Toyota to Launch Credit Card This Fall
May 15, 2008 By Seth Harbison
Toyota will launch a rewards credit card this October, reports The Detroit News, giving fans of their vehicles their first opportunity to earn points that lead to discounts on Toyota cars, trucks and SUVs.
According to the News article, the card’s reward formula will likely be similar to that of the card offered by Toyota’s Lexus division, which offers 1.5 points on most purchases and 5 points on purchases at Lexus dealerships. Holders of the Lexus credit card can use their points to pay for up to 10% of a new Lexus vehicle.
Automotive affinity cards are fairly common, with the GM Card probably the best known of the bunch. However, credit cards from Chrysler, Volkswagen, Subaru, Audi, BMW, MINI, Jeep, Dodge and Mercedes-Benz are also available, and some major credit card companies offer rewards programs that give points redeemable toward new and used vehicles across all manufacturers. For a complete list of these credit cards, see our Automotive Credit Cards list.
-
1.Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
-
2.Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
-
3.Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
-
4.Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
-
5. -
6.American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
-
7.TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months
