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IKEA® Visa® credit card review

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A no-brainer for frequent IKEA shoppers looking for everyday-purchase rewards.

  • Get this card if you’re a frequent IKEA shopper or you spend a lot in the card’s 3%-back categories.
  • Pick something else if you don’t spend much in the card’s bonus categories.
  • Apply with a good to excellent credit score of 670 or higher.

$25

Welcome offer

Up to 5%

Cash back

$0

Annual fee

21.99%

Purchase APR (fixed)

Details

Product NameIKEA® Visa® credit card
Card typeVisa
Annual fee$0
Purchase APR21.99% fixed
Balance transfer APR26.99% fixed
Balance transfer fee$10 or 5% of the transaction, whichever is greater
Cash advance rate23.99% fixed
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $40
Returned payment feeUp to $40

Expert review

Kevin Joey Chen

Review by


Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.

Expert review

Naturally, the IKEA® Visa® credit card offers excellent rewards at IKEA: accelerated rewards on IKEA purchases and select services. Even if you don’t shop much at the retailer, however, you can still earn strong rewards on everyday purchases.

The perks

  • Annual fee:
    None.
  • Activation bonus: off your first IKEA purchase.
    To activate this bonus, you must open and use your card the same day.
  • Signup bonus: IKEA Reward Certificate.
    To earn this bonus, spend $500 in qualifying purchases outside of IKEA, TaskRabbit and Traemand within the first 90 days of card membership.

    This is a relatively low bonus compared to other no-annual-fee products. You’ll often find bonuses worth at least $150.

  • Rewards: Up to 5% back in rewards.
    Earn 5% back in rewards on IKEA purchases, Traemand installation and TaskRabbit assembly services.

    Earn 3% back in rewards on groceries, dining and utility purchases.

You’ll also like …

  • Automatic enrollment in IKEA FAMILY.
    IKEA’s loyalty program comes with benefits like free coffee or hot tea at the store’s restaurant, 90-day price protection and 30 extra minutes for your kids at IKEA’s childcare center each time you visit.
  • Visa benefits.
    Access emergency card replacement and cash disbursement if you lose your card. You’ll also receive auto rental protection when you pay for your rental with your card and decline the agency’s coverage.

What to watch out for

  • You’ll receive your rewards in $15 increments.
    Rewards come in the form of reward certificates, which are redeemable only at IKEA and IKEA.com.

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Bottom line

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.

If you want a card that rewards you for different categories, check out a cashback credit card with different ways to earn and redeem rewards.

Frequently asked questions

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