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  7. Does IKEA Have a Credit Card in 2022?

Does IKEA Have a Credit Card in 2022?

  • By Jenna Gleespen
  • Aug 09, 2022
does ikea have a credit card

IKEA is the largest furniture retailer in the world, so naturally, almost everyone has thought about shopping there at some point. But customers would like to know: does IKEA have a credit card that offers discounts, rewards, or easy payment terms. Let’s check it out.

Does IKEA Have a Credit Card?

Yes, IKEA has two credit cards for its customers, the IKEA Projekt Credit Card and the IKEA Visa Credit Card. Both offer several benefits for users, such as no annual fees and zero liability. 

The Projekt Card is for customers who buy in bulk from IKEA, whereas the IKEA Visa Credit Card is for regular customers.

Does IKEA Have a Credit Card

So if you have bought a new home and want to furnish it, the IKEA Projekt Credit Card might be a good idea. 

If you just want to buy that fancy table you have been eyeing, and get some discount on it, then the IKEA Visa Credit Card is the right option.

You also get enrollment in the IKEA loyalty program when you get any of the two credit cards for yourself.

What Is the IKEA Credit Card Called? 

There are two credit cards from IKEA: IKEA Visa Credit Card and IKEA Projekt Credit Card. The IKEA Visa Credit Card is the more popular one among everyday customers. 

Does IKEA Have a Credit Card

It offers several rewards, cash back, and other enticements for customers who frequent IKEA stores.

IKEA Projekt Credit Card offers 0% APR programs (for a limited time, only for new customers) for high-value purchases of more than $500.

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How Does the IKEA Card Work?

The IKEA Visa Credit Card is like any other store credit card, whereas the IKEA Projekt card is meant for financing your purchases.

If you are looking to buy a large number of products or some expensive items from IKEA, the Projekt Card offers 0% APR options.

If you want discounts and reward points, loyalty bonuses, and cashback, then the IKEA Visa Card is the one you should choose. 

IKEA Visa Credit Card

The Visa card has many great reward benefits for regular IKEA customers. 

New cardholders also get an IKEA Credit Card promotion offer: you get an instant $25 off on your first IKEA purchase > $25 or more on approval.

does IKEA have a credit card

Here are some more rewards for the IKEA Visa Credit Card:

  • 5% reward dollars back on IKEA purchases, installation, and assembly
  • 3% reward dollars back on dining, grocery, and utility purchases
  • 1% reward dollars back on all other purchases
  • $25 IKEA Rewards Dollars on qualifying purchases of >$500 outside IKEA
  • No annual fees
  • No liability in case of theft or fraudulent use
  • Automatic IKEA Family loyalty program enrollment

There are a few terms and conditions to these benefits, which you can read on the IKEA website.

Reward Dollars are credited to your account in two billing cycles, and you will get them as reward certificates in increments of $15.

Each $15 in reward dollars will get you $15 in reward certificates. These certificates are redeemable only on IKEA stores and the IKEA website.

You can make your IKEA Credit Card payments at Comenity’s EasyPay application.

IKEA Projekt Credit Card

The Projekt Credit Card offers the following benefits to users:

  • 0% APR up to 6 months on purchases less the $500
  • 0% APR up to 12 months on purchases less the $1,000
  • 0% APR up to 24 months on purchases less the $2,500
  • No annual fees
  • No liability in case of theft or fraudulent use
  • Automatic IKEA Family loyalty program enrollment

This card is best used for financing large purchases.

For example, if you spend $2,000 at IKEA, then with this card, you can pay it in 12 easy payments of $167 without having to bear any APR.

What Bank Issues IKEA Credit Card?

The IKEA Visa Credit Card is issued in conjunction with Comenity Capital Bank (recently renamed Bread Financial).

The IKEA Projekt Credit Card is issued by IKEA. It does not have an issuing bank. 

This means that all payments, interests, and charges on the IKEA Projekt Credit Card are managed directly by IKEA itself. 

does IKEA have a credit card

How Long Does It Take To Get Approved for an IKEA Credit Card? 

You will usually get instant approval for an IKEA Credit Card as long as you meet its requirements.

If you apply online, you will most often get the decision immediately after applying. If you apply in-store, IKEA will give you a decision in the store itself.

If your application gets denied due to some reason, you can call up 1-866-387-6145 (IKEA Credit Card helpline) to request reconsideration.

How Much Is the IKEA Credit Card Limit? 

The credit card limit for the IKEA Credit Card is decided on several factors like your credit score, your credit history, and your income.

Some of these factors include:

  • Credit History
  • Debt-to-Income ratio
  • Credit ratings
  • Credit utilization ratio (what % of your current credit card limit you use)
  • Relationship with the card issuer (do you have an older card with them)

Because these factors will vary for every person, there is no single credit limit for the IKEA Credit Card.

Is It Hard to Get a Credit Card at IKEA?

Most users report that the credit score needed for IKEA Visa Credit Card is above 670. 

You can check your credit score on Experian and other places. If you have a score above 670, it should not be hard to get your IKEA Visa Credit Card. 

You can either get your IKEA Credit Card pre-approval by mail or else get approval in the store by applying for the card. 

You can also get your IKEA credit card by applying online.

does IKEA have a credit card

Once approved, IKEA will send your IKEA VISA Credit Card to your mailing address in 7-10 days. IKEA Projekt Credit cards will also be sent within ten days.

Does IKEA Credit Card Have an Annual Fee?

No, neither the IKEA Visa Credit Card nor the IKEA Projekt Credit Card has an annual fee.

In fact, most store credit cards typically do not have any annual fee so they can entice more customers to take the card.

Can I Use the IKEA Credit Card Anywhere?

You can use the IKEA Visa Credit Card in any store or establishment that accepts Visa credit cards.

You can only use the IKEA Projekt Credit Card at IKEA US stores or on their website. This card cannot be used at other places apart from IKEA.

Is It Worth It to Get an IKEA Credit Card?

The IKEA Visa Credit Card is a good fit if you love to do your own DIY furniture and are a regular shopper at IKEA. 

This credit card offers a lot of great reward points for IKEA purchases

However, the cashback reward points get converted to reward certificates, which can only be redeemed at IKEA stores.

The IKEA Projekt Credit Card is perfect if you are refurbishing your entire home or have several large purchases to make at IKEA regularly.

You get 0% APR on 6, 12, and 24-month installments, letting you buy now and pay later instead of spending a lot of money at once.




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Jenna Gleespen is a published author and copywriter specializing in personal and investment finance. Her expertise is in financial product reviews and stock market education.