0% Balance Transfer on State Farm “Good Neighbor” Card
If you’re in the market for a 0% balance transfer, you might want to check out State Farm Bank. Their “Good Neighbor” card currently comes with a 0% introductory APR balance transfer offer that’s good for up to 12 months. Thereafter a variable APR based on creditworthiness will apply. This APR will vary with the market based on the Prime Rate. To take advantage of this offer once your application is approved and the account is active execute the transfer within the first 90 days of card membership. Note there is a balance transfer fee of $10 or 3% of the amount of each balance transfer, whichever is greater (maximum fee: $250).
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This offer appears to impose a 3% fee, although it is capped (min $10, max $150).
Comment by Geoff — Jul 29th 2009 @ 1:17 pmI opened an account and transferred a balance immediately. I was charged a 3% transfer fee, even though the State Farm website at the time I applied said there would be none. The website has since removed the “no balance transfer fee” offer.
Comment by Ann Dunn — Oct 2nd 2009 @ 2:56 pm