For Americas accounts, use the following code to redeem. I did it yesterday, didn't run into any issues.
G7XK-TNNR-NPLL
For other regions refer to PS blog or the article on this site:
https://www.playstationlifestyle.net/2023/02/18/fr...Thanks to Playstation Lifestyle for the article, otherwise I wouldnt have been aware of this at all.