Does any one use it or currently have one ?

Had you had any of the 10% off toward new lexus purchase yet ?

Please let me know as i just received the mail in offer. I wonder if it works the same as the GMCARD where you may randomly selected for 10% off on new vehicle in mail, and it is combinable toward any other offers.

Thanks.

 

I have one. You dont get 10% off your next Lexus. You get 5 points for every dollar spend at a Lexus dealership and then you can apply those points for up to 10% off your next Lexus. I use the card when I go in for service and to place deposits on my next vehicles. Great way to rack up points for use on new car accessories and to reduce cost of service

 

Anyone have a point conversion chart? How many points do you need to get the maximum 10% off?

I have a regular, free Visa cash rewards card that gives me 3% cash back on gas, 2% cash back on restaurants and miscellaneous items, and 1% cash back for everything else.

 

only every five dollar at the Lexus Stealership is like one dollars everywhere else

 

^^ haha, the card is the only way to make the pricing better for service. plus its a good deal with 5 points per dollar.

the conversion rate is 1%. So if you spend $1000 at Lexus, that equals 5000 points which equals 50 dollars. No other card gives you 50 dollars for every 1000 spent.

 

My AMEX Blue Cash, which isn't available anymore but I'm grandfathered into, gives me 5% on gas, groceries, and restaurants. And I get it as cash or can redeem it for offers and gift cards, which may give secondary bonuses (like 50% off a gift card, which would boost it to 7.5% cash back). 1.5% on everything else, so I use it as much as possible to pay any and all bills. I get a nice hefty rebate annually.

But other than that, no card really comes close.

The Lexus Visa isn't a very good card, as rewards go. The only reason I have one is because some merchants don't take AMEX. And the fact that it's black actually does get you better treatment with some services.

 

For 10,000 points can I buy $100 visa gift card?

 

Get a Costco Amex for gas rewards.
Or get a Starwood Amex and take a vaca.
My $0.02.