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Toyota Rewards Visa Review

Earn five points per dollar at Toyota dealerships

About.com Rating 4.5 Star Rating
User Rating 1 Star Rating (1 Review)


Cash in your points for a new or used Toyota vehicle or to service your car. You can also help a family member or friend buy a new car.

Who the Toyota Rewards Visa Is For

  • Toyota customers who want to earn rewards toward a new or used car or service.

Credit Rating Required

  • Good to Excellent (660+)

About the Toyota Rewards Visa


  • No annual fee.
  • Points can be redeemed for either new or certified used cars.
  • Flexible redemptions.


  • Strict limits on points earned.


  • Five points per dollar on purchases at Toyota dealerships.
  • One point per dollar on everything else.


  • 11.99 to 18.99% on purchases and balance transfers.
  • Penalty APR: 29.99%.


  • No annual fee.
  • Balance transfer fee: 3% of balance.
  • Late payment fee: Up to $35.
  • Returned payment fee: Up to $35.
  • Over limit fee: Up to $35.

Toyota Rewards Visa Review

Both Toyota and its luxury car division, Lexus, have rewards credit cards that help you earn points toward your next vehicle purchase. But in some ways, this card is a better deal than the Lexus Pursuits Visa card; it certainly gives you more options for cashing in your points to buy a car.

Both cards let you earn five points for every dollar you spend at the dealership. With this card, you earn one point per dollar everywhere else; the Lexus card lets you earn 1.5 points per dollar on purchases outside the dealership.

Points are worth a penny a piece, so 10,000 points are worth $100.

Points can redeemed for service, parts and accessories at Toyota dealerships, rentals at Toyota Rent a Car, and the purchase or lease of a new or "certified used" Toyota. The Lexus card lets you redeem your points for new vehicles only.

The Toyota card also lets you redeem as many points as you like; by contrast, you can only redeem Lexus points up to 10% of the value of the vehicle price.

The number of points you can earn is capped: Up to 200,000 points, or $2,000, per year on purchases made at participating Toyota dealers, and up to 5,000 points, or $50, per billing cycle on purchases outside the dealership.

The Toyota card also lets you help a family member or friend buy a new car. While you can't give your points to someone else, you can help them buy a car with your points provided you're present at the transaction. The Lexus card doesn't let you do that.

Unused points expire after five years in both programs.


It's too bad the points earned on either the Toyota and Lexus cards aren't interchangeable. If you have the Toyota card and start earning points and later decide to buy a Lexus, it doesn't appear you can use those points.

If you prefer other brands of automobile and are interested in earning points toward a future vehicle purchase, check out the GM Flexible Earnings Card or the new Chrysler MasterCard.

User Reviews

Reviews for this section have been closed.

 1 out of 5
Toyota rewards card, Member mkozar

I have transfer the balance to toyota rewards card with their promotional 0% till 07/2012 and on my 1st statement rcvd interest. Will never use them again.

2 out of 4 people found this helpful.

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