Credit Cards Center Credit cards from our partners
Reply
Super Contributor
Posts: 13,673
Registered: ‎04-22-2013
0

Toyota Reward Visa

I just received a pre-approval for this card, which is pretty unexciting.  5x points at Toyota dealership, 1 point per $ elsewhere, points can only be redeemed, at a 1c per point equivalent, at dealers.  Some strange earning caps, such as 200,000 per year for points at the dealer, 5,000 points per month maximum elsewhere.

 

But first time I have seen this for FTF: 0.8% for foreign purchases in US dollars, 3% for foreign purchases in foreign currency.

 

Do other cards have this split?   I thought most charged the same FTF whatever the currency, which burned people who got bad exchange rates from the vendor at time of purchase, and then got the 3% FTF anyway.

Senior Contributor
Posts: 4,043
Registered: ‎10-02-2012
0

Re: Toyota Reward Visa

BUMP

Valued Contributor
Posts: 1,382
Registered: ‎10-07-2013
0

Re: Toyota Reward Visa

I was solicited for this card a couple of times. I think I was solicited on the first stateent, and then at about statement #8.

 

At the time I didn't accept because there's always the caveat that they will look at your credit report, and I knew there was a blemish on my report that wasn't bringing down my score, but would give reason to a credit analyst to turn me down.

 

They've solicited me again for the card. Of course, their promotional offer for a balance transfer is moot for me as I've already been paying down my debt.

 

Not sure what to do with it. I do use the dealer for oil changes because I don't want my warranty to be voided, but I'm hoping with it being a Toyota I shouldn't need much in the way of service.

I was going to garden... Honest!
Valued Contributor
Posts: 1,544
Registered: ‎01-29-2008
0

Re: Toyota Reward Visa

All I can say about this card it is a waste of time to apply I wish I had not and had investigated further on this card before I applied, much better cards out there, look for my thread, CreditAddict's threads about this card, this card acts more like a charge card, can't request a cli until after a year, must pay in full monthly if leaving a balance cli denial is sure to happen, random reporting not at closing date, customer reps never connect you to a credit analyst even when asked, very strange. For frequent Toyota car owners like myself it is a shame that Toyota Financial Bank does not have a better credit card.......


Starting Score: EQ 546 TU 566
Current Score: EQ 693TU 08 729 EX 08 738Need to Garden/New Accounts
Goal Score: 800
Valued Contributor
Posts: 1,382
Registered: ‎10-07-2013
0

Re: Toyota Reward Visa

Well, I'm thinking about this one again.

 

Yep, in this month's statement there was a flyer to apply for the Toyota Visa. It might not be horrible, since the car has 50k miles on it and parts might start breaking, needing replacement. I already know the tires and brakes will need repair soon. For all I know, they've monitored my credit file and noticed that the Firestone/CFNA card showed usage after being dormant for so long.

 

It's going on the calendar...  August may be a planned CLI/App-O-Rama: BWAHAHA

I was going to garden... Honest!
Super Contributor
Posts: 8,180
Registered: ‎05-23-2009
0

Re: Toyota Reward Visa

I got pre-approved for the card a few years ago and I got approved for $ 7800 a Platinum card. Recently, they upgraded my card to Visa Signature. The card is ok. It is good for servicing my Prius.

Ron.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.