MBNA Sony Card MasterCard Credit Card
If you love Sony products, the Sony Card MasterCard credit card is simply what you need to take pleasure in getting discounts each time you purchase your favorite merchandise. This card is issued by MBNA Canada and is presented to individuals residing in Canada. It is a card exclusively reserved for individuals having good credit ratings. This takes account of having no serious delinquencies and bankruptcy in the past. For those who are eligible to receive the benefits available from one of these is simply without limit. Applicants who do not meet the criteria of the card often are offered with a preferred card which is upgradeable to this card after a certain period of time.
Purchases, balance transfers and cash advances all have specific fixed interest rates. Specific rates on every transaction category are unveiled in the credit card agreement. Cardholders do not partake in an introductory period. There is no annual fee for this particular card.
Cardholders who desire to take advantage of the rewards program will have everything they are happy about. Nearly every purchase earns points per dollar spent. New cardholders will get 2,000 Sony Points which instantly qualifies for a preferred Sony product. Cardholder who cannot utilizes online purchasing gets double points at SonyStyle.ca and Sony Store. Combining online purchases on these sites will definitely build up your points in no time. As usual, the entire points accumulated come in handy when you are going to redeem some great Sony products. It can be the famous Sony Play Station 3, an amazing Bravia LCD television, and an MP3 player. Whichever cardholder having sufficient amount of points could take pleasure in having a VAIO notebook without paying for it.
Additional benefits consist of exclusive round the clock access to the card account through a secure internet connection. French speaking individuals could select to have all bank correspondence received in French. A 24 hour customer support is always present for any concerns regarding the credit card or just inquiries that need some answers. Cardholders will also obtain supplementary benefits from security programs such as fraud protection, zero fraud liability, emergency cash and card replacement, lost or stolen card reporting, travel accident insurance and a lot more.
The Sony Card MasterCard credit card is the just the thing that any card applicant would love out of the free merchandise it offers. You will just spend as much as the points you can redeem for Sony product. MBNA Canada is the card issuer for this particular credit card. They recommend that you read and understand the card agreement and terms as well as the conditions before applying for it. This will help you fully understand what you will expect with the card.
The MBNA Sony Card MasterCard has a 0% rate on balance transfers for 12 months with 3% handling fee. It also have 0% rate on money transfers from your credit card to your current account for 12 having a 4% handling fee. Card purchases do also have 0% rate for 6 months from the date your accounts is opened. Typical rate for APR is at 16.9% but can be variable. You will receive 2,000 free Sony Card Rewards Points when you make a purchase transaction within the first 90 days which is enough to redeem a CD or DVD player. Collect reward points each time you use your Sony Card. Aside from that, you can have triple rewards points when you buy Sony products using the Sony Card. As Sony Card Customer, you will be updated with all the new and fresh news and products of the company.
Annual Interest Rates of the Card
MBNA Sony Card MasterCard does have a standard rate 19.99% for purchases. If you avail its balance transfer feature, the rate is at 19.99% including cheque cash advances. The same rate goes for cash advances as well as cash equivalents. For the default rate, your interest rate will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This means that it is necessary for you to take note of your due date and pay off your balance to keep away from interest rate increase. The following interest rate being presented will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. Only allow for purchases transactions only. Every cardholder must take advantage of this grace period since it does not charge you interest which in turn can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the card company.
Foreign Currency Conversion
The card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Creditcardoffersweb.com
Creditcards.redflagdeals.com
Cardoffers.com
