Purchases made through www.sony.com/mysony are entitled for a whopping eight points for every dollar spent. These points can then be redeemed for Sony CDs, DVDs, games, movie tickets, and electronics. The points expire in five years if they aren’t redeemed with a 250,000 point per year limit, which is well high and reasonable. There is no point limit for purchases made through Sony’s website. On top of that, cardholders are able to earn 1,500 bonus points on their first purchase.
Overall, the Sony Visa Card is a great card, with reasonable interest rates and a 0% introductory rate applicable for new purchases or balance transfers made within the first twelve months upon joining. No annual fees are charged either.
However, finance charges are calculated based on the “Two Cycles Average Daily Balance" method which is higher than the more commonly used “Average Daily Balance" calculation. This may result in higher charges, so it is advisable not to carry an outstanding balance forward when using this card. The APR for less qualifying applicants may also be higher.
On a more positive note, this credit card company provides platinum cardholders benefits of up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services.
All in all, The Sony Visa Card is ideal for those who spend or plan to spend a significant sum on Sony merchandise and also those who intend to take full advantage of the online shopping experience Sony has to offer. As long as card members do not default on their outstanding balances, then they will have much to gain from using the Sony Visa Card.
Application For Visa Card
Due to the nature of this card, interest rates imposed for outstanding balances are high, with the minimum variable rates. This simply means that no matter how low the Prime Rate may get, interest rates imposed will not drop below this minimum. On top of that, the rates are tagged to the highest Prime Rate within a 90-day period making low APRs a distant fantasy.
As though these nerve-racking rates are not enough to scare intelligent folks away, the Aspire Gold Visa Card charges various fees that Regular Joes would not call “loose change." The minute your application is approved, a $150 annual fee for new accounts are imposed followed by a $29 account opening fee as well as a monthly maintenance fee of $78 per annum. All this adds up to $257 just within the first year, excluding any penalty or default fees should you be daft enough to use this card and not the outstanding balances off without fail.
On the other hand, there must be something valuable that this card has to offer in exchange for the steep fees. Well, some of the card’s “additional perks" include various Internet account related activities, auto rental insurance, various travel and emergency related service, all of which are quite run-of-the-mill.
In summary, this card may not be suitable for everyone. In fact, the target market for the Aspire Gold Visa Card should be people who require just the basic credit card benefits, and who don’t mind forking out $257 for it.
Users who plan to pay the minimum on their credit card charges should look elsewhere, or they will end up paying for sky-high interests. Thus, the Aspire Gold Visa would not be suited for users who miss their monthly credit card payments time and again.
