IKEA Launches a New Rewards Credit Card

IKEA Launches a New Rewards Credit Card

May 15, 2018         Written By Lynn Oldshue

Today, IKEA is launching a new loyalty rewards card that can be used in store and on everyday transactions. The IKEA Visa Credit Card provides 5% back on IKEA purchases, as well as 3% back on dining, utilities, and groceries. All other purchases earn 1% back.

The rewards program is set up like a cashback credit card, but the ‘cash’ can only be used toward IKEA purchases. If someone spends $100 at IKEA, he earns $5 in IKEA credit. Spend $100 on groceries at Whole Foods and get $3 in IKEA credit.

Featured Prepaid Card

Top Features:

No late fees or interest charges because this is not a credit card it is a prepaid card.

Additional perks include: $25 off the first IKEA purchase made with the card, free shipping and delivery for card transactions through August 31, and $25 in bonus rewards after spending $500 on the card outside of IKEA in the first 90 days. Interested applicants can apply for the IKEA credit card on the store’s website. There is no annual fee for the card, but like a number of retail credit cards, it does carry a high APR: 21.99%.

“The IKEA Visa card can be added into mobile wallets and used at merchants where contactless payment is accepted,” said Janice Simonsen of IKEA.

This credit card is part of a much larger plan for the store. IKEA is working to provide more affordable financing options for home remodeling projects and home furnishings. The company launched the IKEA Projekt Card in February. This is a 60-month special financing solution for costly renovations, such as kitchen and bathroom renovations. They also lowered their shipping prices and created a new “Click & Collect” online order program.

IKEA has 47 locations in the United States and stores in 28 other countries.

The information contained within this article was accurate as of May 15, 2018. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

Review LowCards.com Editor’s Top Cards!

2020 Top Credit Cards by Category
Featured Prepaid Card
NetSpend® Visa® Prepaid Card
EDITOR RATING
Featured Prepaid Card
NetSpend® Visa® Prepaid Card

Applying for this card will securely direct you to the issuer's website.

Top Features: No late fees or interest charges because this is not a credit card it is a prepaid card. 

Featured Secured Card
Assent Platinum 0% Intro Rate Mastercard Secured Credit Card
EDITOR RATING
Featured Secured Card
Assent Platinum 0% Intro Rate Mastercard Secured Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: Intro APR Offer on Purchases, No Annual Fee For First Year

Featured Fair Credit Card
Reflex Mastercard® Credit Card
EDITOR RATING
Featured Fair Credit Card
Reflex Mastercard® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: All credit types welcome to apply!

Featured Bad Credit Card
First Digital NextGen Mastercard® Credit Card
EDITOR RATING
Featured Bad Credit Card
First Digital NextGen Mastercard® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: Reports to all three credit bureaus, perfect credit not required for approval


lynn-oldshue

About Lynn Oldshue

Lynn Oldshue has written personal finance stories for LowCards.com for twelve years. She majored in public relations at Mississippi State University.