State Farm® Business Cash Rewards Visa Signature® is a small business credit card from State Farm, a prominent insurance provider, in collaboration with the U.S. Bank. It offers several cash back mechanisms for different purchases and does not charge an annual fee. Note that only those with active State Farm policies are eligible for this card.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
State Farm® Business Cash Rewards Visa Signature®
BEST FOR:
Those with existing insurance premiums with State Farm
Intro APR
0% Introductory APR on purchases and balance transfers for 12 billing cycles
Regular APR
18.99% to 27.99% variable
Annual Fee
$0
Credit Needed
Good, Excellent
- 3% cash back on State Farm insurance premium payments, up to $4,000 spent annually
- 3% cash back at gas stations, cellphone service providers, office supply stores and on dining, including takeout and food delivery service purchases
- 1% cash back on all other eligible purchases
- $100 credit to your State Farm Business Cash Rewards Account within two statement billing cycles after 11 consecutive months of eligible software service subscription purchases
Pros
- Does not charge annual feees
- Earn cash back on State Farm insurance premiums
- With auto insurance deductible reimbursement
Cons
- Charges foreign transaction and balance transfer fees
- No rewards for new cardholders
- Need to have an active State Farm insurance to qualify
- Auto deductible reimbursement: State Farm allows you to cut down on unexpected expenses by getting reimbursed up to $200 of your auto policy deductible after experiencing a covered loss for as long as you made a minimum of eight net purchases in the past month.
- Cellphone protection: You can protect your cellphone every time you pay your bills and your eligible cellphone can be reimbursed up to $600 should it be stolen or damaged after paying your monthly cellphone bills
- Personal identity theft: This feature provides reimbursement for the covered expenses incurred to restore your identity.
- Purchase security: New items can be protected against theft or damage for the first 90 days from the date of purchase with your State Farm® Business Cash Rewards Visa Signature®
Intro APR
0% Introductory APR on purchases and balance transfers for 12 billing cycles
Regular APR
18.99% to 27.99% variable
Annual Fee
$0
Credit Needed
Good, Excellent
- 3% cash back on State Farm insurance premium payments, up to $4,000 spent annually
- 3% cash back at gas stations, cellphone service providers, office supply stores and on dining, including takeout and food delivery service purchases
- 1% cash back on all other eligible purchases
- $100 credit to your State Farm Business Cash Rewards Account within two statement billing cycles after 11 consecutive months of eligible software service subscription purchases
Pros
- Does not charge annual feees
- Earn cash back on State Farm insurance premiums
- With auto insurance deductible reimbursement
Cons
- Charges foreign transaction and balance transfer fees
- No rewards for new cardholders
- Need to have an active State Farm insurance to qualify
- Auto deductible reimbursement: State Farm allows you to cut down on unexpected expenses by getting reimbursed up to $200 of your auto policy deductible after experiencing a covered loss for as long as you made a minimum of eight net purchases in the past month.
- Cellphone protection: You can protect your cellphone every time you pay your bills and your eligible cellphone can be reimbursed up to $600 should it be stolen or damaged after paying your monthly cellphone bills
- Personal identity theft: This feature provides reimbursement for the covered expenses incurred to restore your identity.
- Purchase security: New items can be protected against theft or damage for the first 90 days from the date of purchase with your State Farm® Business Cash Rewards Visa Signature®
When evaluating cash back business credit cards like the State Farm® Business Cash Rewards Visa Signature®, we give the most weight to ongoing rewards. We also look at the introductory rewards, annual fees, introductory and ongoing annual percentage rates (APRs), and card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 30 |
Introductory Rewards | 0 | 20 |
Annual Fee | 15 | 15 |
Additional Features | 10 | 15 |
Introductory APR | 10 | 10 |
Ongoing APR | 7 | 10 |
Total Score | 62 | 100 |
Who the State Farm® Business Cash Rewards Visa Signature® Is Best For
- Those with an insurance policy with State Farm: The card is only available to State Farm insurance customers.
- Those who make purchases at gas stations, office supply stores, and restaurants: You can earn 3% cash back rewards from eligible purchases, including gas, office supplies, and restaurants.
If this isn’t the card for you, then check out our recommended alternatives below.
State Farm® Business Cash Rewards Visa Signature® Rewards
- 3% cash back on State Farm insurance premium payments, up to $4,000 spent annually
- 3% cash back at gas stations, cellphone service providers, office supply stores, and restaurants, including takeout and food delivery service purchases
- 1% cash back on all other eligible purchases
- $100 credit to your State Farm Business Cash Rewards Account within two statement billing cycles after 11 consecutive months of eligible software service subscription purchases
Cash Back Rewards Explained
You only earn cash back on eligible net purchases, which is defined as purchases minus credits and returns. Redeem your earned cash back in three ways: statement credit, deposit made to a savings or checking account, or a U.S. Bank Rewards Card, with a $25 minimum redemption.
