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IKEA® Visa® credit card review

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Advertiser Disclosure

Annual Fee
$0.00
Interest Rate: Purchases
21.99% (Variable)
Interest Rate: Purchases
21.99% (Variable)
Balance Transfer
26.99% (Variable)
Balance Transfer
26.99% (Variable)
Rewards
1 - 3% cashback
Rewards
1 - 3% cashback
Signup Bonus
-
Signup Bonus
-


5.6/10
Informr score
The IKEA® Visa® credit card currently has an Informr score of 5.6 out of 10. This score is based on our evaluation of 10 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...


SimpleMoneyLyfe
SimpleMoneyLyfe

Although the IKEA® Visa® Credit Card can be used anywhere Visa is accepted, you are better off treating it more like a store-branded card due to their restricted rewards program. If you are a frequent visitor of IKEA, then their rewards in the form of statement credits may appeal to you. Just keep i...

- Brian Latchford, SimpleMoneyLyfe
ValuePenguin
ValuePenguin

The IKEA® Visa® Credit Card is great for IKEA purchases, though its restrictive rewards structure make it difficult to recommend to those that visit the store infrequently. For more flexible rewards with no annual fee, consider a cash back credit card such as the Citi® Double Cash Card.

- Bailey Peterson, ValuePenguin
Investopedia
Investopedia

The IKEA Visa credit card could be a good fit for DIY-ers and people who love to shop IKEA for their home. This card is also appealing for earning a solid percentage back on dining, groceries, and utilities if you typically charge those purchases. Plus, it has no annual fee.

- Rebecca Lake, Investopedia
CreditCards.com
CreditCards.com

You’ll earn rewards at a nice clip with the IKEA Visa Credit Card, but since you can only redeem Rewards Certificates at IKEA, the card will be of little use to anyone but the store’s most loyal shoppers.

- Nouri Zarrugh, CreditCards.com
Finder
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

Details


Interest Rates
Regular APR Interest Rate 21.99% (Variable)

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

Balance Transfer Interest Rate 26.99% (Variable)

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

Cash Advance Interest Rate 23.99% (Variable)

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 $40.00

Maximum

Promotions
Sign up bonus No
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
Virtual Cards No
Additional Benefits
  • Emergency card replacement
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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Additional comments -
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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