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State Farm Bank issues three credit cards - the Platinum Rewards Visa, Good Neigbor Visa and the Student Visa Card. Below is a brief description of each one.
The State Farm Bank Platinum Rewards Visa is a cash rebate card that pays you 1% cash rebates for every dollar you spend on the card. These rebates can be used for payments towards any State Farm Financial products like insurance, mutual funds, savings accounts. Hence, this card will appeal to those who already have a relationship with State Farm. This card also allows you to get discount from various merchant partners. You can read our review of the State Farm Bank Platinum Rewards Visa here
The State Farm Bank Good Neighbor Visa is a basic credit card that allows you to get discounts when you make purchases at participating merchants. The card has no annual fee and new cardholders get a 0% introductory apr for 9 billing statements. You can read our review of the State Farm Bank Good Neighbor Visa here
The State Farm Bank Student Visa is a basic student visa card that allows you to get discounts from partner merchants. One of the attractive features of this card is that is has a slightly lower apr than most student credit cards. Almost all other college student cards have a very standard apr of prime rate plus 9.99%. This card has an apr of prime rate plus 8.99%, one percentage point lower than most student credit cards. Read our review of the State Farm Bank Student Visa here
Payment Choices
State Farm Bank credit cards allows automatic payment options for cardholders. For example, you can set up automatic payments from any banking instituitions. You can set it up to pay the minimum balance or pay in full. You can also pay by phone (State Farm Bank calls it Qucik Remit payment), but it cost $10.00 per payment. The toll-free number to call for these serivces is 1-877-734-2265.
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