SuperMoney
  State Farm Bank Business Visa

State Farm Bank Business Visa

in Business Credit Cards from State Farm

Unaffiliated

State Farm Bank Business Visa

Unaffiliated

in Business Credit Cards from State Farm

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

0 users recommend
0 users are unsure
1 user doesn't recommend
Cast your vote

Would you recommend State Farm Bank Business Visa to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating

Rating not yet determined  

Purchase APR  (Variable APR) 13.24% - 20.24%
Balance Transfer APR  (Variable APR) 13.24% - 20.24%
Credit Score Range 650 - 850
Annual Fee $0

State Farm Bank Business Visa Review

State Farm Bank Business Visa FAQ

Who is State Farm Bank Business Visa designed for?

State Farm Bank Business Visa is a credit card issued by State Farm. 

This card is designed for businesses with fair credit. The minimum credit score to apply is 650.

What are the relevant APRs for State Farm Bank Business Visa?

State Farm Bank Business Visa has a variable purchase APR that ranges from 13.24% up to 20.24% . The card has a variable balance transfer APR that ranges from 13.24% up to 20.24% .

It also has a variable cash advance APR of 24.49% . Note that late payments are subject to an APR of 28.49% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does State Farm Bank Business Visa have an introductory APR offer?

Yes, State Farm Bank Business Visa offers an introductory APR rate on balance transfers of 0% for a period of 6 months.

This card does offer an introductory APR rate on new purchases of 0% for a period of 6 months.

State Farm Bank Business Visa Rates & Terms
Purchase APR 13.24% - 20.24%
Balance Transfer APR 13.24% - 20.24%
Cash Advance APR 24.49%
Penalty APR 28.49%

What are the State Farm Bank Business Visa fees?

The following fees apply to State Farm Bank Business Visa:

  • There is no annual fee.
  • A late payment penalty of up to $39.
  • A returned payment fee of up to $39.
  • An overlimit fee of $39.

Does State Farm Bank Business Visa have a foreign transaction fee?

State Farm Bank Business Visa charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

State Farm Bank Business Visa Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $10
Returned Payment Fee $39
Late Payment Fee $15 to $39

Is there a State Farm Bank Business Visa cash back or rewards program?

State Farm Bank Business Visa offers a rewards program to its customers. This card offers rewards to businesses that use the card to make purchses in the following categories:

  • Airfare
  • Car Rentals
  • Every Purchase
  • Hotels
  • Insurance
  • Office Supplies

Does State Farm Bank Business Visa have a signup bonus?

State Farm Bank Business Visa doesn't offer a cash signup bonus.

Does State Farm Bank Business Visa offer an annual loyalty bonus?

State Farm Bank Business Visa doesn't offer a cash loyalty bonus.

What are the State Farm Bank Business Visa benefits?

State Farm Bank Business Visa provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Trip Cancellation Insurance
  • Fraud Liability
  • Travel Accident Insurance
  • Travel Assistance
  • Reports to major credit bureaus

Does State Farm Bank Business Visa report your account activity to credit bureaus?

Yes, State Farm Bank Business Visa reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for State Farm Bank Business Visa

  • Visit the State Farm .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
View State Farm Bank Business Visa's published terms & conditions.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Feature Breakdown

Every Purchase (Points) 1
Every Purchase (Points) Earn 1 point for every $1 spent on eligible purchases.
Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 6 months
Annual Fee $0
No Annual Fee
No Interest Grace Period for Late Payment 24 days
Cash Advance Fee (%) Up to 5%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 1%
Late Fee Amount $15 - $39
Minimum Cash Advance Fee ($) Starting at $10
Minimum Interest Charge $1.50
Over-Limit Fee $39
Returned Payment Fee $39
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Purchase Protection
  • Trip Cancellation Insurance
  • Emergency Support
  • Fraud Liability
  • Travel Accident Insurance
  • Travel Assistance
Rewards Rates
  • Airfare
  • Car Rentals
  • Hotels
  • Office Supplies
  • Insurance
  • Every Purchase
Balance Computation Average daily balance (including new purchases)
Cash Advance APR (Variable APR) 24.49%
Penalty APR (Variable APR) 28.49%
Purchase APR (Variable APR) 13.24% - 20.24%
Balance Transfer Fee % 3%
Balance Transfer Fee % After Intro Period Starting at 3%
Balance Transfer Fee Minimum $10
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer APR (Variable APR) 13.24% - 20.24%
Card Network Visa
Card Type
  • Rewards
  • Zero Percent

State Farm Bank Business Visa Community Reviews

 

Would you recommend State Farm Bank Business Visa to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Other Business Credit Cards