Review
Updated
Fact Checked
Eric McWhinnie
If you regularly shop at IKEA, you may be eyeing the IKEA® Visa® Credit Card. This $0 annual fee rewards credit card earns 1% to 5% in rewards, depending on where you shop -- in-store and online IKEA purchases earn the most at 5% back in rewards. And new cardmembers who meet the spending requirements can earn up to $50 in bonus rewards. Read our IKEA® Visa® Credit Card review to decide if the card is a good fit for you.
IKEA® Visa® Credit Card
Rating image, 3.00 out of 5 stars.
3.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 3.00 out of 5 stars.
3.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Best
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= Excellent
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= Good
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= Fair
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Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Fair (300-669)
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
21.99%
Rewards 5% Reward Dollars for purchases made at U.S. IKEA stores, 3% Reward Dollars for purchases made at qualifying dining locations, grocery stores, and utilities, 1% Reward Dollars for purchases everywhere else Visa is accepted.
1% - 5% back
Annual Fee
$0
Welcome Offer $25 bonus IKEA rewards dollars after spending at least $500 outside of IKEA, Traemand, and TaskRabbit in the first 90 days. Earn an additional $25 after approval and making a same-day qualifying IKEA purchase of $25 or more.
Up to $50
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A clear standout for frequent IKEA shoppers, but the low-value bonus offer and limited uses outside of IKEA don't make it a great fit for most credit cardholders.
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- No annual fee
- Earns up to 5% back in rewards
- Automatic enrollment in IKEA family membership
- Sign-up bonus
- Reward certificates redeemable in-store and online
- Low-value welcome offer
- Reward certificates are issued in $15 increments
- Reward certificates expire quickly
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- 5% Reward Dollars for purchases made at U.S. IKEA stores
- 3% Reward Dollars for purchases made at qualifying dining locations, grocery stores, and utilities
- 1% Reward Dollars for purchases everywhere else Visa is accepted.
- No annual fee
Credit card comparison
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
| Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
|---|---|---|---|---|---|
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Discover will match all the cash back you’ve earned at the end of your first year. N/A | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 17.24% - 28.24% Variable APR |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Up to $300 cash back Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases. | 1.5% - 5% cash back Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases |
Intro: 0% Intro APR on Purchases and Balance Transfers for 15 months Purchases: 0% Intro APR on Purchases, 15 months Balance Transfers: 0% Intro APR on Balance Transfers, 15 months Regular: 20.49% - 29.24% Variable |
Apply Now for Chase Freedom Unlimited®
On Chase's Secure Website. |
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Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
75,000 bonus points Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠. | 5x on travel purchased through Chase Travel℠, 3x on dining and 2x on all other travel purchases Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. |
Intro: N/A Purchases: N/A Balance Transfers: N/A Regular: 21.49%-28.49% Variable |
Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
Full IKEA® Visa Credit Card review
This credit card is a good fit for: Frequent IKEA shoppers who want to earn rewards on their spending without paying an annual fee.
Top perks
Here are the most notable benefits of the IKEA® Visa® Credit Card.
No annual fee
The IKEA® Visa® Credit Card does not charge an annual fee. Not all cards without a yearly fee earn rewards, but this one does.
READ MORE: Best No Annual Fee Credit Cards
Earns up to 5% back in rewards
With this card, you can earn up to 5% back in rewards. Here's a look at how you can earn rewards:
- 5% back in rewards on IKEA purchases
- 5% back in rewards on Traemand installation services
- 5% back in rewards on TaskRabbit assembly services
- 3% back in rewards on dining, grocery store, and utility purchases
- 1% back in rewards on purchases outside of these categories
Your earning potential is unlimited. You'll earn rewards dollars as you spend, and your rewards will be sent to you as rewards certificates, which are issued in $15 increments.
LEARN MORE: Best Cash Back Credit Cards
Automatic enrollment in IKEA Family membership program
IKEA® Visa® Credit Card cardholders will automatically be enrolled in the IKEA Family membership program. This free membership program offers perks like product discounts and complimentary coffee and tea when visiting the store.
