State Farm Good Neighbor Credit Card Archived From: Finance |
Got an offer in the mail yesterday for 12 months a 0% with no balance transfer fee for the first 90 days account is open. After that, fee is capped at $75.
Checked online and the deal is available for only 9 months at 0%, with no transfer fee for the first 90 days.
If anyone is interested.
http://www.statefarm.com/bank/credit_cards/gn_visa/gnbaltra.asp
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State Farm is known to pull all three credit bureaus.
Unless you have a pre-existing relationship like insurance with them, it's unlikely you'll get approved or if you do, the lines are small and not worth the 3 bureau pull
VanceWade said:State Farm is known to pull all three credit bureaus.
and then they deny you!! Tried the card as part of my AOR and now think that it is not worth 3 pulls unless there is a compelling reason to get this card.
I have different expereince than you guys.
I currently have auto and house insurance with StateFarm.
I only got one TU pull and got the card. I know somone else also only got one TU pull and got the card(He has auto with StateFarm, too). I am with 15k while he got 25k. I consider that kind of CL is ok to good.
Neither he or I have account with StatrFarm bank or CC before. All we have are auto and house policy with StateFarm. So I think 3 pulls may only happen to who is not current StateFarm customers. And low CL? I think it's just YMMV.
Got the letter today. I have my insurance with State Farm. Got instant approval for $6000.
does this card offer any rewards , Cash Back . i don't see any on the card page
VanceWade said:State Farm is known to pull all three credit bureaus.
Yes, that's a real risk. AOR folks should know that the 2nd and/or 3rd could come 8 days later. But some good news: they only pulled TU for me (March 20), and I am NOT a State Farm customer. (Though my wife does have a card; not sure if that matters. It's NOT an "AU".) Luck? A new policy?
selfinducedpriapism said:Unless you have a pre-existing relationship like insurance with them, it's unlikely you'll get approved or if you do, the lines are small
Not true. I just got $15K, my wife got $9K last year. What is true: don't do them late in an AOR. I posted on this earlier in the year but can't find it at the moment. (With all the new features at FW, maybe it's a good time for anyone who wants better search to speak up to the powers that be. I did.)
cardjuggler said:VanceWade said:State Farm is known to pull all three credit bureaus.
Yes, that's a real risk. AOR folks should know that the 2nd and/or 3rd could come 8 days later. But some good news: they only pulled TU for me (March 20), and I am NOT a State Farm customer. (Though my wife does have a card; not sure if that matters. It's NOT an "AU".) Luck? A new policy?
Juggler,
My experience matches that of Hindustani. However, your post suggests that there might have been a policy change. I recall State Farm was giving generous credit lines to those who ended up getting the card 12-15 months ago. Would you mind sharing the state and, if possible, zip code that you put on the application. I think I might be interested to spend a TU inq. on a shot to get their card. Thanks.
I currently have statefarm for auto and renter's insurance. They pulled Transunion and Equifax in CA, but only gave me a lousy $1500 CL.
bigd888 said:I currently have statefarm for auto and renter's insurance. They pulled Transunion and Equifax in CA, but only gave me a lousy $1500 CL.
Did you apply recently, i.e., in the last two months?
bigd888 said:I currently have statefarm for auto and renter's insurance. They pulled Transunion and Equifax in CA, but only gave me a lousy $1500 CL.
What's your avg CL from other cards? And/or HHI?
here's a tip on getting this card as part of your A0R.
you must apply for this card, 1 day before the rest of your A0R applications.
it takes the monkeys at StateFarm 1 day just to process your online application, it is NOT an instant approval system.
so give it one day and the credit pull(s) from StateFarm will hit the same time as the rest of your A0R applications.
and last warning, only apply for this card if you are willing to take multiply credit pulls.
these bastards pull 4, yes 4 reports, for a single application in May, 2 TU, 1EQ, 1EX.
data points.
was not a State Farm customer previous to this CC.
CL issued after 4 pulls = $12.5K
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