The IKEA Credit Card: Is It Right for You or Not?

Q: How do I earn rewards with the IKEA Visa Credit Card?

You can earn rewards with this card in the following ways: 5% at IKEA: You earn 5% in rewards on all your IKEA purchases, including in-store, at IKEA restaurants, TaskRabbit services, and IKEA's kitchen installation services. 3% on Dining, Grocery, and Utilities: Get 3% in rewards when you dine out, shop for groceries, or pay your utility bills. 1% Everywhere Else: For all other purchases made with the card, you'll earn 1% in rewards. Every time your rewards balance reaches $15, you'll receive a rewards certificate.

Q: What are the extra perks of the IKEA Visa Credit Card?

The card offers several extra perks, including: $25 Off Your First Purchase: Enjoy a $25 discount when you use your IKEA Visa for your first purchase. $25 Bonus Certificate: If you spend at least $500 on purchases outside of IKEA and its related services within the first 90 days, you'll earn an additional $25 bonus certificate for future IKEA shopping. No Annual Fee: The card does not have an annual fee, so you won't have to pay for the privilege of using it. Competitive Interest Rate: The interest rate, while not the lowest, is competitive with many retail store credit cards. Issued by Comenity Capital Bank: Comenity Capital Bank is a well-known issuer of retail store credit cards. Instant Approval: If you receive instant approval, you can start using your card on the same day, both in-store and online.

If you’re a fan of IKEA, you’ll be excited to learn about the new IKEA credit card. In this review, we’ll take a closer look at what this card offers and whether it’s worth adding to your wallet. Whether you’re a frequent IKEA shopper or just looking for a new Visa credit card, this card might pick your interest.

Table of Contents

Earn IKEA Rewards and Beyond

The IKEA credit card allows you to earn rewards certificates that you can redeem for future IKEA purchases. It’s not just limited to IKEA, though – you can use it anywhere that accepts Visa credit cards. Let’s dive into the rewards structure:

5% at IKEA: You earn a generous 5% in rewards on all your IKEA purchases, including items from the store, IKEA restaurants, TaskRabbit services, and even IKEA’s kitchen installation services.
3% on Dining, Grocery, and Utilities: Enjoy 3% in rewards when you dine out, buy groceries, or pay your utility bills.
1% Everywhere Else: For all other purchases made with the IKEA Visa, you’ll earn 1% in rewards.

Every time you accumulate $15 in rewards, you receive a rewards certificate that you can use toward your next IKEA shopping spree. This system is designed to encourage frequent IKEA shoppers to keep coming back.

The Catch: Rewards Certificates Have a Short Shelf Life

While earning rewards is great, there’s a catch with the IKEA Visa credit card: your rewards certificates expire in just 45 days. This means you’ll need to be a regular IKEA shopper who can take advantage of these rewards promptly. If you’re not a frequent visitor, you might find yourself rushing to use the certificate before it expires.

Extra Perks

The IKEA Visa credit card does come with a few extra perks to sweeten the deal:

$25 Off Your First Purchase: When you use your IKEA Visa for your first purchase, you’ll receive a $25 discount. It’s a nice incentive for new cardholders.
$25 Bonus Certificate: If you use the card for at least $500 in purchases outside of IKEA and its related services within the first 90 days, you’ll earn an additional $25 bonus certificate for future IKEA shopping.
No Annual Fee: You won’t have to worry about an annual fee eating into your rewards.
Competitive Interest Rate: While the interest rate starts at 21.99%, it’s on par with most retail store credit cards.
Issued by Comenity Capital Bank: Comenity Capital Bank is a reputable issuer of retail store credit cards, offering you confidence in the card’s reliability.
Instant Approval: If you’re approved instantly, you can start using your card on the same day, both in-store and online.

The Verdict: Is It Worth It?

The IKEA credit credit card is a solid choice for regular IKEA shoppers who can maximize the benefits. Earning 5% rewards on IKEA purchases is a great deal, but it’s not necessarily an everyday card.

For most people, IKEA isn’t a store they visit frequently, which may make it challenging to accumulate rewards consistently. The short 45-day expiration period for rewards certificates is also a drawback for those who don’t shop at IKEA often.

If you’re a loyal IKEA shopper, this card can be a valuable addition to your wallet. However, if you’re looking for an everyday Visa card, you might want to explore other options with longer-lasting rewards.

Conclusion

The IKEA credit card offers attractive rewards for frequent IKEA shoppers. With a generous 5% back on IKEA purchases and additional perks like a $25 first-purchase discount and a $25 bonus certificate, it’s a card tailored to IKEA enthusiasts.

However, it may not be the best fit as an everyday Visa credit card. The 45-day expiration period for rewards certificates can be a deal-breaker for those who don’t regularly shop at IKEA. If you’re not a frequent IKEA visitor, you might find it challenging to maximize the card’s benefits fully.

Frequently Asked Questions (FAQs)

What is the IKEA Visa Credit Card?

The IKEA Visa Credit Card is a credit card issued by Comenity Capital Bank. It allows you to earn rewards in the form of certificates that you can use toward future IKEA purchases. You can also use it anywhere that accepts Visa credit cards.

How do I earn rewards with the IKEA Visa Credit Card?

You can earn rewards with this card in the following ways:

5% at IKEA: You earn 5% in rewards on all your IKEA purchases, including in-store, at IKEA restaurants, TaskRabbit services, and IKEA’s kitchen installation services.
3% on Dining, Grocery, and Utilities: Get 3% in rewards when you dine out, shop for groceries, or pay your utility bills.
1% Everywhere Else: For all other purchases made with the card, you’ll earn 1% in rewards.

Every time your rewards balance reaches $15, you’ll receive a rewards certificate.

Are there any limitations to the rewards?

Yes, there is a limitation to be aware of. The rewards certificates you earn expire in just 45 days. This means you’ll need to use them quickly, which may not be suitable for infrequent IKEA shoppers.

What are the extra perks of the IKEA Visa Credit Card?

The card offers several extra perks, including:

$25 Off Your First Purchase: Enjoy a $25 discount when you use your IKEA Visa for your first purchase.
$25 Bonus Certificate: If you spend at least $500 on purchases outside of IKEA and its related services within the first 90 days, you’ll earn an additional $25 bonus certificate for future IKEA shopping.
No Annual Fee: The card does not have an annual fee, so you won’t have to pay for the privilege of using it.
Competitive Interest Rate: The interest rate, while not the lowest, is competitive with many retail store credit cards.
Issued by Comenity Capital Bank: Comenity Capital Bank is a well-known issuer of retail store credit cards.
Instant Approval: If you receive instant approval, you can start using your card on the same day, both in-store and online.

Is the IKEA Visa Credit Card suitable as an everyday card?

For most people, the IKEA Visa Credit Card is not an ideal everyday card. It’s best suited for those who frequently shop at IKEA and can maximize the 5% rewards on IKEA purchases. The short 45-day expiration period for rewards certificates may also make it less appealing for everyday use.

How do I apply for the IKEA Visa Credit Card?

You can apply for the IKEA Visa Credit Card online or in-store. The application process typically requires personal and financial information, and approval is subject to creditworthiness.