Review: Lexus Credit Card

Luxury car maker Lexus, in partnership with Comenity Capital Bank, offers a credit card that allows you to earn points toward the purchase of 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 certain 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.
  • 2 points per dollar on gas, dining, and entertainment purchases
  • 1 point for every dollar spent everywhere else.

You’ll get a bonus of 5000 points if you use the card for at least $500 in purchases in the first 90 days of having it.

You can save up your points and use them to pay toward a new Lexus vehicle purchase or lease. You also can use your points toward Lexus service, parts, or accessories.

There is no annual fee for the card, and the interest rate ranges from 15.99% to 24.99%, 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 hardcore 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. But unless you’re really spending a lot on Lexus parts and services already, you’d be better off choosing a good everyday cash back card instead.

You can apply for the Lexus Pursuits Visa using this online application.