IKEA Visa logo

IKEA Visa Credit Card Review: BiggerPockets Review

These companies are not responsible for any reviews posted on the website, nor do they endorse or guarantee any posted comments or reviews. Reviews should not be relied upon as the sole basis for choosing a financial product. Read our editorial guidelines for reviews.

The IKEA Visa card is a credit card designed for loyal IKEA customers and backed by Comenity Capital Bank. IKEA Visa cardholders earn rewards of up to five percent back on qualified purchases—although those rewards are realized in the form of Rewards Certificates, which can be redeemed on future IKEA purchases.

Real estate investors may benefit from the IKEA Visa card’s high reward percentage if they intend to make a series of larger purchases at IKEA. IKEA’s line of kitchen remodeling products are popular among landlords and flippers, and their furniture might be used in vacation rental properties. Paying for such purchases using the IKEA Visa card could be a good way to discount these capital investment costs. Investors who intend to make multiple purchases over a series of months would be best suited to take advantage of the automatic Reward Certificate program.  

Quick facts

  • Generous five percent reward benefit on IKEA purchases
  • Rewards automatically sent in $15 increments
  • Use Rewards Certificates in IKEA stores or online
  • $25 sign-up bonus and additional $25 initial spending incentive 
  • Includes auto rental protection

When signing up for the IKEA Visa card, customers receive $25 off their first IKEA purchase—which must be used on the same day. This same-day policy indicates that it’s beneficial to either sign up in the store or have a specific online purchase in mind when applying.
In addition, the IKEA Visa card offers an extra $25 in rewards after customers spend $500 in non-IKEA purchases within the first 90 days. Bonuses are subject to credit approval.

Though not explicitly specified by the company, reports indicate that a credit score of 670 or higher increases an applicant’s chances of acceptance by IKEA Visa. 

The stats

  • APR: 21.99 percent on purchases, 26.99 percent on balance transfers, 23.99 percent on cash advances
  • Annual fee: None
  • Balance transfer fee: $10 or five percent of the transfer, whichever is greater
  • Cash advance fee: $10 or five percent of the transfer, whichever is greater 
  • Foreign transaction fee: None

The rewards 

The IKEA Visa card allows customers to earn reward dollars toward future IKEA purchases.  Every dollar spent on the IKEA Visa card earns rewards in the following percentages:  

  • Five percent back on IKEA purchases, including installation and assembly services 
  • Three percent back on dining, grocery, and utility expenses 
  • One percent back on everything else
Once cardholders accumulate $15 in rewards, they are automatically sent a $15 IKEA Reward Certificate which can be used in IKEA stores or at IKEA.com. It typically takes one to two weeks after qualifying purchases are made for rewards to be posted. 

Rewards are not granted for balance transfer or cash advance amounts. In addition, small print specifies that rewards cannot be earned on business purchases—so real estate investors should be advised accordingly.    

Reward Certificates expire 45 days after issuance and may only be used for a single purchase. Any unused portion of the certificate is void, and the IKEA Visa card must be used for any remaining purchase balance after the Reward Certificate is used. 

Pros and cons 


  • High reward yield on IKEA purchases
  • Automatic Reward Certificate issuance
  • Easy same-day application
  • Sign on and initial spending bonuses
  • No annual fee


  • Reward Certificates expire in 45 days
  • Rewards can only be used at IKEA
  • Reward Certificates are only issued at the $15 mark (any less could be lost if not redeemed within 36 months)
  • High APR and no introductory rate. 

Our editorial team’s recommendations are a result of their independent and vigorous research. Our writers and editors are never made aware of which companies have established partnerships with our business team prior to writing their reviews.