State Farm Student Visa

State Farm Student Visa Review

This is a rewards credit card issued by State Farm. If you're wondering whether State Farm Student Visa is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• Generous reward rate. You will get a rewards rate of up to 3 reward points per dollar spent.
• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• Competitive APRs. State Farm Student Visa has a variable purchase APR that ranges from 13.99% up to 22.9%.
• 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.
• 3% Balance transfer fee. State Farm Student 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 $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

The Good	The Bad
Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. No annual fee. Considers applicants with fair or poor credit. Cardholders can earn rewards on their purchases. State Farm Student Visa reports to multiple credit bureaus.	Does not offer a signup bonus. Charges a foreign transaction fee of 3%. Charges a 3% balance transfer fee. Does not include many credit card benefits.

Does State Farm Student Visa have a cash back or rewards program?

State Farm Student Visa is a rewards card.

State Farm Student Visa Rewards

Minimum rewards rate	1x
Max rewards rate	3x
Annual rewards limit	N/A

What are the relevant APRs for State Farm Student Visa?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

State Farm Student Visa has a variable purchase APR that ranges from 13.99% up to 22.9%. The card has a variable balance transfer APR that ranges from 13.99% up to 22.99%. It also has a variable cash advance APR of 25.99% . Note that late payments are subject to an APR of 28.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for State Farm Student Visa?

The following fees apply:

• An overlimit fee of $40.

State Farm Student Visa Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$40
Foreign Transaction Fee	3%
Late Payment Fee	$40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

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

Yes, State Farm Student 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 Student Visa

• Visit the State Farm Student Visa website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.