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UpvotesWhat is the $150 bonus on the State Farm credit card?
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Chip Lupo
The $150 bonus on the State Farm Credit Card is a one-time incentive new cardholders can earn by spending $500 in the first 90 days after opening an account. The $150 bonus should be credited to your rewards balance within 6 to 8 weeks after you've met the spending requirement.
Other State Farm Credit Card Rewards, Benefits and Features
- Ongoing rewards: 3% cash back on insurance premium payments (up to $4,000 spent annually), 2% at gas stations, drug stores, grocery stores and on dining, including takeout and food delivery services and 1% on all other purchases.
- Auto deductible reimbursement: Get up to $200 off your auto insurance deductible when you file a claim for a covered loss after making at least 8 purchases in the previous month.
- Cell phone protection: Cell phones are covered for up to $600 if they are stolen or damaged, as long as you pay your cell phone bill with your State Farm Premier Cash Rewards Card.
- Purchase security: New items are protected against theft or damage for 90 days after you buy them when you pay with your State Farm Premier Cash Rewards Card.
- Annual Fee: $0.
To maximize your savings from State Farm Credit Card rewards, you should pay your balance in full every month. Otherwise, you'll be charged interest at the card's regular APR of 17.49% - 30.49% (V), which could easily wipe out any rewards you've earned.
