I actually applied for the SonyStyle card and was only offered the $100 credit initially, unfortunately since I didn't have an approved zip code, Sony wouldn't ship me the reader (even after I applied and was approved for the CC!). After a day or two of trying to convince them to ship me the eReader, without success, I went back to the main Sony site, not SonyStyle, and saw the $150 offer. I applied for this offer, the Sony Card, using my US address and had the eReader shipped.
Bottom Line: I received the Reader for $360.14+free shipping-$150=$210.14, the $50 Connect Store credit is still pending (hope it works out for me

) so the grand total will drop to $160.14! Oh yeah, my account for the CC was already credited and I have paid the remainder off. Hopefully others can still get the $150 deal, just remember to apply for the SonyCard, not the SonyStyle CC; e.g., $150 vs. $100 credit.