PS3FBNews: "Still looking to score a PS3 for yourself or a friend? Then take a look at this deal which can net you an 80GB PS3 for as low as $250 and a 160GB for only $350. So what's the catch you ask? You'll need to apply for a PlayStation credit card. Though it isn't that much of a catch when you consider that there is no annual fee, you'll get full Visa Platinum benefits, and double the normal warranty protection all alongside the discounted offer (and further Sony-related discounts in the future).

To avail of the deal, you can apply here and grab the discount online, or apply here and be instantly approved at any authorized Sony retailer. This offer is only valid until December 31, 2008. Just make sure you double-check those APR percentages and see to it that they meet your approval before making any decision. And, if you don't know what APR is, then you're probably not old enough for a credit card. Try again next year children!"

My Personal Opinion: This is gonna be one hell of a way to end a great gaming year...

You should rename this thread to something more catchy, like "80GB PS3 now $250..." with the card. =)

Opening a new line of credit is not like clipping a coupon. It's something that should be taken seriously. Every time you apply for a card it shows up on your credit report. The additional credit load could raise your interest rates or even prevent you from getting another loan or line of credit.

In addition, it is much harder to get accepted these days. Credit agencies are being extremely strict. You have to have a really good credit rating to even open a new line of credit.

The big reason we are in this economic crisis is that people were taking lines of credit without thinking about the future implications.

Wrong, the reason we are in this economic crisis is in part that people were running up balances on their lines of credit without thinking of the future implications.   People taking out loans without considering the consequences (as with home loans) was also a huge problem, but that's equivalent to spending with a credit card, not just opening one.

Generally, credit rating is a function of credit you're using over how much credit is available to you, so gaining more credit line but using very little of it can increase your score over time.  That said, opening new accounts too quickly or carrying balances that are too high a proportion of your available credit can negatively impact your score.

Sounds like a covert price cut. But, yes, the catch is that credit rating agencies have come down hard on consumers. I got rid of all my cards awhile ago - had to file for bankruptcy a couple of years ago due to the collapse of my original profession, and had go back to school in a new profession which has actual jobs. But a $250 PS3 is a sweet deal, and since my partner and I have to live in separate states, it would be nice to have matching PS3s. I may try to apply for this card, just to see what happens.

hmm with that card i can't get a loan for a house

lol sony's new credit card with sony's super low interest rate of 25% of which we help our selves to not go bankrupt YAY

lol sarcasm right there ;)

Duplicate thread
http://www.vgchartz.com/forum/thread.php?id=50370&page=1