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gas credit cards State farm credit card: What they do not tell you
gas credit cards State farm credit card: What they do not tell you
gas credit cards State farm credit card: What they do not tell you
Must apply for a credit card State Farm? Simply because they are good on the insurance, this does not necessarily mean they are with a credit card as well. Here's why:
State Farm is an excellent insurance company. In fact, I've been with them since I've had a driver's license! I now use them at home for earthquake coverage and (I'm in California). Contrary to popular belief, I have found them to be also cheaper than Geico, Progressive and other so-called "discount" men. They also have a credit card, which of course I was curious about ...
State Farm Credit Card Review (updated for 2013)
They currently have 4 different options consumer credit card application Here is a look at the basics of each ...
1.
This is your basic card is not excitement for students that are looking to build and establish a credit history. On the other hand, it does not seem that there are rewards or discounts offered on purchases. As with all student credit cards, it is argued that the restrictions on this may be too low. There are no annual
They currently have 4 different options consumer credit card application Here is a look at the basics of each ...
1.
This is your basic card is not excitement for students that are looking to build and establish a credit history. On the other hand, it does not seem that there are rewards or discounts offered on purchases. As with all student credit cards, it is argued that the restrictions on this may be too low. There are no annual
2. State Farm Good Neighbor Visa Card (APR:11.24-18.24%)
If there ever was a plain old credit card, this one is it. There are no bells and whistles, no rewards… it’s just a regular card. No annual fee.
3. Platinum Rewards Visa Credit Card (APR: 13.24-20.24%)
As the name implies, this is their rewards card. It has no annual fee and the rebate is paid in the form of “State Farm Dollars” which can be applied towards the cost of your insurance policy. When I heard this, I was intrigued. After all, I’m always looking for ways to lower the cost of my policy. Unfortunately, this State Farm credit card only gives “up to” 1% on spending. Being that most cards today give you that, this wasn’t anything to write home about.
4. State Farm Crystal Rewards Visa Card (APR: 13.24-20.24%)
This is the newest State Farm credit card which looked good to me at first glance because it is peddled for its 1.5% cash back... but then I read the fine print about the rewards! On the first $10,000 spent each year the card only earns 1% in rewards. Only annual spending that exceeds that amount will earn 1.5%. For State Farm insurance premium payments there is an additional 0.25%. This card also charges a $30.00 annual fee.
Benefits? I looked over the benefits across all the cards and in a nutshell they are things you pretty much will find on any card nowadays. For example, they list free collision coverage on eligible auto rentals as a benefit for the Good Neighbor and Platinum Rewards card, but what you may not know is that almost every credit card nowadays includes that; it’s just such a common benefit now that no one advertises (in addition, your regular auto insurance policy most likely covers you driving rental cars anyway). The same can be said about zero fraud liability, not only does virtually every card give you that, but you’re also protected by federal law for fraud over $50 so they can’t hold you liable even if they wanted to.
If there ever was a plain old credit card, this one is it. There are no bells and whistles, no rewards… it’s just a regular card. No annual fee.
3. Platinum Rewards Visa Credit Card (APR: 13.24-20.24%)
As the name implies, this is their rewards card. It has no annual fee and the rebate is paid in the form of “State Farm Dollars” which can be applied towards the cost of your insurance policy. When I heard this, I was intrigued. After all, I’m always looking for ways to lower the cost of my policy. Unfortunately, this State Farm credit card only gives “up to” 1% on spending. Being that most cards today give you that, this wasn’t anything to write home about.
4. State Farm Crystal Rewards Visa Card (APR: 13.24-20.24%)
This is the newest State Farm credit card which looked good to me at first glance because it is peddled for its 1.5% cash back... but then I read the fine print about the rewards! On the first $10,000 spent each year the card only earns 1% in rewards. Only annual spending that exceeds that amount will earn 1.5%. For State Farm insurance premium payments there is an additional 0.25%. This card also charges a $30.00 annual fee.
Benefits? I looked over the benefits across all the cards and in a nutshell they are things you pretty much will find on any card nowadays. For example, they list free collision coverage on eligible auto rentals as a benefit for the Good Neighbor and Platinum Rewards card, but what you may not know is that almost every credit card nowadays includes that; it’s just such a common benefit now that no one advertises (in addition, your regular auto insurance policy most likely covers you driving rental cars anyway). The same can be said about zero fraud liability, not only does virtually every card give you that, but you’re also protected by federal law for fraud over $50 so they can’t hold you liable even if they wanted to.
Should get one or not?
Like I said, I'm loyal customers of State Farm, but the fact of the matter is that the State Farm credit card does not offer much in fact. Only platinum rewards and it's pitiful 1%. Even if you qualify for the lowest interest rate, is still just average. And on balance transfer offers are lower than average in length. Crystal State Farm rewards credit cards is a bad deal when you consider the high level of spending and an annual fee. I love the company, but there was no rhyme or reason to get any of these cards.
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gas credit cards State farm credit card: What they do not tell you
gas credit cards State farm credit card: What they do not tell you
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