kn said:
I looked at the details of the CC. There are no fees or hidden membership dues. As long as you make your payments on time, the interest rate is 0% for an introductory period, 15% thereafter. If you miss a payment or are late, they jump to 32% (ouch!). The best thing to do would be to get the card, buy the PS3, make your payments on time and pay it off before the 0% interest rate ends. Then cancel it, cut it up, and thank sony from the bottom of your heart for their generosity. |
Those details aren't pretty but those aren't the worst ones. The worst detail is the you have to make the purchase by August 31st and there's a decent chance you're not going to get the credit card by then.
As for opening and closing credit cards really quickly, that raises red flags on your credit. I don't know if it would hurt too much with just a one time thing but opening and closing credits like that is just generally a bad idea.
-edit-
And don't take this as a don't get a PS3 statement, just trying to save you some grief. If you dig the games on the PS3 by all means get it, just don't let yourself be ripped off.
