State Farm Bank Credit Card Rewards and Cashback

State Farm Bank offers a range of credit cards with competitive rewards and cashback programs. You can earn rewards on everyday purchases, from groceries to gas.

The bank's credit cards often have no annual fee, making them a great option for those who want to earn rewards without paying extra.

State Farm Bank's cashback rewards can be redeemed for statement credits, checks, or even gift cards.

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State Farm Bank offers a variety of credit card options, each with its own unique features and benefits.

The State Farm Bank Good Neighbor Visa Credit Card offers a 0% introductory APR for 18 months on balance transfers made within 60 days of account opening, with a transfer fee of 5% (min $5). This card also provides cell phone reimbursement up to $600, Extended Warranty Protection, and travel assistance.

The State Farm Premier Cash Rewards Visa Signature Card offers a high rewards rate, with 1-3% cash back on eligible purchases. This card also offers a $150 initial rewards bonus and spending caps on rewards.

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Here are the key features of each card:

The State Farm Premier Cash Rewards Visa Signature Card also offers Purchase Security, which safeguards your new item against theft or damage for the first 90 days from the date of purchase.

Comparing credit cards can be overwhelming, but it's essential to make an informed decision.

The interest rates on credit cards can vary significantly, with some cards offering rates as low as 10.99% APR and others as high as 25.99% APR.

If you're planning to carry a balance, look for cards with lower interest rates to save money on interest charges.

The cash advance fee can range from 3% to 5% of the amount withdrawn, plus a minimum fee of $5.

Avoid using credit cards for cash advances whenever possible, as the fees can add up quickly.

Some credit cards offer rewards programs that can earn you points or miles on your purchases, while others offer sign-up bonuses or cashback rewards.

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Rewards programs can be a great way to earn extra cash or travel perks, but make sure to understand the terms and conditions before applying.

The annual fees on credit cards can range from $0 to $500 or more, depending on the card's benefits and features.

Don't let annual fees deter you from applying for a credit card, as many cards offer valuable benefits that can outweigh the cost.

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The State Farm Premier Cash Rewards Visa Signature Card is a solid choice for those looking for a cash-back rewards card. It offers a high rewards rate of 1-3% cash back on eligible purchases.

One notable feature is the $150 initial rewards bonus, which is earned by spending $500 in the first 90 days of being approved for the card. This can be a great incentive for those who plan to make large purchases in the near future.

The card also offers no membership fees, which is a plus for those who don't want to pay extra for rewards.

However, there are some spending caps on rewards to be aware of. For example, the 3% cash back on insurance premium payments is limited to $4,000 spent annually, and 1% after that.

Here's a breakdown of the rewards categories and their corresponding cash-back rates:

Additionally, the card offers some useful benefits, such as cell phone reimbursement up to $600 in the event of theft or damage, and Purchase Security, which safeguards new items against theft or damage for the first 90 days from the date of purchase.

The State Farm Premier Cash Rewards Visa Signature Card offers a generous rewards program, with a $150 initial rewards bonus for spending $500 in the first 90 days.

You can earn up to 3% cash back on insurance premium payments, up to $4,000 spent annually, which is a unique and valuable bonus category. This can be a great option if you have multiple insurance policies.

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The card also offers 2% cash back at gas stations and electric vehicle charging stations, drug stores, grocery stores, and on dining, including takeout and food delivery services. This is a common bonus category, but it's still a great way to earn rewards on your daily purchases.

Here's a breakdown of the rewards categories:

The Good Neighbor Visa card from State Farm offers some decent benefits, but they're not the most impressive. The card has a promotional interest-free offer with 0% introductory APR for 18 billing cycles on purchases and balance transfers made within 60 days of account opening.

The ongoing APR is 18.24%-28.24%, Variable APR, which is pretty standard. You'll also pay a balance transfer fee of 3% of the amount of each transfer or a $5 minimum, whichever is more.

One benefit of the Good Neighbor Visa card is that you can get your eligible cell phone reimbursed up to $600 in the event it is stolen or damaged when you pay your monthly cell phone bill with your card.

