find the best credit card NerdWallet named Money Magazine's Best Credit Card Website of 2010
NerdWallet > Low Interest Credit Cards > State Farm Good Neighbor Visa Credit Card
Review / Compare / Reward Calculations / Interest Calculations / Rankings / Comments
State Farm Good Neighbor Visa Credit Card
State+Farm Good+Neighbor+Visa+Credit+Card Credit Card

(4/5 - 6 Votes)
Net Annual Rewards
$0
Reward Rate
0.00%
Annual Fee
$0
Signing Promo
None
APR, variable*
Min APR:
11.24%
Max APR:
18.24%
Cash Adv:
20.24%
Intro APR Promotions
Purchase:
None
Transfer:
0% for 12 mos
Summary
  • No rewards offered

Compare To Our Most Popular Cards For The Category

back to top

Compare To Citi® Platinum Select® Visa®

Why do we think you should consider this card?

Pay 0% interest for 21 months
No annual fee

Compare To A Different Card



or compare to

Reward Details & Calculator

back to top

Rewards Type: None

Signing Promotion
$0
Estimated Annual Rewards
$21,600 * 0.00%
$0
Annual Fee, 2 yr avg
$0
Annual Rewards (Rewards less Fees)
$0

Calculate Interest & Finance Charges

back to top
Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.

Finance Charge, Balance Transfer of $10,000*

Balance Transfer Fee, 3.0%
$300
Promo APR, First 12 months
$0
APR, 12 months
$1,219
Total
$1,519

*Average APR for Balance Transfers of 7.1% includes transfer fees and APR promotions.

Effective Annual Rate, Purchases

Promo EAR, 0 months
0.00%
Ongoing EAR, 24 months
11.84%
Total EAR, 24 months
11.84%

APR Rankings

back to top
APR
11.24%
ranks #931 out of 1751 cards.
Average is 11.78%.
Balance Transfer Fee
3%
ranks #905 out of 1639 cards.
Average is 1.67%.
Cash Advance APR
20.24%
ranks #500 out of 1002 cards.
Average is 18.74%.

Rewards Rankings

back to top
Annual Fee
$0
ranks #1 out of 1773 cards.
Average is $9.
Base Reward Rate
N/A
Effective Reward Rate
N/A
Sign-up Bonus
$0
ranks #1762 out of 1762 cards.
Average is $33.
Credit Card Review: State Farm Good Neighbor Visa Credit Card


Author:
NERDBOT

Get the scoop on the State Farm Good Neighbor Visa Credit Card from the finance nerds! We'll give you our take on the perks and drawbacks of this credit card and compare it to a category leader. For a dynamic comparison of all our cards, check out our credit card tool.

NerdWallet Review: The State Farm Good Neighbor Visa Credit Card

No annual fee: The State Farm Good Neighbor Visa Credit Card has no annual fee. This means it's ideal for those who don't put much on their cards, and want to keep the card open for a long time. If you keep your credit cards open, you'll boost your average account age and thus your credit score.

Credit Card Showdown: State Farm Good Neighbor Visa Credit Card vs. Citi® Platinum Select® Visa®

Lower cash advance APR: It has a smaller interest rate for cash advances, which is the rate at which you're charged when you withdraw cash from a teller or ATM from your line of credit. Remember that interest on cash advances starts accruing the day you take one out, so you won't have the grace period that normal purchases have. It's great that the State Farm Good Neighbor Visa Credit Card has a low cash advance rate, but it's a good idea to avoid them.

Lower ongoing APR: The card has a lower minimum ongoing APR than the Citi® Platinum Select® Visa®. Keep this in mind if you're planning on carrying a balance pretty much all the time.

Same late payment fee: The State Farm Good Neighbor Visa Credit Card and the Citi® Platinum Select® Visa® have the same late fee. In theory, you should avoid incurring late payment fees altogether. Not only do you have to pay this one-time charge, you might get stuck with a big penalty APR that lasts six months or more.

No promotional APR: There's no zero-APR promotion with this card. If you're looking for a card that lets you pay off a purchase interest free, look elsewhere. If you regularly carry a balance, you may want to look for a card that'll give you zero interest on purchases. Keep in mind that an 18-month promotional period isn't uncommon, so you can definitely take your time paying off your debt.

Read the full review of the Citi® Platinum Select® Visa® on our blog

© Copyright 2012 NerdWallet, Inc. All Rights Reserved.

*Disclaimer: We try to keep information accurate and up to date, however we cannot make warranties regarding the accuracy of our information. Please verify FDIC Insurance / NCUA Insurance status, credit card information, and interest rates during the application process. Please note that NerdWallet has financial relationships with some of the merchants mentioned here. NerdWallet may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.