Lexus Pursuits Visa® Signature

Lexus Pursuits Visa® Signature Review

This is a store card issued by Comenity Bank. If you're wondering whether Lexus Pursuits Visa® Signature is the right card for you, read on.

Key Takeaways

• Signup bonus. Offers a signup bonus of 5000 points after spending $50 within 3 months that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.49% up to 26.49%.
• 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.
• 5% Balance transfer fee. Lexus Pursuits Visa® Signature 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, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Lexus Pursuits Visa® Signature

The Good

The Bad

Earn points for every dollar spent at Lexus dealerships, gas, dining, entertainment and wherever Visa card is accepted. Receive 5,000 bonus points for spending $500 outside Lexus dealerships within first 90 days Redeem points on services, parts, accessories, eligible Lexus vehicle purchases and more. No annual and foreign transaction fee. No annual fee. No foreign transaction fee. Lexus Pursuits Visa® Signature reports to multiple credit bureaus.

High cash advance and balance transfer rates. Higher than average purchase APRs. Does not offer rewards or cash back. Charges a 5% balance transfer fee

Lexus Pursuits Visa® Signature FAQ

Does Lexus Pursuits Visa® Signature have a cash back or rewards program?

No, it does not offer a rewards program.

What are the relevant APRs for Lexus Pursuits Visa® Signature?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Lexus Pursuits Visa® Signature has a variable purchase APR that ranges from 17.49% up to 26.49%. The card has a variable balance transfer APR of 26.99% . It also has a variable cash advance APR of 27.24% .

What are the fees for Lexus Pursuits Visa® Signature?

The following fees apply:

Lexus Pursuits Visa® Signature Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$
Initial Program Fee	$
Foreign Transaction Fee	0%
Returned Payment Fee	Starting at $ up to $41
Late Payment Fee	Starting at up to $41

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Lexus Pursuits Visa® Signature report your account activity to credit bureaus?

Yes, Lexus Pursuits Visa® Signature reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• 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.

How to apply for Lexus Pursuits Visa® Signature

• Visit the Lexus Pursuits Visa® Signature website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.