The IKEA Credit Card offers a range of benefits designed for home shoppers looking to stretch their budget further. From earning rewards on everyday purchases to accessing special financing for large projects, there’s something here for every IKEA enthusiast.
Understanding the features, eligibility requirements, interest rates, and application process ensures you’re fully informed before applying.
If you’re curious about how to apply for an IKEA Credit Card and want to access exclusive discounts, this article will guide you step by step.
Understanding the IKEA Credit Card Options
IKEA offers two credit card options to cater to different shopping needs and financial situations.
These include the IKEA Visa® Credit Card and the IKEA Projekt Credit Card, each with its unique benefits. Comenity Capital Bank issues both cards and come with no annual fee, which means you won’t pay extra to keep them active.
Choosing the right card can help you manage your expenses better and take advantage of IKEA’s loyalty rewards.
IKEA Visa® Credit Card Overview
The IKEA Visa® Credit Card is perfect for everyday use, not just IKEA purchases. It offers 5% back in rewards on IKEA purchases, including installation and assembly services.
Additionally, you’ll earn 3% back on dining, groceries, and utility bills, making it a versatile option for your daily needs. For all other purchases, you still get 1% back, so every transaction adds up to savings.
There’s no annual fee, and you can earn a $25 statement credit after making a qualifying purchase of $25 or more on the same day you’re approved. This card is a great choice if you want a reliable rewards program that extends beyond just IKEA.
IKEA Projekt Credit Card Overview
The IKEA Projekt Credit Card focuses on larger home projects and big-ticket items. It’s ideal if you’re planning to furnish multiple rooms or renovate your space.
With this card, you get 0% interest for 6 months on purchases of $500 or more, 12 months for purchases of $1,000 or more, and 24 months for purchases of $2,500 or more.
This card doesn’t have an annual fee, making it a practical option for larger purchases. If you’re remodeling or making a big investment in your home, this card can help you manage costs.
Key Benefits and Exclusive Discounts
Both IKEA credit cards come with valuable perks to enhance your shopping experience.
Cardholders enjoy exclusive offers during IKEA Family sales events, giving them early access to new products and special member discounts.
Make sure you take advantage of these perks to maximize your savings.
Rewards and Points
With the IKEA Visa® Credit Card, rewards are earned on every purchase you make. This means that even when shopping for groceries or paying your utility bills, you’re working toward discounts on future IKEA buys.
The 5% rewards on IKEA purchases help you save significantly, especially during big shopping trips. Points earned can be redeemed as statement credits for IKEA purchases, effectively lowering your overall cost.
This rewards system encourages consistent use of the card, helping you build up savings quickly. It’s an easy way to get more value from your everyday spending.
Special Promotions
Both cards often come with exclusive promotions that give you an edge during sales events. IKEA Family sales, member-only discounts, and early product launches can provide significant savings opportunities.
These promotions change regularly, so it’s wise to stay updated through IKEA’s website or email newsletters. Cardholders sometimes receive bonus rewards or extra discounts during specific campaigns.
Being a cardholder means you’re in the loop for deals that aren’t always available to other shoppers. Taking advantage of these promotions can add up to substantial savings over time.
Interest Rates and Other Charges
Understanding the cost of borrowing helps you make an informed decision.
Knowing the rates helps you plan your payments and avoid unnecessary charges. It also ensures that you stay within your budget while using the card.
IKEA Visa® Credit Card APR
The standard purchase APR is 21.99%, which means you’ll be charged interest on balances you carry past the due date. Balance transfers are subject to an APR of 26.99%, while cash advances carry an APR of 23.99%.
There’s also a minimum interest charge of $3 per billing cycle when interest is due. These rates are typical for retail credit cards. Paying your balance in full each month helps you avoid these charges and manage your credit responsibly.
IKEA Projekt Credit Card APR
The IKEA Projekt Credit Card offers special financing terms for large purchases. During the promotional period, you can enjoy 0% interest on qualifying purchases.
After the promotional period ends, the standard APR of 21.99% applies. It’s important to plan your payments so you can pay off the balance before interest accrues.
Late payments could void the promotional rate and add extra fees. Reading the cardholder agreement helps you understand the fine print.
