Are there any credit cards that offer car-related rewards?
Using a credit card can help establish a credit rating that can make getting an auto loan easier. In addition to this, many credit cards offer rewards programs that can be redeemed in a variety of ways. So are there any credit cards that offer car-related rewards?
Several credit cards offer automotive-related rewards programs. These can be used to help get a significant discount on a new vehicle.
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Capital One BuyPower Card
This card can help users earn rewards points that can be redeemed towards a new GM vehicle. This includes models by Chevrolet, Buick, GMC or Cadillac. The card lets users earn 5% back on the first $5,000 of purchases each year. After that, card-holders earn an unlimited 2% back on all purchases. The card also requires no annual fee. Rewards points can then be redeemed at the dealership with the new vehicle purchase.
Toyota Rewards Visa
If you are a Toyota fan, the Toyota Rewards Visa is a good credit card choice. This card utilizes a points system. 5 points are earned for each dollar spent at a Toyota dealership. This includes any expenses for parts or services. Card-holders will also earn 2 points for every dollar spent on gas, 2 points for every dollar spent on entertainment-related purchases and an additional 1 point for all other purchases. Points do not expire, and there is no limit on the number that can be earned.
If you are looking for something a bit more stylish, the Lexus Pursuits Visa operates the same as the Toyota Rewards Visa, but the rewards points can be used towards a Lexus vehicle.