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Here are some of the benefits of the Good Neighbor Visa card:

The State Farm credit cards offer some pretty interesting rewards options. You can earn up to 3% cash back on insurance premium payments, but there's a $4,000 annual spending limit.

The personal rewards card has a $150 initial rewards bonus, which is a nice perk. This bonus is earned by spending $500 in the first 90 days of being approved for the card.

One of the standout features of the rewards cards is the elevated cash-back rate on insurance premiums. This is a rare bonus category, and it's available on both the personal and business rewards cards.

Here's a breakdown of the rewards categories:

The business rewards card has a notable drawback: no cash sign-up bonus, but it does offer an 0% APR on purchases and balance transfers for 12 billing cycles.

If you're a business owner, State Farm has a rewards card that's worth considering. The card offers a 0% APR offer for 12 billing cycles, which can be a huge help if you need to make large purchases or pay off existing debt.

The business rewards card has a notable drawback: no cash sign-up bonus like the personal card. Instead, you get a 0% intro APR on purchases and balance transfers for 12 billing cycles, and then the ongoing APR of 18.24%-27.24%, Variable APR.

Elevated cash-back rates are available on insurance premiums, gas stations, and dining, among other categories. But be aware that the 3% cash back on insurance premium payments is limited to $4,000 spent annually, and 1% after that.

You can earn elevated cash-back rates on insurance premiums paid to State Farm, or any other insurer, as long as the charge is categorized as insurance. This is a rare bonus-rewards category, and can be a valuable perk for business owners who pay for insurance.

The software-subscription credit is a valuable feature for business owners who pay for software, such as accounting or tax preparation software.

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State Farm Bank issues three credit cards: the Platinum Rewards Visa, Good Neighbor Visa, and Student Visa Card.

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The Platinum Rewards Visa has no mention of an annual fee, but it's worth noting that the card offers 1% cash rebates on every dollar spent.

You can set up automatic payment options for your State Farm Bank credit card, allowing you to pay the minimum balance or pay in full from any banking institution.

The Good Neighbor Visa has no annual fee and offers a 0% introductory APR for 9 billing statements, making it a great option for those who want to avoid interest charges.

You can make payments by phone, but be aware that this service, called Quick Remit payment, costs $10.00 per payment.

The Student Visa Card has a slightly lower APR than most student credit cards, with an APR of prime rate plus 8.99% compared to the standard prime rate plus 9.99%.

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The Regular APR for the State Farm Bank credit card is based on your creditworthiness, which means it can vary.

You can expect to pay between 19.49% to 29.24% APR.

If you're wondering how this compares, here are the possible APR ranges:

Keep in mind that these rates are subject to change, so be sure to check your agreement for the most up-to-date information.

If you're not sold on the State Farm Bank credit card, there are other alternatives worth considering.

Citi Double Cash Card offers a 2% cash back reward on all purchases, with no rotating categories or spending limits.

If you're looking for a card with travel benefits, the Chase Sapphire Preferred card offers 2X points on travel and dining purchases, along with a 60,000-point bonus after spending $4,000 in the first 3 months.

The Discover it Cash Back card matches your cash back earnings at the end of your first year, with 5% cash back on various categories throughout the year.

The Capital One Quicksilver Cash Rewards card offers unlimited 1.5% cash back on all purchases, with no rotating categories or spending limits.

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State Farm offers several types of credit cards, including the State Farm Rewards Visa, State Farm Good Neighbor Visa, and the State Farm Business Visa.

The State Farm Rewards Visa is designed for individuals who want to earn rewards, offering 3% in State Farm Dollars on the first $4,000 in insurance premiums payments made within the first year and 1% on all other purchases.

This card comes with a 0% introductory APR on all purchases and balance transfers for the first year, as well as no annual or membership fees.

The State Farm Good Neighbor credit card has a 0% introductory APR for the first 12 months of account opening and a variable APR of 11.24% to 18.24% depending on creditworthiness.

It also comes with no annual fee, zero fraud liability, account fraud monitoring, and personal identity theft protection.

The State Farm Business Visa is designed for business owners, offering a 0% introductory APR on all purchases for the first 6 months and no annual fee.

This card also comes with several account security features, making it a good option for business owners who want to manage their finances securely.

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