Easily add funds to your account for PlayStation Network (PSN) to use towards anything from PlayStation Store~s (PS Store) huge library of content, including: PlayStation Plus (PS Plus) subscription* with online multiplayer access, games every month, exclusive discounts and more. Games, Virtual currency and add-ons, and more.
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Since the PSN has a limit of $150 max in a wallet, this can be too much if you already have more than $50. Which means unless you bought something small to push it under, you wouldn't even be able to add it. Buying multiple $50 cards instead is better for this reason, especially since there is no cost difference.