$100 credit on new Sony credit card after 1st purchase

[erwin1978]

what's the minimum purchase if any?

 

[William]

There is *No* minimum purchase.

 

[William]

Originally posted by: GTFan

Originally posted by: Thump553
Personally, with all the junk Sony has been pulling lately (such as installing rootkits on your computer without warning) it's not worth $100 to deal with them to me.

But if you don't mind the small credit hit, this is the perfect way to get back at Sony - get the card, use up the free $100 credit, and cancel.

William, I got 4 credits with 4 different offers (and cards) in 2005. Working on one more now, I don't do the same offer more than once but you probably could.

Ah, okay. Well, if you know of any others, pass some information along. Speaking of just that, a few days ago I received my Citi Premier Pass credit card which, two months after your first purchase (*no minimum purchase), gives you a standard 10,000 rewards points redeemable for a $100 gift certificate. Their redemption website is www.thankyounetwork.com. It's where you get gift cards to Best Buy, Borders, Macys, etc.

Check it out.

Just to recap for everyone on this SonyCard situation: I applied during the second week or so of December, received my card a week later, charged over $200 to it....continued on with the rest of my life for about a week.....logged into chase.com, discovered the $100 *credit* on my statement, and then I think I went to get something to eat after that.

There is no minimum purchase. Sony doesn't care where or what you purchase. I called twice to verify these things. Once you get your card, before you charge something, be sure to call Sony, not Chase, because Chase tells you that you need to speak specifically to a Sony representative. Once you get ahold of Sony, verify, like I did, the $100 promotion, badger them all you want, ask them just to make sure it's still going on. For me, they said it was still going on and, apparently (scratch that, truly) and actually, I did get the $100 credit. It shows up as -$100 dollars, which is very cool.

 

[cmv]

So weird... I applied for this once and nothing (and my credit rating is great -- no problems there). Maybe I'll try again now.

 

[GTFan]

Originally posted by: William
Ah, okay. Well, if you know of any others, pass some information along.

There are plenty of other good offers like this one. If interested, you owe it to yourself to head over to FW's Finance forum and check it out. Just off of the top of my head, I've made over a grand with CC offers last year, including Schwab, Sony, Citi, Chase, and Amex cards. Of all these, Schwab and Sony were the easiest freebies to get. All of the Schwab GC's, the free iPod, and the Sony credits came within a month after first purchase. For the others, you get bonus points (up to 15k in the case of the Citi PremierPass Business card) which you then have to cash in on store GC's, but you have to wait until you get your first statement to do this. And then wait to get them shipped to you.

So yeah I know all about thankyounetwork.com, more than I want to actually. They botched the points transfer from Citi for the PremierPass card and they are very S-L-O-W to ship GC's. I'm still waiting on a $100 Target GC that I ordered from them almost a month ago.

 

[erwin1978]

who the hell is FW?

 

[toant103]

www.fatwallet.com

 

[cyberkost]

Well, I'm not sure if they (SONY) started to get the usage pattern ,
but when I signed up (back in October'05 I think it was) the offer stated
that $100 will be credited in 8-12 weeks. It's about 10 weeks now (I have
my calendar marked for 12 weeks, so that I remember to check and give
them a call if my $100 is not there) and I don't see a credit yet. So,
unlike in the past (according to some reports) you might not see $100
credited in a month.

 

[Bad Dude]

I hope this will come through. I only sign up for this once.

 

[salsa086]

Originally posted by: solleyman

Originally posted by: artist99

Originally posted by: solleyman

Originally posted by: bNeta86

Originally posted by: JSLIM

Originally posted by: isekii

Originally posted by: JSLIM
I have a "?", how many CC is a person allowed in a year? I already signed up for like 2 this year (ebay, and buy.com), and will do this one too.

You can sign up as much as you want.
It doesn't look good on your credit tho...

that sucks, I thought the more credit cards, the better your score should be since I pay my bills on time.

If I were you I would check out the finance forum on "hugebillfold." They have some very good posts about this exact topic- its more complex than simply applying / having too many or too few cards. Good luck to you - my simple answer is that $100 is worth going for as the hit to the score for applying for a card is only a few points usually - just pay it off on time. In the long run - the more cards you have - the better...to a point.

Not to post-crap, here, but this is a wayyyy too simplified look at credit scores.

Best long-term advice is keep the cards you already have, don't apply for any new one's, and stay current on the current cards.

The lenght of time that you've had a card plays a big roll in score.

Here's another thing to consider...
You have 20 cards that all have a 5k limit. You've kept a zero balance on all of them every month. Seems great, right?
Well, you go to get a loan for a $100k house. The bank determines that you have enough income to support a $100k debt. Problem is, you already have access to $100k from your credit cards. They won't want to give you the loan for fear that you'll go max out all of your cards next month and have $200k in debt, with the income means to only pay a $100k debt. In other words, they'll turn you down.

This, too, is simplified, but I'm trying to illustrate the complexities of the credit score situation.

Basically, JSLIM, if you don't want to do the research to understand the credit score situation, I'd advise you to pass on offers like this.

