At a quick glance, the State Farm Rewards Visa Credit Card offers 3x points for every $1 spent on insurance premium payments, up to $4,000 annually and 1x the State Farm Loyalty Rewards point for every $1 spent on all other eligible purchases. You’ll be able to redeem your points for merchandise, travel, and eligible State Farm products. You’ll also be getting 0% Introductory APR on purchases and balance transfers for 12 months, all at no annual fee attached.
| BONUS LINK | OFFER | REVIEW |
| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| Chase Private Client | $3,000 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up To $700 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
Alternative Credit Card Bonuses:
State Farm Rewards Visa Credit Card Summary:
- Apply Now
- Best Feature: 3x the point on insurance premiums
- Maximum Bonus: None
- Spending Requirement: None
- Annual Fee: $0
- Expiration Date: None
State Farm Rewards Visa Features:
- Earn 1 State Farm Loyalty Rewards point for every $1 spent on eligible purchases.
- Earn 3 points for every $1 spent on insurance premium payments, up to $4,000 annually.
- Redeem points for merchandise, travel, and eligible State Farm® products.
- Redemption premium when points are applied toward a qualifying State Farm product.
- Enhanced Security with Chip Card Technology
- No Annual Fee
State Farm Point Value:
Points are worth approx. 1 CPP. One of the perks attached on the State Farm Rewards VISA is the redemption premium when points are applied towards qualifying State Farm products (State Farm Bank Checking/Interest Checking accounts & State Farm VISA Gift Cards). Redemption premiums are listed below:
- 100,000 – greater — 50% Premium
- 50,000 – 99,999 — 35% Premium
- 25,000 – 49,999 — 25% Premium
- 0-24,999 points — No Premium
Conclusion:
Given that the State Farm Rewards Visa Credit Card realistically only has value within the 3x on insurance premiums, it’s unfortunate that there’s no useful ‘middle-man’ perk like 2-3x on restaurants, gas, or something relatively useful. Points are worth 1 Cent Per Point. The $4,000 cap on the 3x category is what defeats the purpose of the Redemption Premium perk. All-in-all, there’s better cards out there; be sure to check out our compiled archive of Top Cash Back Credit Cards or our complete list of Credit Card Promotions today!
