Approved for $2500. 739 TU.
The $100 statement credit comes in after 2-3 months.
The rewards system is subpar because their selection is overpriced. Any points you earn will be negated by the fact that everything can be bought cheaper elsewhere unless you're going to buy right when a product is released. The (large selection of) gift cards are $25 for 3500 points, $50 for 6500 points, and $100 for 12000 points; .71%, .77%, and .83% respectively.
They sell mostly hardware and entertainment such as movies and music. There are also reverse auctions wherein items are sold at cheaper price as the day goes on. Anyone can access the rewards store by signing up for free so you could check it out for yourself.
Certainly, you earn 5x points whe you buy from their store. But you shouldn't ever be buying from their store in the first place. I can see how this would benefit heavy Playstation gamers but I don't see any other reason to use this card.
I had originally got this card for the $100 statement credit for spending any amount. Besides that bonus, there are no real benefits to this card and I highly regret spending so little time researching it.