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The State Farm Good Neighbor Visa® Card is a bit of a mixed bag. On one hand, it offers a 0% promotional period for both purchases and balance transfers that lasts for 18 billing cycles. On the other hand, it provides cardholders with no option to earn a welcome bonus or rewards points. Read our full State Farm Good Neighbor Visa® Card review to decide if this is a card that fits your needs.
3.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
3.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Score:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good (670-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Good (670-850)
Intro APR
Purchases: 0% for 18 billing cycles
Balance Transfers: 0% for 18 billing cycles
Regular APR
19.24%-29.24% (Variable)
Annual Fee
$0
A credit card with several attractive perks, and a decent option for those who want to consolidate high-interest debt.
0% introductory APR on balance transfers and purchases
No annual fee
Extra included protections and perks
No welcome bonus
No rewards
Full State Farm Good Neighbor Visa® Card review
This credit card is a good fit for: Consumers who want to consolidate debt using a 0% promotional rate, but don't care about accumulating rewards points.
Top perks
The State Farm Good Neighbor Visa® Card has some attractive features, particularly when it comes to unique perks.
0% introductory APR
If you're looking for a way to consolidate high-interest debt into a single debt with a 0% interest rate, the Good Neighbor Visa® Card is worth a closer look. The trick is to make sure that you have the card paid off in full before the promotional period of 18 billing cycles expires. Once it does, the APR will shoot up to the standard interest rate.
No annual fee
Depending on the credit card, annual fees can reach hundreds of dollars a year. The State Farm Good Neighbor Visa® Card charges no such fee.
Sweet perks
While the Good Neighbor card does not offer a welcome bonus or rewards points, it does provide a short menu of valuable perks. For example, eligible cardholders are reimbursed for up to $600 if their phone is stolen, and receive up to $200 of their auto policy deductible if they experience a covered loss. It also comes with extended warranty protection and travel and emergency assistance.
Low balance transfer fee
Every credit card with a 0% promotional rate on balance transfers charges something for the service. The Good Neighbor card charges 3% of the transferred amount or $5, whichever is greater. A lot of balance transfer cards available today charge a fee of 5%, so you'll likely pay less to transfer a balance with this card.
Alternatives to consider
There is no perfect credit card, so if you decide the State Farm Good Neighbor Visa® Card is not quite what you're looking for, other card options are available. For example:
A great choice for customers who are looking for a high standard rewards rate: The Citi Double Cash® Card provides cardholders with a flat rate of 2% on all purchases. So instead of trying to remember how much they'll earn for dining out as opposed to purchasing an airline ticket, cardholders are always sure of how much they'll receive. 1% of the reward rate is applied when you make a purchase using the card, and the other 1% is applied when the bill is paid.
For people who want unlimited cash back: The Chase Freedom Unlimited® card provides a steady stream of 1.5% cash back rewards. And if you're looking to pile up rewards cash, you'll have bonus rewards categories available, each one even more lucrative.
If neither of these sounds like a good fit, check out some of our other credit card reviews.
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Fair to Excellent (580-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Fair to Excellent (580-850)
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Good/Excellent (670-850)
Welcome Offer:
Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
$200
Welcome Offer:
Intro Offer: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
Earn $200 cash back
Rewards Program:
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
2% cash back
Rewards Program:
Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases
1.5% - 5% cash back
Intro APR:
Purchases: N/A
Balance Transfers: 0%, 18 months on Balance Transfers
Intro APR:
0% Intro APR on Purchases and Balance Transfers for 15 months
Purchases: 0% Intro APR on Purchases, 15 months
Balance Transfers: 0% Intro APR on Balance Transfers, 15 months
Regular APR:
18.24% - 28.24% (Variable)
Regular APR:
18.99% - 28.49% Variable
Annual Fee:
N/A
$0
Annual Fee:
$0
Highlights:
Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.24% - 28.24%, based on your creditworthiness.
Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Highlights:
Intro Offer: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases.
No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.99% - 28.49%.
No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
The State Farm Good Neighbor Visa® Card is sort of like a so-so date. It's not bad (at all), but all the pieces aren't quite there. Here's where the card could improve.
No welcome bonus
Because all credit card companies would be lucky to have consumers with good to excellent credit scores apply for their cards, one would think that the Good Neighbor card would sweeten the pot by offering a welcome bonus of some kind.
No rewards
Another place the Good Neighbor card falls short is rewards. When it's time to pay, most of us pull out the card with the most attractive rewards program. It seems that the State Farm Good Neighbor Visa® Card is missing out on becoming a "go-to" method of payment.
Suggested credit score
We'd suggest having a FICO® Score of 670 or better before applying for the State Farm Good Neighbor Visa® Card. In addition, the card company will consider several other factors, such as employment, income, and how much additional debt you carry.
The State Farm Good Neighbor Visa® Card is right for you if:
You're looking for a card with a 0% promotion rate that lasts 18 billing cycles, and you also want a card that offers less-common cardholder perks.
Our credit card methodology
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
FAQs
While credit scores are imperfect, they are one of the only ways a creditor can determine how well you've managed credit in the past. A creditor that works primarily with highly-qualified borrowers can continue to offer bigger perks, and this card does provide some unusual perks.
If you make it a practice to pay your balance off in full each month, you avoid paying interest. And yet, you continue to rack up rewards, meaning the card pays you to use it.
The bank gives you 18 billing cycles to pay the debt off in full before the APR shoots back up to its standard rate.
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