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NerdWallet > Student Credit Cards > State Farm Student Visa Credit Card
Review / Compare / Reward Calculations / Interest Calculations / Rankings / Comments
State Farm Student Visa Credit Card
State+Farm Student+Visa+Credit+Card Credit Card

(4.5/5 - 4 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:
None
Summary
  • No rewards offered

Compare To Our Most Popular Cards For The Category

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Compare To Discover® Student Card - $20 Cashback Bonus

Why do we think you should consider this card?

Pay 0% for 6 months, No annual fee
Earn up to 5% cash back

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Reward Details & Calculator

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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

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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
APR, 24 months
$2,583
Total
$2,883

*Average APR for Balance Transfers of 12.7% 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

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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

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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 Student Visa Credit Card


Author:
NERDBOT

Get an unbiased review of the State Farm Student Visa Credit Card from the nerds who know finance! We'll give you our take on the perks and drawbacks of this credit card and tell you how it stacks up against the Citi Forward® Card for College Students. (Want to check your credit score first? Ask the nerds!)

NerdWallet Review: The State Farm Student Visa Credit Card

No annual fee: The State Farm Student Visa Credit Card has no annual fee. It's great for those looking for a card to supplement another rewards card, or just looking for an easy-to-maintain card that can stay 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 Student Visa Credit Card vs. Citi Forward® Card for College Students

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, meaning you won't get the same grace period that normal purchases come with. While it's nice that the State Farm Student Visa Credit Card has a lower cash advance rate, it's still a better idea to avoid taking them out.

No introductory 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 this is a major concern for you, check out our comparison of low-interest credit cards. Many of those cards offer promo periods of a year or more.

Lower ongoing APR: The State Farm Student Visa Credit Card has a lower ongoing interest rate. If you're often carrying a balance, a low interest rate is one of the key things to look for.

Smaller signup bonus: The card's signup bonus is smaller than the Citi Forward® Card for College Students's, which of course means you're sacrificing some money right off the bat. Obviously this isn't the only consideration you should take into account, but hey, we thought you should know.

Read the full review of the Citi Forward® Card for College Students on our blog

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