Review: Lexus Credit Card

lexus-credit-cardLuxury car maker Lexus, through its own Lexus Financial Savings Bank, that allows you to earn points toward future Lexus vehicles, service, parts and accessories. Our overview / review of the card is below:

To begin, the card in question is the Lexus Pursuits Visa, with “Visa” being an important word. Because Visa is accepted so widely, this card is accepted widely as well, making it preferable to retail or other limited-use cards tied to a particular merchant. If you are a Lexus owner and/or fan, you can earn rewards on more than just Lexus purchases, which is good.

What are those rewards? You earn:

  • 5 points for every dollar spent at Lexus dealerships.
  • 1.5 points for every dollar spent everywhere else.

You can save up those points and use them to pay up to 10% of the price of a new Lexus purchase or lease. You also can use your points toward Lexus service, parts, or accessories.

Thee is no annual fee for the card, and the interest rate ranges from 11.99% to 18.99%, depending on your credit history. If you get accepted at the high end of that range, you might want to pass this card by; otherwise, the rate range is competitive in today’s market.

Overall, it’s a good card for the Lexus fan — assuming you pay off your full card balance each month. If you don’t, you’ll end up paying more in interest than you gain in rewards.

You can NOT apply for the Lexus credit card online — visit a Lexus dealer to get an application.

See also: Store Credit Cards, Instant Approval Credit Cards, Lexus Credit Card Payment, Login, and Customer Service Information