Last updated on September 5th, 2023
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Lexus Pursuits Visa®
Lexus Pursuits Visa®
- 21.24%, 25.24%, or 30.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 26.99% variable based on the Prime Rate Balance Transfer APR
- 32.24% variable based on the Prime Rate Cash Advance APR
At a Glance
Shop your way behind the luxurious wheel of a Lexus with the Lexus Pursuits Visa® credit card. Earn 5X points at Lexus dealerships; 2X points at gas stations, restaurants, and entertainment venues; and 1X everywhere else. Ideal for those who are in the market for a new Lexus or who regularly have their vehicle serviced or repaired at a Lexus dealership, use your earnings to reduce your costs at signup or to cover Lexus maintenance fees.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- 5X points at Lexus Dealerships
- 2X points on gas, dining, and entertainment
- 1X point everywhere else
- Flexible point redemption options
- No annual fee
- Regular Purchase APR: 21.24%, 25.24%, or 30.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 26.99% variable based on the Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 5% of the amount of the balance transfer, whichever is greater
- Cash Advance APR: 32.24% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of the cash advance, whichever is greater
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
- You're a loyal Lexus customer and want to accumulate savings towards your next vehicle
- You take your Lexus to a dealership for service or repairs
- You want rewards for entertainment (includes sporting events, amusement parks, carnivals, aquariums, museums, music events, movie theaters, and more)
- You want a card with no annual fee
Lexus Pursuits Visa® Review
The Lexus Pursuits Visa® is one of two auto credit cards offered by Comenity. It gives cardholders the power to earn points towards purchasing or leasing a new Lexus, services or repairs at the dealership, accessories, or non-vehicle related rewards like gift cards or travel. The card has no annual fee but does not provide an introductory APR – so don’t open this card with the expectation of charging your downpayment. Still, the card is unique because it offers bonuses in a wide range of entertainment categories and would be easy to fit into your current lineup of credit cards.
Maximizing Earnings with Lexus Pursuits
New cardholders can earn a signup bonus of 5,000 bonus points after spending $500 outside of a Lexus dealership within the first 90 days – a below-average signup bonus worth $50, but one that is easily achievable.
Beyond the welcome offer, the Lexus Pursuits Visa earns its greatest rewards with Lexus purchases and servicing. Cardholders earn 5X points per $1 spent at participating Lexus Dealerships, double points (2X per $1 spent) at gas stations, restaurants, and entertainment destinations, and 1X everywhere else.
To maximize your returns while meeting the introductory offer, focus on the card’s second-highest rewards category, where purchases at gas stations, dining establishments, and entertainment venues. Doing this can significantly increase your rewards points tally and get you closer to a new Lexus vehicle. Afterward, Lexus purchases will yield the largest returns of 5X points for purchases made online, through the catalog, or in-person at a Lexus dealership.
Auto Rewards Card Comparison
Many auto rewards credit cards are on the market today – both open-loop and closed. But which vehicle credit card is right for you? Here is a quick breakdown of some of the leading card offers:
Toyota/Lexus Rewards Visa®
My GM Rewards Card™
Jeep® DrivePlus Mastercard®
|Issuer||Comenity||Marcus by Goldman Sachs||FNBO|
|Rewards||Earn 5X points at Lexus or Toyota Dealerships, 2X on gas, dining, and entertainment, and 1X on all other purchases||Earn 7X total points per dollar spent with GM and 4X points on all other purchases||Earn 5% back on FCA US purchases, 2% back on gas and travel purchases, and 1% back on all other purchases|
|Intro APR||N/A||0% for 12 months on purchases||0% for 6 months on FCA US dealership purchases $499+|
Redeeming Lexus Pursuits Points
Lexus Pursuits Visa® points have the highest value of $0.01 when redeemed directly with the dealership, and although redemption options are somewhat limited, they can contribute to significant savings on your next vehicle. Points can be applied towards the amount due at signing for the lease or purchase of a Lexus at the dealership. Although points can be redeemed for travel, restrictions and fine print make this an unrecommended redemption option – stick to putting points towards your vehicle-related needs.
Another strength of the Lexus Pursuits Visa card is that earning is unlimited, and points don’t expire. Regularly using this card could result in a substantial number of points – although low individual point values do leave some things to be desired. To earn $100 worth of points, cardholders would have to spend:
- $2,000 at Toyota dealerships or
- $5,000 on gas, dining, and entertainment or
- $10,000 on anything else
Store Card Option Also Available
Like other retail credit cards, the Lexus Pursuits credit card program also includes a store card option for those who may not qualify for the Visa version of the credit card.
The Lexus Pursuits Credit Card is the other credit option from Lexus and Bread Financial. The Pursuits Credit Card sounds similar to the Pursuits Visa but differs in one key way: Unlike the Lexus Pursuits Visa®, which can be used anywhere the Visa payment network is accepted, the Lexus Pursuits Credit Card only works for purchases made directly with Lexus.
This Lexus-only focus is a major detriment and only really makes sense if you want to finance smaller repair and service charges on your existing Lexus vehicle. This closed-loop (the term for a store card) nature also means cardholders don’t earn rewards on outside purchases made with their card – especially on bonus categories: gas, dining, and entertainment.
Related Article: Open Loop vs. Closed Loop Store Credit Cards
Other Card Features
Comenity Bank’s Lexus Pursuits Visa features include EMV chip technology for contactless payments and handy mobile app access for 24/7 banking. Cardholders also enjoy Visa Platinum benefits and protections. These benefits include the following:
|Zero Fraud Liability||Cardholder Inquiry Services||Emergency Card Replacement|
|Roadside Dispatch and Auto Collision Damage Waiver||Lost/Stolen Card Reporting||ID Navigator from Norton|
How does Comenity rate as a credit card issuer? Here is a selection of reviews and ratings for the bank and its parent, Bread Financial:
Should You Apply for the Lexus Pursuits Visa?
Since there is no annual fee, loyal Lexus customers might find it beneficial to own this card to fund their Lexus-related purchases and accumulate rewards to use towards future services. Those who anticipate owning a new Lexus within a few years could easily take advantage of the 2X rewards on gas, dining, and entertainment to boost their earning power and reduce the overall amount due at signup. While returns may not be as high as those from a more generic cash back credit card (or as flexible), the Lexus Pursuits Visa® guarantees that you’ll have less money due when it’s time to sign your name on the dotted line.
Should you put away your go-to rewards credit card and use the Lexus Pursuits Visa® instead? With most co-branded credit cards, the answer will be “no”, but the unique 2X points on entertainment might allow you to fill a niche in your wallet from date nights, family outings, or nights on the town. Otherwise, you’ll want to use this card primarily for Lexus-related purchases.
Overall, the Lexus Pursuits Visa® is a solid automobile credit card that current Lexus customers will be able to find value in year after year. Earning potential is surprisingly well-rounded; this card is the way to go if you’re looking for savings at the Lexus dealership.