• October 17, 2008

U.S. Bank and Toyota have agreed to issue a Toyota Rewards Visa card, offering points redeemable for parts, service, accessories and vehicle purchases and leases.

Through the program, cardholders will earn five points for every dollar spent in a Toyota dealership and one point for every dollar elsewhere. Every 100 points accumulated equals $1 worth of purchases at Toyota dealers nationwide.

The card will be issued by Toyota Financial Savings Bank, while U.S. Bank will provide marketing support and risk management for the rewards program.--Aaron Baar