IKEA offers two main credit card options: the IKEA Visa credit card and the IKEA Projekt credit card. Each card has its advantages and is designed for different types of purchases. Let’s look at the benefits of each card.
The IKEA Visa credit card can be used not only at IKEA stores but also anywhere that accepts Visa. This means you can earn rewards on every everyday purchase, no matter where you shop. Comenity Capital Bank issues the IKEA Visa credit cards. They have a license from Visa U.S.A. Inc. Approval depends on a creditworthiness evaluation.
One great feature of the IKEA Visa credit card is its rewards program. You can earn 5% back in rewards for purchases at any IKEA store in the United States. For dining, grocery, and utility purchases, you can earn 3% back in rewards. And for any non-IKEA purchase, you’ll get 1% back in rewards.
Another advantage of the IKEA Visa credit card is that it doesn’t have an annual fee. So you can enjoy all its benefits without any extra costs.
If you want to buy big things and need payment flexibility, the IKEA Visa credit card has interest-free periods. If your purchase is over $500, you can benefit from 0% interest for six months. For purchases over $1,000, you get 12 months of interest-free payments. And if your purchase is over $2,500, you can enjoy an extended 24-month interest-free period. This allows you to spread out your payments without paying any extra interest.
On the other hand, the IKEA Projekt card is specifically designed for financing larger purchases at IKEA stores and online. Like the IKEA Visa credit card, it doesn’t have an annual fee.
The standout feature of the IKEA Projekt card is its promotional financing options. With this card, if you buy something for over $500, you get 0% interest for six months. If you buy something over $1,000, you get 0% interest for 12 months. And if you buy something for over $2,500, you get 0% interest for 24 months. This lets you make big purchases and pay them off over time without any interest charges.
However, after the initial 24-month period, a purchase annual percentage rate (APR) of 21.99% will apply to any remaining balance. So it’s wise to plan your payments accordingly to make the most of the interest-free interval.
When deciding between the IKEA Visa credit card and the IKEA Projekt credit card, it all comes down to what you need and like. The IKEA Visa credit card is a better choice if you want a card that rewards everyday purchases and can be used anywhere. But if you’re mainly interested in financing larger purchases at IKEA, then the IKEA Projekt credit card may be more suitable.
How to Apply and Qualify for an IKEA Credit Card: A Step-by-Step Guide
Credit cards are important for safe and convenient transactions in today’s digital era. IKEA, a trusted retailer, offers customers the option to have an IKEA credit card. This article is a guide on how to apply for an IKEA credit card online and the requirements for credit approval.
Here are the steps to apply for an IKEA credit card:
1. Visit the official IKEA website: Go to www.ikea.com and find the credit card section. You will get all the necessary information about the available credit options.
2. Choose your card type: IKEA offers two types of credit cards – the IKEA Visa credit card and the IKEA Projekt credit card. Take time to compare their features and benefits to decide which one suits you best.
3. Access the application form: Once you have chosen a credit card, click on the “Learn more and apply online” link in that section. You will be taken to a secure page with the official application form.
4. Fill out the form: Complete all sections of the application form with your details, income information, and employment history. This information decides if you meet the eligibility criteria.
5. Submit your application: Before submitting your application, review all the information you entered. After submission, wait for a decision from IKEA’s financial partners about your eligibility.
6. Receive your credit card: If your application is approved, congratulations! Your new IKEA credit card will be delivered by mail within 7-10 business days.
To have the best chance of approval for an IKEA Visa credit card, many reports recommend a credit score of 670 or higher. This card offers rewards like 5% back on IKEA USA purchases, 3% back on dining, grocery, and utility purchases, and 1% cashback on all other transactions. Once approved, you become a member of the IKEA Family Loyalty Program.
The IKEA Projekt credit card is great for larger purchases at IKEA and offers 0% interest financing for specific periods. The length of interest-free financing depends on the purchase amount, either 6, 12, or 24 months. For example, a $500 minimum purchase qualifies for a 6-month plan, while a $2,500 purchase qualifies for a longer-term plan. Remember, the IKEA Projekt Credit Card can only be used at IKEA USA stores.
FAQ about IKEA Credit Cards
What Are IKEA Credit Cards?
IKEA credit cards are offered in two types: the IKEA Visa credit card and the IKEA Projekt credit card. Each card provides unique benefits. Cards are designed for different shopping needs.
What Credit Score Is Needed for IKEA Cards?
For the IKEA Visa credit card, a credit score of 670 or higher is recommended for better approval chances. The credit score requirements may vary. It depends on the evaluation done by IKEA’s financial partners.
Is IKEA Credit Card Free?
Yes, both the IKEA Visa credit card and the IKEA Projekt credit card do not have an annual fee. This means you can enjoy the benefits of these cards without any additional costs or charges.
What Bank Issues IKEA Cards?
Both the IKEA Visa credit card and the IKEA Projekt credit card are issued by Comenity Capital Bank. The bank handles the issuance and management of IKEA credit cards. It ensures smooth and efficient services for cardholders.
IKEA provides two credit card options: the IKEA Visa credit card and the IKEA Projekt card. Each card has unique benefits and features to enhance your shopping experience. The IKEA Visa credit card rewards customers for everyday purchases. Customers get 5% back on all IKEA purchases, 3% back on dining, grocery, and utility purchases, and 1% back on all other purchases. It also offers special financing options for qualifying purchases.
The IKEA Projekt card is designed for larger purchases at IKEA. It offers promotional financing with 0% interest for a specific time based on the purchase amount. Both cards have advantages and should be considered based on individual needs and preferences. They require credit approval and are issued by Comenity Capital Bank. With these IKEA credit cards, you can earn rewards on everyday purchases and finance larger projects. They also offer valuable benefits for furniture shopping