have bumped the points to 10X through 12/31 but I like more flexible cards.

Message 7 of 21
FinStar
Moderator Emeritus

Re: Playstation Card Revamp


@digitek wrote:

@Anonymous wrote:

If the card was a cash back card it would be okay but I agree that the loss of the 10X hurt this card a lot. The redemption options when I had it were pretty awful as well. Most games were full retail price, for example, which meant you were already taking a loss versus buying it for $20 online elsewhere.

 

I just logged into my Sony Rewards account and I can see my 294 points didn't expire which is surprising since I haven't had the card since 2018 but it does indeed look like everything is still full retail price and gift cards cost even more. For example, a $25 Kohl's gift card is 2975 points... and that's on sale, its normally 3500 points.


I had considered it when it was x10, but this is a huge yikes.


I had definitely given this CC some thought back when it was issued by Capital One (used to have the Sony version when Citi and Chase serviced it eons ago).  But, I agree that redemption options have withered away over time.  Definitely not worth it now 😬

Message 8 of 21
razzy116
Established Contributor

Playstation credit card

Who has the Playstation credit card and is it worth getting? Thank you and be safe.

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Goal Score: 800

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Message 9 of 21
FinStar
Moderator Emeritus

Re: Playstation credit card


@razzy116 wrote:

Who has the Playstation credit card and is it worth getting? Thank you and be safe.


@razzy116 - Please reference the posts upthread.

Message 10 of 21
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