State Farm is a well-known insurance company that provides insurance and financial services to its customers. However, not many people know that State Farm also offers credit cards to its customers. In this blog post, we will explore the State Farm credit cards, their benefits, and how they compare to other credit cards in the market.

State Farm Credit Card Options

State Farm currently offers two credit card options to its customers: the State Farm Rewards Visa and the State Farm Good Neighbor Visa. Both cards are designed to offer a range of benefits and rewards to State Farm customers, but they have different features and benefits.

State Farm Rewards Visa

The State Farm Rewards Visa is a rewards credit card that allows customers to earn rewards on their purchases. Here are some of the features and benefits of the State Farm Rewards Visa:

• Earn 3 points for every $1 spent on insurance premium payments, up to $4,000 per year
• Earn 1 point for every $2 spent on other purchases
• No annual fee
• 0% introductory APR for the first 12 months on purchases and balance transfers, then a variable APR of 16.24% – 24.24% applies
• Visa Signature benefits, including travel and purchase protections, concierge services, and more

One of the most significant benefits of the State Farm Rewards Visa is the 3 points per $1 spent on insurance premium payments. This means that customers can earn a significant amount of rewards by paying their insurance premiums with their credit card. Additionally, the card has no annual fee, making it a great option for those who want to earn rewards without paying for the privilege.

The introductory 0% APR offer for the first 12 months on purchases and balance transfers is also a great perk for those who want to save money on interest charges. However, it is important to note that after the introductory period, the variable APR of 16.24% – 24.24% will apply, so it is essential to pay off any balances before the introductory period ends.

State Farm Good Neighbor Visa

The State Farm Good Neighbor Visa is a cash back credit card that allows customers to earn cash back on their purchases. Here are some of the features and benefits of the State Farm Good Neighbor Visa:

• Earn 3% cash back on insurance premium payments, up to $4,000 per year
• Earn 1% cash back on other purchases
• No annual fee
• 0% introductory APR for the first 12 months on purchases and balance transfers, then a variable APR of 16.24% – 24.24% applies
• Visa Signature benefits, including travel and purchase protections, concierge services, and more

The State Farm Good Neighbor Visa is similar to the Rewards Visa in that it offers rewards on insurance premium payments. However, instead of earning points, customers earn cash back on their purchases. Additionally, the card has no annual fee and offers the same introductory 0% APR offer as the Rewards Visa.

One of the advantages of the Good Neighbor Visa is that customers earn cash back instead of points. This can be beneficial for those who prefer to receive cash back instead of rewards points. Additionally, the card offers the same Visa Signature benefits as the Rewards Visa, making it a great option for those who want to take advantage of those perks.

How the State Farm Credit Cards Compare to Other Credit Cards

While the State Farm credit cards offer a range of benefits and rewards, it is essential to compare them to other credit cards in the market to determine if they are the best option for you. Here are some comparisons of the State Farm credit cards to other credit cards in the market:

State Farm Rewards Visa vs. Chase Sapphire Preferred