The MyToyota Credit Card launched in January on the MyToyota Store and at select dealer locations. Starting today, all dealers are now eligible to enroll!
The MyToyota Credit Card offers customers payment flexibility with 0% interest if paid in full within 6 months on purchases of $199 or more. Interest will be charged to the account from the purchase date if the promotional plan balance is not paid in full within the promotional period.1 As the selling dealership, you will be paid like any other credit card transaction by the credit card company (1-3 days) at lower interchange fees.
If you elect to participate in the program locally, your customers can use their MyToyota Credit Card to pay for any products/service directly at your dealership, including but not limited to:
- Planned or unplanned service
- Down payment on new forklifts
- Purchases of walkies and HPTs
- Parts
All dealers are participating in the program through the MyToyota Store, and customers who have the card can use it for any online purchases on the platform.
Enroll here: https://breadfinancial.formstack.com/forms/mytoyota
Required information includes but is not limited to:
- Dealership Federal Tax ID
- All Merchant Identification Numbers (In-store & E-commerce)
- Dealership address, phone, and email
- List all contacts for the dealership, including Program Administrator, General Manager, and Director level positions.
- Execute the franchisee/banking agreement with your electronic signature within the enrollment link.
Your primary dealer contact will receive their welcome email and marketing kit in approximately 5-7 business days once your setup is complete.
Deferred Interest, Payment Required plan: Interest will be charged to your account from the purchase date if the promotional plan balance is not paid in full within the promotional period. Minimum payments are required for each credit plan. Minimum payments are NOT guaranteed to pay the promotional plan balance within the promotional period. You may have to pay more than the minimum payment to avoid accrued interest charges. Offer only available at participating Toyota Material Handling, Inc. Authorized Dealerships. Valid for single transaction only. Qualifying purchases will automatically be placed on a promotional plan. If purchase qualifies for more than one plan, it will be placed on the qualified plan with the longest promotional period. As of June 2023, terms for new accounts: Purchase APR of 28.99%. Minimum interest charge is $2 in any billing period in which interest is due. Existing Cardholders: see your credit card agreement for account terms.
Credit card offers are subject to credit approval. MyToyota Credit Card Accounts are issued by Comenity Capital Bank.