Up to $50 IKEA bonus rewards offer
As a new cardholder, you can earn up to $50 in bonus rewards. Here's a breakdown of how you can earn these bonus rewards:
- Earn $25 in bonus rewards if your online application is approved and you make a same-day qualifying IKEA purchase of $25 or more online or in store.
- Earn $25 in bonus rewards after meeting the minimum spend with your IKEA® Visa® Credit Card. You'll need to spend at least $500 outside of IKEA, Traemand, and TaskRabbit within 90 days of account opening.
You can use your reward certificates to shop with IKEA in store or online. Even if you don't have an IKEA near you, you can use your certificates online. Keep in mind that IKEA shipping charges can be costly.
READ MORE: Best Store Credit Cards
What could be improved
While this card offers some nice benefits, there are some issues worth noting.
Low-value welcome offer
While the IKEA® Visa® Credit Card provides an IKEA bonus rewards offer of up to $50 for new cardmembers, the sign-up offer is of low value. Other credit cards offer more valuable sign-up bonuses to new cardmembers.
Plus, you'll need to meet the spending requirements to earn the bonus rewards. You'll need to make a same-day $25 IKEA purchase once approved and spend at least $500 outside of IKEA, Traemand, and TaskRabbit within 90 days of account ownership.
Reward certificates are issued in $15 increments
As you earn rewards dollars, you'll be sent rewards certificates in $15 increments. That means if you've earned $25 in rewards, you'll be sent a $15 certificate and then will have to wait until you earn at least $5 more in rewards before you receive another $15 rewards certificate.
Reward certificates expire quickly
Once you earn rewards certificates, you'll want to use them quickly. Rewards certificates expire 90 days from the issue date. It's important to be aware of this so your rewards don't go to waste.
Suggested credit score
This credit card is intended for consumers with fair to good credit. Applicants will have a better chance of securing approval for the IKEA® Visa® Credit Card with a FICO® Score of 580 or higher. Other factors are also considered, such as income and current debt. It's possible to get approved with a lower credit score -- or be denied with a higher score.
The IKEA® Visa Credit Card is right for you if:
If you're an IKEA loyalist and want to earn rewards for shopping with IKEA, this credit card might be a good option. If the following statements apply, consider applying for the IKEA® Visa® Credit Card:
- You like IKEA and shop in store or online often
- You want to earn rewards on your IKEA spending
- You find IKEA rewards certificates to be beneficial
- You're looking for a credit card with no annual fee
- You'll be able to meet the required spending to earn the bonus rewards
If you're not a big IKEA shopper or you're looking for a rewards card with a more valuable sign-up bonus offer and more card perks, the IKEA® Visa® Credit Card probably isn't the right fit for you. Check out our picks for other great rewards credit cards to see if you can find a better fit.
Our credit card methodology
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
FAQs
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The main difference is that you can use the IKEA® Visa® Credit Card anywhere Visa cards are accepted, whereas the IKEA Projekt Card is a closed-loop store card that you can only use at IKEA.
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The IKEA® Visa® Credit Card is issued by Comenity Capital Bank.
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Yes, but the balance transfer APR is 26.99% with no temporary interest-free period, so it’s unlikely that using the IKEA® Visa® Credit Card for a balance transfer would save you money on interest. Many credit cards offer a temporary 0% APR of 12 to 21 months for balance transfers.
Our Credit Cards Experts
Natasha has been a freelance writer since 2015. She specializes in credit card and credit card rewards content. When not busy writing, she's either dreaming up her next credit card rewards redemption or traveling the globe. Her goal is to encourage more people to experience the world around them while making smart financial choices.
Robin Hartill, CFP®, is a personal finance writer and editor whose work frequently appears in various national publications. She wrote the syndicated “Dear Penny” financial advice column for four years.
Fact Checked
Eric McWhinnie
Eric McWhinnie has been writing and editing digital content since 2010. He specializes in personal finance and investing. He also holds a bachelor’s degree in Finance.
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