State Farm Student Visa Credit Card Review

The State Farm Student Visa Credit Card is a great offer for students trying to choose the best credit card to get them started on building their credit history. It is important to build a credit history starting at a young age because it makes buying a car, a home and other things much easier when you have to finance them. A decent credit history helps to ensure that you will get approved for a loan and it helps lower your interest rates. The better your credit history is, the better the interest rate you will get on financing a loan. And with the State Farm Student Visa Credit Card, you can begin building your credit score while you are still in school and living with your parents!

Paying your bills on time is one of the best things you can do to build a decent credit score. With the State Farm Student Visa Credit Card, you have several options for paying your bills so you can be sure they are made in a timely manner. The Direct Pay option allows you to pay your State Farm Student Visa Credit Card directly from your checking or banking account. This includes money market accounts, too. All you have to do is log on to your account with State Farm and click the “Pay My SF Credit Card or Consumer Loan” link. Once you enroll for the payment processing the first time, you won’t have to do it again. There is also the online bill pay, the autopay and the quick remit option which allows you to pay over the phone with a State Farm representative.

The State Farm Student Visa Credit Card has no annual fee and the annual percentage rate is relatively low compared to other student credit cards. For this one, the APR is the prime rate added to either 8.99% or the prime rate plus 16.99% depending on your credit history. It can go no lower than 13.99%. The credit line maxes out at $2,500 and students are eligible for other discounts and deals from many merchants who have partnered with Visa Student Rewards. As an added bonus, the State Farm Student Visa Credit Card offers free car rental insurance and a $250,000 travel accidence insurance policy for taking those road trips across the country to see your friends and parents back home or just to experience the world during your college years.

The minimum monthly payments for the State Farm Student Visa Credit Card equal 3% of the balance in addition to any new account fees. There is a 20-day grace period and free balance transfer for moving the balances around from other cards.

Check out the State Farm Student Visa Credit Card if you are in search of a simple and affordable way to start building your credit. You will appreciate everything it has to offer!