No doubt about it; State Farm Bank is known more for its auto and homeowners insurance than it is for issuing credit cards, but State Farm does provide a few options when it comes to credit cards, including a Visa card. State Farm bank credit cards are available for students as well as personal and business use.
Types of State Farm Bank Credit Cards
State Farm Bank offers a variety of State Farm Bank credit cards including:
• State Farm Rewards Visa
• State Farm Good Neighbor Visa
• State Farm Crystal Rewards Visa Signature
• State Farm Student Visa
• State Farm Bank Business Visa
For example, the State Farm Business Visa card comes with benefits and rewards that can be used in a variety of ways. With low introductory APRs, no annual fees, and a number of options when it comes to how you use your rewards, State Farm Bank credit cards are popular among those already aware of State Farm’s reputation as “a good neighbor”.
Benefits for the State Farm Bank credit cards depend naturally on what card you have. For example, the State Farm Bank Business Visa is one type of State Farm Bank credit cards that offers opportunities to earn what State Farm calls State Farm Dollar Rewards that can be redeemed for cash back, office supplies, travel, and so forth. State Farm Dollars Rewards Program offers card holders to earn 1% in State Farm Dollars for all purchases, and 2% State Farm Dollars for purchases that are made on eligible travel purchases at office supply stores.
According to State Farm, eligible travel purchases include any travel made by car, railway, bus, an airline. You’re not limited to travel options though, and State Farm Dollars can also be earned with hotel stays. From commercial office furniture to stationery, State Farm bank credit cards give you the chance to earn benefits from such everyday and humdrum expenditures.
Finally, you can also use your State Farm Dollars to pay for insurance premiums, on the mutual funds, for lending products as well as bank accounts associated with State Farm. Such down to earth options when it comes to applying State Farm Dollars to services or products are indeed welcome these days.
Annual Percentage Rates and Fees
Annual percentage rates will differ among cardholders, depending on credit history. Variable rates on State Farm Bank credit cards average 11.24% to 20.24%. All the State Farm bank credit cards with the exception of the State Farm Student Visa come with a 0% introductory annual percentage rates on purchases for six to 12 months and on balance transfers as well. For example, the State Farm Bank Business Visa offers an introductory six-month 0% annual percentage rate, afterward which the APR averages 13.24% and 20.24%, based on credit history.
The State Farm Rewards Visa does not have an annual fee, nor does the State Farm Good Neighbor Visa. The State Farm Crystal Rewards Visa Signature card has a $30 annual fee. The State Farm Bank Business Visa does not charge an annual fee, nor does the State Farm Student Visa. Compare State Farm bank credit cards to determine which best suit your spending habits and needs.