Best of
3 Best State Farm Credit Cards of 2019
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State Farm may be best known as an insurance provider, but it also offers an assortment of credit cards, some of which offer bonus rewards when you pay your insurance premiums with your eligible State Farm card.
There is a catch when it comes to applying: Online applications can be submitted only by State Farm customers/policyholders or State Farm Bank account holders. Otherwise, you'll have to call or visit a local State Farm agent to apply.
Nerd tip: In early 2021, State Farm credit card accounts will be converted to U.S. Bank-issued products.
State Farm may be best known as an insurance provider, but it also offers an assortment of credit cards, some of which offer bonus rewards when you pay your insurance premiums with your eligible State Farm card.
There is a catch when it comes to applying: Online applications can be submitted only by State Farm customers/policyholders or State Farm Bank account holders. Otherwise, you'll have to call or visit a local State Farm agent to apply.
Nerd tip: In early 2021, State Farm credit card accounts will be converted to U.S. Bank-issued products.
Best State Farm Credit Cards From Our Partners
Our pick for
Spending on premiums
Annual Fee
$0
Regular APR
14.24% - 24.24% Variable APR
Intro APR
0% on Purchases and Balance Transfers for 12 months
Recommended Credit Score
Among the suite of State Farm credit cards, the State Farm® Rewards Visa® Credit Card offers a straightforward earnings structure, including elevated rewards on insurance premium payments.
Among the suite of State Farm credit cards, the State Farm® Rewards Visa® Credit Card offers a straightforward earnings structure, including elevated rewards on insurance premium payments.
Pros
The opportunity on this card to earn bonus rewards on your insurance premium spending is a rare find. With an annual fee of $0, it won't cost you anything to carry it either.
Cons
Once you hit $4,000 in annual spending on insurance premiums, the rewards rate drops to a mediocre 1 point per dollar. Squeezing the best value out of your points when you're ready to redeem can be complicated and cumbersome.
- Earn 1 State Farm Loyalty Rewards® point for every $1 spent on eligible purchases.
- Earn 3 points for every $1 spent on insurance premium payments, up to $4,000 annually.
- Redeem points for gift cards at popular retailers, or for e-certificates, catalog merchandise, air travel, hotels, and eligible State Farm products.
- Redemption premium when points are applied toward a qualifying State Farm product.
- Enhanced Security with Chip Card Technology
Our pick for
0% intro APR period
Annual Fee
$0
Regular APR
13.24% - 23.24% Variable APR
Intro APR
0% on Balance Transfers for 12 months
Recommended Credit Score
The State Farm® Good Neighbor Visa® Credit Card offers a lengthy introductory period of interest-free breathing room on purchases and transfers.
The State Farm® Good Neighbor Visa® Credit Card offers a lengthy introductory period of interest-free breathing room on purchases and transfers.
Pros
For those who qualify for the lower end of the APR range, the State Farm® Good Neighbor Visa® Credit Card has a lower-than-average interest rate and a decent 0% APR offer: 0% introductory annual percentage rate (APR) on balance transfers for 12 months, and then the ongoing APR of 13.24% - 23.24% Variable APR.
Cons
There are no rewards with the State Farm® Good Neighbor Visa® Credit Card, and you can likely find longer 0% APR offers on purchases and/or balance transfers.
- No annual fee
- 0% introductory APR on balance transfers for 12 months, thereafter a variable rate of 13.24% to 23.24% APR based on creditworthiness. This APR will vary with the market based on the Prime Rate.
- New Chip Card Technology provides greater security.
Our pick for
Students
Annual Fee
$0
Regular APR
15.24% - 23.24% Variable APR
Intro APR
N/A
Recommended Credit Score
When your credit file is slim, so are your options for credit cards. The State Farm® Student Visa® Credit Card offers a shot at shoring up credit while earning rewards, too.
When your credit file is slim, so are your options for credit cards. The State Farm® Student Visa® Credit Card offers a shot at shoring up credit while earning rewards, too.
Pros
There aren't many cards for those with just-OK credit that also let you earn rewards, but the State Farm® Student Visa® Credit Card is one of them. With this $0-annual-fee card, you'll get 1 point for every $2 spent on eligible purchases and 3 points per $1 spent on insurance premium payments, on up to $4,000 spent annually. Cardholders are also eligible for student discounts from Visa.
Cons
There are other cards on the market aimed at students that offer more robust rewards. Redemption options include State Farm products and gift cards but not cash back. The State Farm® Student Visa® Credit Card has a 3% foreign transaction fee, making it a poor choice for use abroad.
- Earn 1 State Farm Loyalty Rewards® point for every $2 spent on eligible purchases.
- Earn 3 points for every $1 spent on insurance premium payments, up to $4,000 annually.
- Competitive annual percentage rates.
- Many student discounts provided by Visa.
| Credit Card | NerdWallet Rating | Intro APR | Regular APR | Annual Fee | Learn More |
|---|---|---|---|---|---|
Best for Spending on premiums | 0% on Purchases and Balance Transfers for 12 months | 14.24% - 24.24% Variable APR | $0 | Read review | |
Best for 0% intro APR period | 0% on Balance Transfers for 12 months | 13.24% - 23.24% Variable APR | $0 | Read review | |
Best for Students | N/A | 15.24% - 23.24% Variable APR | $0 | Read review |
Last updated on October 8, 2020
Methodology
NerdWallet's credit cards team selects the best cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.
