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IKEA® Visa® Credit Card: A Must-Have Card for IKEA Shoppers

IKEA® Visa® Credit Card: A Must-Have Card for IKEA Shoppers

A great card for earning rewards, however they can only be used for IKEA purchases.
Editor's Rating: 4.0/5.0

Editor's Rating

4.0/5.0

The IKEA® Visa® Credit Card offers excellent rewards for IKEA purchases as well as restaurant, grocery and utility purchases. One caveat, however, is that the rewards the IKEA® Visa® Credit Card earns can only be used for IKEA purchases and expire 45 days after being issued. This limits the usefulness of this card to those who don't shop at IKEA often.

Review: Our Thoughts on the IKEA® Visa® Credit Card

Casual IKEA shoppers—who might only visit a few times per year—will likely have a difficult time fully utilizing the rewards that the IKEA® Visa® Credit Card offers. Unlike typical cash back credit cards—which allow you to use your rewards as a statement credit—the IKEA® Visa® Credit Card only lets customers use their rewards toward IKEA purchases. Furthermore, Reward Certificates are issued automatically (in $15 increments) and expire after 45 days.

As long as you can deal with the above, the IKEA® Visa® Credit Card provides excellent rewards for IKEA purchases and also comes with valuable perks. Not only is the 5% rewards rate for IKEA purchases extremely high for a card with no annual fee, but the free delivery for in-store IKEA purchases can be worth as much as $59 each use. This card is worth considering for the free delivery benefit alone.

One mark against this card is that it has a fairly high APR of 21.99%. This is much higher than the average interest rate—which is around 15%. Those looking for a way to finance IKEA purchases may want to consider the IKEA Projekt Credit Card, which is a store card—meaning it can only be used at IKEA. This card offers 4.99% APR financing for 60 months on purchases of $5,000 or more.

Bottom Line: The IKEA® Visa® Credit Card is great for IKEA purchases, though its restrictive rewards structure make it difficult to recommend to those that visit the store infrequently. For more flexible rewards with no annual fee, consider a cash back credit card such as the Citi® Double Cash Card.

IKEA® Visa® Credit Card Benefits and Features

Cardholders can earn IKEA Reward Dollars for using their IKEA® Visa® Credit Card to make purchases at a rate of 5% for IKEA purchases, Traemand installation services and TaskRabbit assembly services; 3% for dining, grocery and utility purchases; and 1% for all other purchases. The rewards come in the form of $15 IKEA Reward Certificates that are automatically issued on a monthly basis whenever the cardholder amasses at least 15 Reward Dollars. IKEA Reward Certificates can be redeemed at U.S. IKEA stores and on IKEA.com, and they expire 45 days after they are issued.

IKEA® Visa® Credit Card
Annual Fee
No Annual Fee
Purchase APR
21.99%
Credit Needed N/A
Details
  • Earn 5% back in rewards on IKEA purchases as well as Traemand installation and TaskRabbit assembly services.
  • Earn 3% back in rewards on dining, grocery and utility purchases.
  • Earn 1% back in rewards on all other purchases.
  • $25 off your first IKEA purchase when you open and use your card the same day.
  • Free standard shipping & delivery on in-store IKEA purchases now through 8/31/18. Delivery area limitations apply and vary based on store location of purchase.
  • 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.

IKEA shoppers who open and use a IKEA® Visa® Credit Card on the same day can get $25 off their first IKEA purchase. Additionally, cardholders can earn a $25 IKEA Reward Certificate when they spend $500—not including IKEA, Traemand and TaskRabbit purchases. This is a decent bonus for a no-annual-fee card. However, other cards offer better bonuses, such as the Chase Freedom®, which features a $150 bonus for making $500 in purchases within three months of account opening.

The IKEA® Visa® Credit Card also features free shipping and delivery on in-store IKEA purchases through Aug. 31, 2018. However, IKEA may limit when you can receive this benefit based on the purchase location. This can be an incredibly valuable benefit considering IKEA typically charges $29 to $59 for large-item deliveries.

How Does the IKEA® Visa® Credit Card Compare to Other Credit Cards?

Here at ValuePenguin, we always recommend you comparison shop when looking for credit cards. Without doing so, it's almost impossible to know whether a card is the best fit for you and your spending habits. Below, we have compared the IKEA® Visa® Credit Card to some of our favorite cash back credit cards.

IKEA® Visa® Credit Card vs Chase Freedom®

The Chase Freedom® is one of our favorite cash back credit cards because of its ability to earn lots of cash back on a variety of purchases. Unlike the IKEA® Visa® Credit Card, which only offers 5% cash back on IKEA purchases, the Chase Freedom® features a bonus category every quarter. For spending in the bonus category, cardholders can earn 5% cash back for the first $1,500 they spend. Furthermore, with the IKEA® Visa® Credit Card, you don't have to worry about rewards expiring, as cash back rewards do not expire as long as your account is open.

For short-term rewards, the Chase Freedom® is far better than the IKEA® Visa® Credit Card. The Chase Freedom® features a bonus of $150 for customers who make $500 in purchases. This is the same level of spending that is required to get the IKEA® Visa® Credit Card's $25 IKEA Reward Certificate, though it's worth six times as much.

Highlights:

  • Earn 5% cash back in rotating categories on up to $1,500 in purchases each quarter, and earn 1% back on all other purchases.
  • Earn a $150 cash back bonus for making $500 in purchases within three months of account opening.
  • Pay no annual fee.
  • Chase Freedom® Full Review

IKEA® Visa® Credit Card vs Citi® Double Cash Card

Citi® Double Cash Card
This card is not available through ValuePenguin.

