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Toyota Rewards Visa®

BestCards Team

| Last updated on November 15th, 2023

Toyota Rewards Visa®

Toyota Rewards Visa®
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Good
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None Annual Fee

Toyota Rewards Visa®

  • 21.24%, 25.24%, or 30.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 26.99% Balance Transfer APR
  • 32.24% variable based on the Prime Rate Cash Advance APR

At a Glance

Use the Toyota Rewards Visa® to earn up to 5X points at Toyota dealerships, gas stations, restaurants, and entertainment venues. Perfect for those who are in the market for a new Toyota or who take their car for service and repair at their local Toyota dealership, use points to reduce your costs at signup or to cover your Toyota maintenance fees.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • 5X points at Toyota 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%
  • 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 each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $39
  • Return Payment Penalty Fee: Up to $39
  • You're a loyal Toyota customer and want to accumulate savings towards your next vehicle
  • You take your Toyota 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

Toyota Pursuits Visa® Review

The Toyota Pursuits Visa® is a unique no-annual auto rewards credit card because it offers bonuses in various entertainment categories and would easily fit into your current lineup of credit cards. Offering points on Toyota purchases, gas, dining, and entertainment, this card is a practical option that allows cardholders to earn points from popular reward categories to use towards the purchase of a new Toyota, service, parts, and accessories, or non-car related rewards such a statement credit, gift cards, and travel.

Maximize Rewards by Shopping with Toyota

Naturally, the card offers its most substantial rewards with Toyota. Cardholders earn up to 5X points per $1 spent on purchases, with the card’s bonus categories breaking down as follows:

  • 5X points at Toyota dealerships, including parts and servicing,
  • 2X on gas, dining, and entertainment, and
  • 1X everywhere else Visa is accepted.

To maximize your returns, 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 Toyota vehicle.

Redeeming Toyota Points

Points have the highest value when redeemed directly with the dealership (which is unsurprising) and can be done in-person, online, or through the catalog. The most practical use of the card is applying Toyota Rewards Visa credit card points towards the amount due at signing for the lease or purchase of a Toyota at the dealership (next best option is a statement credit). Although the Toyota Rewards Visa allows points to be redeemed for travel, this type of redemption has too many restrictions to make it a viable redemption option – cardholders are much better off using points at the dealer-ship.

Since points don’t expire and there is no limit on earning, regular use of the Toyota Rewards Visa could result in a substantial number of points – however, the low point value of $0.01 each might not result in the savings that one would hope. To earn $100 worth of points, you’d need to spend $2,000 at Toyota dealerships, $5,000 on gas, dining, and entertainment, or $10,000 on anything else.

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® Mastercard®

Jeep® DrivePlus Mastercard®
Issuer Comenity Marcus by Goldman Sachs FNBO
Annual fee None None None
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+

Visa Features

The Toyota Visa credit card also offers Visa Platinum security protections and benefits, including: Visa purchase and security benefits such as:

Zero Fraud Liability Cardholder Inquiry Services Emergency Card Replacement
Roadside Dispatch and Auto Collision Damage Waiver Lost/Stolen Card Reporting ID Navigator from Norton

Comenity Bank Ratings

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 Toyota Rewards Visa?

Overall, the Toyota Rewards Visa ® is one of the better automobile credit cards out there, with earning potential in popular categories that truly reward cardholders for everyday spending. As with most other co-branded cards, the Toyota credit card offers the most lucrative earnings and rewards for Toyota-related purchases – so despite the card’s versatility, a more generic cash-back credit card would probably be better suited for the majority of consumers out there.

If you are in the market for a new vehicle but find it difficult to set money aside, the limited redemption options become a strength of the Toyota credit card, ensuring that you’ll have points to reduce your total cost due at signing. Not in the market for a new Toyota just yet? You can justify owning the Toyota Rewards Visa for the 2X returns on entertainment (which isn’t offered by many other credit cards). There is no annual fee so there’s no pressure to spend heavily with this card, you can slowly but surely accumulate points towards a new Toyota – whenever that may be.

Note: Those who currently have a Toyota Credit Card (a closed-loop credit card that can only be used at Toyota) cannot open a Toyota Rewards Visa or Toyota Rewards Visa Signature without a pre-approved offer. Dealership redemption is not available in Hawaii.

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