Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

State Farm® Rewards Visa® Credit Card review

Last updated:  

Earn accelerated points toward State Farm insurance premium payments.

  • Get this card if you use State Farm insurance products.
  • Pick something else if you want a higher rewards rate on other categories of purchases.
  • Apply with a good to an excellent credit score of 670 or higher.

Up to 3x

Points

$0

Annual fee

0%

Intro purchase APR

for the first 12 months (then 14.24% to 24.24% variable)

0%

Intro balance transfer

for the first 12 months (then 14.24% to 24.24% variable)

Details

Product NameState Farm® Rewards Visa® Credit Card
Card typeVisa
Annual fee$0
Purchase APR0% intro for the first 12 months (then 14.24% to 24.24% variable)
Balance transfer APR0% intro for the first 12 months (then 14.24% to 24.24% variable)
Balance transfer fee$10 or 3% of the transaction, whichever is greater
Cash advance rate24.49% variable
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Foreign transaction fee3% of the transaction value
Interest free periodUp to 24 days
Late payment feeUp to $40
Returned payment feeUp to $40

Expert review

Kliment Dukovski

Review by


Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

The State Farm® Rewards Visa® Credit Card is something of an odd credit card. It features 3x points on State Farm insurance premiums on up to $4,000 annually, 12 months 0% intro APR on balance transfers and purchases reverting to a variable 14.24% and 24.24%, and carries no annual fee.

This card really zeroes in on rewarding you for spending and redeeming on your State Farm premium. In addition to the the decent rewards rate on your insurance payments, State Farm also gives you bonus points when you redeem your points into your State Farm checking account. For a little extra utility, this card has a respectable intro period on balance transfers and purchases.

With that said, this card is far less appealing if you’re not spending or redeeming on your State Farm account. It only earns 1x points on other purchases and offers no signup bonus whatsoever. At best, the value you’ll see from this card is modest. Apply if you’re curious, but it’s a tough card to recommend even to State Farm customers.

Card benefits

  • Reward points. Earn 3x points on State Farm insurance premium payments on up to $4,000 annually, and 1x points after that. You also earn 1x points on all other purchases.
  • Reward bonus. Redeem your points into your State Farm checking account and get between 25% and 50% bonus on top. If you use this perk, you’ll get a higher value on your points, which can be 1.5x points or more.
  • Intro APR period. Get 12 months of 0% intro APR period on balance transfers and purchases. Once the intro period expires, your rate reverts to between variable 14.24% and 24.24%.
  • No annual fee. You’ll pay no annual fee for the life of this card.

What to watch out for

  • No signup bonus. You won’t earn any bonus upon signup. If this is a perk you value, consider credit cards with a signup bonus.
  • Foreign transaction fees. Make Every time you use your card to make transactions abroad or online with foreign merchants, you’ll pay a 3% fee of the amount.

How to apply for the State Farm® Rewards Visa® Credit Card

You must be at least 18 years old and a US citizen or a resident alien to apply for the card.

  1. Visit the State Farm website.
  2. Locate the State Farm® Rewards Visa® Credit Card.
  3. Click Apply now.
  4. Fill out the application form using your personal information, employment, annual income and housing payments.
  5. Choose to make a balance transfer if you want to.
  6. Review the application form and submit.

What credit score do I need?

Get higher chances of approval with a good to an excellent credit score of 670 or higher.

Compare rewards credit cards

Name Product Welcome offer Rewards Annual fee Filter values
Chase Freedom Flex℠
$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases
$0
Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.
Blue Cash Everyday® Card from American Express
$150 after spending $1,000 in the first 3 months
2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
$0
Get 3% cash back on groceries on up to $6,000 annually (then 1%) with no annual fee. This is a simple and effective rewards card. Rates & fees
Blue Cash Preferred® Card from American Express
$250 after spending $1,000 in the first 3 months
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
$95
Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $250. This heavy-hitter rewards card has uncontested value. Rates & fees
Chase Sapphire Preferred® Card
80,000 points after spending $4,000 in the first 3 months, a value of up to $1,000 through Chase Ultimate Rewards
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
$95
Earn a huge signup bonus worth $$1,000 with this popular travel card. Combine with other Chase Ultimate Rewards cards for even greater value.
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
Earn up to 2% on every purchase with no annual fee. This is the highest flat-rate cashback card on the market.
loading

Compare up to 4 providers

Bottom line

If you’re paying State Farm insurance premiums and want to save your rewards, the State Farm® Rewards Visa® Credit Card could be an option worth considering. But if you want a higher rewards rate on other categories or on all purchases, you’ll want to compare other credit cards.

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site