Absolute Gadget

After months of saying it won't be cutting the price of the PS3, and then hinting it might be,  Sony is cutting the price of the PS3, if you take out a credit card. Never mind about the credit crunch, eh, Sony!

The console gets $150 off the list price but there is a proviso, you have to take out a credit card with the company.

To take advantage of the deal you can head off to www.sony.com/newpscard to get instant approval and go to the Sony Rewards website to buy the XBox 360 rival. You'll get the $150 credit for the console following card approval. Gamers will also get a voucher from Sony for a buy one Blu-ray disc, get one free.

Microsoft recently cut the price of the Xbox 360 console and saw a steep rise in its sales, according to figures from research company NPD. Sony is hoping to garner more gamers for its console with the offer.

Of course, if you get out a credit card, always be sure to pay off the full amount at the end of the month, otherwise interest will eat into that price cut.

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