While the Citi® Double Cash Card cannot match the 5% rewards rate on IKEA purchases, its excellent rewards rate on all other purchases makes it one of our favorite cash back cards. For spending that does not fall into the IKEA® Visa® Credit Card's 5% or 3% back categories, the Citi® Double Cash Card is effectively twice as valuable as the IKEA® Visa® Credit Card. Cardholders of the Citi® Double Cash Card earn 1% cash back on purchases and another 1% when they pay off their balances.

Based on average consumer expenditures, you can expect to earn roughly the same amount of rewards with both cards. The difference is that the Citi® Double Cash Card's rewards can be applied to any purchases, while the IKEA® Visa® Credit Card's rewards must be used at IKEA.

Highlights:

IKEA® Visa® Credit Card vs Amazon Prime Rewards Visa Signature Card

Amazon Prime members should consider the Amazon Prime Rewards Visa Signature Card as a more versatile alternative to the IKEA® Visa® Credit Card. The Amazon Prime Rewards Visa Signature Card lets cardholders earn 5% cash back on Amazon.com and Whole Foods purchases; 2% cash back at restaurants, gas stations and drugstores; and 1% cash back on all other purchases. Furthermore, its rewards function as a typical cash back credit card—meaning they can be applied to all purchases—as opposed to the IKEA® Visa® Credit Card which restricts rewards redemption to IKEA purchases.

Consumers should keep in mind that—while the Amazon Prime Rewards Visa Signature Card doesn't have an annual fee—it is only available to Amazon Prime members, which costs $119 per year. Those who aren't current Amazon Prime members shouldn't consider joining just for the sake of getting the Amazon Prime Rewards Visa Signature Card, as it likely won't be worth it for that reason alone.

Highlights:

  • Earn 5% cash back on Amazon.com and Whole Foods purchases; 2% back at restaurants, gas stations and drugstores; and 1% back on all other purchases.
  • Only available to Amazon Prime members.
  • Get a $70 Amazon.com gift card once approved.
  • Amazon Prime Rewards Visa Signature Card Review

Comparison Tool

Use our comparison tool below to see if the IKEA® Visa® Credit Card is right for you.

Assumptions Based On Monthly Spend of: $1,430 Edit
General:
U.S. Gas Stations:
U.S. Supermarkets:
Airlines:
Hotel:
U.S. Restaurants:
Office:
Utilities:
Computing:
Card Annual Fee 2-yr Net Rewards Rate

The Net Rewards Rate is equal to the Rewards Value over two years divided by the total spending. The total spending is equal to the values entered into the tool and multiplied by 24 months. See the rewards Value note to see details on how it is calculated.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. All estimates are based on the spend assumptions entered above (which you can edit).

Bonus Value

The bonus field shows our estimate for the value of the card’s welcome bonus. If the bonus is point or mile based, we multiply the total bonus points/miles by our estimate for their value to arrive at a dollar equivalent. We display $0 if there is no bonus or if the user doesn’t qualify for the bonus based on the current spending entered into the tool. All estimates are based on the spend assumptions entered above (which you can edit).

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

2-yr Rewards Value

The Rewards value is calculated by adding together the rewards earned from charging purchases to the card over two years and any welcome bonuses (if applicable). They are then multiplied by our estimated point/mile value, with any annual fees (if applicable) subtracted. All values are based on our own estimates for the dollar value of any points, miles or bonuses earned using a card and on the spend assumptions entered above (which you can edit).

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

IKEA® Visa® Credit Card
No Annual Fee 1.86%
$25
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.
$637
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 61,200 x $0.01 = $612
Bonuses
0 x $0.01 = $25
Total Net Estimated Rewards Through 24 Months 637

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 21.99%

Card Details

  • Earn 5% back in rewards on IKEA purchases as well as Traemand installation and TaskRabbit assembly services.
  • Earn 3% back in rewards on dining, grocery and utility purchases.
  • Earn 1% back in rewards on all other purchases.
  • $25 off your first IKEA purchase when you open and use your card the same day.
  • Free standard shipping & delivery on in-store IKEA purchases now through 8/31/18. Delivery area limitations apply and vary based on store location of purchase.
  • 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.
Amazon Prime Rewards Visa Signature Card
No Annual Fee 1.50%
$70
$70 Amazon.com Gift Card instantly upon credit card approval
$516
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 44,640 x $0.01 = $446
Bonuses
0 x $0.01 = $70
Total Net Estimated Rewards Through 24 Months 516

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee No Annual Fee
APR 14.74% to 22.74% Variable

Card Details

  • Exclusively for customers with an eligible Prime membership
  • $70 Amazon.com Gift Card instantly upon credit card approval
  • 5% back at Amazon
  • 2% back at gas stations, restaurants and drugstores
  • 1% back on all other purchases
  • No foreign transaction fees
Chase Freedom®
$0 1.44%
$150
Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
$493
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 343 x $1 = $343
Bonuses
0 x $1 = $150
Total Net Estimated Rewards Through 24 Months 493

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $0
APR 16.74% - 25.49% Variable

Card Details

  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee

Comments and Questions

Opinions, analyses, reviews, or recommendations expressed here are the author's alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer's Affiliate Program. For a full list of our advertisers see our disclosure page

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website.

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Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products. For more information please see our Advertiser Disclosure.