| Purchase APR (Fixed APR) | 21.99% |
| Balance Transfer APR (Fixed APR) | 26.99% |
| Credit Score Range | 650 - 850 |
| Annual Fee | $0 |
IKEA Visa Card Review
IKEA Visa Card is a store credit card issued by IKEA. If you're wondering whether IKEA Visa Card is the right card for you, read on. This is everything you need to know to make a good choice.
Key Takeaways
- Signup bonus. Offers a signup bonus of $25.
- High APRs. This is not a great card for people who carry a balance. It has a fixed purchase APR of 21.99%
- No annual fee. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
- 5% Balance transfer fee. IKEA Visa Card charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 in transfer fees. The minimum fee is $10.
- Fair or better credit required. You stand a chance of qualifying if your credit score is not below 650.
IKEA Visa Card Pros & Cons
| The Good | The Bad |
|---|---|
|
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IKEA Visa Card FAQ
Is there a IKEA Visa Card cash back or rewards program?
No, IKEA Visa Card does not offer a rewards program.
What are the relevant APRs for IKEA Visa Card?
According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. IKEA Visa Card has higher than average purchase APRs.IKEA Visa Card has a fixed purchase APR of 21.99%. The card has a fixed balance transfer APR of 26.99% . It also has a fixed cash advance APR of 26.99% .
Does IKEA Visa Card have an introductory APR offer on balance transfers?
No, IKEA Visa Card does not come with an introductory APR offer for balance transfers.Does IKEA Visa Card have an introductory APR offer on new purchases?
IKEA Visa Card does not offer an introductory rate on new purchases.| Description | |
|---|---|
| Introductory Rate | N/A |
| Purchase Intro APR Period (months) | N/A |
What are the fees for IKEA Visa Card?
The following fees apply to IKEA Visa Card:
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
Does IKEA Visa Card report your account activity to credit bureaus?
IKEA Visa Card reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.
How to apply for IKEA Visa Card
- Visit the IKEA Visa Card website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
- If you're denied click here to find out why your application may have been rejected and what you can do about it.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
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Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| No Annual Fee | |
| No Foreign Transaction Fee | |
| Annual Fee | $0 |
| No Interest Grace Period for Late Payment | 23 days |
| Cash Advance Fee Minimum | $10 |
| Cash Advance Fee (%) | 5% |
| Minimum Interest Charge | $2 |
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