Sony Platinum Visa® Credit Card

Editor's Review: The Sony Platinum Visa Card, which is issued by Chase, was created for individuals that have very good credit who also wish to participate in an innovative credit card rewards program.

The Sony Platinum Visa Credit Card provides cardholders with the opportunity to participate in a unique reward program. Every dollar spent on the card earns the cardholder three points. In addition, every dollar spent at www.sony.com/mysony earns eight points. The points accumulated can be used toward the purchase of Sony DVDs, CDs, movie tickets, games, and electronics.

Cardholders can accumulate a maximum of 250,000 points on the card in one year. There is, however, no limit on the amount of points that can be earned at the website. Cardholders also earn bonus 1,500 points after completing their first purchase. Points do expire after five years.

In addition to the rewards program, the Sony Platinum Visa Credit Card provides a variety of other benefits. For example, it offers cardholders emergency card and cash replacement. It also provides up to $500,000 in travel accident insurance, auto rental insurance, and a variety of additional travel assistance services. The card also offers lost and stolen card reporting, extended warranty for purchases, and protection from liability for unauthorized transactions. Cardholders can also receive a year-end financial statement upon request. To sweeten the deal, the card also offers a 0% introductory APR for purchases and cash advances during the first twelve months of membership.

After the introductory period with the Sony Platinum Visa Credit Card is complete, the variable APR for both purchases and cash advances is based on the Prime Rate. The card also uses the Two Cycles Average Daily Balance method for determining finance charges. This method is less common than the Average Daily Balance method and can result in higher finance charges for those who carry a balance on their card.

There is no annual fee for this card. There are also no fees associated with adding cardholders to the account. The minimum line of credit a cardholder can receive is $5,000 and the maximum is $100,000. If a person goes over the credit limit, he or she must pay a $35 fee.