IKEA runs its credit-card program through Comenity Capital Bank, offering two versions: a general-purpose IKEA Visa and an IKEA-only store card. Both share the headline benefit — 5% back on IKEA purchases, including installation services and TaskRabbit assembly booked through IKEA — with no annual fee on either.
Visa vs. store card
The IKEA Visa works anywhere Visa is accepted and adds 3% back on dining, grocery, and utility purchases (1% on everything else outside those categories), which makes it a reasonable everyday card if you're already earning the IKEA rate. The store-card version is IKEA-only — simpler, but no rewards value outside IKEA.
The APR is genuinely lower than peers
At 21.99% for new accounts, the IKEA card's purchase APR undercuts most co-branded store cards, many of which run 28-36%. That doesn't make it a card to carry a balance on by design, but it's a meaningfully smaller penalty if you occasionally do.
Rewards cover more than furniture
The 5% rate applying to IKEA installation and TaskRabbit assembly (not just furniture and home-goods purchases) is a genuinely useful detail for anyone furnishing a home — those services can be a real chunk of an IKEA project's total cost.
Our methodology
Every figure above — APR, annual fee, and rewards rate — is attributed to Comenity Capital Bank's published IKEA card terms, verified 2026. ClearValue Lending is not a card issuer; we score and compare publicly available terms. Confirm current terms at ikea.com before applying. See our full review methodology for how we score cards.