Am I eligible?
To get this card, you must also:
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...
- Joshua Rodriguez, GOBankingRatesIf you are a frequent Ikea shopper, the Ikea Visa credit card is a good way to rack up rewards that you can apply to future purchases because of its high 5% reward rate. Just keep in mind that you can only redeem rewards in $15 increments on your billing statement and they expire within 90 days. You...
- Rebecca Lake, MyBankTrackerThis 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...
- Rebecca Lake, InvestopediaThe 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.
- Brian Latchford, SimpleMoneyLyfeAlthough 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...
- Nouri Zarrugh, CreditCards.comYou’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.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
21.99% (Fixed) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
26.99% (Fixed) This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
23.99% (Fixed) 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 |
$41.00 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 |
|
| 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 |
|
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age | 18 |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.
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.
The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.
Use this card?
Help inform others by sharing your experience with IKEA® Visa® credit card