There is a new reward credit card on the market and it’s an Ikea co-branded Visa. The IKEA Visa Credit Card is issued by Comenity Bank and seems pretty interesting on first impressions alone. Rewards are earned in the forom of certificates to Ikea and there is no annual fee. If you like Ikea and have one close by, you should take a look. For complete details, here’s the official page.
Earning Structure
- 5% back in rewards on IKEA purchases as well as Traemand installation and TaskRabbit assembly services.
- 3% back in rewards on dining, grocery and utility purchases.
- 1% back in rewards on all other purchases made with your IKEA Visa credit card
Benefits
- $25 off your first IKEA purchase when you open and use your IKEA Visa credit card
- Free standard shipping & delivery on in-store IKEA purchases made with your IKEA Visa credit card now through 8/31/18
- Additional Spending 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 with your IKEA Visa credit card.
- Auto rental protection
Analysis
I happen to love Ikea because I kind of like to put stuff together (okay, I actually love it). Another company that I love is Taskrabbit and 5% back is a great return. If you know you’re going to use it, seems like a nice benefit. Also, the bonus categories are really good for a no fee card, unlimited 3% on dining, groceries and utilites. Although, I’m not quite sure what utilities is and it’s not explained in details.
One thing that caught my eye about this card is the free shipping on in-store purchases, but it says through August 2018. If there’s no free shipping, I’m unlikely to find the card worth my time since I can always knock a few dollars off Ikea purchases with discount gift cards. Since Comenity is the issuer, the Ikea Visa could certainly be a long term keeper for all the Ikea shoppers out there.
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Does this card work with IKEA shops around the world, not just in the US?
I have the same question !
Terms:
Your Account may be used to make purchases from IKEA North America Services, LLC and other retailers we may determine occasionally by notifying you via electronic mail, statement message, website posting, or other method.
Sounds like most likely not.
I assume you can mix certificates with CC purchase. I am surprised to not see a max distance for free delivery.