Everything You Need To Know About The Ikea Credit Card

Furnishing your home can be an exciting yet expensive endeavor. Ikea’s stylish, affordable furniture makes it a destination for home upgrades and renovations. If you plan to do a lot of shopping at Ikea, using the Ikea credit card can help you earn valuable rewards on your purchases.

Ikea Credit Card

Ikea offers two different credit cards – the Ikea Visa Credit Card and the Ikea Projekt Credit Card. Both offer unique benefits tailored to frequent Ikea shoppers. But which one is right for you?

This post will examine critical facts about Ikea’s credit card options. We’ll compare the rewards structures, benefits, limitations, and other vital details.

About the Ikea Credit Cards

Ikea partners with Comenity Bank to issue two different credit cards offering loyal customers perks. Here is a quick overview of both cards:

Ikea Visa Credit Card

  • 5% back in Ikea rewards on Ikea purchases
  • 3% back on dining, grocery, and utility purchases
  • 1% back on all other purchases
  • No annual fee

Ikea Projekt Credit Card

  • 0% intro APR promotion on Ikea purchases of $500+
  • Store-only card for Ikea purchases
  • No rewards

The Ikea Visa card is a traditional Visa credit card you can use anywhere while earning enhanced Ikea rewards. The Ikea Projekt card offers financing but can only be used at Ikea.

Next, let’s take a deeper look at the rewarding perks and limitations of the Ikea Visa Credit Card.

Key Benefits of the Ikea Visa Credit Card

The Ikea Visa Credit Card stands out for its high earning potential on Ikea purchases and lack of spending caps.

  1. 5% Back in Rewards at Ikea

You’ll earn 5% back in Ikea rewards on all purchases made at Ikea stores and online. This adds up quickly if you regularly shop at Ikea. Perks apply to everything from furniture and home goods to Traemand kitchen installation services.

  1. 3% Back on Dining, Groceries, and Utilities

In addition to the 5% rewards at Ikea, you’ll earn 3% back on dining, utility payments, and grocery store purchases. This bonus cash back helps maximize your everyday spending.

  1. No Spending Caps

Unlike some other credit cards, the Ikea Visa has no quarterly or annual limits on the amount of bonus rewards you can earn. Big spenders can really rack up rewards.

  1. No Annual Fee

The Ikea Visa card has no annual fee, so you can earn rewards year-round without shelling out recurring costs to maintain the card.

If you spend heavily at Ikea, the uncapped 5% back reward on all purchases can really add up over time. Let’s look at the potential limitations to understand completely.

Limitations of the Ikea Card

While the earning potential of the Ikea Visa Credit Card is excellent, there are some definite limitations and drawbacks to note as well.

Ikea Rewards Expire Quickly

Your accumulated Ikea rewards convert to Ikea gift certificates to redeem in-store or online. However, these certificates carry short 90-day expiration dates. If you don’t shop frequently at Ikea, your rewards could expire unused.

No Intro 0% APR Offer

The Ikea Visa card lacks an introductory 0% APR promotion on purchases. This financing offer is common among other rewards cards. If you want to pay off an Ikea purchase over time without interest, this card won’t help.

High Ongoing APR

The ongoing APR is also relatively high at 25.49% variable. This rate kicks in after the intro period on most cards. Make sure to pay your balance in full each month.

Certificates Are Inflexible

Ikea rewards convert to certificates in set $15 increments automatically. You can’t control when certificates issue or their denomination value. This lack of flexibility can cause rewards waste.

While the 5% back earning rate is generous, you have to shop at Ikea frequently to avoid losing rewards to tight expiration dates. Next, let’s look at a secondary option for financing Ikea purchases.

