BEST OF

Best State Farm Credit Cards

Apr 30, 2021

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State Farm is best known as an insurance company, but it also offers several co-branded credit cards via U.S. Bank. The unusual feature? The rewards-earning State Farm cards offer extra cash back when you pay insurance premiums with the card. That's an uncommon bonus-rewards category.

The catch when applying? You must be a State Farm customer.

NerdWallet's Best State Farm Credit Cards

Best State Farm Credit Cards

Our pick for

Spending on premiums

Annual fee

$0

Intro APR

N/A

Regular APR

16.49%-26.49%, Variable APR

Recommended Credit Score

The differentiator with this card is cash back on insurance purchases, although it’s capped. Gas, groceries, restaurants and drugstores are all highly useful bonus categories. But the bonus cash-back rate on those is just 2%.

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% cash back. Other bonus categories yield just 2% back.

Read full review
  • Double cash back first anniversary bonus – Up to $300 cash back will be matched and added to your account after your one-year anniversary.

  • Earn 3% cash back on insurance premium payments, up to $4,000 spent annually.

  • Earn  2% cash back at gas stations, drug stores, grocery stores and on dining, including takeout and food delivery services.

  • Earn 1% cash back on all other eligible purchases.

  • No annual fee.

Our pick for

0% intro APR period

Annual fee

$0

Intro APR

0% intro APR on purchases and balance transfers for 18 billing cycles

Regular APR

15.49%-25.49%, Variable APR

Recommended Credit Score

The State Farm® Good Neighbor Visa® Card offers a decently long 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® Card has a lower-than-average interest rate and a decent 0% APR offer: 0% introductory APR for the first 18 billing cycles for balances transferred within 60 days from account opening. After that, 15.49%-25.49%, Variable.

Cons

  • There are no rewards with the State Farm® Good Neighbor Visa® Card, and you can likely find longer 0% APR offers on purchases and/or balance transfers.

Read full review
  • Receive a 0% Introductory APR on purchases and balance transfers for 18 billing cycles.

  • No annual fee.

  • Cut down on unexpected expenses. You can get reimbursed up to $200 of your auto policy deductible when you experience a covered loss, if you make a minimum of 8 net purchases in the prior month.

  • Your eligible cell phone can be reimbursed up to $600 in the event it is stolen or damaged when you pay your monthly cell phone bill with your  card.

Our pick for

Business owners

Annual fee

$0

Intro APR

0% intro APR on purchases and balance transfers for 12 billing cycles

Regular APR

15.49%-24.49%, Variable APR

Recommended Credit Score

The State Farm® Business Cash Rewards Visa Signature® Card can be a savvy choice for business owners who spend a bundle on insurance premiums and the card's other bonus categories.

Pros

  • The card pays above-average rewards of 3% cash back for every $1 spent on insurance premium payments, up to $4,000 annually; 3% back at gas stations, cell phone service providers, office supply stores and on dining, including takeout and food delivery service purchases; and 1% back for every $1 spent on all other purchases. It also comes with a $100 annual software subscription credit and a 0% intro APR offer.

Cons

  • Other small-business cards may offer rewards that are more aligned with your company's expenses. Anyone seeking a sign-up bonus should look elsewhere, as the State Farm® Business Cash Rewards Visa Signature® Card doesn't have one.

Read full review
  • 3% cash back on insurance premium payments, up to $4,000 spent annually.

  • 3% cash back at gas stations, cell phone service providers, office supply stores and on dining, including takeout and food delivery service purchases.

  • 1% cash back on all other eligible purchases.

  • Receive a $100 credit to your account after 11 consecutive months of eligible software service subscription purchases.

  • Enjoy all of these benefits with no annual fee, view full terms and conditions.

Last updated on April 30, 2021

Methodology

NerdWallet's credit cards team selects the best credit 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 as among the "best" in multiple categories. Learn how NerdWallet rates credit cards.