Who is State Farm Business Visa Credit Card Designed For?

The State Farm Business Visa 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 Interest Rates?

Regular purchases and balance transfers come with an APR ranging from 13.24% to 20.24%, depending on creditworthiness, which isn't terrible. Cash advances have a fixed APR of 20.24% for all cardholders. However, this card does have a 24.24% 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 Business Visa is that it doesn't have an annual fee. However, it does have a $10 or 3% (whichever is higher) balance transfer and 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 but they do expire after 36 months. 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.

  • Customer Type
  • Card Type
  • Card Network
  • Minimum Age
  • Late Payment Penalty
  • Minimum Interest Charge
  • Over-Limit Fee
  • Returned Payment Fee
  • Foreign Currency Transaction Fee
  • Car Rental Insurance
  • Emergency Support
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Free FICO Score
  • Lost Luggage Insurance
  • Travel Insurance
  • Air Miles
  • Cashback
  • Points
  • Standard Rate
    13.24% – 20.24% var. APR
  • Standard Rate
    13.24% – 20.24% var. APR
  • Transfer Fee
    3% w/$10 min

Products From State Farm

js-table-filter bizname-state-farm-business-visa
js-table-filter cashback-135
13.24% – 20.24% var. APR
js-table-filter no-annual-fee-238
js-table-filter card-type-12
js-table-filter credit-required-116

  • Cashback
  • No Annual Fee
Standard Rate 13.24% – 20.24% var. APR
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...


Write a Review

Sort by:

  • Rating
  • Date
  • Most Useful

0 votes

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.

New Review for State Farm Business Visa

Rate it:

Login with social