U.S. Bank and Toyota has teamed up to offer the Toyota Rewards Visa, giving Toyota owners an aficionados a way to earn points toward service, parts, accessories and vehicle purchases and leases at Toyota dealerships nationwide.
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The card is made available through a joint issuance agreement between the two companies, in which Toyota Financial Savings Bank serves as the card issuer, and U.S. Bank provides management of certain components of the program, including marketing support and risk management.
The card allows Toyota enthusiasts to earn Toyota Reward Points on everyday purchases. Cardholders earn five points for every $1 spent in a Toyota dealership and one per $1 spend elsewhere. For each 100 points accumulated, $1 can be redeemed at more than 1,200 Toyota dealerships in the U.S. for service, parts, accessories or an eligible vehicle purchase or lease. Also, new cardholders will receive 2,500 bonus points when they make their first purchase using the card.
""We're thrilled to partner with a strong brand like Toyota to create the Toyota Rewards Visa," says Pat Coll, executive vice president of U.S. Bank Retiil Payment Soulutions. "Together, we are able to provide one of the most generous rewards programs in the auto industry for Toyota's customers."