Note that cash back rewards expire at 11 p.m. Central time at the end of the calendar quarter—that is three years from the date they were earned.
You can use our calculator to compute your potential cash back rewards from using the State Farm® Business Cash Rewards Visa Signature®. Just input your projected annual spending, and let our calculator do the rest.
State Farm® Business Cash Rewards Visa Signature® Features
- Auto deductible reimbursement: Receive up to $200 worth of reimbursement from your auto policy deductible after experiencing a covered loss for as long as you made a minimum of eight net purchases in the past month.
- Cellphone protection: Your eligible cellphone can be reimbursed up to $600 should it be stolen or damaged after paying your monthly cellphone bills.
- Personal identity theft: This provides reimbursement for the covered expenses incurred to restore your identity. You can get up to a maximum of $5,000 as a result of a covered stolen identity event.
- Purchase security: New items purchased with this card can be protected against theft or damage for the first 90 days from the date of purchase.
State Farm® Business Cash Rewards Visa Signature® Fees
APR
- Introductory on purchases: 0% for the first 12 billing cycles
- Introductory on balance transfers: 0% for the first 12 billing cycles for balances transferred within 60 days from account opening
- Ongoing and balance transfers: 18.99% to 27.99% variable, depending on the prime rate
- Cash advance: 29.99% variable, depending on the prime rate
- Penalty: 32.24% variable, which will adjust with the prime rate; will apply to your account if you do one of the following:
- Make a payment five calendar days late twice or 30 calendar days once
- Make a returned payment
- Exceed your credit limit twice in 12 consecutive months
Fees
- Annual: None
- Balance transfer and convenience check cash advance: Either $5 or 3% of the amount transferred/advanced, whichever is higher
- Foreign transaction: 3% of each foreign transaction
- Cash advance, cash advance ATM, and cash equivalent advance: Either $10 or 5% of the amount of each transaction, whichever is greater
- Overdraft protection: None
- Late payment, returned payment, and overlimit: $40
- U.S. Bank ExtendPay®: A monthly fee of no more than 1.6% of the original principal amount in a U.S. Bank ExtendPay® Plan or U.S. Bank ExtendPay® Loan
Your due date is within 24 to 30 days after the close of each billing cycle.
- In-person: Locate a U.S. Bank branch near you to pay in person.
- Mail: Mail your check or money order through regular mail or overnight delivery.
Regular Mail | Cardmember Service PO Box 790408 St. Louis, MO 63179-0408 |
Overnight Delivery | Cardmember Service ATTN: 790408 824 N. 11th St. St. Louis, MO 63101-1016 |
- Online/mobile banking: Set up either autopay or a one-time payment through the U.S. Bank website or mobile app.
- Phone: Call the number found on the back of your card or (800) 285-8585.
- Third-party: Pay through a variety of third-party payment methods, such as bill pay and wire transfers.
When To Consider State Farm® Business Cash Rewards Visa Signature® Alternatives
You Don’t Have a State Farm Policy
If you want a business card that offers a 0% introductory period and rewards but do not have insurance from State Farm, consider the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®. Its 0% introductory period and premium rewards are why it is one of our best small business credit cards, the best credit cards for new businesses with no credit history, and the best business credit cards for balance transfers.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
Regular APR
19.24% - 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
Regular APR
19.24% - 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
You Want Flexibility to Exceed Your Credit Limit
State Farm® Business Cash Rewards Visa Signature® won’t give you the flexibility to exceed your credit limit. If you want this particular feature, we suggest the American Express Blue Business CashTM, as it offers expanded buying power—allowing you to spend beyond your credit limit. Note that the amount will adjust depending on your usage, payment history, credit record, and financial resources.
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
You Prefer to Earn Fixed-rate Cash Back Rewards
If you want a fixed-rate cash back rewards card from an issuer that is present in over 40 states, our recommendation is the Chase Ink Business Unlimited®. Its features and rewards landed it a spot on our lists of the top-recommended small business credit cards and best credit cards for new businesses with no credit history.
Ink Business Unlimited® Credit Card
BEST FOR:
Those who want fixed-rate 1.5% cash back on all purchases
Intro APR
0% Intro APR on Purchases
Regular APR
18.49% - 24.49% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
Intro APR
0% Intro APR on Purchases
Regular APR
18.49% - 24.49% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
Bottom Line
State Farm® Business Cash Rewards Visa Signature® is a cash back small business credit card best for business owners with active insurance policies with State Farm. What makes it unique is that it offers 3% cash back on insurance premiums, with up to $4,000 spent annually—alongside 3% cash back at gas stations, cellphone service providers, office supply stores, and restaurants and 1% cash back on all other eligible purchases. Note that it charges foreign transaction and balance transfer fees and lacks introductory rewards.
