State Farm Bank Business Visa

in Business Credit Cards

Unaffiliated Visit Site

State Farm Bank Business Visa


in Business Credit Cards

SuperMoney Net Recommendation Score -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.

Strongly not recommended

0 users recommend
0 users are unsure
1 users don't recommend
Cast your vote
Cast your vote

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

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend


Who is State Farm Bank Business Visa Designed For?

The State Farm Bank Business Visa credit card is designed for State Farm policyholders with good credit who own small businesses and want a no-annual-fee rewards card. It's particularly suited for businesses that spend a lot on travel and office supplies.

What are the Rates?

Regular purchases and balance transfers come with a rate ranging from 13.74% APR to 20.74% APR, depending on creditworthiness, which isn't terrible. Cash advances have a fixed rate of 20.74% APR for all cardholders. However, this card does have a 24.74% APR penalty rate that kicks in if you are late on a payment or one of your payments is returned. The penalty rate continues until you make six consecutive payments on time.

What Are the Fees?

One of the best features of the State Farm Bank Business Visa is that it doesn't have an annual fee. However, it does have a $10 or 3% (whichever is higher) balance transfer fee and a $10 of 4% (whichever is greater) cash advance fee. It also comes with a 1% foreign transaction fee.

Penalty fees are particularly high. There's a $39 fee on late payments, returned payments and when cardholders go over their credit limit. If the balance on the card is less than $500, the late payment fee is dropped to $15.

Although the foreign transaction fee is only 1%, it's disappointing that a card geared toward travel has an international transaction fee at all.

What Is the Rewards Program Like?

State Farm's cash back rewards program is rather lame for a card that requires good credit and is geared exclusively toward businesses. Cardholders earn 2% cash back for every dollar spent on travel and office supplies and 1% on all other purchases.

There is no limit to the amount of points members can earn and points do not expire. As with most rewards programs, a point is worth a cent so 10,000 points will give you $100. Members can redeem their points by either depositing the cash certificate check in a State Farm checking account, investing it in a State Farm fund, or putting it toward the cost of a State Farm insurance policy. 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...

Feature Breakdown

Annual Fee
Grace Period / Deferred Interest (Months)
No Annual Fee
Minimum Interest Charge
Over-Limit Fee
Late Payment Penalty
Returned Payment Fee
Foreign Currency Transaction Fee
Minimum Age
Customer Type
Card Type
  • Rewards
  • Zero Percent
Card Network
  • Visa
Extended Warranty
Car Rental Insurance
Fraud Liability
Travel Insurance
Emergency Support
Flight Insurance
Rewards Categories
  • Airfare
  • Car Rentals
  • Every Purchase
  • Hotels
  • Office Supplies
Every Purchase
Bonus Rewards
Purchases APR (variable)
13.49% - 20.49%
10% 25%
Penalty APR
Introductory Rate
Balance Transfer APR (variable)
13.49% - 20.49%
10% 22%
Transfer Fee
3% ($10 minimum)


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)