topic Re: Ikea Visa in Credit Cards

Ikea Visa

CreditCuriosity — Tue, 15 May 2018 16:42:33 GMT

Not sure if this was posted yet? Was released today.

5% back at Ikea, 3% at food/utility/grocery 1% all else

Only good for in store redemptions i believe

https://www.ikea.com/ms/en_US/financing/information.html

Brought to you by comentiy bank

Re: Ikea Visa

pizza1 — Tue, 15 May 2018 16:48:45 GMT

Well, you know how weird they can be on their Majors. (approving/then declining)...as always, its a YMMV thing, but still should make anyone a little cautious in applying. Not too say that someone who applied and gets approved will be shut down, but its happened so many times, to so many folks. Would make me Leary......

You got the WS visa, and so far you're ok, so its a case by case basis..

Re: Ikea Visa

pipeguy — Tue, 15 May 2018 16:54:02 GMT

You had me slightly interested until I saw the Comenity backing. Oh well, I certainly don't need another card....

Re: Ikea Visa

FinStar — Tue, 15 May 2018 16:54:42 GMT

I'll probably bite, but not until my BB&B CC with them is about 8-12 months old 😁

I just recently closed the Elder-Beerman CC ($20.5K) since they were were planning on doing so next month with the recent going OOB news. Prior to this one, the Virgin America Visa had a similar fate... so there went $12K 🤑.

Let's see how many folks get tempted with the Ikea Visa lol.

Re: Ikea Visa

K-in-Boston — Tue, 15 May 2018 16:57:20 GMT

I've had zero issues with my Comenity BJ's Elite Perks WMC. Not a great SUB (although that free delivery through August could be huge for some), but the actual reward structure is great. The one-21.99%-APR-for-everyone kinda stinks. I just wish they had the prequalify function for it like the Projekt card. The one time I tried that, I was half tempted to actually app for it:

So, who's on first? I am actually quite tempted.

Re: Ikea Visa

CreditCuriosity — Tue, 15 May 2018 17:00:00 GMT

Decent card if you have ikea in your town.. Ours will be completed believe 2019 in Nashville... Although as stated appears you got to use rewards in store which is kinda meh, but a decent card none-the-less.

Bet we see some applications today or tomorrow for it .

Re: Ikea Visa

Adkins — Tue, 15 May 2018 17:14:36 GMT

$25 off your first purchase then another $25 bonus certificate if your spend $500 in 90 days, BUT the free shipping only lasts until 08/31/18. Lame. Pass right now. I wonder if the 5% off includes the food? 😀

Re: Ikea Visa

HeavenOhio — Tue, 15 May 2018 17:15:18 GMT

Rewards are issued in $15 increments and must be redeemed in 45 days. You'd need to be a pretty regular shopper to benefit.

Re: Ikea Visa

FinStar — Tue, 15 May 2018 17:16:37 GMT

The free shipping is a nice perk I suppose, but as K-in-Boston mentioned, that overall APR is meh for every applicant even with decent profiles, but if most folks PIF then I guess no issue.

It would've been nicer if they would've rolled both programs into one CC.

Re: Ikea Visa

Anonymous — Tue, 15 May 2018 17:15:43 GMT

im in the garden so gonna pass lol

Re: Ikea Visa

AverageJoesCredit — Tue, 15 May 2018 17:18:06 GMT

Interesting read until I saw Comenity lol. For a card collector could be another notch on the belt

Re: Ikea Visa

ToughFistFight — Tue, 15 May 2018 17:35:40 GMT

Dang. I love IKEA. Staging houses can be expensive. It's only 20 mins away. They start breakfast at 9am and doors open at 10. Community does not like me. Not one little tiny bit. Shoot. Let's see some approvals.

Re: Ikea Visa

Gmood1 — Tue, 15 May 2018 18:35:16 GMT

Just tried that pre-qualification thingy. Lol

Not going to bite either. I don't have any comenity cards.

Re: Ikea Visa

Anonymous — Tue, 15 May 2018 22:45:11 GMT

I was wondering if anyone here was going to bite at that card, I'm in rebuilding and was hoping to get the pre-qualification yet I didn't lol. IKEA would actually be the one card from Comenity that I would use seeing as I need furniture. Oh well

Re: Ikea Visa

FinStar — Tue, 15 May 2018 22:50:34 GMT

I think some folks are going to think about this one for a bit, given Comenity's track record in general and other alternatives out there.

There's definitely not going to be a surge on apps for this one, but I'm sure folks will be asking if there's a SCT for it 😄

Re: Ikea Visa

Meanmchine — Tue, 15 May 2018 23:32:35 GMT

Interesting that you can check prequal for the store card but not the Visa

Re: Ikea Visa

avp99 — Wed, 16 May 2018 00:16:46 GMT

Comenity is handing these out like candy.... (too bad it is Comenity)

Re: Ikea Visa

Jnbmom — Wed, 16 May 2018 01:41:59 GMT

Maybe not candy for all lol, I tried for the heck of it as I have NO interest in the card, hubby prequalified I did NOT.

Wth lol my scores are much higher than his

Re: Ikea Visa

NRB525 — Wed, 16 May 2018 01:45:46 GMT

@HeavenOhio wrote:
Rewards are issued in $15 increments and must be redeemed in 45 days. You'd need to be a pretty regular shopper to benefit.

This needs to be highlighted. With other cash back and reward cards you can accumulate a nice amount then choose to redeem. With US Bank and some others the rewards do expire after a few years, but at least you have control.

Having IKEA spit a $15 reward at you and expire 45 days later forces you to head to IKEA to pick up that lousy amount.

This is is not a reward card. It is a penalty card.

Stay with Credit One.

Re: Ikea Visa

Gmood1 — Wed, 16 May 2018 02:25:35 GMT

Here's a news link about the card.
https://www.marketwatch.com/story/ikea-releases-a-new-credit-cardbut-it-comes-with-one-major-caveat-2018-05-15