The State Farm Student Visa is designed for college students with poor or no credit who are looking for a basic, low-cost credit card to build or repair their credit score.
The rates for purchases and balance transfers vary from 11.74% APR to 18.74% APR depending on the student's credit score. These are competitive rates for a card that accepts applications from students with no credit or poor credit. Cash advances have a higher rate of 20.74% APR.
One of this card's most attractive features is that it doesn't have an annual fee. However, it does have a $10 or 3% balance transfer fee, whatever is greater; and a $10 or 4% cash advance fee. Careful if you plan to travel abroad, as it has a 3% fee on all foreign transactions.
State Farm's Student Visa doesn't have an actual rewards program, but it does include plenty of student discounts and benefits through Visa.
There is no signup bonus. This is as basic a card as you'll find. Just remember how cheap it is and how low the rates are.
State Farm's Student Visa provides cardholders with access to financial management tools, auto rental collision damage waiver, account fraud monitoring, and discounts on purchases with popular brands, such as Avis, Jos. A. Bank, Papa Jones and Fossil.
It's difficult to get excited about State Farm's Student Visa. It's a no-thrills credit card with no rewards program and basic travel benefits. However, it has no annual fee and very competitive rates, but still accepts people with less than sterling credit.
So, if you're a student looking for a no-annual-fee card with decent rates to help build or repair your credit, the State Farm Student Visa gets the job done.
|State Farm Student Visa||