Originally Posted by Dugout Doug
Thank you! Just did this myself.
I did it too, a couple of years ago, and just want to add a note of caution.
Chase issues these cards, and Chase is prone to canceling cards that go unused, especially lately under the new credit card rules. And canceling relatively new lines of credit (not opening them, a common misconception) is a flag that can hurt your credit rating.
So if you use this offer to get the $100 credit, I recommend that you do so only if you plan to actually use and keep the card (or if you just don't care about your credit rating). The common practice of "open the account, take the credit, wait a year, cancel the card without ever using it again" is not necessarily as good a plan as it used to be.
Just something to consider. Because as day-to-day credit cards go, the Sony Card is not so great unless you are a big Sony customer. Its points aren't great, its benefits (like warranty extension) aren't great, its interest rate is the pits, and there are much better deals out there. Even from Chase.
But obviously, $100 up front is worth a lot of points!