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If you already know that “hexagonal spanner” is Ikea-speak for an Allen wrench, then chances are you’ll be the fitting buyer for the IKEA® Visa® Credit score Card. The $Zero-annual-fee card, issued by Comenity, was launched in Might 2018 and was designed for diehard do-it-yourselfers who plan to purchase lots on the blue behemoth.

You gained’t get free Swedish meatballs with card possession, however you’re going to get a strong rewards construction for purchasing at Ikea, together with elevated earnings in a number of different on a regular basis classes and a pleasant sign-up bonus.

The draw back? It’s obtained a sophisticated and restricted redemption system which will depart you lower than glad. Learn on to study 5 issues in regards to the IKEA® Visa® Credit score Card.

» MORE: NerdWallet’s finest retailer bank cards

1. It’s simple to rack up rewards …

In the event you’ve obtained large plans to furnish your abode, they usually virtually all contain Ikea, you’ll be able to stockpile rewards sooner than you’ll be able to pronounce “FJÄLLA“.

Cardholders will earn:

5% again in rewards per greenback spent on all Ikea purchases, in addition to Traemand kitchen set up and at-home meeting companies from TaskRabbit, which Ikea purchased in September 2017.
three% again in rewards per greenback spent on eating, grocery and utility purchases.
1% again in rewards per greenback spent on all different purchases made with the cardboard.

The IKEA® Visa® Credit score Card additionally comes with a sign-up supply: Get a Bonus $25 IKEA Reward Certificates once you make $500 in qualifying purchases exterior of IKEA, Traemand and TaskRabbit inside the first 90 days of account opening along with your IKEA Visa bank card.

» MORE: Earlier than you get a retail bank card, take into account your choices

2. … However they are often redeemed solely at Ikea

Ikea “Reward Dollars” are robotically redeemed for Ikea Reward Certificates in $15 increments. So for each 15 Reward Dollars you earn, you’ll get a $15 Ikea Reward Certificates. You possibly can select to have these certificates mailed to you — or should you’ve chosen paperless billing, you’ll be able to entry them on-line along with your month-to-month billing assertion.

The automation issue sounds easy, nevertheless it’s additionally rigid. When you have, say, $28 price of rewards, you’ll get solely $15 of that despatched to you, and also you’ll have to attend to get the remaining till you hit the $15 threshold once more.

There are extra potential speedbumps. Reward certificates can be utilized solely at U.S. Ikea shops or the U.S. model of the corporate web site. Furthermore, these certificates expire 45 days from the date they’re issued, and the Reward Dollars you accumulate to earn these certificates expire 36 months after the date that they’re posted to your steadiness.

Select one other rewards card if you’d like higher flexibility along with your earnings.

» MORE: NerdWallet’s finest rewards bank cards

three. It comes with auto protections

For the reason that IKEA® Visa® Credit score Card is a Visa card, it comes with some perks that you could be discover helpful once you’re driving dwelling laden with Ikea bins and might’t see out the again window. You’ll get auto injury collision waiver protection for automotive leases should you use the IKEA® Visa® Credit score Card to finish the rental transaction (and decline the rental firm’s protection). You’ll even have entry to Visa’s Roadside Dispatch, which is a pay-per-use service that may get you out of a jam.

» MORE: Rental automotive insurance coverage: How your bank card could have you ever coated

four. There’s no Zero% intro APR interval

In the event you’re contemplating the IKEA® Visa® Credit score Card, don’t neglect to have a look at the large image. Though the cardboard provides wealthy rewards to those that plan to spend a lot on Ikea merch, that is probably not as helpful to you as getting a card that provides a bit of interest-free time to repay that new kitchen, lounge or different large venture.

And do not forget that Ikea rewards are redeemable solely in $15 chunks and have for use up pretty shortly. It could be simpler and extra helpful to get an all-purpose cash-back card that allows you to redeem your rewards anyway you want.

» MORE: retailer playing cards? You’ll doubtless get extra worth of out of those playing cards

5. It’s not the one co-branded Ikea card obtainable

If you’re certainly searching for some respiratory room in your Ikea haul, there may be one other in-house choice to contemplate. The IKEA® Projekt Credit score Card comes with the next provides:

Zero% APR for six months on a purchase order of $500 or extra; or
Zero% APR for 12 months on a purchase order of $1,500 or extra; or
Zero% APR for 24 months on a purchase order of $5,000 or extra.

Bear in mind that if you haven’t paid that buy off in full inside the promotional interval, you’ll be charged the usual ongoing rate of interest on the remaining steadiness.

Additionally, the IKEA® Projekt Credit score Card is a retailer card, which implies you’ll be able to’t use it exterior of Ikea purchases. And in contrast to the IKEA® Visa® Credit score Card, it doesn’t earn rewards.

» MORE: NerdWallet’s finest low-interest and Zero% APR playing cards

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