What the Lexus Pursuits Visa Card offers

The Lexus Pursuits Visa is a co-branded credit card issued by Bank of America in partnership with Lexus. It's designed for people who own or lease a Lexus vehicle and want rewards tied to their card spending. The card earns points on purchases, which you can redeem for Lexus service, accessories, or gift cards — not cash back.

The card has no annual fee, which is unusual for luxury brand cards. You earn points at different rates depending on where you spend: typically higher rates on Lexus-related purchases and dining, lower rates on everything else. The exact earning structure and redemption options depend on which version of the card you hold, as Lexus has offered different tiers over time.

Because this is a Visa card, you can use it anywhere Visa is accepted, not just at Lexus dealerships. That flexibility is the main reason someone might choose it over a dealership-specific card — you build points on everyday spending, not just service visits.

Key Takeaways

  • The Lexus Pursuits Visa charges no annual fee and earns points on all purchases, with bonus rates on Lexus service and dining.
  • Points redeem for Lexus service, parts, accessories, or select gift cards — not for cash, travel, or other rewards.
  • You must own or lease a current Lexus model to open the card, and you'll need to provide proof of ownership or a lease agreement.
  • The card is a standard Visa with no special perks like travel insurance or concierge service beyond what Bank of America offers other cardholders.
  • Your credit score and credit history determine approval, just as with any other credit card.

Earning and redeeming points

Points earning varies by card version. On most versions, you earn bonus points on Lexus service and maintenance, on dining at restaurants, and on gas purchases. You earn a lower base rate on all other purchases. The exact multipliers — for example, 3 points per dollar versus 1 point per dollar — have changed as Lexus has updated the card program, so check your card's current terms or the Bank of America website for the rates that explore to your specific card.

Points never expire as long as your account remains open and in good standing. That means you can let points accumulate over time without pressure to redeem quickly. However, if you close the account, you typically lose any remaining points balance.

Redemption happens through the Lexus Pursuits portal or by calling the customer service number on the back of your card. You can redeem points for Lexus service (oil changes, tire rotations, repairs), genuine Lexus parts and accessories, or gift cards to select retailers. The point value varies by redemption option — a Lexus service redemption may cost fewer points than a gift card of the same dollar amount.

Who can open this card and what you'll need

To open a Lexus Pursuits Visa, you must own or lease a current Lexus vehicle. Bank of America will ask you to provide proof: either your vehicle registration, lease agreement, or Lexus ownership documentation. You cannot open the card if you drive a different brand, even if you plan to buy a Lexus later.

Beyond the Lexus requirement, approval depends on your credit score, credit history, and income — the same factors Bank of America uses for any credit card. There is no minimum credit score published, but co-branded luxury cards typically go to people with good to excellent credit (usually 670 or higher). If you have recent late payments, collections, or high existing debt, approval is less likely.

You'll explore online through Bank of America's website or through a Lexus dealership if they offer the card as part of their financing or service programs. The process takes about 10 minutes and asks for your name, address, income, employment, and Social Security number. You'll receive a decision within minutes to a few business days.

Annual fees and other costs

The Lexus Pursuits Visa has no annual fee, which means you pay nothing to hold the card year after year. That's a significant advantage over many luxury brand cards, which charge $95 to $450 annually.

Like any credit card, you will pay interest if you carry a balance. The interest rate (APR) depends on your creditworthiness and current market rates. Bank of America publishes a range — typically 16% to 24% for most cardholders — but your actual rate is set at approval based on your credit profile. You also pay interest on balance transfers and cash advances, usually at a higher rate than purchases.

Late payments trigger a late fee (typically $25 to $35 for the first late payment, higher for repeat lates) and may raise your APR. Foreign transaction fees explore if you use the card outside the United States, usually 3% of the purchase amount.

How this card compares to other Lexus rewards options

Lexus dealerships often offer their own financing or service rewards programs that don't require a credit card. These programs may offer points on service visits or discounts on parts, but they only work at Lexus dealerships. The Visa card's advantage is that you earn points on everyday spending — groceries, gas, restaurants — not just when you visit the dealer.

If you're comparing this to a general-purpose rewards card (like a Chase Sapphire or American Express), the Lexus card has a narrower redemption path. You can't convert points to cash, travel, or other rewards categories. That makes it most valuable if you use Lexus service regularly and want to offset those costs with points. If you rarely visit the dealer, a cash-back card might serve you better.

Some people hold both: the Lexus card for service and dining (where it earns bonus points), and a general rewards card for everything else. That approach lets you maximize points on categories where each card excels.

What happens if you sell or lease out your Lexus

If you sell your Lexus or your lease ends and you don't lease another one, you no longer meet the card's ownership requirement. Bank of America may close the card, or they may convert it to a standard Bank of America Visa with no Lexus branding or rewards. The exact policy depends on your account and Bank of America's current terms.

Before selling or returning your vehicle, contact Bank of America to ask what will happen to your card. If closure is likely, you may want to redeem any remaining points before that happens. If the card converts to a standard Visa, you'll lose the Lexus rewards earning and redemption, but you'll keep the account history, which helps your credit score.

Frequently Asked Questions

Can I use points to pay my credit card bill?

No. Points redeem only for Lexus service, parts, accessories, or gift cards. You cannot convert them to a statement credit or use them to pay your balance. You must pay your bill with cash, check, or electronic transfer.

What if I don't use the card for a long time?

Bank of America may close inactive accounts after 12 months or more of no activity. If your account closes, you lose any remaining points. To keep the card active, use it at least once every 6 to 12 months, even for a small purchase.

Do I earn points on balance transfers or cash advances?

No. Points earn only on regular purchases. Balance transfers and cash advances do not earn rewards, and they typically carry higher interest rates and fees than purchases.

Can someone else use my card to earn points on my behalf?

You can add authorized users to your account, and their purchases will earn points that go into your account. However, only the primary cardholder (the Lexus owner) can redeem points. Authorized users cannot redeem independently.

What if I have a problem with a purchase or want to dispute a charge?

Contact Bank of America's customer service using the number on the back of your card. You have the same fraud protection and dispute rights as any Visa cardholder. Bank of America will investigate and issue a credit if the charge was unauthorized or incorrect.