No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Toyota also have tiers for their car loans, so I am guessing they want CC customers in their top couple of tiers.
I looked into this but I spend so little at Toyota that it was not worth it, and I can't put my car loan on it
@Red1Blue wrote:
I applied for this and also for Lexus Card. Both were denied.
What was the reason for your Lexus card denial if you don't mind me asking. Did you end up buying a Lexus?
@FretlessMayhem wrote:
@Red1Blue wrote:
I applied for this and also for Lexus Card. Both were denied.
What was the reason for your Lexus card denial if you don't mind me asking. Did you end up buying a Lexus?
Too many new accounts and inquries. Common reasons for decline. I did not buy lexus. My wife bought one. I bought a Toyota and financed it through Toyota Motor Credit.
Toyota's card is through Toyota Financial Savings Bank, and Lexus' is through Lexus Financial Savings Bank. I assume they are the same institution. I don't think US Bank is involved with them any longer.
I applied on line last July and got the "we'll get back to you in 10 days message". But the following week I got the card with a very nice $25,000 CL (790 FICO). I wouldn't assume their standards for an unsecured credit card are the same as their standards for a secured car loan, especially in this environment. I use the points to pay for oil changes and sundry charges at the Lexus dealer.
update: it was approved for a very small $1300 CL but ill take it since everyone else has been denying, I have already been added as joint account to it with no credit pull.
Just received first bill and it looks just like my Usbank bills, then when I added the payee to my Chase checking account it says Toyota Financial - US BANK. The statements says toyota savings bank but I wonder if that is underwritten by usbank.
Anyway find it interesting we just got denied by usbank but got approved for this card
@Creditaddict wrote:update: it was approved for a very small $1300 CL but ill take it since everyone else has been denying, I have already been added as joint account to it with no credit pull.
Just received first bill and it looks just like my Usbank bills, then when I added the payee to my Chase checking account it says Toyota Financial - US BANK. The statements says toyota savings bank but I wonder if that is underwritten by usbank.
Anyway find it interesting we just got denied by usbank but got approved for this card
US Bank may manage the payment systems for Lexus/Toyota, but all paperwork and documents will always show Toyota or Lexus Financial Savings Bank. You are dealing with Toyota which is why you may be approved by them and denied by US Bank. Different underwriting standards.