08-21-2013 09:00 AM
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.
10-11-2013 05:05 PM
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.
10-11-2013 05:43 PM
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.......
08-01-2014 05:40 AM
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
08-01-2014 05:51 AM
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.