My $0.02.

you provide a logical arguement, but you're wrong. i have over $200K in credit card credit, i only use one and never let them charge me on interest, and i applied for a mortgage and they passed me with flying colors because all my cards never had a deliquency. i could never pay the credit cards back if i maxed them out, yet every time i turn around they are raising the limits. they range fro $15K to $30K now and still climbing. it's like they are just daring me to use them. good thing the republicans recently passed laws so you will never EVER be able to get out of debt from credit cards and will become an indentured servant if you try or i might be tempted to max them out and see what happens in vegas.

Haven't checked this thread in a while, and you probably aren't either, artist99, but just in case....

In my post, one of the ground rules was that you only had enough income to support $100k in debt. In your particular case, should you max out all $200k of your credit card credit, I would assume the sum of the minimum payments would fall into the very liberal range of what you could afford to pay on a monthly basis - as determined by the creditors. (It is important to keep in mind that the amount (percentage) of you income that creditors believe can be paid toward debt is unrealistically high.)

If the minimum payment of the maximum credit available to you is higher than "x" percent of your monthly income, you will have much difficulty getting a mortgage, for example.

That said, if you are less than that "x" percent, and you keep zero balances, no late payments, etc., as in your case, I agree....the banks will be doing back-flips to get your mortgage business.

solleyman, I'm gonna give you an A for your "attempt to pass BS as fact" effort, however you don't really know what you're talking about. I work for one of the largest banks on the planet as a mortgage loan officer... most lenders including banks, who have traditionally had the most stringent guidelines, don't look at your potential debt or your potential minimum payment.. they look at your existing debt obligations and your existing minimum payments... in fact, if your credit score is high enough we can even omit the need to look at your debt ratios. Mortgages, like credit scores, are relatively complex with regards to variables that influence them. While it is absolutely true that too many revolving debt obligations can hurt your credit score, especially new ones, 65% of the your credit score (according to the fair isaac scoring algorithm) is comprised of your history of payments and the ratio of credit used to credit limits on your revolving accounts. This payment history and the overall credit score (mid-score of all three bureaus) is a much more significant factor when it comes to using your credit to qualify you for a mortgage. Credit scoring systems don't use your income, and mortgage companies don't use your "potential" debts to run their ratio analysis. A lot of the customers I work with never thought they could purchase a home, I suspect it's in part due to a lot of innaccurate information they have received from non-experts.

For more info check out the following site: http://www.myfico.com/CreditEducation/

 

[erwin1978]

I just received an email confirming my eligibility for the $100 credit. I can expect it in 5 days. Do I need to cancel this account if I want to get another $100?

 

[Kro12]

i got an email saying the same thing, but i havent made a purchase yet? wonder if i got screwed

edit:
nm just looked, showed $-100.00 balance, yay

 

[Rauthoen]

I had signed up for this and mde my first purchase in August 2005!. Not yet recieved any $100 credit! Called them 3 times so far each time they verify and say that I am eligible for the reward and there is a problem with Sony or Chase or something or the other and the credit will happen in the next billing cycle. Not happened so far - I doubt I will get this :disgust:

 

[Bad Dude]

Originally posted by: Kro12
i got an email saying the same thing, but i havent made a purchase yet? wonder if i got screwed

edit:
nm just looked, showed $-100.00 balance, yay

How long before you get the credit? Did you make your first purchase and how much was it?

Thanks.

 

[brucekatz]

I have not received $100 credit. I just called. They asked when and who made the offer? Not such an offer in their record, although I gave them the beginning date of this thread. Anyone can give more details on this? However, they tried to convience me my current offer (1% - 5% dividend) is better; I almost believe them, but don't those dividend offer only good for a period of time, and nothing after the period? They will send me more details on it, how can it be so hard to explain over the phone?

 

[Kro12]

the credit was made before i even made a purchase, i had -100 balance so just went and bought some maps for my gps, after the charge my balance was 50$ (maps were 150$

the credit was on the account before i even got the physical card

 

[bf1942]

I got mine , about 3 months aftyer I signed up.
some people got them much faster, seems like sony ,
was doing bunches of them at one time then waiting and doing a bunch more,

this was a father day special, way back

 

[GTFan]

bf1942, it sure would be nice if you updated the OP with the current offer link that I PM'd you (and posted in the thread a month ago). Yours is way dead.

 

[xfosx]

I got it & about 2 weeks after my big ole purchase of $13.00ish I got a 100 credit. 2 weeks later I got another 100 credit but i just checked the bill for this month & they reversed the 2nd credit. 8/ Basically contrary to what everyone is telling you, there is no minimum purchase. All you have to do is make a purchase within the first 3 months of receiving your card & usually about 1-2weeks later (that was my case anyways, then you get the $100. Its really that easy.

 

[Powermoloch]

promotion expired....

 

[easypz]

Right, $15 for a CD that costs about 5 cents to make; about 10 cents out of that $15 goes to the artist, now where does the rest go? Have you ever thought about that, Mr I-love-RIAA?

When you steal the CD, how much does the artist get?

 

[Bad Dude]

The offer is available again on the front page of sonystyle.com

 

[sinse7en]

Got my card yesterday.. Printed the 100$ web page add so that they can't deny it. Next time the 20.1inch dell monitor is on sale.. i'm getting a bonus 100bucks off!

Oh.. and no interest till next year.. woot!

Sin.

 

[dmw16]

Hope it comes thru. I activated the card Sunday night and used it yesterday. How long did you guys wait?

 

[HomeAppraiser]

Got mine today.