Review of State Farm Bank Student Visa

The State Farm Bank Student Visa was last reviewed on : 28th August 2006

Summary - The State Farm Bank student visa is a basic student credit card that comes with some Visa Rewards. One of the interesting feature is that it has a slightly lower apr than most student credit cards. Find out more...

Fees and Rates - There is no annual fee and the apr is either prime rate plus 8.99% which cannot go below 13.99%, or prime rate plus 16.99%. The apr is (at P+8.99%) is 1% lower than the average student credit card apr (pirme rate plus 9.99%). However, it has a floor at 13.99%. The State Farm Bank student visa uses the average balance method (including new purchases) to calculate monthly balances.

You can be given a credit limit of up to $2,500 and will also be eligible for discounts and deals from partner merchants of Visa Student Rewards.

Recommendations - The State Farm Bank Student Visa is a typical student credit card with a slightly lower than average apr. Those looking for a student credit card with a lower apr may want to consider this card. Another card to look at is the Discover Student Credit Card, which also has similar apr, but comes with cash back rewards.

Positives