Yes, its in the end £50 of credit, you can use it to buy games or membership. If its the latter I'd suggest waiting a few days after bagging the credit, coz the Days Of Play sale would most likely drop the prices of the PS Plus and PS Now subscriptions.
Could this be used to pay the £49.99 for a year of online? (Just recently picked up a PS4 for my son)
tried to order - selected paypal - this requires a code from valid phone - input phone number - no code recieved, no call recieved - always have issues with this site - never had one purchase go through
Waiting for a good xbox one... Good deal thou heat