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  IKEA Visa Card

IKEA Visa Card

in Personal Credit Cards from IKEA

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IKEA Visa Card

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in Personal Credit Cards from IKEA

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Highlights
Highlights
Balance Transfer APR  (Fixed APR) 26.99%
Credit Score Range 650 - 850
Annual Fee $0
Purchase APR  (Fixed APR) 21.99%

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 and Cons:

The Good The Bad
  • Receive 5% back in rewards on IKEA purchases, 3% back in rewards on dining, grocery, and utility purchases, and 1% back in rewards on all other purchases made with your IKEA Visa credit card.
  • Enjoy $25 off your first IKEA purchase when you open and use your IKEA Visa credit card the same day.
  • Bonus $25 IKEA Reward Certificate when you make $500 in qualifying purchases outside of IKEA, Traemand, and TaskRabbit within the first 90 days of account opening with your IKEA Visa credit card.
  • No annual fee.
  • No annual fee.
  • IKEA Visa Card reports to multiple credit bureaus.
  • Small signup bonus
  • Higher than average purchase APRs.
  • Does not offer rewards or cash back.
  • You don't earn rewards on every purchase.
  • Charges a 5% balance transfer fee.
  • Does not include many credit card rewards.

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.
IKEA Visa Card Purchase Intro Offer
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:

IKEA Visa Card Fees
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 score.

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.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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About IKEA Visa Card

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
Customer Type Personal
Minimum Age 18
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 650 - 850
Card Type Store Card
Card Network Other
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Emergency Support  
Fraud Liability  
Car Rental Insurance  
Bonus Rewards - 5% back in rewards on IKEA® purchases, including Traemand installation and TaskRabbit assembly services - 3% back in rewards on dining, grocery and utility purchases - 1% back in rewards on all other purchases made with your IKEA® Visa® credit card
Signup Bonus $25
Cash Advance APR (Fixed APR) 26.99%
Purchase APR (Fixed APR) 21.99%
Balance Transfer APR (Fixed APR) 26.99%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 5%

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