Lexus Pursuits Visa is regarded as a store credit card, it is also one of the credit cards issued by Comenity Bank. If you are wondering whether Lexus Pursuits Credit Card is the right card for you, read on. This article will guide you through everything you are to know on Lexus Credit Card.
Metro Lexus offers two exceptional Credit Card choices for customers, this them flexibility to choose the Lexus Benefits that are right for them.
With the benefits ranging from 0% APR Financing for 6 months on dealership purchases, to reward-earning opportunities inside and outside the dealership. It is believed Lexus have the right card for any Lexus driver. The credit cards offered by Lexus are Lexus Pursuits Credit Card and Lexus Pursuits Visa
Lexus Pursuits Visa
Your partner in drive, driving a Lexus has never been more rewarding thanks to the Lexus Pursuits Visa Credit Card. Redeem points on service, parts, accessories, eligible Lexus vehicle purchases and more.
The application process is easy and takes only a few minutes. Once you are approved and have received your account information, you can begin enjoying all the benefits of your Lexus Pursuits Visa account.
Lexus Pursuits Credit Card
On Lexus Pursuits Credit Card, you enjoy zero Interest for 6 Months if paid in full on dealership purchases of $199 or more, every time you spend $199. Interest will be charged to your account (at the standard, variable APR of 29.24%) from the purchase date if the purchase balance is not paid in full within the promotional period or if you make a late payment.
Minimum monthly payments are required for this plan during the promotional period. Lexus Pursuits Credit Card Accounts are offered by Comenity Capital Bank as mentioned above which determines qualifications for credit and promotion eligibility.
At no time will the minimum payment be less than $30.00. The Minimum Interest Charge is $2.00. Standard variable APR of 29.24%, based on Prime Rate. Accurate as of 08/29/2019.
Lexus Pursuits Visa Card Pros
This part of the article will run through some of the benefits of using this credit card. We believe the pros will outshine the cons. Though, we will also list out the cons after these pros.
====> Lexus Pursuits Credit Card has no annual fee attached to it. You don’t need to worry about the annual fee.
====> You will earn points for every dollar spent at Lexus dealerships, gas, dining, entertainment and wherever Lexus Visa card is accepted
====> Redeem points on services, parts, accessories, eligible Lexus vehicle purchases and more.
====> No foreign transaction fee, even when you make a foreign transaction, you will not be charged for the transaction.
====> Lower than average purchase APRs.
====> Lexus Pursuits Visa reports to multiple credit bureaus, your account and transactions are safe
====> You will receive 5000 bonus points for spending $500 outside Lexus dealerships within the first 90 days of obtaining Lexus Pursuits Visa Card
Lexus Pursuits Credit Card Cons
As mentioned above, we promised to list out the cons of the credit card. This is the right time to highlight the cons of Lexus Pursuits Credit Card
====> High-interest rates, this credit card offers high-interest rate
====> Does not include any credit card benefits
====> Does not offer rewards or cash back, some credit card offers bonus reward and cash back, these are not available in Lexus Visa Card program
====> Charges a 5% balance transfer fee, this is a bit high
Lexus Pursuits Visa Card Fee and Rate
Credit Score Range: 650 – 850
Annual Fee: $0
Foreign Transaction fee: 0%
Purchase APR (Variable APR): 13.99% – 22.99%
Returned Payment Fee: about $39
Late Payment Fee: Up to $39
Balance Transfer APR (Variable APR): 26.99%
Key Features of Lexus Pursuits Credit Card
====> 5% Balance transfer fee, Lexus Pursuits Credit charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $10.
====> No foreign transaction fee, this card does not charge a fee when you make a purchase that passes through a foreign bank. Is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when travelling abroad.
====> Signup bonus, this credit card offers a bonus of 5000 points after spending $500 within the first 90 days that can be redeemed for travel, gifts, or other perks.
====> Fair or better credit required, you will have good approval oods if your credit score is above650.
====> Competitive APRs, Lexus Pursuits Visa has a variable purchase APR that ranges from 13.99% up to 22.99%.
====> No annual fee, this is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don’t have to pay an annual fee for the privilege.
Lexus Credit cards Application Requirements
In other to apply for this credit card, you need to meet the following required materials. Once you have them at your disposal, you may go and complete the application as we will explain in the article.
