IKEA Projekt Card

[BurgeoningHope]

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@Anonymous wrote:

I hope the card is assembled.  Getting the account number with its 16 digits to line up just right will take a lot of time and a steady hand.

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True, but they do offer assembly services for a price - something I kinda wish I'd taken advantage of with the last set of bookshelves. If they do the assembling, you don't have to worry about missing parts on, say, xmas eve...

[UncleB]

While I appreciate the discussion of meatballs and find the humor in this thread amusing, we need to bring the topic back around to the new credit card or else the thread will end up smorg'ed.

TIA!  

--UB

[K-in-Boston]

So I saw another article on this earlier today and it appears that there will be at least TWO cards. A regular card (assumed V/MC) with substantial rewards that are essentially covered by the revenue made from the card, and the IKEA Projekt card which will be the traditional store card as we know it with long low/no-APR financing offers.

[wasCB14]

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@digitek wrote:

As someone who bought a house in the last 10 years and having to furnish the place, I have a lot of Ikea furniture.  Mainly because buying a house is expenisve AF and after you get everything settled you barely have any money for decent furniture.

Ikea is a good middle ground, it's not super cheap or super expensive and it might not be forever furniture, but it is "good enough" furniture =D

When I bought stuff from them a few years ago I asked the lady at the register about a CC and she said they didn't have one and I was really surprised by that.

I just got the US Bank Cash+ card because I have finally gotten to the point where I can buy "forever" furniture.

Personally, I hate how the store is designed.  I am not an Ikea fanboy in any sense, but I do have a bunch of their furniture.

Guy who started Ikea is one of the wealthiest people on the planet, like top 10 =D

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Ingvar Kamprad has played some games with IKEA's ownership structure. I think the company is now domiciled in Sweden, but for many years the company was technically run as (or perhaps owned by) some sort of Swiss non-profit charitable organization(to avoid then-high Swedish income taxes). If you look at the wealth in his name, he wouldn't be in the top 10. But if you look at what he controls through a charity, he might well be.

[FinStar]

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@K-in-Boston wrote:
So I saw another article on this earlier today and it appears that there will be at least TWO cards. A regular card (assumed V/MC) with substantial rewards that are essentially covered by the revenue made from the card, and the IKEA Projekt card which will be the traditional store card as we know it with long low/no-APR financing offers.

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Interesting.  Two product types?  I'm intrigued.  I would envision their application portal may have some pre-screening questions such as the ones below?

[Anonymous]

Forgot to mention it is from Alliance Data anyone have experience with them? 

[peghede]

Alliance Data (aka:Comenity)

[DeeBee78]

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@Anonymouswrote:

Hi All,

Anyone have any feedback on this new card from IKEA. I am curious on the approval odds and minimums. Thanks!

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It’s not available yet. 

[Anonymous]

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@Anonymouswrote:

Hi All,

Anyone have any feedback on this new card from IKEA. I am curious on the approval odds and minimums. Thanks!

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Here’s a prequalify link (soft pull with option to apply): https://comenity.net/ikeaprojekt/pub/prequalify/Prequalify.xhtml?cmp=476_web_prequal_ikea 

It is indeed financed by Comenity. Minimum purchase amount seems to be $5,000.  For the prequalify tool, you input the amount you’d like to be considered for. If preapproved, it gives you the amount you’re prequalified for and invites you to apply. 

I hope this is helpful. 

Heres a graphic with financing info:

[chaos51]

Please no one tell DW this card exists.