Benefits of the Ikea Projekt Credit Card

The Ikea Projekt Credit Card offers a major perk the Ikea Visa card lacks:

0% Intro APR on Ikea Purchases

When you spend over certain thresholds on the Ikea Projekt card, you get 6 to 24 months to pay off the purchase interest-free. Minimum purchase amounts are:

  • 6 months 0% APR on purchases of $500+
  • 12 months 0% APR on purchases of $1,000+
  • 24 months 0% APR on purchases of $2,500+

If you want to pay for an Ikea purchase over time, this financing offer can save you a lot on interest fees. However, the card can only be used at Ikea, not other stores.

Making the Right Ikea Credit Card Choice

Consider the following factors when deciding which Ikea credit card best suits your needs:

Your Ikea Shopping Frequency

If you shop at Ikea often and can maximize the rewards before expiration, the Ikea Visa card’s 5% back benefit is extremely valuable. Less frequent shoppers may want to pass.

Your Planned Ikea Budget

Will you be spending $500+ on your next trip? The Ikea Projekt card’s intro financing offer helps fund bigger purchases interest-free.

Your General Spending Habits

Do you dine out, buy groceries, and make utility payments frequently? The 3% bonus categories on the Ikea Visa card will compound rewards.

Your Credit Profile

If your credit doesn’t qualify for top rewards cards with better perks, the Ikea Visa card is a solid alternative for earning rewards.

How to Maximize Your Ikea Credit Card Rewards

Here are some tips to make the most of your Ikea credit card:

  • Pay your bill on time – Set up autopay if possible to avoid late fees and interest charges.
  • Pay in full each month – Avoid interest fees by paying off your full statement balance before the due date.
  • Use it for everything at Ikea – From furniture to kitchen installs to checkout impulse buys, use the card for all Ikea spending.
  • Split large purchases – For big trips, put part of the purchase on the Ikea Projekt card for 0% financing and the remainder on the Visa card to earn rewards.
  • Shop Ikea frequently – Maximize your rewards by making regular Ikea purchases to avoid certificate expiration.

How to Apply for an Ikea Credit Card

Both the Ikea Visa Credit Card and Ikea Projekt Credit Card are issued by Comenity Bank. You can apply by:

  • Filling out an application at your local Ikea store
  • Applying online at www.Comenity.net/ikea
  • Calling 1-866-387-6145to apply over the phone

You’ll need to provide basic personal information and consent to a credit check during the application process. Make sure to choose the specific Ikea card you want to apply for.

If approved, you can start using your new Ikea credit card on your next purchase. The card can help you maximize Ikea rewards or finance large purchases over time.

How to Login to Manage Your Ikea Credit Card Account

To login and manage your Ikea credit card account online, follow these steps:

  • Go to www.Comenity.net/ikea
  • Select your card option
  • Click “Log in” in the top right corner
  • Enter your username and password credentials
  • Click “Log in” to access your Ikea credit card account dashboard

Once logged in, you can view your account balance, available credit, recent transactions, statements, make payments, set up autopay, update personal information, and more. Logging in regularly to check your account activity is a smart way to monitor your spending and catch any unauthorized charges.

Making an Ikea Credit Card Payment

When your Ikea credit card bill comes due each month, here are some ways you can submit payment:

  • Pay online – Login to your account and make an electronic payment through your bank account, debit card, or another credit card.
  • Pay by phone – Call the number on the back of your Ikea credit card and follow prompts to make a payment.
  • Pay by mail – Send a check or money order to the payment address printed on your statement.
  • Pay in-store – Make a payment at the register during your next Ikea visit.

Always pay at least the minimum due by the payment due date each month. Paying your statement balance in full helps you avoid interest charges on purchases.

Conclusion on the Ikea Credit Card

The Ikea Visa Credit Card offers lucrative earning potential with 5% back in rewards on all Ikea purchases. Just be sure to shop at Ikea often enough to use certificates before their 90-day expiration.

The Ikea Projekt Credit Card provides 0% intro APR financing on Ikea purchases above certain thresholds. This helps fund major purchases interest-free over 6 to 24 months.

Both cards provide valuable benefits to loyal Ikea customers looking to save on their home furnishing goals.

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