You always get Sony Rewards points whatever you buy (including three times as many for paying phone bills), but you'll get five times the usual points if you shop at the PlayStation Store, and a similar amount for Sony products if you fill out a Bonus Points form. You'll also get 10 percent off subscriptions to PlayStation Music, Now and Vue (in the form of credit), and half off a Plus subscription if you spend at least $3,000 with the card in the span of a year.
Catches? There's no annual fee, but it will take a while to rack up enough points to actually buy something. You get the equivalent of $1 for every 100 points -- that free PS4 Pro will have to wait. The requirement for that bonus form doesn't help, either. And of course, you won't get as many benefits if you aren't a fan of most Sony products outside of the PlayStation itself. Still, if your existing card doesn't give you perks you tend to use, it might not hurt to give this a look.