IKEA Projekt Card

[TiggerDat]

Was curious, so I tried the prequal;

[Anonymous]

I was pre-approved for $20,000.

I could see using this for a project at a small office/business/salon.

For a small business, 4.99% is a very competitive interest rate if you did not want to use your personal line(s) of credit,

or - if you have no offers with your current small business credit cards.

Also, for Comenity, it's beem some time since we've seen much in the way of new retailers/card products

being addted to their portfolio. Lately, it's been more of cancellations/closures (Motorola. Virgin America, Fuel Rewards, etc.) than

new companies establishing a relationship with Comenity for private label credit card services.

SO_CAL_RETAIL

[Anonymous]

So since my soft pull did not pre qualify me..can I call reconsideation line before actually applying and see where I might be short on the soft pull..I dont want to do a hard pull unless I am probably getting approved...thoughts? Need this card for our kitchen remodel we want to do...but not on a set time table and I can probably do some things to bump my score...

[Anonymous]

I prequalified for $19K but I know I couldn't put $5k worth of Ikea stuff in my already furnished condo.

[Newbie2018]

I tried the pre-qualification link this morning. Although I didn't have any pre-approval. Another person who posted the link had got approved for $1500.

[Anonymous]

Wife will never set foot in one again, she hates the maze setup they have going on.  Good for me I guess.  She also hates shopping...  

[Anonymous]

This is probably suited for people who are planning to remodel with an IKEA Kitchen which are extremely popular.

[Anonymous]

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@chaos51wrote:

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@Anonymouswrote:

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@Anonymouswrote:

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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. 

Are you sure its a soft pull?...I thought they only required last 4 not the whole SS# 

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A few CC companies require your full SSN, such as Capital One and Discover. I think since they are prequalifying you for a specific amount, they are looking for more data. 

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Thanks, that makes things more understandable

[toadsworth]

Did the prequal link just for fun, was approved for $6000. Lots of inquiries and new accounts so I was curious what they’d think of me.

[Anonymous]

I think they are shooting too high. I'd get this card if they had 0% APR for 18-24 mo for $5k+ or something smaller like $1.5-3K 0% APR for 12 mo.

I wanted to buy a few things but that's not in my price range.

Definitely more for businesses than for individuals.