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Sony Reader $50 with card application

applied for the card. Says I will be eligible for the $50.00 reader.

we shall see. I suspect since I was not instantly approved my credit score likely sunk me.
 
I wasn't instantly approved either... but I know my credit score is good enough... hmmm. It says I have to wait 30 days for an answer in the mail.
 
do you know if this works concurrently with the $100 credit offer that is available on the sony card?


--- if you click terms -- there is a box on the side that says 5000 reward points with sign up -- but i don't know if that is another offer or concurrent

--- also the card is 0% apr for first 12 months
 
I have done this so maybe I can answer some questions.

First off, no one is approved online. You will get a generic email thanking you for your application. Then if approved you will get the card in the mail pretty quickly. (I got mine within a week)

Activate the card by phone.
Goto www.sonyrewards.com.
Create an account. It will prompt you to enter your new CC info.
Search for the Sony Reader. Add it to the cart. Proceed with checkout.
Your actual price will be about $60 to cover shipping. But here is the kicker, you DO NOT actually have to use the CC to pay for the purchase. Use your debit card or whatever you want.

Hopefully this helps >>

Also: The process is slow. I placed my order Sunday 7/15 and it still hasn't shipped yet. It may take awhile.
 
Sounds like a really hot deal. I demoed this reader and it was great!!!

Can someone explain this to me?

Im 26 years old and I own my car and I am in the market for a new house. How do you guys sign up for all these credit cards? Doesn't it just destroy your credit? I know from house hunting that the more credit you have open and available, the worse your credit score is. Keep cards open you never use also lowers your score i believe. How do so many of you guys constantly open more cards to get free items?
 
Originally posted by: BBock727
Sounds like a really hot deal. I demoed this reader and it was great!!!

Can someone explain this to me?

Im 26 years old and I own my car and I am in the market for a new house. How do you guys sign up for all these credit cards? Doesn't it just destroy your credit? I know from house hunting that the more credit you have open and available, the worse your credit score is. Keep cards open you never use also lowers your score i believe. How do so many of you guys constantly open more cards to get free items?
Click to expand...
First off, I wouldn't assume that the members here are signing up for every good CC that comes along. You are partially correct that signing up for too many cards, too quickly (short time frame), will lower your FICO score, it won't destroy your credit. Also having more credit cards open with available credit does not make your score worse.

What will make your score worse is if you have:
1) Balances on multiple CC
2) FICO score also drops when ratio of credit used to credit available becomes too high. I've read where you should keep that ratio to 30% or less if you carry balances.

Keeping cards open you do not use does not lower your score either. I have cards I don't use much, but because I have had them for so long, it is better to keep them because they are part of my credit history and length of time having credit is a big part of your score (15%). I use a couple other CCs because I get cash back and/or points. I make sure to use the old ones at least once a year to keep them active. If you don't use a CC, that CC company may tell you that it's canceling the CC due to non-use. If it's a recent card, that might not be a big deal. If it's a card you've had to 10+ years and if the length of your credit history is based in part from that card, you are better off keeping it. In other words, if your credit history is 10 years but you remove your oldest CC that you don't use, and your credit history now drops to 7 years, your FICO score will drop.

Your last question. Nothing wrong with opening up a new CC account. Having 1 or 2 hard inquiries to your CC per year will not adversely affect your credit. There might be a hit of 10-15 points temporarily, but in a few months it will be back to where it was before if you have done nothing out of the ordinary with your other CCs or your credit in general.

Here is a link to FICO that shows in a simplified manner how scores arew determined. My FICO.com Click on the tab that says "About FICO Scores" and you will see the pie chart showing the numbers below.

FICO scores are calculated based on your rating in five general categories:
Payment history - 35%
Amounts owed - 30%
Length of credit history - 15%
New credit - 10%
Types of credit used - 10%

 
i'm curious. is there any penalty if you apply, are approved, get the reader, and then close the account?
 
if anyone who has one of these can answer i'd be gratefull. how is this. how durable is it. will it survive the rought college use in a backpack all day. and how easy is it to read Letter size pdfs.
 
Originally posted by: xyyz
i'm curious. is there any penalty if you apply, are approved, get the reader, and then close the account?
Click to expand...

i would wait atleast 6 months before closing. but i don't think there's a penalty.
damn you HOT DEALS forum . you gonna make me poor. i just filed out the application.
 
Applied for card last Monday - received same week Saturday - very impressive.
Immedeatly after registering the card, I logged in to sonyrewards.com and proceeded with purchasing the Reader. Worked like a charm (at a total of $59.49). Thanks to 'Redbread' for wonderful instructions.
Will let you know once I receive the shipment.

From the ones who already did this - were you also eligible for 5000 reward points after first purchase on the card?
 
Originally posted by: Netscorer
Applied for card last Monday - received same week Saturday - very impressive.
Immedeatly after registering the card, I logged in to sonyrewards.com and proceeded with purchasing the Reader. Worked like a charm (at a total of $59.49). Thanks to 'Redbread' for wonderful instructions.
Will let you know once I receive the shipment.

From the ones who already did this - were you also eligible for 5000 reward points after first purchase on the card?
Click to expand...

thanks for info.
any credit card gurus know what cancelling the card right after getting the reader would do ?

ps. are we still eligible for the 150 credits at the sony store ?
 
well, got my card.

ordered the reader as per RedBeard's excellent instructions.

has anyone tried to order more than one?

11Blade

 
Originally posted by: 11Blade
well, got my card.

ordered the reader as per RedBeard's excellent instructions.

has anyone tried to order more than one?

11Blade
Click to expand...

Thanks for the thanks.

If you order another eBook reader (put a second one in your cart), you will not get the points discount. It will end up being ~$300ish.

Now if you are considering trying to open another CC, they will probably stop that.
 
man it is such a pain picking out classics in the connect store, it is a POS. the reader is pretty nice though, I like it.
 
Originally posted by: TheShiz
man it is such a pain picking out classics in the connect store, it is a POS. the reader is pretty nice though, I like it.
Click to expand...

How did you get your credit for classic books? Did it come as a code in Email or as an automatic credit at ebooks.connect.com site after registering the Reader? Did you get full 100 book credit? I noticed that a lot of popular titles in Classics category are priced much higher then $1.99 Are these books still available with a credit or are we limited to buy only 'unpopular' ones?

Also what's up with pricing classics at such a high price? From my understanding all these books are Public Domain, i.e. Sony does not have to pay any publishing house for the rights to these books. It is one thing to price books in the B&M store, because there is always an effort to to determine the circulation demand (risk to print too many copoies that will never be sold), page proof edition, print, distribute, place books on the shelfs and then actually sell them. All that easily eats into any potential profit. With online distribution the only cost there is page-proofing, which is a constant and online store application, which has very little cost per each book.
 
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