IKEA Visa credit card review

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Advertiser Disclosure

Interest Rate: Purchases
21.99
Balance Transfer
23.99
Rewards
1 - 3% cashback
Signup Bonus
-


8/10
Informr score
The IKEA Visa credit card currently has an Informr score of 8 out of 10. This score is based on our evaluation of 7 sources including reviews from users and the web's most trusted critics.

Am I eligible?


IKEA Visa credit card is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Finder

The IKEA Visa credit card offers excellent rewards for IKEA purchases. It also offers strong rewards for everyday purchases, so you can quickly earn reward certificates even if you’re not a frequent IKEA shopper.

- Finder
NerdWallet

Unless you plan to furnish your house entirely in Ikea furniture over a long time period, you may be better off with a card that pays simple cash-back rewards and doesn’t require complicated instructions for redemptions.

- Robin Saks Frankel, NerdWallet
HighYa

The IKEA Visa is IKEA’s rewards-focused consumer credit card with cash-back rates and sign-up bonuses that can earn you more than $550 in rewards your first year and more than $470 every year thereafter.

- J.R. Duren, HighYa
MagnifyMoney

If you shop at IKEA regularly, then the rewards it offers can add up, especially since there’s no limit on how much you can accumulate. The rewards for dining and groceries are good, and including utility purchases in this tier is great, since most cards don’t even include this category for higher r...

- Benét J. Wilson, MagnifyMoney
The Simple Dollar

With the IKEA card, you really just get coupons off future IKEA purchases. That might be fine for people who shop in IKEA all the time, but most people want more out of their rewards.

- Holly Johnson, The Simple Dollar

Details


Interest Rates
Regular APR Interest Rate 21.99%

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 23.99%

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 23.99%

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 5%

Minimum of $10

Cash Advance Fee 5%

Minimum of $10

Foreign Transaction Fee $0.00
Over Limit Fee $0.00
Late Payment Fee $37.00

Maximum

Promotions
Sign up bonus
  • Bonus $25 IKEA Reward Certificate when you make $500 in qualifying purchases outside of IKEA, Traemand and TaskRabbit within the first 90 days of account opening with your IKEA Visa credit card.
  • $25 off your first IKEA purchase.
Rewards
All Purchases 1% cash back
Restaurants 3% cash back
Gas No
Groceries 3% cash back
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details
  • 3% cash back on utility purchases
  • 5% cash back on IKEA purchases as well as Traemand installation and TaskRabbit assembly services
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees Yes
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Additional Benefits
  • Emergency card replacement
  • Free standard shipping & delivery on in-store IKEA purchases made with your IKEA Visa credit card now through 8/31/18
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Critic Reviews


Finder

A no-brainer for frequent IKEA shoppers

The IKEA Visa credit card offers excellent rewards for IKEA purchases. It also offers strong rewards for everyday purchases, so you can quickly earn reward certificates even if you’re not a frequent IKEA shopper.

Read full review

The IKEA Visa credit card offers excellent rewards for IKEA purchases. It also offers strong rewards for everyday purchases, so you can quickly earn reward certificates even if you’re not a frequent IKEA shopper.

Read full review

Less

NerdWallet

Designed to reward loyal Ikea customers

from NerdWallet

Unless you plan to furnish your house entirely in Ikea furniture over a long time period, you may be better off with a card that pays simple cash-back rewards and doesn’t require complicated instructions for redemptions.

Read full review

Unless you plan to furnish your house entirely in Ikea furniture over a long time period, you may be better off with a card that pays simple cash-back rewards and doesn’t require complicated instructions for redemptions.

Read full review

Less

HighYa

An attractive choice for shoppers

from HighYa

The IKEA Visa is IKEA’s rewards-focused consumer credit card with cash-back rates and sign-up bonuses that can earn you more than $550 in rewards your first year and more than $470 every year thereafter.

Read full review

The IKEA Visa is IKEA’s rewards-focused consumer credit card with cash-back rates and sign-up bonuses that can earn you more than $550 in rewards your first year and more than $470 every year thereafter.

Read full review

Less

MagnifyMoney

Offers both a $0 annual fee and pretty good rewards in popular categories

from MagnifyMoney

If you shop at IKEA regularly, then the rewards it offers can add up, especially since there’s no limit on how much you can accumulate. The rewards for dining and groceries are good, and including utility purchases in this tier is great, since most cards don’t even include this category for higher rewards.

Read full review

If you shop at IKEA regularly, then the rewards it offers can add up, especially since there’s no limit on how much you can accumulate. The rewards for dining and groceries are good, and including utility purchases in this tier is great, since most cards don’t even include this category for higher rewards.

Read full review

Less

The Simple Dollar

Score huge IKEA rewards with no annual fee

from The Simple Dollar

With the IKEA card, you really just get coupons off future IKEA purchases. That might be fine for people who shop in IKEA all the time, but most people want more out of their rewards.

Read full review

With the IKEA card, you really just get coupons off future IKEA purchases. That might be fine for people who shop in IKEA all the time, but most people want more out of their rewards.

Read full review

Less

ValuePenguin

A must-have card for IKEA shoppers

from ValuePenguin

The IKEA Visa Credit Card offers excellent rewards for IKEA purchases as well as restaurant, grocery and utility purchases. One caveat, however, is that the rewards the IKEA Visa Credit Card earns can only be used for IKEA purchases and expire 45 days after being issued. This limits the usefulnes...More

The IKEA Visa Credit Card offers excellent rewards for IKEA purchases as well as restaurant, grocery and utility purchases. One caveat, however, is that the rewards the IKEA Visa Credit Card earns can only be used for IKEA purchases and expire 45 days after being issued. This limits the usefulness of this card to those who don't shop at IKEA often.

Read full review

Less

MyBankTracker

Designed with dedicated IKEA shoppers in mind

from MyBankTracker

This card could be an excellent choice for anyone who spends a lot of time and money shopping IKEA and wants to earn money back on those purchases. It's also good for someone who wants a go-to rewards card they can use anywhere. The card does fall short, however, when it comes to the APR and rewards redemption.

Read full review

This card could be an excellent choice for anyone who spends a lot of time and money shopping IKEA and wants to earn money back on those purchases. It's also good for someone who wants a go-to rewards card they can use anywhere. The card does fall short, however, when it comes to the APR and rewards redemption.

Read full review

Less

User Reviews


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