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NERDBOT

Should you get the State Farm Platinum Rewards Visa Credit Card? We'll give you the ins and outs of this card and give you a head-to-head comparison with the Blue Cash Preferred^℠ Card from American Express. Also, be sure to check out our interactive credit card comparison tool.

NerdWallet Review: The State Farm Platinum Rewards Visa Credit Card

Promotional APR period: The State Farm Platinum Rewards Visa Credit Card offers an intro APR period. This gives you the chance to make a big purchase and pay it off interest-free for a while.

No annual fee: The card doesn't have an annual fee. No-fee cards are ideal for those looking to keep the account open for a long time. Keeping no-fee accounts open boosts your credit score. Check out more no-fee cards here.

Credit Card Showdown: State Farm Platinum Rewards Visa Credit Card vs. Blue Cash Preferred^℠ Card from American Express

Lower rewards rate: The State Farm Platinum Rewards Visa Credit Card's base rewards rate is lower than its competitor's. A decent base rewards rate is important if you're planning on using the card as your go-to. However, many cards give excellent rewards on bonus categories but don't necessarily have the flashiest base rates.

Same late payment fee: The State Farm Platinum Rewards Visa Credit Card has a late fee that's the same as the one on the Blue Cash Preferred^℠ Card from American Express. Ideally, you shouldn't have late payment fees anyway. In addition to the late fee, you might get stuck with a big penalty APR that lasts six months or more.

Smaller signup bonus: The State Farm Platinum Rewards Visa Credit Card has a smaller signup bonus than its competitor, so you're leaving a bit of money on the table. Obviously that isn't the end of the story, though - you also have to consider annual fees, ongoing rewards, and so forth.

Read the full review of the Blue Cash Preferred^℠ Card from American Express on our blog