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About Our Ratings

State Farm Bank® Business Visa® Card Review

State Farm Bank® Business Visa® Card details

Balance Transfer Intro APR:
None
Balance Transfer Intro Period:
APR:
None
Balance Transfer Fee:
3% ($10 min. - $250 max.)
Annual Fee:
None
see more details ∨

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 prime
 
 
Margin:
 9.99 - 16.99
 9.99 - 16.99
 16.99
APR:
  13.24% - 20.24% Variable
 13.24% - 20.24% Variable
 20.24% Variable
APR Floor:
 None
 None
 None
Intro Rate:
 0% Fixed
 None
 None
Intro Period:
 6 billing_cycles
 None
 None


Finance Calculation Method:
 Average Daily Balance
Default/Penalty APR:
 24.24% Variable
Default/Penalty Margin:
 20.99
Default/Penalty APR Floor:
 
Penalty/Default Trigger:
 The Penalty APR will apply to your account if you make a late payment or make a payment that is returned.

Credit Card Fee Information:


Annual Fee:
 None
Foreign Transaction Fee:
 1%
Late Fee:
 N/A
Over-the-limit Fee:
 N/A
Balance Transfer Fee:
3% ($10 min. - $250 max.)  


Notes:

Rebate Description:
 State Farm Dollars may be applied toward the State Farm product of your choice.
Special Notes:
 APR for Purchases: 0% Introductory APR through the last day of the sixth billing cycle from account opening. After that, your APR will be 13.24% – 20.24% based on your creditworthiness. Late Payment Fee: $15 if the new balance is less than $500, and $39 if the new balance is $500 or greater. You will be charged interest on the cash advances and balance transfers on the transactions posting date. Cash Advance Fee: Either $10 or 4% of the amount of each transfer, whichever is greater. Balance Transfer Fee: Either $10 or 3% of the amount of each transfer, whichever is greater (maximum fee is $250). Grace Period: Your due date is at least 24 days after the close of each billing cycle. The card issuer will not charge you interest on purchases if you pay your entire balance by the due date each month. Penalty APR: 24.24%; If your APRs are increased for any of the stated reasons, the Penalty APR will apply until you make six consecutive minimum payments when due and do not exceed your credit limit during that time period.
Credit Card More Information:

Card Issued By:
 State Farm Bank, FSB
General Correspondence Address:
 PO Box 84062
Card Type:
 Visa
Card Class:
 Other
Card Category:
 Balance Transfer, Business, Cash Back, Credit Card Deals, Low Intro Rate
States Available In:
 ALL
Minimum Credit Limit:
 
Maximum Credit Limit:
 
Credit Limit Notes:
 

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About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

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