====> Applicant must have a valid government-issued photo identification card
====> Applicant must be a U.S. resident residing in the United States
====> Applicant must be at least 18 years and above
====> As an applicant, you must a U.S. Social Security Number
====> You must have a street, rural route or APO/FPO mailing address
Once you have the above-mentioned items at your disposal, you may go and apply for Lexus Pursuits credit card
Lexus Pursuits Credit Card Application Process
The application process is very simple and easy to go about. You only need to follow what we are about to share with you in the article. Please keep reading as you are about to explore the complete guide to apply for Lexus Credit Card
Step 1 ====> You need to visit the official website application page
Step 2 ====> On the page, locate and click on the Apply now button
Step 3 ====> Now read through the term and condition before filling the application form
Step 4 ====> Then, enter your personal information in the fields provided, such as your first name, last name, Social Security Number, date of birth and annual income.
Step 5 ====> You need to specify the type of address you reside at by selecting one of the two available options. Enter your full address, email address and mobile phone number
Step 6 ====> If you would like to add an authorized buyer (someone else who can make purchases with this card), select Yes and provide that individual’s name and their relationship to you.
Step 7 ====> Then click Continue to proceed
Step 8 ====> Finally, click I Consent followed by Submit. Your application will then be reviewed for acceptance by Comenity Capital Bank.
How to Activate Lexus Pursuits Credit Card
This credit card needs to be activated before you can use it. Without activation, this credit card is just like a plastic card. It is useless, in that case, you need to activate it before you can use it.
Lexus Pursuit credit card can be activated through the online process and phone call process. You can activate your card online, or you can call the number located above to speak to a customer service representative.
Online Activation Process
Step 1 ====> You need to visit the online activation page or click here
Step 2 ====> On the page, enter the following details: Your card number, expiration date, specify your identification type, enter the last 4 numbers of your chosen method of identification and enter your zip/postal code.
Step 3 ====> Now click the Continue once everything has been entered correctly.
Step4 ====> After your card has been activated you can continue by clicking on the secure registration link on the page
Mobile Activation Process
To activate your Lexus Credit card via mobile phone, you need to reach the customer representative via this phone number 1 844 271 2613
Lexus Credit Card Login Process
You have just completed the application process, now we need to run through the login guide process. The process is also simple, you only need to follow simple steps.
Step 1 ====> You need to visit the official login page
Step 2 ====> From there you will see a menu on the left where you can enter your login details (User Name and Password).
Step 3 ====> Once entered correctly, click Sign In button to access your online banking.
Once you entered the correct login details, you should be able to login into your online account
How to Reset or Recover Lexus Credit Cards Login Details
If you forget your login credentials, you will be able to reset and recover them. You are to click on the Forgot your user name or password? link located within the main login menu.
In the window that pops up, enter your credit card number or user name, zip/postal code, specify your identification type (SSN, SIN, or alternate) and enter the last 4 number of your chosen method of identification. When everything has been entered correctly, click Find My Account
Lexus Pursuits Credit Card Q&A
Is there a Lexus Pursuits Visa cashback or rewards program?
No, Lexus Pursuits Visa does not offer a rewards program. We mentioned this in the article if you like a reward credit card, Lexus Visa Card is not what you need
What are the Lexus Pursuits Visa Credit Card Benefits?
Lexus Pursuits Visa provides a Zero fraud liability and reports to major credit bureaus. You may read more of the benefits under the heading titled Lexus Pursuit Credit Card Pros
Does Lexus Pursuits Visa Report your Account Activity to Credit Bureaus?
Yes, Lexus Credit Card reports your account activity to these credit reporting agencies: Equifax, Experian, and Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
Does Lexus Pursuits Credit Card have an Introductory APR offer on Balance Transfers?
No, Lexus Pursuits Visa does not come with an introductory APR offer for balance transfers.
What are the Relevant APRs for Lexus Pursuits Visa?
According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance.
Lexus Pursuits Visa has lower than average purchase APRs. Lexus Pursuits Credit Card has a variable purchase APR that ranges from 13.99% up to 22.99% as mentioned above in the article.
The card has a variable balance transfer APR of 26.99%. It also has a variable cash advance APR of 24.99%.
Does Lexus Credit Card have an introductory APR offer on new purchases?
No, Lexus Pursuits Visa does not offer an introductory rate on new purchases.
What are the Fees for Lexus Pursuits Visa?
The following fees apply to Lexus Pursuits Visa
Annual Fee: $0
Foreign Transaction fee: 0%
Returned Payment Fee: About $39
Late Payment Fee: Up to $39
Where can I Use My Lexus Pursuits Credit Card?
But what really sets these cards apart is that you can redeem points to pay for service, parts and accessories at Toyota dealerships (for the Toyota Rewards Visa) and Lexus dealerships (for the Lexus Pursuits Visa). You can even cash in points toward a new car for any amounts due at signing.
Does Lexus Pursuits Visa have a Foreign Transaction Fee?
Lexus Pursuits Credit Card does not charge foreign transaction fees. If you are a frequent traveller, this can save you hundreds of dollars in credit card fees when you travel out of the country.