Last Updated: 04/18/2025
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Highlights
Purchase APR (Variable APR)
13.24% - 20.24%(Verified 06/21/2024)
Disclaimer popup with additional information
Balance Transfer APR (Variable APR)
13.24% - 20.24%(Verified 06/21/2024)
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Annual Fee
$0
Credit Score Range
650 - 850
State Farm Bank Business Visa Review
This is a rewards card issued by State Farm. If you're wondering whether State Farm Bank Business Visa is the right card for you, read on.
Key Takeaways
- Business credit card with generous reward rate. You can get a rewards rate of up to 3 reward points per dollar spent.
- 0% Intro APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for 6 months, which is shorter than the average 0% APR period of 12 months.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for 6 months.
- APRs: State Farm Bank Business Visa has a variable regular purchase APR that ranges from 13.24% up to 20.24%.
- No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases , but you don't have to pay an annual fee for the privilege.
- A 3% balance transfer fee. State Farm Bank Business Visa charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of up to 1% every time you make a transaction outside the U.S.
- Multiple business credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, identity theft protection, purchase security, travel accident insurance, travel assistance, trip cancellation and interruption protection, and fraud protection.
- Fair or better credit required. You will have good approval odds if you have a fair credit score or better.
Pros & Cons of State Farm business card
| The Good | The Bad |
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What are the relevant APRs?
This business credit card 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 it have an introductory APR offer?
Yes, this business card offers an introductory APR rate on balance transfers of 0% for a period of 6 months from account opening.
This business card does offer an introductory APR rate on new purchases of 0% for a period of 6 months.
| Purchase APR | 13.24% - 20.24% |
| Balance Transfer APR | 13.24% - 20.24% |
| Cash Advance APR | 24.49% |
| Penalty APR | 28.49% |
What fees does it charge?
The following fees apply to this business credit card:
- There is no annual fee.
- A late payment penalty of up to $39 .
- A returned payment fee of $39.
Does it charge a foreign transaction fee?
This business card 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 business card at home and apply for one that doesn't charge a foreign transaction fee.
| 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 |
Does it offer a cash back or rewards program?
Yes, State Farm business card offers a rewards program to its customers.
This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rewards Categories |
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| Rewards Type | Points | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reward Rates | 1 - 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- Airfare
- Car Rentals
- Every Purchase
- Hotels
- Insurance
- Office Supply Stores
Does it have a sign up bonus?
This business credit card doesn't offer a cash signup bonus.
Does it offer an annual loyalty bonus?
This business card doesn't offer a cash loyalty bonus.
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.
Message from State Farm business card
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed
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State Farm Bank Business Visa Community Reviews
Would you recommend State Farm Bank Business Visa to your friends?
Sara S.
Mar 7, 2022
May or may not recommend
This is a good card if you have a lower credit score and you are looking for a business credit card to get you started. Looking at the small benefits, this would be worthwhile your time. The potential to save up to $200 on your auto policy if you experience a covered loss or making a maximum of 8 net purchases in the last billing cycle really adds benefit for ...Show More
U
Anonymous
Aug 2, 2015
May or may not recommend
This card has no annual fee, which is rare for a business credit card. But if you pay late or go over your limit, watch out. You'll get hit with a $39 fee. Plus there is a 1% foreign transaction fee so you might want to use a different card for those overseas business trips.
Showing 2 of 2 reviews
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