Additional Fees
Both cards may charge fees for late or returned payments. Late payment fees can add up if you’re not careful, so setting up autopay or reminders can help.
A returned payment fee might apply if your payment bounces. Always review your statement each month to avoid surprises. Staying on top of payments helps maintain a healthy credit score.
Eligibility Requirements
Meeting the eligibility requirements is key to a successful application.
Having these factors in place helps speed up the application process and increases the likelihood of approval.
Age and Residency
You must be a legal adult, at least 18 years old, to apply for either IKEA credit card. Additionally, you need a valid U.S. residential address, as the card is not available to international applicants.
This ensures that IKEA can contact you if needed and deliver your card to your home address. It also helps them comply with banking and credit regulations in the United States.
Creditworthiness
A fair to good credit score typically increases your chances of being approved. Lenders look at your credit history, income, and debt levels to assess your ability to repay.
A history of responsible credit use—like on-time payments—can work in your favor. Too much existing debt or missed payments could reduce your approval odds.
Always check your credit report before applying to spot any issues that could affect your eligibility.
Identification
A government-issued photo ID is a basic requirement for the application process. This can be a driver’s license, passport, or state ID, and it helps verify your identity. Having your ID handy also helps prevent application delays.
The information on your ID must match the information you enter on your application. This helps IKEA confirm that you are who you say you are. Having a valid ID is an essential step in the process.
Required Documents
Being prepared with the right documents helps the process go smoothly. It ensures that your application is processed quickly and accurately.
Having all the necessary paperwork on hand reduces the risk of missing information. It also shows lenders that you’re organized and serious about managing your credit.
Proof of Identity
You’ll need a government-issued photo ID to verify your identity. This can be a driver’s license, state ID, or passport.
Make sure it’s current and not expired. Matching the address on your ID to the address on your application can help avoid processing delays. This step is crucial for protecting against fraud and ensuring compliance with banking regulations.
Proof of Income
Your income helps lenders determine your ability to repay the card balance. Pay stubs, bank statements, or recent tax documents can be used as proof. It’s important to have these documents available and up to date.
Accurate income information improves your chances of approval. Lenders need to know that you can handle the financial responsibility that comes with a credit card.
Social Security Number
Your Social Security number is necessary for a credit check and identity verification. It helps the bank evaluate your creditworthiness.
Make sure you enter it correctly on the application form. An incorrect SSN can delay or even prevent approval. Always double-check before submitting your application.
How to Apply Online for an IKEA Credit Card
Applying online is quick and convenient, saving you time. Start by visiting the IKEA website and navigating to the credit card section.
Here’s how you can apply for an IKEA Credit Card.
Start the Application
Go to the IKEA website and locate the credit card application page. Take time to read through the different card options and their benefits.
Make sure you understand the terms and choose the card that best matches your spending habits. Clicking “Apply Now” takes you to the secure application form.
Complete the Form
Enter all required personal details, including your name, address, and Social Security number. You’ll also need to provide financial information like income and housing costs. Double-check your entries for accuracy.
Errors can delay the approval process. Submitting complete and accurate information helps ensure a smooth application.
Submit and Wait for Approval
Once you submit your application, the bank will review your creditworthiness. Most applicants receive an immediate decision, but some may need to provide more information.
If approved, you’ll receive your new IKEA Credit Card by mail in 7–14 business days. Make sure to read your approval email carefully for instructions. Once your card arrives, activate it and start enjoying the rewards and discounts.
Receive Your Card
After approval, your card is printed and mailed to the address you provided. This usually takes about 7–14 days. You’ll receive instructions on how to activate it.
Once activated, you can start using it for IKEA purchases and everyday spending. Having your card ready means you can take advantage of the benefits right away.
Contact Details
If you need assistance with your IKEA Visa® Credit Card, you can reach customer service by calling 1-866-387-6145. Customer service is open from 8:00 AM to 11:00 PM (ET) every day of the week. You can also check their main office located at Comenity Capital Bank, 12921 South Vista Station Boulevard, Draper, UT 84020.
Conclusion
Applying for an IKEA Credit Card gives you the tools to save money and enjoy exclusive perks. Choose the card that fits your needs and apply online with confidence. Start enjoying the discounts, rewards, and flexible financing that make IKEA shopping even better.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
