Toyota Rewards and Lexus Pursuits Cards: Things to Know


Jan 14, 2023 By Triston Martin

If you've got your heart set on a gleaming new automobile with a big red ribbon, certain credit cards may help take the sting out of the purchase price. When you use either the Toyota Rewards Visa® or the Lexus Pursuits Visa® at a Toyota or Lexus dealership, respectively, you will be eligible for a high earnings rate with either card.

You also have the option to redeem points at dealerships. If you intend to purchase a new automobile or make big repairs to the one you own, you may find it particularly enticing to apply for one of two credit cards that provide additional cash back when spending money on eating and entertainment.

The Two Cards Are Similar, With One Significant Difference Between Them

The Toyota Rewards Visa® and the Lexus Pursuits Visa® are both issued by the same financial institution, the Comenity Capital Bank. As their respective titles indicate, the primary distinction lies in that one card is geared toward Toyota, while the other is targeted toward Lexus. In all other cases, the same rules earn the accumulation of points:

At the dealership, you may earn 5 points for every dollar you spend: Only at Toyota dealerships can additional points be earned with the use of the Toyota Rewards Visa®. You are required to make money at a Lexus dealership to qualify for the Lexus Pursuits Visa®.

  • Earn two points for every dollar spent on petrol, eating out, or going to the movies.
  • You will earn one point for every $1 spent elsewhere.

You Have The Option Of Exchanging Your Points For A Statement Credit

You may trade in your rewards for cash back in the form of a statement credit at a value of one cent for every point you earn. You may also redeem them for vacation or gift cards and products. Because independent firms manage these rewards, the value of your points may change at any time, and the redemption conditions may be updated without prior notice.

Either There Or At A Dealership

The ability to redeem points for statement credits puts these two cash-back cards among the more respectable options available. The fact that you can use your points to pay for service, parts, and accessories at Toyota dealerships and Lexus dealerships is the feature that differentiates these cards from others on the market. You may even redeem points toward a new automobile for any sums that are still owed after you sign the contract. If points are redeemed at a dealership, each point is worth one cent, and no set minimum quantity must be redeemed.

According to the small print, customers in Hawaii will only have the opportunity to exchange their points for something at Toyota or Lexus stores. Due to the fact that this feature is what sets these cards apart from others in the rewards card market. If you reside there, you will find that these cards are substantially less enticing.

There Are Several Limitations Placed On The Ability To Redeem Points For Travel

When redeeming points for travel, you will need to abide by a number of regulations, some of which are briefly described below:

  • You are required to make your trip reservations at least 21 days in advance.
  • Your vacation has to begin with a stay on a Saturday night, and some days may be blacked out.

If the purpose of obtaining a rewards card for you is to utilize it to save money on travel expenses, you might think about acquiring a more broad travel rewards card that does not have the restrictions that the Toyota Rewards Visa® and the Lexus Pursuits Visa® have.

You Could Find That Other Reward Cards Give You More

When shopping for a new credit card, it might be beneficial to shop about much as it is when purchasing a vehicle. Although the incentives offered by the Toyota Rewards Visa® and the Lexus Pursuits Visa® are satisfactory, cash-back credit cards often provide more benefits upfront. The versatility of redemption options and the sign-up incentives offered by travel rewards cards are significantly increased.

The best place to use these cards is at a Toyota or Lexus dealership since you will earn five points for every dollar spent there, and you will be able to redeem those points for things like servicing parts or even a down payment on a vehicle.


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